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

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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     45,648 
  
    Loss on initial issuance of debt 
     -  
     1,770,933 
  
    Change in fair value of convertible note option liability 
     (60,000) 
     (607,067)
  
    Change in fair value of warrant liabilities 
     (660,622) 
     220,373 
  
    Earn-out liability initial loss 
     -  
     53,600,000 
  
    Change in fair value of Earn-out Share Liability 
     (13,520,000) 
     (24,750,000)
  
    Interest income on investment 
     -  
     (768)
  
    Share based compensation 
     759,123  
     394,234 
  
    Share based vendor payments as compensation for services 
     183,000  
     - 
  
    Share based payment as compensation for ELOC commitment fee 
     25,000  

    Interest expense on convertible notes converted 
     -  
     868,853 
  
    Unrealized foreign currency transaction (gain) loss 
     (218,537) 
     (1,686,348)
  
    Amortization of operating lease right of use assets 
     117,365  
     340,496 
  
    Changes in operating assets and liabilities: 

    Receivables 
     (62,498) 
     (31,736)
  
    Inventories 
     (705,230) 
     (602,235)
  
    Prepaid and other current assets 
     119,002  
     (5,034,546)
  
    Other assets 
     53,493  
     - 
  
    Accounts payable 
     2,576,523  
     793,161 
  
    Accrued expenses 
     (216,700) 
     1,618,881 
  
    Other liabilities 
     569,269  
     - 
  
    Operating lease payments 
     (121,579) 
     (353,929)
  
    Net cash used in operating activities 
     (11,514,722) 
     (19,829,558)
  
    Cash flows from investing activities 

    Purchase of property and equipment 
     -  
     (33,439)