2022 Q4 Form 10-Q Financial Statement
#000121390022072336 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
Revenue | $3.230M | $2.982M | $0.00 |
YoY Change | |||
Cost Of Revenue | $3.640M | $3.781M | |
YoY Change | 161.32% | ||
Gross Profit | -$420.0K | -$799.6K | |
YoY Change | -44.74% | ||
Gross Profit Margin | -13.0% | -26.82% | |
Selling, General & Admin | $6.280M | $4.860M | $73.17K |
YoY Change | 8482.75% | 20124.72% | |
% of Gross Profit | |||
Research & Development | $280.0K | $243.0K | |
YoY Change | -67.23% | ||
% of Gross Profit | |||
Depreciation & Amortization | $150.0K | $370.0K | |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $6.710M | $243.0K | $857.7K |
YoY Change | 682.31% | -44.88% | |
Operating Profit | -$7.130M | -$6.046M | |
YoY Change | 463.19% | ||
Interest Expense | -$660.0K | $1.402M | $4.701M |
YoY Change | -114.04% | -138.75% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$440.0K | -$37.84K | $0.00 |
YoY Change | -90.04% | ||
Pretax Income | -$8.220M | -$13.18M | $3.843M |
YoY Change | -313.88% | 196.94% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$8.223M | -$6.084M | $3.843M |
YoY Change | -313.96% | 37.06% | |
Net Earnings / Revenue | -254.59% | -204.04% | |
Basic Earnings Per Share | -$0.67 | ||
Diluted Earnings Per Share | -$0.21 | -$0.67 | $176.2K |
COMMON SHARES | |||
Basic Shares Outstanding | 47.25M shares | 6.096M shares | |
Diluted Shares Outstanding | 16.54M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $22.70M | $35.90M | $174.7M |
YoY Change | -87.01% | 4450.01% | |
Cash & Equivalents | $17.79M | $35.93M | $518.9K |
Short-Term Investments | $5.000M | $174.2M | |
Other Short-Term Assets | $2.710M | $2.496M | $73.87K |
YoY Change | 3568.65% | 327.5% | |
Inventory | $6.667M | $5.559M | |
Prepaid Expenses | $2.393M | $2.598M | $73.87K |
Receivables | $1.622M | $637.4K | $794.1K |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $36.96M | $47.95M | $592.8K |
YoY Change | 6135.65% | 3393.12% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $15.17M | $9.646M | $1.437M |
YoY Change | 955.26% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $155.5K | $77.89K | $174.2M |
YoY Change | -99.91% | -99.96% | |
Total Long-Term Assets | $15.64M | $10.09M | $174.2M |
YoY Change | -91.02% | -94.21% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $36.96M | $47.95M | $592.8K |
Total Long-Term Assets | $15.64M | $10.09M | $174.2M |
Total Assets | $52.60M | $58.05M | $174.8M |
YoY Change | -69.91% | -66.94% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $324.5K | $2.787M | $153.6K |
YoY Change | 111.25% | 3635.81% | |
Accrued Expenses | $3.143M | $1.172M | $29.50K |
YoY Change | 10554.16% | 644.67% | |
Deferred Revenue | $373.8K | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $13.25M | ||
YoY Change | |||
Total Short-Term Liabilities | $3.878M | $4.358M | $333.6K |
YoY Change | 1062.24% | 1602.62% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $15.92M | $20.43M | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $32.40M | $7.973M | |
YoY Change | 155.71% | ||
Total Long-Term Liabilities | $15.92M | $20.43M | $7.973M |
YoY Change | 99.69% | 61.22% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.878M | $4.358M | $333.6K |
Total Long-Term Liabilities | $15.92M | $20.43M | $7.973M |
Total Liabilities | $52.58M | $29.11M | $8.307M |
YoY Change | 532.91% | 125.22% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$68.11M | -$52.79M | -$7.709M |
YoY Change | 783.44% | ||
Common Stock | $454.4K | $4.725K | $431.00 |
YoY Change | 105317.87% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $944.9K | ||
YoY Change | |||
Treasury Stock Shares | 271.6K shares | ||
Shareholders Equity | $27.82K | $28.93M | -$7.709M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $52.60M | $58.05M | $174.8M |
YoY Change | -69.91% | -66.94% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$8.223M | -$6.084M | $3.843M |
YoY Change | -313.96% | 37.06% | |
Depreciation, Depletion And Amortization | $150.0K | $370.0K | |
YoY Change | |||
Cash From Operating Activities | -$5.740M | -$30.78M | -$270.1K |
YoY Change | 2025.14% | 3898.91% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$12.40M | -$6.810M | $0.00 |
YoY Change | -96.09% | ||
Cash From Investing Activities | -$12.40M | -$6.810M | $0.00 |
YoY Change | -96.09% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 52.92M | 0.000 |
YoY Change | -69.89% | ||
NET CHANGE | |||
Cash From Operating Activities | -5.740M | -30.78M | -270.1K |
Cash From Investing Activities | -12.40M | -6.810M | 0.000 |
Cash From Financing Activities | 0.000 | 52.92M | 0.000 |
Net Change In Cash | -18.14M | 15.33M | -270.1K |
YoY Change | 6616.03% | 1906.52% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.740M | -$30.78M | -$270.1K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.4 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16535661 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9637962 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11983183 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9637962 | shares | |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-1428721 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
