$KITT Balance Sheet | Understand Stock

$KITT

$1.35 -$0.04 (2.8%) Pre-market

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Balance Sheets

In millions of USD; shares in millions, except per-share amounts

	Q2 FY2026 As of Jun 30, 2026	Q1 FY2026 As of Mar 31, 2026	Q4 FY2025 As of Dec 31, 2025	Q3 FY2025 As of Sep 30, 2025	Q2 FY2025 As of Jun 30, 2025	Q1 FY2025 As of Mar 31, 2025	Q4 FY2024 As of Dec 31, 2024	Q3 FY2024 As of Sep 30, 2024	Q2 FY2024 As of Jun 30, 2024	Q1 FY2024 As of Mar 31, 2024	Q4 FY2023 As of Dec 31, 2023	Q3 FY2023 As of Sep 30, 2023	Q2 FY2023 As of Jun 30, 2023	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021
Assets
Current Assets:
Cash and cash equivalents
Short-term investments
Restricted cash
Accounts receivable, net
Related Party
Total accounts receivable, net
Accounts receivable unbilled
Inventories
Contract assets
Prepaid expenses
Other current assets
Assets held for sale
Total Current Assets
Investments held in Trust Account

Property and equipment, net
Operating lease right-of-use assets, net
Other assets
Goodwill
Intangible assets, net
Total Assets
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable
Related Party
Total accounts payable
Accrued liabilities
Accrued expenses - related party
Franchise tax payable
Accrued offering costs
Contract liability
Operating lease liabilities - current
Notes payable - current
Notes payable - current
Notes payable, related parties - current
Notes payable - current, fair value option
November 2024 Debentures - current, fair value option (related party)
Senior Secured Convertible Term Loan - current, net of discount
Related Party
Nonrelated Party
Other creditors
Series A Preferred Stock
Series B Preferred Stock
Series C Preferred Stock
Total other creditors
Other liabilities
Total Current Liabilities

Warrant liabilities
Warrant liabilities
Operating lease liabilities - long-term
Notes payable - long-term, net of discount
Related Party
Nonrelated Party
Total notes payable - long-term, net of discount
Notes payable - long-term, fair value option
November 2024 Debentures - long-term, fair value option (related party)
Senior Secured Convertible Term Loan - long-term, net of discount
Related Party
Nonrelated Party
Other liabilities
Derivative liability
Total Liabilities
Common stock subject to possible redemption, $0.0001 par value; 17,250,000 shares issued and outstanding; Redemption value $10.11 and $10.10 at June 30, 2022 and December 31, 2021, respectively
Stockholders’ Equity:
Convertible Preferred Stock
Series A Preferred Stock
Series B Preferred Stock
Series C Preferred Stock
Total convertible Preferred Stock
Series A preferred stock, $0.01 par value; 0 and 334,800 shares, respectively, issued, and outstanding
Series B preferred stock, $0.01 par value; 0 and 725,426 shares, respectively, issued, and outstanding
Common stock, $0.0001 par value; 625,000,000 shares authorized and 6,871,706 and 3,601,400 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively.*
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Total Stockholders’ Equity

Total Liabilities and Stockholders’ Equity
Preferred stock, number of shares authorized (in shares)
Series A Preferred Stock
Series B Preferred Stock
Series C Preferred Stock
Total preferred stock, number of shares authorized (in shares)

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