2023 Q3 Form 10-Q Financial Statement

#000121390023066523 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $1.594M $1.128M $0.00
YoY Change -46.54%
Cost Of Revenue $2.651M $1.901M $2.540M
YoY Change -29.88% -25.17% 73.58%
Gross Profit -$1.058M -$772.5K -$2.540M
YoY Change 32.25% -69.59% 73.58%
Gross Profit Margin -66.35% -68.48%
Selling, General & Admin $6.705M $5.560M $76.03K
YoY Change 37.96% 7212.9%
% of Gross Profit
Research & Development $275.2K $482.8K $583.9K
YoY Change 13.23% -17.32% 25.07%
% of Gross Profit
Depreciation & Amortization $157.0K $60.00K
YoY Change -57.55%
% of Gross Profit
Operating Expenses $275.2K $482.8K $1.522M
YoY Change 13.23% -68.29%
Operating Profit -$8.198M -$6.869M -$1.522M
YoY Change 35.6% 351.17%
Interest Expense -$957.4K -$1.540M $739.0K
YoY Change -168.29% -308.38%
% of Operating Profit
Other Income/Expense, Net -$9.480M $27.54M -$834.4K
YoY Change 24954.1% -3401.03% -236.8%
Pretax Income -$17.68M $20.67M -$783.5K
YoY Change 34.13% -2738.26%
Income Tax $12.36K
% Of Pretax Income
Net Earnings -$17.68M $20.67M -$795.8K
YoY Change 190.59% -2697.72%
Net Earnings / Revenue -1109.18% 1832.56%
Basic Earnings Per Share -$0.43 $0.52 -$0.04
Diluted Earnings Per Share -$0.43 $0.49 -$0.04
COMMON SHARES
Basic Shares Outstanding 49.82M shares 47.51M shares 21.56M shares
Diluted Shares Outstanding 41.16M shares 44.35M shares 21.56M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.772M $4.400M $174.7M
YoY Change -81.14% -97.48% 698524.11%
Cash & Equivalents $6.772M $4.353M $172.8K
Short-Term Investments $0.00 $0.00 $174.5M
Other Short-Term Assets $584.5K $53.61K $30.16K
YoY Change -76.58% 77.74%
Inventory $13.96M $12.54M $2.380M
Prepaid Expenses $5.126M $6.121M $30.16K
Receivables $997.4K $1.302M $1.605M
Other Receivables $0.00 $0.00
Total Short-Term Assets $27.87M $25.23M $202.9K
YoY Change -41.89% 12331.1% 711.77%
LONG-TERM ASSETS
Property, Plant & Equipment $26.28M $21.78M $6.238M
YoY Change 172.4% 249.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $104.9K $129.4K $174.5M
YoY Change 34.62% -99.93% 78524.39%
Total Long-Term Assets $28.47M $23.30M $174.5M
YoY Change 182.12% -86.65% 78524.39%
TOTAL ASSETS
Total Short-Term Assets $27.87M $25.23M $202.9K
Total Long-Term Assets $28.47M $23.30M $174.5M
Total Assets $56.34M $48.53M $174.7M
YoY Change -2.94% -72.22% 70646.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.713M $5.732M $325.4K
YoY Change 105.02% 1661.52%
Accrued Expenses $6.475M $7.310M $1.019M
YoY Change 452.65% 617.39% 2443.0%
Deferred Revenue $152.0K
YoY Change
Short-Term Debt $0.00 $0.00 $400.3K
YoY Change -100.0% 118.93%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.96M $13.57M $1.958M
YoY Change 197.29% 592.84% 778.36%
LONG-TERM LIABILITIES
Long-Term Debt $29.93M $17.80M $0.00
YoY Change 46.49%
Other Long-Term Liabilities $14.50M $5.847M $5.056M
YoY Change -55.24% 15.65%
Total Long-Term Liabilities $44.43M $23.65M $5.056M
YoY Change 117.49% 367.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.96M $13.57M $1.958M
Total Long-Term Liabilities $44.43M $23.65M $5.056M
Total Liabilities $59.01M $38.21M $7.014M
YoY Change 102.7% 444.71% 3046.43%
SHAREHOLDERS EQUITY
Retained Earnings -$79.25M -$61.57M -$6.699M
YoY Change 50.12% 819.08%
Common Stock $4.986K $4.789K $431.00
YoY Change 5.52% 1011.14% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $944.9K
YoY Change
Treasury Stock Shares 271.6K shares
Shareholders Equity -$2.676M $10.32M -$6.699M
YoY Change
Total Liabilities & Shareholders Equity $56.34M $48.53M $174.7M
YoY Change -2.94% -72.22% 70646.07%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$17.68M $20.67M -$795.8K
YoY Change 190.59% -2697.72%
Depreciation, Depletion And Amortization $157.0K $60.00K
YoY Change -57.55%
Cash From Operating Activities -$3.466M -$4.140M -$256.9K
YoY Change -88.74% 1511.33%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$4.646M -$4.610M
YoY Change -31.78%
Cash From Investing Activities -$4.646M -$4.610M
YoY Change -31.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.53M 620.0K 133.3K
YoY Change -80.11% 365.01%
NET CHANGE
Cash From Operating Activities -3.466M -4.140M -256.9K
Cash From Investing Activities -4.646M -4.610M
Cash From Financing Activities 10.53M 620.0K 133.3K
Net Change In Cash 2.414M -8.130M -123.6K
YoY Change -84.25% 6477.67%
FREE CASH FLOW
Cash From Operating Activities -$3.466M -$4.140M -$256.9K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Address City Or Town
EntityAddressCityOrTown
WEBSTER
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77598
dei City Area Code
CityAreaCode
(281)
dei Local Phone Number
LocalPhoneNumber
942-9069
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-40611
dei Entity Registrant Name
EntityRegistrantName
NAUTICUS ROBOTICS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
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
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
true
dei Entity Shell Company
EntityShellCompany
false
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
49820918 shares
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4353179 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17787159 usd
CY2023Q2 us-gaap Deposits Assets Current
DepositsAssetsCurrent
250375 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
250375 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
4959263 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1302494 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1622434 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
12536004 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
6666912 usd
CY2023Q2 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
611236 usd
CY2022Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
573895 usd
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6121038 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5046599 usd
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
53605 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
56410 usd
CY2023Q2 us-gaap Assets Current
AssetsCurrent
25227931 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
36963047 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21784483 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15167367 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1384779 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
317208 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
129370 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
155490 usd
CY2023Q2 us-gaap Assets
Assets
48526563 usd
CY2022Q4 us-gaap Assets
