Nauticus Robotics, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Notes Payable (Tables)

Notes Payable (Tables)

12 Months Ended

Dec. 31, 2025

Notes payable consisted of the following:


	December 31, 2025		December 31, 2024
November 2024 Debentures (fair value)	$	163,672	$	2,583,832
Convertible senior secured term loan	19,284,709		27,500,383
SBA Loan	485,300		-
Ameristate Loan	1,811,327		-
Total	21,745,008		30,084,215
Less: debt discount, net	(26,225)		(66,478)
Less: capitalized debt issuance costs	(321,004)		(1,207,509)
2023 Term Loan Agreement exit fee provision	115,638		125,302
Total notes payable	$21,513,417		$28,935,530


November 2024 Debentures (principal amount)	$	100,000	$	2,150,000

Schedule of Long-Term Debt Instruments

Interest expense includes the following relating to the Senior Secured Convertible Term Loan:


	Twelve months ended December 31,
		2025		2024
Debt discount amortization		$	40,253	$	40,036
Amortization of debt issuance costs		886,504		664,690
Provision for 2023 Term Loan Agreement exit fee		(9,663)		97,694
Induced conversion expense		3,941,929		-

- 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