For the quarter ending 2026-03-31, KITT made $159,575 in revenue. -$9,266,081 in net income. Net profit margin of -5806.72%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 159,575 | 1,057,298 | 1,976,795 | 2,075,566 |
| Cost of revenue (exclusive of items shown separately below) | 1,993,894 | 3,326,626 | 4,266,894 | 3,504,043 |
| Depreciation and amortization | 624,791 | 699,067 | 590,820 | 574,563 |
| Research and development | - | 0 | 0 | 0 |
| General and administrative | 3,224,907 | 2,645,694 | 2,997,001 | 4,368,187 |
| Total costs and expenses | 5,843,592 | 6,671,387 | 7,854,715 | 8,446,793 |
| Operating loss | -5,684,017 | -5,614,089 | -5,877,920 | -6,371,227 |
| Other (income) expense, net | 3,145 | 102,269 | -2,883 | -52,461 |
| Gain on lease termination | - | - | 0 | 0 |
| Foreign currency transaction loss | -970 | -2,179 | -48,807 | -274 |
| Loss on extinguishment of debt | -929,508 | -5,350,143* | 0 | 0 |
| Change in fair value of derivative | -515,827 | - | - | - |
| Change in fair value of warrant liabilities | -3,019 | -24,894 | -103,607 | 8,757 |
| Change in fair value of november 2024 debentures | 1,188,840 | 0* | 0 | 0 |
| Change in fair value of debentures-Convertible Secured Debentures November2024Debentures | - | 3,141,554* | -407,938 | -187,866 |
| Interest expense, net | 953,083 | 5,186,289 | 1,221,883 | 1,209,323 |
| Total other expense, net | -3,582,064 | -13,553,002 | -762,028 | -1,082,949 |
| Net loss | -9,266,081 | -19,167,091 | -6,639,948 | -7,454,176 |
| Basic EPS | -2.46 | -2.869 | -2.6 | -0.26 |
| Diluted EPS | -2.46 | -2.869 | -2.6 | -0.26 |
| Basic Average Shares | 3,840,563 | 6,681,851* | 3,878,466 | 29,007,029 |
| Diluted Average Shares | 3,840,563 | 6,681,851* | 3,878,466 | 29,007,029 |