Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 4

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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,729,851)

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

2

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’
DEFICIT

(Unaudited)

FOR THE THREE MONTHS ENDED SEPTEEMBER 30, 2025

    Common Stock  
    Additional Paid-in-  
    Accumulated  
    Accumulated Other Comprehensive  
    Total Stockholders’ 

    Shares  
    Amount  
    Capital  
    Deficit  
    Income  
    Deficit 
  
    Balance, June 30, 2025 
     40,926,445  
    $4,094  
    $209,682,257  
    $(220,942,324) 
    $323,384  
    $(10,932,589)
  
    Stock based compensation 
     -  
     -  
     319,211  
     -  
     -  
     319,211 
  
    Common stock issued in connection with public offering, net of transaction costs 
     9,189,096  
     919  
     4,936,583  
     -  
     -  
     4,937,502 
  
    Common stock issued upon exercise of stock options 
     14,529  
     1  
     6  
     -  
     -  
     7 
  
    Common stock issued upon vesting of RSUs 
     30,603  
     4  
     (3) 
     -  
     -  
     1 
  
    Foreign currency translation gain 
     -  
     -  
     -  
     -  
     35,099  
     35,099 
  
    Net income 
     -  
     -  
     -  
     1,375,294  
     -  
     1,375,294 
  
    Balance, September 30, 2025 
     50,160,673  
    $5,018  
    $214,938,054  
    $(219,567,030) 
    $358,483  
    $(