107794 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1519682 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2840609 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
100570 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1074911 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-3814950 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
117571 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1298122 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4995501 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-6611457 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
200157 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3504002 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-9915302 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
188657 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3356956 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-13083601 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
14548914 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
-669243 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
15566134 | usd |
CY2022Q3 | kitt |
Issuance Of Common Stock For Pipe Investment
IssuanceOfCommonStockForPIPEInvestment
|
31000000 | usd |
CY2022Q3 | kitt |
Equity Issuance Costs
EquityIssuanceCosts
|
-12582000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
235593 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6083670 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
28932127 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-12944628 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3892715 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
370306 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
263032 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
464780 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
624407 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
325935 | usd | |
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
-1129589 | usd | |
us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
145647 | usd | |
us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
177051 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
1578500 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-156786 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
991666 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5558996 | usd | |
us-gaap |
Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
|
-409431 | usd | |
us-gaap |
Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
|
296715 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
4817187 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
271597 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-9013681 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
738285 | usd | |
us-gaap |
Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
|
1482096 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
241819 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
269697 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-31534543 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4314491 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
6805648 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
597325 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
251421 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6805648 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-345904 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
2000000 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
10000000 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
17850333 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
14975351 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
361236 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1578500 | usd | |
kitt |
Proceeds From Reverse Recapitalization With Cleantech Acquisition Corp Net
ProceedsFromReverseRecapitalizationWithCleantechAcquisitionCorpNet
|
14947875 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
31000000 | usd | |
us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
35800000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
12582000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
53315542 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
11217264 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
6556869 | 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 |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
35928218 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9855049 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
2108819 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
21661 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1773082 | usd | |
kitt |
Conversion Of Convertible Debt And Accrued Interest Expense To Common Stock
ConversionOfConvertibleDebtAndAccruedInterestExpenseToCommonStock
|
14548914 | usd | |
kitt |
Conversion Of Series A Preferred Stock In Connection With Reverse Recapitalization
