Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 136

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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,754,579  
     57,533,067  

    Loss from operations 
     (4,622,659) 
     (57,497,381) 

    Other Income (Expense): 

    Other income 
     879  
     8,739  
     (7,860) 
     (90)%
  
    UK R&D tax credit 
     1,223,328  
     1,251,243  
     (27,915) 
     (2)%
  
    Loss on initial issuance of convertible note 
     -  
     (1,770,933) 
     1,770,933  
     NM 
  
    Change in fair value of convertible note option liability 
     270  
     607,067  
     (606,797) 
     NM 
  
    Change in fair value of warrant liabilities 
     555,498  
     (220,373) 
     775,871  
     NM 
  
    Change in fair value of Earn-Out Share Liability 
     4,720,000  
     24,750,000  
     (20,030,000) 
     (81)%
  
    Other expense 
     (19,155) 
     (36) 
     (19,120) 
     NM 
  
    Interest expense 
     (442,867) 
     (451,881) 
     9,014  
     (2)%
  
    Total other income (expense) 
     6,037,953  
     (24,173,826) 

    Net income (loss) 
    $1,375,294  
    $(33,323,555) 

33

    For the Nine Months Ended  
    $  
    % 

    September 30, 2025  
    September 30, 2024  
    Change 

    Revenues, net 
    $232,094  
    $108,264  
    $123,830  
     114%
  
    Cost of Goods Sold 
     58,156  
     57,687  
     469  
     1%
  
    Gross profit 
     173,938