2022 Q2 Form 8-K Financial Statement
#000121390022056286 Filed on September 15, 2022
Income Statement
Concept | 2022 Q2 | 2021 Q4 | 2021 Q2 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | $2.540M | $1.463M | |
YoY Change | 73.58% | ||
Gross Profit | -$2.540M | -$1.463M | |
YoY Change | 73.58% | ||
Gross Profit Margin | |||
Selling, General & Admin | $76.03K | $73.17K | $0.00 |
YoY Change | |||
% of Gross Profit | |||
Research & Development | $583.9K | $466.8K | |
YoY Change | 25.07% | ||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $1.522M | $857.7K | $0.00 |
YoY Change | |||
Operating Profit | -$1.522M | ||
YoY Change | |||
Interest Expense | $739.0K | $4.701M | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$834.4K | $0.00 | $609.9K |
YoY Change | -236.8% | ||
Pretax Income | -$783.5K | $3.843M | |
YoY Change | |||
Income Tax | $12.36K | ||
% Of Pretax Income | |||
Net Earnings | -$795.8K | $3.843M | |
YoY Change | |||
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.04 | $0.00 | |
Diluted Earnings Per Share | -$0.04 | $176.2K | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 21.56M shares | 3.750M shares | |
Diluted Shares Outstanding | 21.56M shares | 3.750M shares |
Balance Sheet
Concept | 2022 Q2 | 2021 Q4 | 2021 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $174.7M | $174.7M | $25.00K |
YoY Change | 698524.11% | ||
Cash & Equivalents | $172.8K | $518.9K | $25.00K |
Short-Term Investments | $174.5M | $174.2M | |
Other Short-Term Assets | $30.16K | $73.87K | |
YoY Change | |||
Inventory | $2.380M | ||
Prepaid Expenses | $30.16K | $73.87K | |
Receivables | $1.605M | $794.1K | |
Other Receivables | |||
Total Short-Term Assets | $202.9K | $592.8K | $25.00K |
YoY Change | 711.77% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.238M | $1.437M | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $174.5M | $174.2M | $221.9K |
YoY Change | 78524.39% | ||
Total Long-Term Assets | $174.5M | $174.2M | $221.9K |
YoY Change | 78524.39% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $202.9K | $592.8K | $25.00K |
Total Long-Term Assets | $174.5M | $174.2M | $221.9K |
Total Assets | $174.7M | $174.8M | $246.9K |
YoY Change | 70646.07% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $325.4K | $153.6K | |
YoY Change | |||
Accrued Expenses | $1.019M | $29.50K | $40.07K |
YoY Change | 2443.0% | ||
Deferred Revenue | $373.8K | ||
YoY Change | |||
Short-Term Debt | $400.3K | $0.00 | $182.9K |
YoY Change | 118.93% | ||
Long-Term Debt Due | $13.25M | ||
YoY Change | |||
Total Short-Term Liabilities | $1.958M | $333.6K | $222.9K |
YoY Change | 778.36% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $5.056M | $7.973M | |
YoY Change | |||
Total Long-Term Liabilities | $5.056M | $7.973M | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.958M | $333.6K | $222.9K |
Total Long-Term Liabilities | $5.056M | $7.973M | $0.00 |
Total Liabilities | $7.014M | $8.307M | $222.9K |
YoY Change | 3046.43% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$6.699M | -$7.709M | |
YoY Change | |||
Common Stock | $431.00 | $431.00 | $431.00 |
YoY Change | 0.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $944.9K | $944.9K | |
YoY Change | |||
Treasury Stock Shares | 271.6K shares | 271.6K shares | |
Shareholders Equity | -$6.699M | -$7.709M | $24.00K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $174.7M | $174.8M | $246.9K |
YoY Change | 70646.07% |
Cashflow Statement
Concept | 2022 Q2 | 2021 Q4 | 2021 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$795.8K | $3.843M | |
YoY Change | |||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$256.9K | -$270.1K | $0.00 |
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | $0.00 | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 133.3K | 0.000 | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -256.9K | -270.1K | 0.000 |
Cash From Investing Activities | 0.000 | ||
Cash From Financing Activities | 133.3K | 0.000 | |
Net Change In Cash | -123.6K | -270.1K | 0.000 |
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$256.9K | -$270.1K | $0.00 |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
9800 | shares | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
16.55 | ||
dei |
Document Type
DocumentType
|
8-K | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Nauticus Robotics, Inc. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity File Number
EntityFileNumber
|
001-40611 | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
85-1699753 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
17146 Feathercraft Lane | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 450 | ||
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EntityAddressCityOrTown
|
Webster | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
TX | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
77598 | ||
dei |
City Area Code
CityAreaCode
|
(281) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
942-9069 | ||
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Written Communications
WrittenCommunications
|
false | ||
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Soliciting Material
SolicitingMaterial
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false | ||
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Pre Commencement Tender Offer
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false | ||
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Pre Commencement Issuer Tender Offer
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false | ||
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Security12b Title
Security12bTitle
|
Common Stock | ||
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Trading Symbol
TradingSymbol
|
KITT | ||
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Security Exchange Name
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|
NASDAQ | ||
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|
true | ||
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false | ||
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Document Period End Date
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|
2022-06-30 | ||
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|
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|