Assets
52603112 usd
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
5731767 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
324484 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7310051 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3142977 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
524279 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
410158 usd
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
13566097 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3877619 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5847057 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
32688342 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
992660 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
87214 usd
CY2023Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
17800494 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
15922118 usd
CY2023Q2 us-gaap Liabilities
Liabilities
38206308 usd
CY2022Q4 us-gaap Liabilities
Liabilities
52575293 usd
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
625000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
625000000 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
47894251 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
47250771 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47894251 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47250771 shares
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
4789 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
4725 usd
CY2023Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
71885793 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
68128196 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-61570327 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-68105102 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
10320255 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
27819 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
48526563 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
52603112 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1128115 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2796159 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3948395 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5032124 usd
CY2022Q2 kitt Service Related Party
ServiceRelatedParty
193400 usd
kitt Service Related Party
ServiceRelatedParty
500 usd
kitt Service Related Party
ServiceRelatedParty
193400 usd
CY2023Q2 us-gaap Revenues
Revenues
1128115 usd
CY2022Q2 us-gaap Revenues
Revenues
2989559 usd
us-gaap Revenues
Revenues
3948895 usd
us-gaap Revenues
Revenues
5225524 usd
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
1900602 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
2540062 usd
us-gaap Cost Of Revenue
CostOfRevenue
4832869 usd
us-gaap Cost Of Revenue
CostOfRevenue
4439223 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
53209 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
117086 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
326308 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
228405 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
482761 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
583870 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
709728 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1851282 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5560565 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2271138 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10773209 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3917179 usd
CY2023Q2 us-gaap Costs And Expenses
CostsAndExpenses
7997137 usd
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
5512156 usd
us-gaap Costs And Expenses
CostsAndExpenses
16642114 usd
us-gaap Costs And Expenses
CostsAndExpenses
10436089 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-6869022 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2522597 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-12693219 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-5210565 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-746 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9453 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1153127 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5241 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3908 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3908 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
17709 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
9848 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
27593 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-590266 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-590266 usd
CY2023Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-29668454 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-27431550 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1556597 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-853660 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6491664 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1655634 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
27542462 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-834359 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
19227994 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1650393 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
20673440 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-3356956 usd
us-gaap Net Income Loss
NetIncomeLoss
6534775 usd
us-gaap Net Income Loss
NetIncomeLoss
-6860958 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.71
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.71
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39963266 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9669217 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9669217 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39872864 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9669217 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44345319 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9669217 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40602678 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9669217 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-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
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
27819 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1214863 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