ConversionOfSeriesAPreferredStockInConnectionWithReverseRecapitalization
|
3348 | usd | |
kitt |
Conversion Of Series B Preferred Stock In Connections With Reverse Recapitalizationin Shares
ConversionOfSeriesBPreferredStockInConnectionsWithReverseRecapitalizationinShares
|
7254 | usd | |
kitt |
Private And Public Warrant Liabilities Assumed In Reverse Recapitalization
PrivateAndPublicWarrantLiabilitiesAssumedInReverseRecapitalization
|
5278145 | usd | |
CY2022Q3 | kitt |
Additional Share Of Common Stock
AdditionalShareOfCommonStock
|
7499993 | shares |
us-gaap |
Intercompany Agreements Description
IntercompanyAgreementsDescription
|
i.one-half of the Earnout Shares will be released if, within a 5-year period from closing date, the volume-weighted average price of our Common Stock equals or exceeds $15.00 per share over any 20 trading days within a 30-day trading period; ii.one-quarter of the Earnout Shares will be released if, within a 5-year period from closing date, the volume-weighted average price of our Common Stock equals or exceeds $17.50 per share over any 20 trading days within a 30-day trading period; and iii.one-quarter of the Earnout Shares will be released if, on or after December 31, 2022, within a 5-year period from closing date, the volume-weighted average price of our Common Stock equals or exceeds $20.00 per share over any 20 trading days within a 30-day trading period. | ||
CY2022Q3 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
3100000 | shares |
us-gaap |
Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
|
10 | ||
us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
31000000 | usd | |
CY2022Q3 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
36530320 | usd |
CY2022Q3 | us-gaap |
Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
|
14947875 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
30157 | usd |
CY2022Q3 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
14796942 | usd |
CY2022Q3 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
850333 | usd |
CY2022Q3 | us-gaap |
Temporary Equity Net Income
TemporaryEquityNetIncome
|
-669243 | usd |
CY2022Q3 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
14947875 | usd |
CY2022Q3 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
12582000 | usd |
CY2022Q3 | kitt |
Revenue Recognition
RevenueRecognition
|
7700000 | usd |
CY2021 | kitt |
Accounts Receivable Percentage
AccountsReceivablePercentage
|
0.86 | pure |
kitt |
Customer Percentage
CustomerPercentage
|
0.10 | pure | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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, (iii) valuation of stock-based compensation awards and (iv) the valuation of conversion options, warrants and earnouts. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> | ||
CY2022Q3 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
5558996 | usd |
CY2022Q3 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
265650 | usd |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
350857 | usd | |
CY2021Q3 | kitt |
Concentration Risk Percentage
ConcentrationRiskPercentage
|
0.99 | pure |
kitt |
Concentration Risk Percentage
ConcentrationRiskPercentage
|
0.96 | pure | |
kitt |
Total Balance Percentage
TotalBalancePercentage
|
0.96 | pure | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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"> </p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Recent Accounting Pronouncements – </i>In June 2016, the FASB issued ASU 2016-13, <i>Financial Instruments—Credit Losses</i>, which replaces the existing incurred loss impairment model with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. We adopted this standard on January 1, 2022. There was no impact from the adoption of this standard on our condensed consolidated financial statements.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There are no other new accounting pronouncements that are expected to have a material impact on our condensed consolidated financial statements.</p> | ||
CY2022Q3 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
2981610 | usd |
CY2021Q3 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
1973644 | usd |
us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
8207134 | usd | |
us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
3245713 | usd | |
CY2021Q2 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
126111 | usd |
CY2022Q3 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
378333 | usd |
us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
1153000 | usd | |
CY2021Q3 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
378333 | usd |
us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
378333 | usd | |
us-gaap |
Accounts Receivable Purchase
AccountsReceivablePurchase
|
637350 | usd | |
CY2021 | us-gaap |
Accounts Receivable Purchase
AccountsReceivablePurchase
|
794136 | usd |
CY2022Q3 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
17827 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
0 | usd |
CY2022Q3 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
