Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 1

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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     -  
     121,579 
  
    Total current liabilities 
     31,600,070  
     20,136,171 

    Convertible note payable, net 
     438,432  
     37,316 
  
    Conversion option liability 
     270  
     60,000 
  
    Warrant liability 
     735,870  
     840,995 
  
    Earn-out Share Liability 
     6,760,000  
     15,560,000 
  
    Deferred payables 
     -  
     1,484,238 
  
    TOTAL LIABILITIES 
     39,534,642  
     38,118,720 

    STOCKHOLDERS’ DEFICIT 

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 
     -  
     - 
  
    Common Stock, $0.0001 par value, 551,000,000 shares authorized; and 40,926,445 and 36,202,798 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 
     4,094  
     3,621 
  
    Additional paid-in capital 
     209,682,257  
     200,667,682 
  
    Accumulated deficit 
     (220,942,324) 
     (217,830,518)
  
    Accumulated other comprehensive income 
     323,384  
     134,391 
  
    TOTAL STOCKHOLDERS’ DEFICIT 
     (10,932,589) 
     (17,024,825)
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 
    $28,602,053  
    $21,093,895 

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

1

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

    For the Three Months Ended June 30,  
    For the Six Months Ended June 30, 

    2025  
    2024  
    2025