59189 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-14138665 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-12836794 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1862164 usd
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
283390 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
338055 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
20673440 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
10320255 usd
us-gaap Net Income Loss
NetIncomeLoss
6534775 usd
us-gaap Net Income Loss
NetIncomeLoss
-6860958 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
326308 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
228405 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1878376 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
347106 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3077027 usd
us-gaap Share Based Compensation
ShareBasedCompensation
388814 usd
us-gaap Extinguishment Of Debt Gain Loss Income Tax
ExtinguishmentOfDebtGainLossIncomeTax
590266 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-27431550 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
145253 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
88212 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-319940 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
811016 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5869092 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2380429 usd
us-gaap Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
37341 usd
us-gaap Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
60585 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1045514 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1360086 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8733185 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1039296 usd
us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
-373791 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
193257 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
155382 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12971624 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9910414 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
6102253 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
3080199 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
4959263 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1142990 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3080199 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
342579 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
338055 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
680634 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13433980 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12990613 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17787159 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20952867 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4353179 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7962254 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
908184 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
761189 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
841171 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1949142 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1212824 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1212824 usd
kitt Shares Issued Description
SharesIssuedDescription
follows (i) an aggregate of 36,650,778 shares of Common Stock, par value $0.0001 (the “Common Stock” of CLAQ prior to the Closing, and the Common Stock of Nauticus following the Closing) shares were issued to holders of Nauticus Common Stock in the Business Combination (ii) the right to receive 7,499,993 additional shares of Common Stock held in escrow pursuant to the terms of the Merger Agreement and as further described below (such additional escrowed shares, the “Earnout Shares”) and (iii) the issuance of 3,100,000 shares of Common Stock for the Equity Financing (as described below). An aggregate of 47,250,771 shares of Common Stock (inclusive of the Earnout Shares) was issued after the Business Combination.
CY2023Q2 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.
CY2023Q2 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
CY2023Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
36530320 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
3.28
CY2023Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
165713 shares
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
CY2022Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Earnout Shares
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareEarnoutShares
shares
CY2022Q3 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
850333 usd
CY2022Q3 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-669243 usd
CY2023Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
14947875 usd
CY2023Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12582000 usd
CY2023Q2 us-gaap Cash Cash Equivalents And Federal Funds Sold
CashCashEquivalentsAndFederalFundsSold
4400000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Use of Estimates</i></b> – 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>
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
250000 usd
CY2023Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
4959263 usd
kitt Total Balance Percentage
TotalBalancePercentage
0.02 pure
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
1 pure
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.90 pure
CY2022 kitt Customer Percentage
CustomerPercentage
0.10 pure
CY2023Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
1018707 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
1499030 usd
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
11517297 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5167882 usd
CY2023Q2 us-gaap Inventory Gross
InventoryGross
12536004 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
6666912 usd
kitt Recognized Income Tax
RecognizedIncomeTax
0.50 pure
CY2023Q2 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
17709 usd
us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
27593 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
0 usd
us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
9848 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
536077 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
219531 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
85207 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
35376 usd
CY2023Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
