Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 0

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

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

    June 30,  
    December 31, 

    2025  
    2024 

    (unaudited)  

    ASSETS 

    Cash 
    $238,008  
    $1,685,633 
  
    Receivables, net 
     48,230  
     84,655 
  
    Inventory, net 
     9,412,074  
     7,459,240 
  
    Prepaid and other current assets 
     5,541,271  
     5,649,594 
  
    Total current assets 
     15,239,583  
     14,879,122 

    Property and equipment, net 
     137,224  
     210,629 
  
    Goodwill 
     5,233,499  
     4,779,625 
  
    Intangible assets, net 
     7,721,559  
     786,061 
  
    Investments 
     235,737  
     235,596 
  
    Other assets 
     34,451  
     202,862 
  
    TOTAL ASSETS 
    $28,602,053  
    $21,093,895 

    LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Revolving line of credit 
    $14,000,000  
    $12,700,000 
  
    Accounts payable 
     4,149,154  
     1,290,824 
  
    Accrued expenses 
     1,852,620  
     1,911,722 
  
    Related party liabilities 
     3,952,424  
     3,657,600 
  
    Share issuance liability 
     -  
     250,000 
  
    Deferred payables, current 
     2,257,457  
     204,445 
  
    Notes payable 
     1,762,415  
     - 
  
    Convertible note payable, current 
     1,000,000  

    Related party notes 
     2,626,000  
     - 
  
    Other current liabilities