For the quarter ending 2025-09-30, KITT has $42,813,211 in assets. $46,936,197 in debts. $5,492,350 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 5,492,350 | 2,663,404 | ||
| Restricted certificate of deposit | 53,411 | 53,023 | ||
| Accounts receivable, net | 1,097,224 | 2,283,131 | ||
| Accounts receivable unbilled | 283,210 | - | ||
| Inventories | 914,748 | 913,341 | ||
| Prepaid expenses | 1,666,462 | 1,446,376 | ||
| Other current assets | 81,706 | 607,491 | ||
| Assets held for sale | 0 | 0 | ||
| Total current assets | 9,589,111 | 7,966,766 | ||
| Property and equipment, net | 21,648,667 | 22,238,369 | ||
| Operating lease right-of-use assets, net | 800,419 | 900,292 | ||
| Other assets | 122,625 | 123,465 | ||
| Goodwill | 10,652,389 | 10,652,389 | ||
| Total assets | 42,813,211 | 41,881,281 | ||
| Accounts payable | 4,392,396 | 5,715,381 | ||
| Accrued liabilities | 11,244,825 | 9,389,088 | ||
| Contract liability | 343,493 | 343,493 | ||
| Operating lease liabilities - current | 472,543 | 459,249 | ||
| Notes payable - current | 2,376,635 | 2,403,163 | ||
| Notes payable - current, fair value option-Related Party | 2,711,954 | - | ||
| Notes payable - long-term, fair value option-Related Party | - | 3,119,892 | ||
| Notes payable - current, net of discount-Related Party | 11,300,828 | - | ||
| Notes payable - long-term, net of discount-Related Party | - | 11,126,061 | ||
| Notes payable - current, net of discount-Nonrelated Party | 13,647,910 | - | ||
| Notes payable - long-term, net of discount-Nonrelated Party | - | 13,431,413 | ||
| Total current liabilities | 46,490,584 | 18,310,374 | ||
| Warrant liabilities | 36,175 | 139,782 | ||
| Operating lease liabilities - long-term | 409,438 | 533,981 | ||
| Notes payable - long-term, fair value option-Related Party | 0 | - | ||
| Notes payable - long-term, net of discount-Related Party | 0 | - | ||
| Notes payable - long-term, net of discount-Nonrelated Party | 0 | - | ||
| Other liabilities | 0 | 895,118 | ||
| Total liabilities | 46,936,197 | 47,556,621 | ||
| Convertible preferred stock-Series APreferred Stock | 1 | - | ||
| Series a convertible preferred stock 0.0001 par value 40,000 shares authorized, 35,434 shares issued at june 30, 2025 and december 31, 2024 and 18,296 and 35,034 outstanding at june 30, 2025 and december 31, 2024, respectively | - | 2 | ||
| Convertible preferred stock-Series BPreferred Stock | 0 | - | ||
| Common stock, 0.0001 par value 625,000,000 shares authorized, 6,427,297 and 1,084,655 shares issued at september 30, 2025 and december 31, 2024, respectively, and 6,427,297 and 1,084,655 shares outstanding at september 30, 2025 and december 31, 2024, respectively | 643 | 3,739 | ||
| Additional paid-in capital | 274,705,968 | 263,082,863 | ||
| Accumulated other comprehensive loss | -42,229 | -42,229 | ||
| Accumulated deficit | -278,787,369 | -268,719,715 | ||
| Total stockholders (deficit) | -4,122,986 | -5,675,340 | ||
| Total liabilities and stockholders deficit | 42,813,211 | 41,881,281 | ||
Nauticus Robotics, Inc. (KITT)
Nauticus Robotics, Inc. (KITT)