4847080 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Recent Accounting Pronouncements</i></b><i> – </i>In September 2022, the FASB issued ASU 2022-04, Liabilities – Supplier Finance Programs (Subtopic 405-60): Disclosure of Supplier Finance Program Obligations, which requires companies to disclose the use and impact of such programs on a company’s working capital, liquidity, and cash flow.  We adopted this standard on January 1, 2023.  We do not utilize Supplier Finance Programs and therefore no further disclosure is required. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">In June 2016, the FASB issued ASU No. 2016-13, an amendment to ASC 326, <i>Financial Instruments - Credit Losses</i>, which changes the impairment model for certain financial assets that have a contractual right to receive cash, including trade and loan receivables. The new model requires recognition based upon an estimation of expected credit losses rather than recognition of losses when it is probable that they have been incurred. An entity will apply the amendment through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The Company has adopted this standard as of January 1, 2023, and there was no impact on its financial position, results of operations and cash flows upon adoption.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">In March 2022, the FASB issued ASU No. 2022-02, an amendment to ASC 326, <i>Financial Instruments-Credit Losses</i>, which eliminates the accounting guidance for creditors in troubled debt restructuring. It also aligns conflicting disclosure requirement guidance in ASC 326 by requiring disclosure of current-period gross write-offs by year of origination. The amendment also adds new disclosures for creditors with loan refinancing and restructuring for borrowers experiencing financial difficulty. The Company has adopted this standard as of January 1, 2023, and there was no impact on its financial position, results of operations and cash flows upon adoption.</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>
CY2023Q2 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1128115 usd
CY2022Q2 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
2989559 usd
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
3948895 usd
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
5225524 usd
us-gaap Accounts Receivable Purchase
AccountsReceivablePurchase
1302494 usd
CY2022 us-gaap Accounts Receivable Purchase
AccountsReceivablePurchase
1622434 usd
CY2023Q2 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
9963 usd
CY2022Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
9963 usd
CY2023Q2 kitt Bad Debt Expens
BadDebtExpens
0 usd
kitt Bad Debt Expens
BadDebtExpens
0 usd
CY2022Q2 kitt Bad Debt Expens
BadDebtExpens
0 usd
kitt Bad Debt Expens
BadDebtExpens
17827 usd
us-gaap Contract With Customer Asset Sale
ContractWithCustomerAssetSale
37341 usd
kitt Revenue Recognize
RevenueRecognize
8000000 usd
CY2023Q2 kitt Contract Receivable Retainages Due One To Two Years
ContractReceivableRetainagesDueOneToTwoYears
8 usd
CY2023Q2 kitt Contract Receivable Retainages Due Two To Three Years
ContractReceivableRetainagesDueTwoToThreeYears
2.6 usd
CY2023Q2 kitt Contract Receivable Retainages Due Two To Four Years
ContractReceivableRetainagesDueTwoToFourYears
5.4 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2454298 usd
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Earnout Shares
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareEarnoutShares
shares
CY2023Q2 us-gaap Prepaid Insurance
PrepaidInsurance
919870 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2392978 usd
CY2023Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
354088 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
199323 usd
CY2023Q2 us-gaap Other Assets
OtherAssets
6121038 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
5046599 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2320216 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2003341 usd
CY2023Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
19814374 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
12974361 usd
CY2023Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
21784483 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
15167367 usd
CY2023Q2 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
404364 usd
CY2022Q4 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
1501736 usd
CY2023Q2 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
702944 usd
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
794021 usd
CY2023Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
201989 usd
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
590936 usd
CY2023Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
1294305 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
171660 usd
CY2023Q2 kitt Accrued Interest And Penalties
AccruedInterestAndPenalties
4320690 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
385759 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
84624 usd
CY2023Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
7310051 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
3142977 usd
CY2023Q2 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
1200000 usd
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
4320690 usd
CY2023Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
3958645 usd
kitt Convertible Secured Debentures
ConvertibleSecuredDebentures
36530320 usd
CY2022 kitt Convertible Secured Debentures
ConvertibleSecuredDebentures
36530320 usd
CY2023Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
36530320 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
36530320 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-18729826 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-20608202 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
17800494 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
15922118 usd
CY2023Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.02 pure
CY2023Q2 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
kitt Fair Value Debenture Warrants
FairValueDebentureWarrants
20949110 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
21679716 usd
kitt The Debentures Converted Description
TheDebenturesConvertedDescription
The Debentures may be converted at each holder’s option at 120% of the principal amount at a conversion price of $15.00 or 2,922,425 shares of Common Stock, subject to certain adjustments including full ratchet anti-dilution price protections. Interest accrues on the outstanding principal amount of the Debentures at 5% per annum, payable quarterly.
