Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 305

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 305
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     (440,573) 

    Net income (loss) 
    $(7,410,858) 
    $(7,278,070) 

29

    For the Six Months Ended  
    $  
    % 

    June 30, 2025  
    June 30, 2024  
    Change 

    Revenues, net 
    $87,168  
    $57,581  
    $29,587  
     51%
  
    Cost of Goods Sold 
     5,150  
     42,690  
    $(37,540) 
     -88%
  
    Gross profit 
     82,018  
     14,891  

    Operating Expenses: 

    Product development 
     171,068  
     796,169  
    $(625,101) 
     -79%
  
    Sales and marketing 
     389,766  
     378,404  
    $11,362  
     3%
  
    General and administrative 
     9,987,637  
     11,102,408  
    $(1,114,771) 
     -10%
  
    Depreciation and amortization 
     204,663  
     137,381  
    $67,282  
     49%
  
    Total operating expenses 
     10,753,134  
     12,414,362  

    Loss from operations 
     (10,671,116) 
     (12,399,471) 

    Other Income (Expense): 

    Other income, net 
     1,233  
     12,659  
    $(11,426) 
     -90%
  
    Change in fair value of convertible note option liability 
     59,730  
     -  
    $59,730  
     100%
  
    Change in fair value of warrant liabilities 
     105,124  
     -  
    $105,124  
     100%
  
    Change in fair value of Earn-Out Share Liability 
     8,800,000  
     -  
    $8,800,000  
     100%
  
    Other expense 
     (27,196) 
     (