Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1132

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1132
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 1,373,351  
     693,448  
    $679,903  
     98%
  
    Sales and marketing 
     811,537  
     215,332  
    $596,205  
     277%
  
    General and administrative 
     26,638,816  
     17,238,184  
    $9,400,632  
     55%
  
    Transaction costs including those incurred with contingent Earn-out Share
Liability 
     55,038,544  
     0  
    $55,038,544  
     100%
  
    Depreciation
    and amortization 
     273,772  
     818,203  
    $(544,431) 
     -67%
  
    Total
    operating expenses 
     84,136,020  
     18,965,167  

    Loss from operations 
     (84,077,550) 
     (10,359,839) 

    Other Income and (Expense): 

    Interest income 
     -  
     1,942  
    $(1,942) 
     -100%
  
    Other income, net 
     21,390  
     59,982  
    $(38,592) 
     -64%
  
    UK R&D tax credit 
     1,251,243  
     -  
    $1,251,243  
     NM 
  
    Loss on initial issuance
    of convertible note 
     (1,770,933) 
     -  
    $(1,770,933) 
     NM 
  
    Change in fair value of conversion note option liability 
     840,933  
     -  
    $840,933  
     NM 

    Change in
    fair value of warrant liabilities 
     200,124  
     -  
    $200,124  
     NM 
  
    Change in fair value of Earn-out Share Liability 
     38,040,000  
     -  
    $38,040,000  
     NM 
  
    Other expense 
     (244,732) 
     (21,857) 
    $(222,875) 
     1020