0 | usd |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
17827 | usd | |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
0 | usd | |
us-gaap |
Contract With Customer Asset Sale
ContractWithCustomerAssetSale
|
409431 | usd | |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
306791 | usd |
CY2021 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
67000 | usd |
kitt |
Revenue Recognize
RevenueRecognize
|
65700000 | usd | |
us-gaap |
Proceeds From Customers
ProceedsFromCustomers
|
54200000 | usd | |
CY2022Q3 | kitt |
Contract Receivable Retainages Due One To Two Years
ContractReceivableRetainagesDueOneToTwoYears
|
65.7 | usd |
CY2022Q3 | kitt |
Contract Receivable Retainages Due Two To Three Years
ContractReceivableRetainagesDueTwoToThreeYears
|
2.4 | usd |
CY2022Q3 | kitt |
Contract Receivable Retainages Due Three To Four Years
ContractReceivableRetainagesDueThreeToFourYears
|
31.1 | usd |
CY2022Q3 | kitt |
Contract Receivable Retainages Due Four To Five Years
ContractReceivableRetainagesDueFourToFiveYears
|
18.7 | usd |
CY2022Q3 | kitt |
Contract Receivable Retainages Due Five Years Or More
ContractReceivableRetainagesDueFiveYearsOrMore
|
13.5 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1863199 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1492892 | usd |
CY2022Q3 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
7569324 | usd |
CY2021Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
150220 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
9645735 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
1437311 | usd |
kitt |
Convertible Secured Debentures
ConvertibleSecuredDebentures
|
36530320 | usd | |
CY2021Q4 | us-gaap |
Long Term Construction Loan Current
LongTermConstructionLoanCurrent
|
14708333 | usd |
CY2022Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
36530320 | usd |
CY2021Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
27958333 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
-16102508 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
13250000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
20427812 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
14708333 | usd |
kitt |
Business Combination Description
BusinessCombinationDescription
|
(i) an aggregate of 5,299,546 shares of Common Stock and (ii) a pro-rata number of the total Earnout Shares in the Business Combination. | ||
CY2022Q3 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
36530320 | usd |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
2922425 | shares | |
kitt |
Inclusive Proceeds
InclusiveProceeds
|
35800000 | usd | |
CY2022Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.02 | pure |
kitt |
Fair Value Debenture Warrants
FairValueDebentureWarrants
|
15566134 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
16296454 | usd | |
us-gaap |
Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
|
193946 | usd | |
us-gaap |
Debt Instrument Interest Rate Basis For Effective Rate
DebtInstrumentInterestRateBasisForEffectiveRate
|
15.9% | ||
kitt |
The Debentures Converted Description
TheDebenturesConvertedDescription
|
The Debentures may be converted at the holders’ option at 120% of the principal amount at a conversion price of $15.00 or 2,922,425 shares of Common Stock. The conversion price may be adjusted downward for certain events including the issuance by the Company of dilutive instruments below the current conversion price. Interest accrues on the outstanding principal amount of the Debentures at 5% per annum, payable quarterly. | ||
kitt |
Exercisable Initially Par Share
ExercisableInitiallyParShare
|
20 | ||
CY2021Q4 | kitt |
Term Loan Credit Agreement
TermLoanCreditAgreement
|
On December 16, 2021, we entered into a Term Loan Credit Agreement with RCB Equities #1, LLC (“RCB”) in the amount of $15,000,000 to provide funds for the Company’s working capital and general corporate purposes. The note bore interest at 13% per annum and was payable in 18 monthly installments of interest only through its maturity date of June 16, 2023. A 2% commitment fee totaling $300,000 was paid upon loan inception and reported as a debt discount. There was also a 5% exit fee, accrued over the note term, totaling $750,000. | |
CY2022Q3 | kitt |
Additional Borrowing
AdditionalBorrowing
|
2000000 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Fee
DebtInstrumentFee
|
$33,000 | |
CY2022Q3 | us-gaap |
Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
|
100000 | usd |
kitt |
Matures Date
MaturesDate
|
2024-04-30 | ||
kitt |
Discount Interest Rate
DiscountInterestRate
|
0.08 | pure | |
CY2022Q3 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.08 | pure |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
66869 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
96375 | usd |
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
71871 | usd |
CY2021Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
67692 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
208506 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
206924 | usd | |
CY2022Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
44508 | usd |
