Company: VEEAW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001213900-25-046124
Chunk: 3

Company: VEEA INC.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 2025

    Common Stock  
    Additional Paid-in-  
    Accumulated  
    Accumulated Other Comprehensive  
    Total Stockholders’ 

    Shares  
    Amount  
    Capital  
    Deficit  
    Income (Loss)  
    Deficit 
  
    Balance, December 31, 2024 
     36,202,798  
    $3,621  
    $200,667,682  
    $(217,830,518) 
    $134,391  
    $(17,024,824)
  
    Stock based compensation 

     50,000  

     50,000 
  
    Common stock issued upon exercise of stock options 
     24,420  
     2  
     8.67  

     11 
  
    Common stock issued upon draw on the equity line of credit 
     240,500  
     24  
     604,402  

     604,426 
  
    Common stock issued as compensation for equity line of credit commitment fee 
     27,498  
     3  
     24,997  

     25,000 
  
    Settlement of convertible note agreement for shares issued 
     46,666  
     5  
     349,995  

     350,000 
  
    Cumulative translation adjustment 

     20,411  
     20,411 
  
    Net income 

     4,299,052  
        
     4,299,052 
  
    Balance, March 31, 2025 
     36,541,882  
    $3,655  
    $201,697,086  
    $(213,531,466) 
    $154,802  
    $(11,675,924)

FOR THE THREE MONTHS ENDED MARCH 31, 2024

    Common Stock  
    Additional Paid-in-  
    Accumulated  
    Accumulated Other Comprehensive  
    Total Stockholders’ 

    Shares  
    Amount  
    Capital  
    Deficit  
    Income (Loss)  
    Deficit 
  
    Balance, December 31, 2023 
     19,635,912  
    $1,964  
    $159,475,010