Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plan

v3.24.3
Employee Benefit Plan
 9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plan Employee Benefit PlanNauticus offers a 401(k) plan which permits eligible employees to contribute portions of their compensation to an investment trust. The Company makes contributions to the plan totaling 3% of employees’ gross salaries and such contributions vest immediately. The 401(k) plan provides several investment options, for which the employee has sole investment discretion. The Company’s cost for the 401(k) plan was $41,648 and $144,913, and $103,446 and $262,952, for the three and nine months ended September 30, 2024 and 2023, respectively.