-1.58 | |
us-gaap |
Earnings Per Share Basic
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|
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Earnings Per Share Basic
EarningsPerShareBasic
|
-3.82 | ||
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Earnings Per Share Diluted
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|
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Earnings Per Share Diluted
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|
-1.58 | |
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|
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|
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CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
680600 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
678400 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
680600 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
678400 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
680600 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
678400 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
680600 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
678400 | shares | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1428721 | usd |
CY2021Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
107794 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1519682 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2840609 | usd |
CY2021Q2 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
100570 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1074911 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-3814950 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6611457 | usd |
CY2022Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
200157 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3504002 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-9915302 | usd |
CY2022Q2 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
188657 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3356956 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-13083601 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6860958 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2594593 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
228405 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
174501 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
388814 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
208364 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
347106 | usd | |
claqu |
Noncash Impact Of Lease Accounting
NoncashImpactOfLeaseAccounting
|
88212 | usd | |
claqu |
Noncash Impact Of Lease Accounting
NoncashImpactOfLeaseAccounting
|
79961 | usd | |
claqu |
Other Income Ppp Loan
OtherIncomePPPLoan
|
1578500 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
811016 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-54908 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2380429 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
60585 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
226414 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1360086 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-180346 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1039296 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
315312 | usd | |
us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
-373791 | usd | |
us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
-285156 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
155382 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
140786 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-9910414 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3812057 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3080199 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3008 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3080199 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3008 | usd | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
1578500 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
5000000 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
239244 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6339256 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-12990613 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
2524191 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20952867 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3298180 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7962254 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5822371 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
761189 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
49133 | usd | |
claqu |
Additions Of Property And Equipment Included In Accounts Payable
AdditionsOfPropertyAndEquipmentIncludedInAccountsPayable
|
1949142 | usd | |
us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
19457103 | usd | |
CY2021Q4 | claqu |
Aggregate Purchase Prices
AggregatePurchasePrices
|
54200000 | usd |
CY2021Q4 | us-gaap |
Other Investments
OtherInvestments
|
260000000 | usd |
CY2021Q4 | us-gaap |
Cash Available For Distributions
CashAvailableForDistributions
|
50000000 | usd |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><i>Reclassifications</i> — Financial statements presented for prior periods include reclassifications that were made to conform to the current-period presentation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><i> </i></p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><i>Use of Estimates </i>— The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the (i) estimates of future costs to complete customer contracts recognized over time, (ii) valuation allowances for deferred income tax assets, and (iii) valuation of stock-based compensation award. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><i> </i></p> | ||
CY2022Q2 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
520274 | usd |
CY2022Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1860155 | usd |
CY2022Q2 | us-gaap |
Inventory Gross
InventoryGross
|
2380429 | usd |
CY2021Q4 | us-gaap |
Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases
LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
|
15000000 | usd |
CY2021Q4 | us-gaap |
Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
|
0.13 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Maturity Date
LongTermDebtMaturityDate
|
2023-06-16 | |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
2989559 | usd |
CY2021Q2 | us-gaap |
Revenues
Revenues
|
969326 | usd |
us-gaap |
Revenues
Revenues
|
5225524 | usd | |
us-gaap |
Revenues
Revenues
|
1272069 | usd | |
claqu |
Vehicle Lease By Periods
vehicleLeaseByPeriods
|
P18M | ||
CY2022Q2 | us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
378333 | usd |
us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
756667 | usd | |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
138375 | usd | |
CY2022Q2 | claqu |
Operating Leases Future Minimum Payments Receivable Twelve Month
OperatingLeasesFutureMinimumPaymentsReceivableTwelveMonth
|
756667 | usd |
CY2022Q2 | claqu |
Operating Leases Future Minimum Payment Receivable
OperatingLeasesFutureMinimumPaymentReceivable
|
756667 | usd |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
61700000 | usd |
CY2021Q4 | us-gaap |
Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
|
0.02 | pure |
CY2021Q4 | us-gaap |
Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
|
300000 | usd |
claqu |
Exit Fee Percentage
ExitFeePercentage
|
0.05 | pure | |
claqu |
Exit Fee Amount
ExitFeeAmount
|
750000 | usd | |
us-gaap |
Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
|
14808179 | usd | |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
61700000 | usd |
CY2022Q2 | claqu |
Revenue Remaining Performance Obligation Due Next Twelve Months
RevenueRemainingPerformanceObligationDueNextTwelveMonths
|
13400000 | usd |
CY2022Q2 | claqu |
Revenue Remaining Performance Obligation Due Year Two
RevenueRemainingPerformanceObligationDueYearTwo
|
21200000 | usd |
CY2022Q2 | claqu |
Revenue Remaining Performance Obligation Due Year Three
RevenueRemainingPerformanceObligationDueYearThree
|
13600000 | usd |
CY2022Q2 | claqu |
Revenue Remaining Performance Obligation Due Year Four
RevenueRemainingPerformanceObligationDueYearFour
|
13500000 | usd |
CY2022Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
1605152 | usd |
CY2021Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
794136 | usd |
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
17827 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
0 | usd |
CY2022Q2 | us-gaap |
Other Expenses
OtherExpenses
|
0 | usd |
us-gaap |
Other Expenses
OtherExpenses
|
17827 | usd | |
CY2022Q2 | us-gaap |
Other Assets
OtherAssets
|
60585 | usd |
CY2021 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
306791 | usd |
CY2021 | claqu |
Contract Completion Obligations
ContractCompletionObligations
|
67000 | usd |
CY2022Q2 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
913614 | usd |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
1754908 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
1669701 | usd | |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
85207 | usd | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><i>Major Customer and Concentration of Credit Risk<b> </b></i>— The Company has a limited number of customers. During the three months and six months ended June 30, 2022, sales to one customer accounted for 84% and 89% of total revenue, respectively. The total balance due from this customer as of June 30, 2022, made up 80% of accounts receivable. During the three months ended June 30, 2021, sales to two customers accounted for 82% and 18% of total revenue, respectively. During the six months ended June 30, 2021, sales to two customers accounted for 75% and 25% of total revenue, respectively. The total balances due from these customers as of December 31, 2021, made up 86% of accounts receivable. No other customer represented more than 10% of revenue in either six or three month period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><i> </i></p> | ||
us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
0.177 | pure | |
CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1855864 | usd |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P25M | ||
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
7959544 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2930203 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1721297 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1492892 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6238247 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1437311 | usd |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
138602 | usd | |
CY2022Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
43008 | usd |
CY2021Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
47294 | usd |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
89016 | usd | |
CY2022Q2 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
28058179 | usd |
CY2021Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
27958333 | usd |
CY2022Q2 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
25058179 | usd |
CY2021Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
10250000 | usd |
CY2022Q2 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
3000000 | usd |
CY2021Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
3000000 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
14708333 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.08 | pure |
CY2022Q2 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
190650 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Interest Bearing Interest Rate
AccountsPayableInterestBearingInterestRate
|
0.08 | pure |
CY2022Q2 | us-gaap |
Loans Held For Sale Maturity Date
LoansHeldForSaleMaturityDate
|
2024-04-30 | |
us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
76879 | usd | |
CY2021 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
96375 | usd |
CY2022Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
69190 | usd |
CY2021Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
71106 | usd |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
136881 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
91802 | usd | |
CY2022Q2 | us-gaap |
Lease Cost
LeaseCost
|
112198 | usd |
CY2021Q2 | us-gaap |
Lease Cost
LeaseCost
|
118400 | usd |
us-gaap |
Lease Cost
LeaseCost
|
