$KITT Cashflow Statement | Understand Stock

$KITT

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

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Cash flows used in operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
Amortization of debt issuance cost
Capitalized paid-in-kind (PIK) interest
Accretion of exit fee
Stock-based compensation
Loss on exchange of warrants
Change in fair value of warrant liabilities

Prepaid expenses
Change in fair value of debentures
New Convertible Secured Debentures
November 2024 Debentures
Total change in fair value of debentures
Loss on extinguishment of debt
Induced conversion expense
Non-cash lease expense
Other income - Paycheck Protection Program Loan forgiveness
Interest expense assumed into Convertible Senior Secured Term Loan
Convertible Senior Secured Term Loan
Total interest expense assumed into Convertible Senior Secured Term Loan
Impairment of property and equipment
Settlement of liquidated damages with Common Stock
Loss on disposal of assets
Loss on lease termination
Gain on short-term investments
Change in fair value of warrant liabilities
Inventory write-off
Other notes payable adjustments
Changes in operating assets and liabilities:
Accounts receivable
Inventories
Contract assets
Prepaid expenses and other assets
Other assets
Accounts payable and accrued liabilities
Franchise tax payable
Contract liabilities
Accrued expenses
Operating lease liabilities
Other liabilities

Net cash used in operating activities

Cash flows from (used in) investing activities:
Investment of cash in Trust Account
Capital expenditures
Acquisition of business, net of cash acquired
Proceeds from sale of assets held for sale
Proceeds from sale of property and equipment
Proceeds from sale of short-term investments
Purchase of short-term investments
Net cash from (used in) investing activities

Cash flows from financing activities:
Repayment of promissory note - related party
Payment to related party for cancellation of Founder Shares
Proceeds from initial public offering, net of underwriter’s discount paid
Proceeds from Paycheck Protection Program Loan
Proceeds from notes payable
Payment of debt issuance costs on notes payable
Notes Payable to Banks
Total payment of debt issuance costs on notes payable
Proceeds from November 2024 Debentures
Proceeds from At the Market (ATM) offering, net
Proceeds from issuance of debentures and SPA Warrants, net of discount
Payment of ATM commissions and fees
Proceeds from sale of Founder Shares
Proceeds from exercise of stock options
Issuance of Series B Preferred Stock
Repayment on Ameristate Loan
Proceeds from reverse recapitalization with CleanTech Acquisition Corp, net
Net cash from financing activities

Effect of changes in exchange rates on cash and cash equivalents
Net change in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash, beginning of year
Cash, cash equivalents and restricted cash, end of year
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for taxes
Non-cash investing and financing activities:
Conversion of Term Loan notes and interest to common stock
Conversion of convertible debt to Common Stock
Conversion of Series A preferred stock in connection with reverse recapitalization
Conversion of Series B preferred stock in connection with reverse recapitalization
Conversion of preferred stock in connection with reverser recapitalization
Series A Preferred Stock
Series B Preferred Stock
Private and Public Warrant Liabilities assumed in reverse recapitalization
Fair value of SPA warrants at issuance
Loan commitment fee
Issuance of Series B preferred stock
Preferred stock issued in exchange for convertible debt
Exchange of Convertible Secured Debentures to Series A Preferred Stock
Conversion of Series A Preferred Stock to Common Stock
Total preferred stock issued in exchange for convertible debt
Transfer from inventories to property and equipment
Transfer from property and equipment to assets held for sale
Capital expenditures included in accounts payable
Earnout shares for acquisition
Debt assumed in acquisition
Accrued purchase price
Preferred stock dividend
Deemed dividend
Exchange of convertible debt and accrued interest expense to preferred stock
Exercise of warrants
Liabilities relieved through sale of assets held for sale
Transfer from assets held for sale to property and equipment
Operating leases at inception

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