Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 1

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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    Total current liabilities 
     28,383,901  
     20,136,171 

    Convertible note payable, net 
     -  
     37,316 
  
    Conversion option liability 
     -  
     60,000 
  
    Warrant liability 
     3,310,724  
     840,995 
  
    Earn-out Share Liability 
     2,040,000  
     15,560,000 
  
    Deferred payables 
     -  
     1,484,238 
  
    TOTAL LIABILITIES 
     33,734,625  
     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 50,160,673 and 36,202,798 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 
     5,018  
     3,621 
  
    Additional paid-in capital 
     214,938,054  
     200,667,682 
  
    Accumulated deficit 
     (219,567,030) 
     (217,830,518)
  
    Accumulated other comprehensive income 
     358,483  
     134,391 
  
    TOTAL STOCKHOLDERS’ DEFICIT 
     (4,265,475) 
     (17,024,825)
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 
    $29,469,150  
    $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 INCOME (LOSS)

(Unaudited)

    For the Three Months Ended September 30,  
    For the Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Sales,