kitt Exercisable Initially Par Share
ExercisableInitiallyParShare
20
CY2023Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P10Y
CY2023Q2 us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
970511 usd
us-gaap Interest Income Debt Securities Trading Operating
InterestIncomeDebtSecuritiesTradingOperating
1878376 usd
us-gaap Debt Instrument Interest Rate Basis For Effective Rate
DebtInstrumentInterestRateBasisForEffectiveRate
25.2%
kitt Discount Interest Rate
DiscountInterestRate
0.15 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
66374 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
208169 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
104528 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
139315 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
207497 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
69191 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
96335 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
89016 usd
us-gaap Variable Lease Cost
VariableLeaseCost
105270 usd
us-gaap Variable Lease Cost
VariableLeaseCost
44508 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
200863 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
228331 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
312767 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
113699 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
204987 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
206042 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1384779 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
317208 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
524279 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
410158 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
992660 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
87214 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1516939 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
497372 usd
kitt Operating Lease Liabilities
OperatingLeaseLiabilities
P11Y2M12D
CY2022 kitt Operating Lease Liabilities
OperatingLeaseLiabilities
P2Y2M12D
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.139 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.079 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
220745 usd
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Earnout Shares
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareEarnoutShares
shares
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
268483 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
290968 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2476008 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3530747 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2013808 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1516939 usd
CY2023Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
7499993 shares
kitt Private Warrants Shares
PrivateWarrantsShares
8624991 shares
kitt Common Stock Exceeds Price
CommonStockExceedsPrice
16.5
us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
11.5
CY2023Q2 us-gaap Other Liabilities
OtherLiabilities
1677025 usd
kitt Private Warrants Description
PrivateWarrantsDescription
The fair value of the Private Warrants was estimated using a Black-Scholes option pricing model using the following assumptions: stock price of $2.07, no assumed dividends, a risk-free rate of 4.27%, and implied volatility of 59.2%. The change in the value of the Private Warrants during the three and six months ended June 30, 2023, totaled $(23,799) and $(257,563), respectively, and was reported with other (income) expense in our condensed consolidated statements of operations.
CY2023Q2 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
2922425 shares
CY2023Q2 kitt Warrant Exercisable Share
WarrantExercisableShare
2922425 shares
CY2023Q2 kitt Aggregate Shares
AggregateShares
2922425 shares
CY2023Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
165713 shares
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
165713 shares
CY2023Q2 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
165713 shares
CY2023Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
29657015 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
26819502 usd
CY2023Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
590266 usd
us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
7216908 shares
kitt Business Combination Shares
BusinessCombinationShares
279464 shares
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
3970266 shares
kitt Continuous Service Percentage
ContinuousServicePercentage
0.25 pure
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1138576 usd
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P2Y1M17D
us-gaap Debt Instrument Convertible Conversion Ratio1
DebtInstrumentConvertibleConversionRatio1
14.2069 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y6M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
91947 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
3673399 usd
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
2577625 usd
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2752450 usd
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1794894 usd
us-gaap Share Based Goods And Nonemployee Services Transaction Tax Benefit
ShareBasedGoodsAndNonemployeeServicesTransactionTaxBenefit
182234 usd
us-gaap Share Based Goods And Nonemployee Services Transaction Tax Benefit
ShareBasedGoodsAndNonemployeeServicesTransactionTaxBenefit
0 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1214580 shares
kitt Vested Percentage
VestedPercentage
0.51 pure
kitt Aggregate Of Shares
AggregateOfShares
619438 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3134677 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.73
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
246123 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.76
kitt Share Based Compensation Arrangement By Share Based Payment Shares Released
ShareBasedCompensationArrangementByShareBasedPaymentSharesReleased
298531 shares
kitt Sharebased Compensation Arrangement By Sharebased Payment Released Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentReleasedWeightedAverageGrantDateFairValue
4.26
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
72636 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
4.73
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3009633 shares
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
4.61
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
8953659 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y7M17D
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1883833 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3077027 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
188657 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
388814 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39872864 shares
kitt Employees Gross Salaries Percentage
EmployeesGrossSalariesPercentage
0.03 pure
CY2023Q2 us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
PrescriptionDrugBenefitEffectOfSubsidyOnNetPeriodicPostretirementBenefitCost1
42165 usd
us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
PrescriptionDrugBenefitEffectOfSubsidyOnNetPeriodicPostretirementBenefitCost1
159506 usd
CY2022Q2 us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
PrescriptionDrugBenefitEffectOfSubsidyOnNetPeriodicPostretirementBenefitCost1
84121 usd
us-gaap Prescription Drug Benefit Effect Of Subsidy On Net Periodic Postretirement Benefit Cost1
PrescriptionDrugBenefitEffectOfSubsidyOnNetPeriodicPostretirementBenefitCost1
162311 usd
kitt Investment And Securities Description
InvestmentAndSecuritiesDescription
(i) $2,500,000 from related party Material Impact Fund II, L.P. (“Material Impact”) 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 and $29,591,600 from related party ATW pursuant to the Securities Purchase Agreement.
