Document And Entity Information - shares |
9 Months Ended | |
|---|---|---|
Sep. 30, 2022 |
Mar. 07, 2023 |
|
| Document Information Line Items | ||
| Entity Registrant Name | NAUTICUS ROBOTICS, INC. | |
| Trading Symbol | KITT | |
| Document Type | 10-Q/A | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Common Stock, Shares Outstanding | 47,280,275 | |
| Amendment Flag | true | |
| Amendment Description | Nauticus Robotics, Inc. (“we,” “our” or “us”) is filing the Amendment No. 1 (this “Amendment”) to amend our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, originally filed with the Securities and Exchange Commission (the “SEC”) on November 14, 2022 (the “Original Filing”), to amend and restate our financial statements and related footnote disclosures as of September 30, 2022. This Amendment also amends certain other items in the Original Filing, as listed in “Items Amended In This Filing” below.This Amendment to the Original Filing amends our classification of certain warrants that were previously recorded as equity. The SPA Warrants (defined below), according to generally accepted accounting principles in the United States (“GAAP”) should have been classified as derivative warrant liabilities at fair value and marked to market at each reporting period, with changes in fair value recorded in earnings. The affected filing period is the quarterly unaudited financial statements as of September 30, 2022.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 corrections and has determined that the impact was material for the period ended September 30, 2022. The assessment resulted in the amendment of the previously reported financial statements reported in the Company’s Form 10-Q for the period ended September 30, 2022.The change in accounting for the warrants did not have any impact on our liquidity, cash flows, revenues or costs of operating in the affected periods. | |
| Entity Central Index Key | 0001849820 | |
| Entity Current Reporting Status | Yes | |
| Entity Filer Category | Non-accelerated Filer | |
| Document Period End Date | Sep. 30, 2022 | |
| Document Fiscal Year Focus | 2022 | |
| Document Fiscal Period Focus | Q3 | |
| 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 | |
| Title of 12(b) Security | Common Stock | |
| Security Exchange Name | NASDAQ | |
| Entity Interactive Data Current | Yes |