Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 311

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 311
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, 2024 
  
    ADJUSTED EBITDA: 

    Net loss 
    $(3,111,806) 
    $(13,297,064)
  
    Adjustments: 

    Interest expense 
     1,379,581  
     900,942 
  
    Depreciation and amortization 
     204,663  
     137,381 
  
    EBITDA 
     (1,527,562) 
     (12,258,741)
  
    Change in fair value of conversion note option liability 
     (59,730) 
     - 
  
    Change in fair value of warrant liabilities 
     (8,800,000) 
     - 
  
    Change in fair value of Earn Out Shares Liability 
     (105,124) 
     - 
  
    Share-based compensation 
     439,913  
     334,774 
  
    Transaction costs 
     25,000  
                   - 
  
    ADJUSTED EBITDA 
    $(10,027,503) 
     (11,923,967)

Item 3. Quantitative and Qualitative Disclosures
about Market Risk

Not Applicable. As a smaller
reporting company, we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, with the
participation and supervision of our Chief Executive Officer and our Acting Chief Financial Officer, have evaluated our disclosure controls
and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act as of the end of the period covered by this Quarterly
Report on Form 10-Q. Based on that evaluation, our Chief Executive Officer and our Acting Chief Financial Officer have concluded that,
as of the end of the period covered by this Quarterly Report on Form 10-Q, our disclosure controls and procedures were effective to provide
reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded,
processed, summarized, and reported within the time periods specified in SEC rules and forms, and that such information is accumulated
and communicated to our management, including our Chief Executive Officer and Acting Chief Financial Officer, as