CY2023Q2 us-gaap Accounts Payable Interest Bearing Interest Rate
AccountsPayableInterestBearingInterestRate
0.05 pure
us-gaap Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
1407018 usd
CY2023Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
165713 shares
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
165713 shares
CY2023Q2 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
165713 shares
CY2023Q2 us-gaap Trade Receivables Held For Sale Amount
TradeReceivablesHeldForSaleAmount
0 usd
CY2022Q4 us-gaap Trade Receivables Held For Sale Amount
TradeReceivablesHeldForSaleAmount
21000 usd
CY2023Q2 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
20673440 usd
CY2022Q2 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-3356956 usd
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
6534775 usd
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-6860958 usd
CY2023Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1129509 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21802949 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3356956 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6534775 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6860958 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39963266 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9669217 shares
CY2023Q2 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
380204 usd
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
190102 usd
CY2023Q2 kitt Amount Of Dilutive Securities Restricted And Performance Stock Units
AmountOfDilutiveSecuritiesRestrictedAndPerformanceStockUnits
1079424 shares
kitt Amount Of Dilutive Securities Restricted And Performance Stock Units
AmountOfDilutiveSecuritiesRestrictedAndPerformanceStockUnits
539712 shares
CY2023Q2 us-gaap Amount Of Dilutive Securities Esop Convertible Preferred Stock
AmountOfDilutiveSecuritiesESOPConvertiblePreferredStock
2922425 usd
CY2023Q2 kitt Dilutive Securities Effect On Weighted Average Shares Used To Compute Diluted Eps
DilutiveSecuritiesEffectOnWeightedAverageSharesUsedToComputeDilutedEPS
44345319 usd
CY2022Q2 kitt Dilutive Securities Effect On Weighted Average Shares Used To Compute Diluted Eps
DilutiveSecuritiesEffectOnWeightedAverageSharesUsedToComputeDilutedEPS
9669217 usd
kitt Dilutive Securities Effect On Weighted Average Shares Used To Compute Diluted Eps
DilutiveSecuritiesEffectOnWeightedAverageSharesUsedToComputeDilutedEPS
40602678 usd
kitt Dilutive Securities Effect On Weighted Average Shares Used To Compute Diluted Eps
DilutiveSecuritiesEffectOnWeightedAverageSharesUsedToComputeDilutedEPS
9669217 usd
CY2023Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0.52 usd
CY2022Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-0.35 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0.16 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-0.71 usd
CY2023Q2 kitt Dilutive Securities Effect On Diluted Incomeloss Per Sharein Dollars Per Share
DilutiveSecuritiesEffectOnDilutedIncomelossPerShareinDollarsPerShare
0.49 usd
CY2022Q2 kitt Dilutive Securities Effect On Diluted Incomeloss Per Sharein Dollars Per Share
DilutiveSecuritiesEffectOnDilutedIncomelossPerShareinDollarsPerShare
-0.35 usd
kitt Dilutive Securities Effect On Diluted Incomeloss Per Sharein Dollars Per Share
DilutiveSecuritiesEffectOnDilutedIncomelossPerShareinDollarsPerShare
0.16 usd
kitt Dilutive Securities Effect On Diluted Incomeloss Per Sharein Dollars Per Share
DilutiveSecuritiesEffectOnDilutedIncomelossPerShareinDollarsPerShare
-0.71 usd
CY2023Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Stock Options
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareStockOptions
764296 shares
CY2022Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Stock Options
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareStockOptions
3967959 shares
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Stock Options
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareStockOptions
764296 shares
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Stock Options
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareStockOptions
3967959 shares
CY2023Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Restricted And Performance Stock Units
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareRestrictedAndPerformanceStockUnits
1480101 shares
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Restricted And Performance Stock Units
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareRestrictedAndPerformanceStockUnits
1480101 shares
CY2023Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShare
18722425 usd
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShare
18722425 usd
CY2023Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Earnout Shares
