Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 181

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 181
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 | (154,644,161 | ) |
| Accumulated other comprehensive income                                                                                                                                           
 (loss)                                                                                                                                                                           |     |                    |     (661,354 | ) |     |      |      772,034 |   |
| Equity attributable to Veea, Inc.                                                                                                                                                |     |                    |  (11,467,130 | ) |     |      |  (30,092,159 | ) |
| Noncontrolling interest                                                                                                                                                          |     |                    |            - |   |     |      |     (205,564 | ) |
| Total stockholders’ equity (deficit)                                                                                                                                             |     |                    |  (11,467,130 | ) |     |      |  (30,297,723 | ) |
| Total liabilities and stockholders’                                                                                                                                              
 equity (deficit)                                                                                                                                                                 |     | $                  |   20,837,306 |   |     | $    |   16,163,036 |   |

<div align='center'>The accompanying notes are an integral part of these financial statements

F-4

Veea Inc. and Subsidiaries
Consolidated Statements of Operations
Years Ended December 31, 2023 and 2022</div>

|                                                            |     | Years Ended December 31, |        2023 |   |     |   |        2022 |   |
|:-----------------------------------------------------------|:----|:-------------------------|------------:|:--|:----|:--|------------:|:--|
| Revenue, net                                               |     | $                        |   9,072,130 |   |     | $ |     224,052 |   |
| Cost of Goods Sold                                         |     |                          |     466,802 |   |     |   |     285,311 |   |
| Gross profit (loss)                                        |     |                          |   8,605,328 |   |     |   |     (61,259 | ) |
| Operating Expenses:                                        |     |                          |             |   |     |   |             |   |
| Product development                                        |     |                          |     693,448 |   |     |   |   3,226,773 |   |
| Sales and marketing                                        |     |                          |     215,332 |   |     |   |     384,217 |   |
| General and administrative                                 |     |                          |