Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 349

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 349
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 (decrease) in cash and cash equivalents

    (4,324,442
    )

    5,824,194

    Cash and cash equivalents at beginning of year

    6,010,075

    185,881

    Cash and cash equivalents at end of year
     
    $
    1,685,633

    $
    6,010,075

    Non-cash activities

    Initial measurement of debt discount on the convertible note
     
    $
    (1,450,000
    )
     
    $
    -

    Initial measurement of the Contingent Financing Costs
     
    $
    549,067

    $
    -

    Initial measurement of the convertible note option liability
     
    $
    900,933

    $
    -

    Conversion of related party notes to Common Stock
     
    $
    2,205,497

    $
    -

    Initial measurement of the convertible note option liability
     
    $
    1,450,000

    $
    -

    Conversion of principal on related party notes to Common Stock
     
    $
    12,598,000

    $
    -

    Conversion of interest on related party notes to Common Stock
     
    $
    3,141,846

    $
    -

    Issuance of Common Stock related to convertible note payable
     
    $
    24,000,000

    $
    -

    Conversion of vendor payable to Common Stock
     
    $
    3,422,028

    $
    1,920,124

    Conversion of principal on convertible notes to preferred stock - Series A-1
     
    $
    -

    $
    8,993,240

    Conversion of interest on convertible notes to preferred stock - Series A-1
     
    $
    -

    $
    1,955,957

    Private Veea Warrants issued with term note payable
     
    $
    -

    $
    1,682,750

    Conversion of notes payable to Series A-2 Preferred Shares
     
    $
    -

    $
    3,076,274

    Supplemental cash flow information

    Interest paid
     
    $
    504,431

    $
    892,336

The
accompanying notes are an integral part of these consolidated financial statements.

F-6

Veea
Inc