CY2021Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
44508 | usd |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
133524 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
136310 | usd | |
CY2022Q3 | us-gaap |
Lease Cost
LeaseCost
|
116379 | usd |
CY2021Q3 | us-gaap |
Lease Cost
LeaseCost
|
112200 | usd |
us-gaap |
Lease Cost
LeaseCost
|
342030 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
343234 | usd | |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
47250771 | shares |
CY2022Q3 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
6619490 | shares |
CY2022Q3 | us-gaap |
Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
|
950000 | shares |
CY2022Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
3100000 | shares |
CY2022Q3 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
10 | |
CY2022Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
31000000 | usd |
CY2022Q3 | us-gaap |
Shares Issued
SharesIssued
|
7499993 | shares |
us-gaap |
Assets Fair Value Adjustment
AssetsFairValueAdjustment
|
4957366 | usd | |
kitt |
Private Warrants Shares
PrivateWarrantsShares
|
8625000 | shares | |
us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.01 | ||
kitt |
Common Stock Exceeds Price
CommonStockExceedsPrice
|
16.5 | ||
kitt |
Warrant Liability
WarrantLiability
|
2242500 | usd | |
CY2022Q3 | us-gaap |
Other Expenses
OtherExpenses
|
603750 | usd |
us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
11.5 | ||
kitt |
Private Warrants Description
PrivateWarrantsDescription
|
The Private Warrants, which are accounted for as liabilities in our condensed consolidated balance sheets, were valued as of September 30, 2022 at $1,906,057 based on their publicly-traded price. The fair value of the Private Warrants was estimated using a Black-Scholes option pricing model using the following assumptions: stock price of $3.61, no assumed dividends, a risk-free rate of 4.06% and implied volatility of 36.7%. The change in value of the Private Warrants during the three months ended September 30, 2022 totaled $(525,839) and was reported with other (income) expense in our condensed consolidated statements of operations. | ||
us-gaap |
Stockholders Equity Other Shares
StockholdersEquityOtherShares
|
4162044 | shares | |
kitt |
Business Combination Shares
BusinessCombinationShares
|
279464 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecrease
|
3970266 | shares | |
kitt |
Continuous Service Percentage
ContinuousServicePercentage
|
0.25 | pure | |
CY2022Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
235593 | usd |
us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
624407 | usd | |
CY2021Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
117571 | usd |
us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
325935 | usd | |
CY2022Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1584941 | usd |
us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P2Y9M14D | ||
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
2345559 | shares |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.77 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y7M2D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1049180 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.99 | ||
kitt |
Weighted Average Exercise Price Granted
WeightedAverageExercisePriceGranted
|
P1Y11M8D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
34807 | shares | |
kitt |
Weighted Average Grant Date Fair Value Cancelled
WeightedAverageGrantDateFairValueCancelled
|
0.85 | ||
kitt |
Weighted Average Exercise Price Cancelled
WeightedAverageExercisePriceCancelled
|
P1Y9M7D | ||
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
3359932 | shares |
kitt |
Weighted Average Grant Date Fair Value Outstanding Ending Balance
WeightedAverageGrantDateFairValueOutstandingEndingBalance
|
0.83 | ||
kitt |
Weighted Average Exercise Price Outstanding Ending Balance
WeightedAverageExercisePriceOutstandingEndingBalance
|
P1Y8M12D | ||
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
3949158 | shares |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.91 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y10M2D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
166927 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.31 | ||
kitt |
Weighted Average Exercise Price Granted
WeightedAverageExercisePriceGranted
|
P2Y6M | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
174817 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
|
1.03 | ||
kitt |
Weighted Average Exercise Price Forfeited
WeightedAverageExercisePriceForfeited
|
P2Y3M | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
7103 | shares | |
kitt |
Weighted Average Grant Date Fair Value Cancelled
WeightedAverageGrantDateFairValueCancelled
|
0.78 | ||
kitt |
Weighted Average Exercise Price Cancelled
WeightedAverageExercisePriceCancelled
|
P1Y11M8D | ||
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
3934165 | shares |
kitt |
Weighted Average Grant Date Fair Value Outstanding Ending Balance
WeightedAverageGrantDateFairValueOutstandingEndingBalance
|
0.87 | ||
kitt |
