Cover - shares |
9 Months Ended | |
|---|---|---|
Sep. 30, 2024 |
Nov. 11, 2024 |
|
| Document Information [Line Items] | ||
| Document Type | 10-Q/A | |
| Document Quarterly Report | true | |
| Document Period End Date | Sep. 30, 2024 | |
| Document Transition Report | false | |
| Entity File Number | 001-40611 | |
| Entity Registrant Name | NAUTICUS ROBOTICS, INC. | |
| 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 Current Reporting Status | Yes | |
| Entity Interactive Data Current | Yes | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | true | |
| Entity Ex Transition Period | true | |
| Entity Shell Company | false | |
| Entity Common Stock, Shares Outstanding | 6,407,475 | |
| Amendment Flag | true | |
| Document Fiscal Year Focus | 2024 | |
| Document Fiscal Period Focus | Q3 | |
| Entity Central Index Key | 0001849820 | |
| Current Fiscal Year End Date | --12-31 | |
| Amendment Description | EXPLANATORY NOTE REGARDING THIS AMENDMENTNauticus Robotics, Inc. (the “Company”) is filing this Amendment No. 1 to it's Quarterly Report on Form 10-Q (this “Amendment”) to amend and restate its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 12, 2024 (the “Original Report”), to reflect the change in treatment of debt accounting related to the convertible debentures that were issued in the January 30, 2024 transaction, as previously reported on the Company’s Current Report on Form 8-K filed on February 5, 2024. The Company previously applied debt modification accounting to this transaction but has since determined that extinguishment accounting should have been used. Additionally in the third quarter there was an accounting change for the incremental $2.1 million incremental debt that was owed for conversions that occurred below the conversion price. As a result, the audit committee of the Company’s board of directors, in consultation with the Company’s management and its independent auditor, concluded that the Company’s unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2024 included in the Original Report should no longer be relied upon and that it is appropriate to restate the Company’s unaudited condensed consolidated financial statements for such periods to reflect the correct accounting treatment (collectively, the “Restatement”).Changes to the Original Report to reflect the Restatement include changes to the Balance Sheet, Statements of Operations, Statements of Cash Flows, Statement of Stockholders' Deficit and FN 3 - Summary of Significant Policies, FN - 7 Accrued Liabilities, FN 8 - Notes Payable, FN 16 - Related Party Transactions, FN 17 - Loss Per Share, FN 18 - Fair Value Measurement's and Item 2 - Management's Discussion and Analysis of Financial Conditions and Results of Operations. In addition, the Company’s Chief Executive Officer and Interim Chief Financial Officer have provided new certifications dated as of the date of this Amendment in connection with this Amendment, and the Company has provided its revised audited condensed consolidated financial statements formatted in Extensible Business Reporting Language (XBRL) in Exhibit 101. This Amendment does not otherwise update any exhibits as originally filed or previously amended.Except as described above, this Amendment does not amend, update or change any other items or disclosures contained in the Original Report, and accordingly, this Amendment does not reflect or purport to reflect any information or events occurring after the date of the Original Report or modify or update those disclosures affected by subsequent events. Accordingly, this Amendment should be read in conjunction with the Original Report and the Company’s other filings with the SEC. | |
| Common Stock | ||
| Document Information [Line Items] | ||
| Title of 12(b) Security | Common Stock | |
| Trading Symbol | KITT | |
| Security Exchange Name | NASDAQ | |
| Redeemable Warrants | ||
| Document Information [Line Items] | ||
| Title of 12(b) Security | Redeemable Warrants | |
| Trading Symbol | KITTW | |
| Security Exchange Name | NASDAQ |