Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 7

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---

    12,009,964

    12,010,132

    Conversion of vendor payable to Series A-2 Preferred Stock

    27,654 

    3 

    207,405

    207,408

    Common stock issued upon exercise of stock options

    10,748

    1

    25,483

    25,484

    Stock based compensation for stock options

    334,849

    334,849

    Foreign currency translation (loss)

    488,103

    488,103

    Net loss

    (13,297,064
    )

    (13,297,064
    )
  
    Balance, June 30, 2024

    21,357,113

    $
    2,136

    $
    172,052,711

    $
    (183,579,814
    )
     
    $
    (173,251
    )
     
    $
    (11,698,218
    )

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

4

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

    Six Months Ended
June 30,

    2025

    2024

    Cash flows from operating activities

    Net loss
     
    $
    (3,111,806
    )
     
    $
    (13,297,064
    )
  
    Adjustments to reconcile net loss to net cash used for operating activities:

    Depreciation and amortization

    204,663

    137,379

    Amortization of debt issuance costs

    851,116

    -

    Impairment loss on investment

    -

    (698
    )
  
    Change in fair value of convertible note option liability

    (59,730
    )

    -

    Change in fair value of warrant liabilities

    (105,124
    )

    -

    Change in fair value of Earn-out Share Liability

    (8,800,000
    )

    -

    Share based vendor payments

    208,000

    Share based compensation

    439,913

    334,774

    Unrealized foreign currency transaction (gain) loss

    (150,216