Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 342

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 342
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85,497

    85,595

    TOTAL ASSETS
     
    $
    21,093,895

    $
    20,837,306

    LIABILITIES AND STOCKHOLDERS’ DEFICIT

    Revolving line of credit
     
    $
    12,700,000

    $
    9,000,000

    Related party notes, net of discount

    -

    12,598,000

    Accrued interest, related party

    -

    2,272,993

    Accounts payable

    1,290,824

    1,077,898

    Accrued expenses (Note 2)

    5,569,322

    4,741,495

    Investor deposits

    -

    2,048,776

    Share issuance liability

    250,000

    -

    Deferred payables, current

    204,445

    -

    Operating lease liabilities, current

    121,579

    445,850

    Total current liabilities

    20,136,171

    32,185,012

    Convertible note payable, net

    37,316 

    -

    Conversion option liability

    60,000

    -

    Warrant liabilities

    840,995

    -

    Earn-out Share Liability (Note 4)

    15,560,000

    -

    Deferred payables

    1,484,238

    -

    Operating lease liabilities

    -

    119,424

    TOTAL LIABILITIES

    38,118,720

    32,304,436

    STOCKHOLDERS’ DEFICIT

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding

    -

    -

    Common Stock, $0.0001 par value, 551,000,000 shares authorized, 36,202,798  and 19,635,912 shares issued and outstanding at December 31, 2024 and 2023, respectively

    3,621

    1,964

    Additional paid-in capital

    200,667,682

    159,475,010

    Accumulated deficit

    (217,830,518
    )

    (170,282,750
    )