Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 5

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 (176,301,744) 
     (295,973) 
     (5,024,243)
  
    Series A-2 Preferred Stock Issuances, net of transaction costs 
     7,297  
        
     54,725  

     54,725 
  
    Conversion of vendor payable to Series A-2 Preferred Stock 
     17,198  
     2  
     128,983  

     128,985 
  
    Common stock issued upon exercise of stock options 
     10,748  
     1  
     25,483  

     25,484 
  
    Stock based compensation for stock options 

     272,179  

     272,179 
  
    Foreign currency translation (loss) 

     122,722  
     122,722 
  
    Net loss 

     (7,278,070) 
        
     (7,278,070)
  
    Balance, June 30, 2024 
     21,357,113  
    $2,136  
    $172,052,711  
    $(183,579,814) 
    $(173,251) 
    $(11,698,218)

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

3

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’
DEFICIT

(Unaudited)

FOR THE SIX MONTHS ENDED JUNE 30, 2025

    Common Stock  
    Additional Paid-in-  
    Accumulated  
    Accumulated Other Comprehensive  
    Total Stockholders’ 

    Shares  
    Amount  
    Capital  
    Deficit  
    Income (Loss)  
    Deficit 
  
    Balance, December 31, 2024 
     36,202,798  
    $3,621  
    $200,667,682  
    $(217,830,518) 
    $134,391  
    $(17,024,824)
  
    Stock based compensation 

     439,913  

     439,913 
  
    Common stock issued upon exercise of stock options 
     18,277  
     2  
     9