225897 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
230404 | usd | |
CY2022Q1 | claqu |
Nonrefundable Retainer
NonrefundableRetainer
|
350000 | usd |
CY2022Q1 | claqu |
Advisory Fee
AdvisoryFee
|
1750000 | usd |
claqu |
Percentage Of Total Economics
PercentageOfTotalEconomics
|
0.35 | pure | |
CY2022Q2 | us-gaap |
Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
|
7600000 | usd |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
680600 | shares |
us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
8180 | shares | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
|
0.25 | pure | |
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
188657 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
388814 | usd | |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
100571 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
208364 | usd | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
165100 | shares |
CY2020Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
10.9 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
22.63 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
750 | shares | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
13.26 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
27.57 | ||
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
164350 | shares |
CY2021Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
10.88 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
24.08 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
277848 | shares |
CY2021Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
12.99 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
24.75 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
11750 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
18.6 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
35.32 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
32.23 | ||
claqu |
Share Based Compensation Arrangement By Share Based Payment Award Options Shares Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSharesCancelled
|
500 | shares | |
claqu |
Share Based Compensation Arrangements By Share Based Payment Award Weighted Average Grant Date Fair Value Cancelled
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWeightedAverageGrantDateFairValueCancelled
|
11.07 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
27.57 | ||
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
279298 | shares |
CY2022Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
12.39 | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
26.29 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y11M26D | ||
CY2020 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
1500000 | usd |
CY2022Q2 | us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
0 | usd |
us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
193400 | usd | |
CY2021Q2 | us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
176113 | usd |
us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
317378 | usd | |
CY2022Q2 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
193400 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
0 | usd |
claqu |
Other Income Ppp Loan
OtherIncomePPPLoan
|
usd | ||
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3356956 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1074911 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-6860958 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2594593 | usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
680600 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
678400 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
680600 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
678400 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
680600 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
678400 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
680600 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
678400 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-4.93 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.58 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-10.08 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.82 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-4.93 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.58 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-10.08 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.82 | ||
claqu |
Diluted Earning Per Share
DilutedEarningPerShare
|
279298 | shares | |
claqu |
Diluted Earning Per Share
DilutedEarningPerShare
|
164350 | shares | |
CY2022Q1 | claqu |
Advisory Fee
AdvisoryFee
|
1750000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Fee Amount
DebtInstrumentFeeAmount
|
100000 | usd |
claqu |
Estimated Revenue
EstimatedRevenue
|
7700000 | usd | |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
usd | |
CY2022Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
usd | |
CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
usd | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
usd | ||
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
usd | ||
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
usd | ||
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
usd | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
claqu |
Additions Of Property And Equipment Included In Accounts Payable
AdditionsOfPropertyAndEquipmentIncludedInAccountsPayable
|
usd | ||
CY2021Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
usd | |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
usd | |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
usd | |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
usd | |
CY2021Q4 | us-gaap |
Inventory Gross
InventoryGross
|
usd | |
CY2022Q2 | claqu |
Operating Lease Future Minimum Payments Receivable Thereafter
OperatingLeaseFutureMinimumPaymentsReceivableThereafter
|
usd | |
CY2022Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
usd | |
CY2022Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
usd | |
CY2021Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
usd | |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
usd | ||
us-gaap |
Dilutive Securities
DilutiveSecurities
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001849820 |