Nauticus Robotics, Inc.
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 15, 2025
KITT$1.33-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| For the year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows used in operating activities: | ||
| Net loss | $(134,906,649) | $(50,686,601) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 1,736,828 | 729,412 |
| Accretion of debt discount | 411,705 | 4,033,330 |
| Loss on extinguishment of debt | 127,605,940 | - |
| Amortization of debt issuance cost | 664,690 | 52,092 |
| Capitalized paid-in-kind (PIK) interest | 900,383 | - |
| Accretion of RCB Equities #1, LLC exit fee | 97,694 | 27,608 |
| Stock-based compensation | 2,303,054 | 4,427,073 |
| Loss on exchange of warrants | - | 590,266 |
| Change in fair value of warrant liabilities | (13,559,010) | (14,902,427) |
| Change in fair value of New Convertible Debentures | (7,989,948) | - |
| Change in fair value of November 2024 Debentures | 435,864 | - |
| Non-cash lease expense | 504,097 | 346,714 |
| Interest expense assumed into Convertible Senior Secured Term Loan | - | 378,118 |
| Impairment of property and equipment | - | 25,354,791 |
| Settlement of liquidated damages with Common Stock | - | 3,685,629 |
| Loss on disposal of assets | 19,202 | 82,604 |
| Loss on lease termination | 18,721 | 453,162 |
| Gain on short-term investments | - | (40,737) |
| Other notes payable adjustments | 115,394 | - |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (26,103) | 1,410,006 |
| Inventories | (58,683) | (11,581,138) |
| Contract assets | - | 573,895 |
| Prepaid expenses and other assets | 1,145,670 | 2,707,815 |
| Accounts payable and accrued liabilities | (1,696,525) | 8,241,528 |
| Contract liabilities | (2,421,634) | 2,767,913 |
| Operating lease liabilities | (397,375) | (338,979) |
| Other liabilities | 895,118 | - |
| Net cash used in operating activities | (24,201,567) | (21,687,926) |
| Cash flows from (used in) investing activities: | ||
| Capital expenditures | (501,600) | (11,633,153) |
| Proceeds from sale of assets held for sale | 676,177 | - |
| Proceeds from sale of property and equipment | 5,705 | 38,704 |
| Proceeds from sale of short-term investments | - | 5,000,000 |
| Net cash from (used in) investing activities | 180,282 | (6,594,449) |
| Cash flows from financing activities: | ||
| Proceeds from notes payable | 14,305,000 | 11,096,884 | |||
|---|---|---|---|---|---|
| Payment of debt issuance costs on notes payable | (1,316,791) | (607,500) | |||
| Proceeds from November 2024 Debentures | 2,150,000 | - | |||
| Proceeds from At the Market (ATM) offering | 9,857,857 | - | |||
| Payment of ATM commissions and fees | (499,903) | - | |||
| Proceeds from exercise of warrants | - | 338,055 | |||
| Proceeds from exercise of stock options | - | 421,175 | |||
| Net cash from financing activities | 24,496,163 | 11,248,614 | |||
| Effect of changes in exchange rates on cash and cash equivalents | (42,229) | - | |||
| Net change in cash and cash equivalents | 432,649 | (17,033,761) | |||
| Cash and cash equivalents, beginning of year | 753,398 | 17,787,159 | |||
| Cash and cash equivalents, end of year | $1,186,047 | $753,398 | |||
| Supplemental disclosure of cash flow information: | |||||
| Cash paid for interest | $158,559 | $1,006,993 | |||
| Cash paid for taxes | $ | - | $ | - | |
| Non-cash investing and financing activities: | |||||
| Conversion of convertible debt and accrued interest expense to Common Stock | $29,741,859 | $ | - | ||
| Exchange of convertible debt and accrued interest expense to preferred stock | $61,429,200 | $ | - | ||
| Series A preferred stock issued in exchange for convertible debt | $110,300,191 | $ | - | ||
| Exercise of warrants | $4,635,257 | $ | - | ||
| Liabilities relieved through sale of assets held for sale | $1,158,609 | $ | - | ||
| Transfer from assets held for sale to property and equipment | $1,093,653 | $ | - | ||
| Operating leases at inception | $1,185,119 | $2,016,931 | |||
| Transfer from inventories to property and equipment | $1,376,885 | $15,904,411 | |||
| Transfer from property and equipment to assets held for sale | $ | - | $2,940,254 | ||
| Capital expenditures included in accounts payable | $ | - | $849,951 | ||
| Receivable portion of convertible senior secured note payable | $ | - | $695,000 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.