Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1921

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 1921
---
000
    )

    -

    Impairment loss on investment

    216,278

    174,066

    Stock based compensation

    6,699,081

    484,584

    Provision for inventory obsolescence

    551,492

    320,335

    Interest expense on convertibles notes converted

    868,853

    979,611

    Unrealized foreign currency transaction (gain) loss

    741,844

    (1,332,914
    )
  
    Amortization of operating lease right of use assets

    428,046

    793,209

    Changes in operating assets and liabilities:

    Accounts receivable

    (31,776
    )

    (27,843
    )
  
    Inventories

    (639,340
    )

    (147,982
    )
  
    Prepaid and other current assets

    (5,064,849
    )

    (388,673
    )
  
    Security deposit

    -

    12,176

    Accounts payable

    341,913

    (1,591,487
    )
  
    Accrued expenses

    1,183,951

    340,525

    Accrued interest

    -

    1,386,048

    Operating lease payments

    (193,695
    )

    (844,198
    )
  
    Net cash used in operating activities

    (25,595,008
    )

    (12,652,630
    )

    Cash flows from investing activities

    Purchase of property and equipment

    (46,204
    )

    (34,966
    )
  
    Purchase of intangible assets and trademarks

    (219,241
    )

    (120,088
    )
  
    Net cash used in investing activities

    (265,445
    )

    (155,054
    )

    Cash flows from financing activities

    Proceeds from issuance of unrelated party convertible notes

    1,450,000

    3,000,000

    Proceeds from term loan

    -

    5,000,000

    Payment of unrelated party debt

    -

    (10,979,611
    )
  
    Proceeds from revolving line of credit

    3,700,000 

    -

    Proceeds from notes -