Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 59

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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,382) 
     (81)%
  
    General and administrative 
     4,522,588  
     1,989,095  
     2,533,495  
     127%
  
    Transaction costs including those incurred with contingent earn-out share liability 
     -  
     55,038,544  
     (55,038,544) 
     NM 
  
    Depreciation and amortization 
     216,436  
     67,730  
     148,706  
     220%
  
    Total operating expenses 
     4,754,579  
     57,533,067  

    Loss from operations 
     (4,622,659) 
     (57,497,381) 

    Other Income (Expense): 

    Other income 
     879  
     8,739  
     (7,860) 
     (90)%
  
    UK R&D tax credit 
     1,223,328  
     1,251,243  
     (27,915) 
     (2)%
  
    Loss on initial issuance of convertible note 
     -  
     (1,770,933) 
     1,770,933  
     NM 
  
    Change in fair value of convertible note option liability 
     270  
     607,067  
     (606,797) 
     NM 
  
    Change in fair value of warrant liabilities 
     555,498  
     (220,373) 
     775,871  
     NM 
  
    Change in fair value of Earn-Out Share Liability 
     4,720,000  
     24,750,000  
     (20,030,000) 
     (81)%
  
    Other expense 
     (19,155) 
     (36) 
     (19,120) 
     NM 
  
    Interest expense 
     (442,867) 
     (451,881) 
     9,014  
     (2)%
  
    Total other income (expense) 
     6,037,953  
     (24,173,826) 

    Net income (loss) 
    $1,