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareEarnoutShares
7499993 shares
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Convertible Debt
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareConvertibleDebt
2922425 usd
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Convertible Debt
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareConvertibleDebt
5299546 usd
CY2023Q2 kitt Antidilutive Securities Excluded From Computation Of Earning Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningPerShareAmount
28466815 usd
CY2022Q2 kitt Antidilutive Securities Excluded From Computation Of Earning Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningPerShareAmount
3967959 usd
kitt Antidilutive Securities Excluded From Computation Of Earning Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningPerShareAmount
23889247 usd
kitt Antidilutive Securities Excluded From Computation Of Earning Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningPerShareAmount
9267505 usd
CY2023Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Convertible Debt
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareConvertibleDebt
usd
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q2 kitt Service Related Party
ServiceRelatedParty
usd
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2022Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
CY2023Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
usd
us-gaap Extinguishment Of Debt Gain Loss Income Tax
ExtinguishmentOfDebtGainLossIncomeTax
usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
usd
us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
usd
CY2022Q4 kitt Accrued Interest And Penalties
AccruedInterestAndPenalties
usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
usd
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
usd
CY2022Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
usd
CY2022Q2 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
usd
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
usd
CY2022Q2 kitt Amount Of Dilutive Securities Restricted And Performance Stock Units
AmountOfDilutiveSecuritiesRestrictedAndPerformanceStockUnits
shares
kitt Amount Of Dilutive Securities Restricted And Performance Stock Units
AmountOfDilutiveSecuritiesRestrictedAndPerformanceStockUnits
shares
CY2023Q2 kitt Warrants
Warrants
shares
CY2022Q2 kitt Warrants
Warrants
shares
kitt Warrants
Warrants
shares
kitt Warrants
Warrants
shares
CY2023Q2 kitt Earnout Shares
EarnoutShares
shares
CY2022Q2 kitt Earnout Shares
EarnoutShares
shares
kitt Earnout Shares
EarnoutShares
shares
kitt Earnout Shares
EarnoutShares
shares
CY2022Q2 us-gaap Amount Of Dilutive Securities Esop Convertible Preferred Stock
AmountOfDilutiveSecuritiesESOPConvertiblePreferredStock
usd
us-gaap Amount Of Dilutive Securities Esop Convertible Preferred Stock
AmountOfDilutiveSecuritiesESOPConvertiblePreferredStock
usd
us-gaap Amount Of Dilutive Securities Esop Convertible Preferred Stock
AmountOfDilutiveSecuritiesESOPConvertiblePreferredStock
usd
CY2022Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Restricted And Performance Stock Units
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareRestrictedAndPerformanceStockUnits
shares
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Restricted And Performance Stock Units
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareRestrictedAndPerformanceStockUnits
shares
CY2022Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShare
usd
kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShare
usd
CY2022Q2 kitt Antidilutive Securities Excluded From Computation Of Earnings Per Share Convertible Debt
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareConvertibleDebt
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001849820

Files In Submission

Name View Source Status
0001213900-23-066523-index-headers.html Edgar Link pending
0001213900-23-066523-index.html Edgar Link pending
0001213900-23-066523.txt Edgar Link pending
0001213900-23-066523-xbrl.zip Edgar Link pending
f10q0623ex31-1_nauticusrobo.htm Edgar Link pending
f10q0623ex31-2_nauticusrobo.htm Edgar Link pending
f10q0623ex32-1_nauticusrobo.htm Edgar Link pending
f10q0623ex32-2_nauticusrobo.htm Edgar Link pending
f10q0623_nauticusrobo.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
kitt-20230630.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
kitt-20230630_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
kitt-20230630_lab.xml Edgar Link unprocessable
kitt-20230630_pre.xml Edgar Link unprocessable
kitt-20230630_def.xml Edgar Link unprocessable
f10q0623_nauticusrobo_htm.xml Edgar Link completed
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending