Nauticus Robotics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

Notes Payable (Tables)

6 Months Ended

Jun. 30, 2024

Notes payable consisted of the following:


	June 30, 2024		December 31, 2023
Convertible secured debentures	$	34,336,089	$	36,530,320
Convertible senior secured term loan	27,249,922		12,295,000
Total	61,586,011		48,825,320
Less: debt discount, net	(13,457,428)		(16,593,357)
Less: capitalized debt issuance costs	(1,559,759)		(661,922)
Senior bridge note exit fee provision	76,083		27,608

Total notes payable – long-term	$	46,644,908	$	31,597,649

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,
	2024		2023		2024		2023
Debt discount amortization	$	9,944	$	-	$	19,868	$	-
Amortization of debt issuance costs	169,619		-		312,440		-
Provision for bridge note exit fee	24,263		-		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.

+ References

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+ Details