Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 304

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 304
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 30, 2024  
    Change 

    Revenues, net 
    $72,927  
    $40,811  
    $32,116  
     79%
  
    Cost of Goods Sold 
     4,587  
     30,706  
    $(26,119) 
     -85%
  
    Gross profit 
     68,340  
     10,105  

    Operating Expenses: 

    Product development 
     53,417  
     701,946  
    $(648,529) 
     -92%
  
    Sales and marketing 
     40,515  
     292,140  
    $(251,625) 
     -86%
  
    General and administrative 
     4,750,744  
     5,785,051  
    $(1,034,307) 
     -18%
  
    Depreciation and amortization 
     144,607  
     68,465  
    $76,142  
     111%
  
    Total operating expenses 
     4,989,283  
     6,847,602  

    Loss from operations 
     (4,920,943) 
     (6,837,497) 

    Other Income (Expense): 

    Other income, net 
     461  
     10,075  
    $(9,614) 
     -95%
  
    Change in fair value of convertible note option liability 
     730  
     -  
    $730  
     100%
  
    Change in fair value of warrant liabilities 
     (315,373) 
     -  
    $(315,373) 
     100%
  
    Change in fair value of Earn-Out Share Liability 
     (1,730,000) 
     -  
    $(1,730,000) 
     100%
  
    Other expense 
     (12,635) 
     (6,474) 
    $(6,161) 
     95%
  
    Interest expense 
     (433,098) 
     (444,174) 
    $11,076  
     -2%
  
    Total other income (expense) 
     (2,489,915)