Document And Entity Information - shares |
3 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
May 15, 2023 |
|
| Document Information Line Items | ||
| Entity Registrant Name | NAUTICUS ROBOTICS, INC. | |
| Document Type | 10-Q/A | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Common Stock, Shares Outstanding | 47,507,796 | |
| Amendment Flag | true | |
| Amendment Description | Nauticus Robotics, Inc. (“we,” “our,” “us,” or the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (this “Amendment”) to amend our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, originally filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2023 (the “Original Filing”), to amend and restate our unaudited condensed consolidated financial statements and the accompanying notes as of and for the period ended March 31, 2023. This Amendment also amends certain other items in the Original Filing, as listed under “Items Amended In This Filing” below.This Amendment, among other things, corrects an error associated with the untimely recognition of an accrued liability and expense associated with liquidated damages and related interest amounts arising out of that certain Registration Rights Agreement, dated as of September 9, 2022, between the Company and certain investors (“RRA”). Pursuant to generally accepted accounting principles in the United States (“GAAP”), the liquidated damages and interest amounts should have been recorded as an accrued liability and interest expense under other (income) expense when such amounts became probable and estimatable. The affected period is the quarter ended March 31, 2023.SEC Staff Accounting Bulletin No. 99, “Materiality,” and FASB, Statement of Financial Accounting Concepts No. 2 “Qualitative Characteristics of Accounting Information” indicate that quantifying and aggregating errors is only the beginning of an analysis of materiality and that both quantitative and qualitative factors must be considered in determining whether individual errors are material. The Company evaluated the impact of the abovementioned error and has determined that such impact was material for the period ended March 31, 2023. Accordingly, we have restated our condensed consolidated financial statements for the affected period.The accounting for liquidated damages and related interest arising out of the RRA had no impact on our liquidity, cash flows, revenues or costs of operations in the affected period. | |
| Entity Central Index Key | 0001849820 | |
| Entity Current Reporting Status | Yes | |
| Entity Filer Category | Non-accelerated Filer | |
| Document Period End Date | Mar. 31, 2023 | |
| Document Fiscal Year Focus | 2023 | |
| Document Fiscal Period Focus | Q1 | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | true | |
| Entity Shell Company | false | |
| Entity Ex Transition Period | true | |
| Document Quarterly Report | true | |
| Document Transition Report | false | |
| Entity File Number | 001-40611 | |
| Entity Incorporation, State or Country Code | DE | |
| Entity Tax Identification Number | 85-1699753 | |
| Entity Address, Address Line One | 17146 FEATHERCRAFT LANE | |
| Entity Address, Address Line Two | SUITE 450 | |
| Entity Address, City or Town | WEBSTER | |
| Entity Address, State or Province | TX | |
| Entity Address, Postal Zip Code | 77598 | |
| City Area Code | (281) | |
| Local Phone Number | 942-9069 | |
| Entity Interactive Data Current | Yes | |
| Common Stock | ||
| Document Information Line Items | ||
| Trading Symbol | KITT | |
| Title of 12(b) Security | Common Stock | |
| Security Exchange Name | NASDAQ | |
| Redeemable Warrants | ||
| Document Information Line Items | ||
| Trading Symbol | KITTW | |
| Title of 12(b) Security | Redeemable Warrants | |
| Security Exchange Name | NASDAQ |