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

Quarterly report [Sections 13 or 15(d)]

Notes Payable (Tables)

Notes Payable (Tables)

9 Months Ended

Sep. 30, 2025

Notes payable consisted of the following:


	September 30, 2025		December 31, 2024
November 2024 debentures - fair value (principal amount of $2,150,000 as of September 30, 2025 and December 31, 2024)	$	2,711,954	$	2,583,832
Convertible senior secured term loan	25,463,285		27,500,383
SBA loan	485,300		-
Ameristate loan	1,891,335		-
Total	30,551,874		30,084,215
Less: debt discount, net	(36,402)		(66,478)
Less: capitalized debt issuance costs	(676,864)		(1,207,509)
Senior bridge note exit fee provision	198,719		125,302

Total notes payable – current	$	30,037,327	$	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 September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Debt discount amortization	$	10,156	$	10,074	$	30,076	$	29,942
Amortization of debt issuance costs	180,341		174,318		530,644		486,758
Provision for bridge note exit fee	24,794		24,583		73,418		73,058

- 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