Weighted Average Exercise Price Outstanding Ending Balance
WeightedAverageExercisePriceOutstandingEndingBalance
|
P1Y10M9D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y6M | ||
CY2022Q3 | us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
17000 | usd |
us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
210400 | usd | |
CY2021Q3 | us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
176113 | usd |
us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
446619 | usd | |
CY2021Q3 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
7400 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
0 | usd |
CY2022Q3 | kitt |
Warrants
Warrants
|
18722425 | shares |
kitt |
Warrants
Warrants
|
18722425 | shares | |
kitt |
Investment And Securities Description
InvestmentAndSecuritiesDescription
|
(i) $2,500,000 from related party Material Impact Fund II, L.P. as their contribution to the PIPE Investment, (ii) $7,500,000 from related party Schlumberger Technology Corporation as their contribution to the PIPE Investment, (iii) $7,500,000 from related party Transocean Ltd. as their contribution to the PIPE Investment, and (iv) $5,102,000 from related party Material Impact Fund II, L.P. pursuant to the Securities Purchase | ||
CY2022Q3 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
-6083670 | usd |
CY2021Q3 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
-1298122 | usd |
us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
-12944628 | usd | |
us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
-3892715 | usd | |
CY2022Q3 | kitt |
Deemed Dividend For Earnout Shares
DeemedDividendForEarnoutShares
|
-4957366 | shares |
kitt |
Deemed Dividend For Earnout Shares
DeemedDividendForEarnoutShares
|
-4957366 | shares | |
CY2022Q3 | us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
|
-11041036 | usd |
CY2021Q3 | us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
|
-1298122 | usd |
us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
|
-17901994 | usd | |
us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
|
-3892715 | usd | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16535661 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9637962 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11983183 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9637962 | shares | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.67 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.49 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.4 | ||
CY2022Q3 | kitt |
Stock Options
StockOptions
|
3934165 | shares |
CY2021Q3 | kitt |
Stock Options
StockOptions
|
3359932 | shares |
kitt |
Stock Options
StockOptions
|
3934165 | shares | |
kitt |
Stock Options
StockOptions
|
3359932 | shares | |
CY2022Q3 | kitt |
Earnout Sharesin Shares
EarnoutSharesinShares
|
7499993 | shares |
kitt |
Earnout Sharesin Shares
EarnoutSharesinShares
|
7499993 | shares | |
CY2022Q3 | kitt |
Debentures Shares
DebenturesShares
|
2922425 | shares |
kitt |
Debentures Shares
DebenturesShares
|
2922425 | shares | |
CY2022Q3 | kitt |
Total Shares
TotalShares
|
33079008 | shares |
CY2021Q3 | kitt |
Total Shares
TotalShares
|
3359932 | shares |
kitt |
Total Shares
TotalShares
|
33079008 | shares | |
kitt |
Total Shares
TotalShares
|
3359932 | shares | |
CY2022Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | ||
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.13 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.40 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.67 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.49 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11983183 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16535661 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9637962 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9637962 | shares | |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
usd | ||
kitt |
Proceeds From Reverse Recapitalization With Cleantech Acquisition Corp Net
ProceedsFromReverseRecapitalizationWithCleantechAcquisitionCorpNet
|
usd | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
CY2021Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
usd | |
CY2021 | kitt |
Convertible Secured Debentures
ConvertibleSecuredDebentures
|
usd | |
CY2022Q3 | us-gaap |
Long Term Construction Loan Current
LongTermConstructionLoanCurrent
|
usd | |
CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
usd | |
CY2022Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
usd | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
11983183 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
16535661 | shares |
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
CY2021Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
9637962 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
9637962 | shares | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.13 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.40 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.67 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.49 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001849820 |