Nauticus Robotics, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Notes Payable (Tables)

Notes Payable (Tables)

6 Months Ended

Jun. 30, 2025

Notes payable consisted of the following:


	June 30, 2025		December 31, 2024
November 2024 debentures - fair value (principal amount of $2,150,000 as of June 30, 2025 and December 31, 2024)	$	3,119,892	$	2,583,832
Convertible senior secured term loan	25,287,311		27,500,383
SBA loan	485,300		-
Ameristate loan	1,917,863		-
Total	30,810,366		30,084,215
Less: debt discount, net	(46,558)		(66,478)
Less: capitalized debt issuance costs	(857,205)		(1,207,509)
Senior bridge note exit fee provision	173,926		125,302
Less: current portion	(2,403,163)		-
Total notes payable – long-term	$	27,677,366	$	28,935,530

Schedule of Long-Term Debt Instruments

Interest expense includes the following relating to the 2023 Term Loan, the December 2023 Incremental Loan, the January 2024 Incremental Loan, 2024 Loans and the May 2024 Incremental Loan (collectively the "convertible senior term loans"):


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Debt discount amortization	$	10,025	$	9,944	$	19,920	$	19,868
Amortization of debt issuance costs	176,857		169,619		350,303		312,440
Provision for bridge note exit fee	24,472		24,263		48,624		48,475

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details