Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 55

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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     10,075  
    $(9,614) 
     -95%
  
    Change in fair value of convertible note option liability 
     730  
     -  
    $730  
     100%
  
    Change in fair value of warrant liabilities 
     (315,373) 
     -  
    $(315,373) 
     100%
  
    Change in fair value of Earn-Out Share Liability 
     (1,730,000) 
     -  
    $(1,730,000) 
     100%
  
    Other expense 
     (12,635) 
     (6,474) 
    $(6,161) 
     95%
  
    Interest expense 
     (433,098) 
     (444,174) 
    $11,076  
     -2%
  
    Total other income (expense) 
     (2,489,915) 
     (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