Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 2

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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2024 
  
    Sales, net 
    $72,927  
     40,811  
     87,168  
     57,581 
  
    Cost of goods sold 
     4,587  
     30,706  
     5,150  
     42,680 
  
    Gross profit 
     68,340  
     10,105  
     82,018  
     14,901 

    Operating Expenses: 

    Product development 
     53,417  
     701,946  
     171,068  
     796,169 
  
    Sales and marketing 
     40,515  
     292,140  
     389,766  
     378,404 
  
    General and administrative, net 
     4,750,744  
     5,785,051  
     9,987,637  
     11,102,408 
  
    Depreciation and amortization 
     144,607  
     68,465  
     204,663  
     137,381 
  
    Total operating expenses 
     4,989,283  
     6,847,602  
     10,753,134  
     12,414,362 
  
    Loss from operations 
     (4,920,943) 
     (6,837,497) 
     (10,671,116) 
     (12,399,461)

    Other income (expense): 

    Other income, net 
     461  
     10,075  
     1,233  
     12,659 
  
    Change in fair value of convertible note option liability 
     730  
     -  
     59,730  
     - 
  
    Change in fair value of warrant liabilities 
     (315,373) 
     -  
     105,124  
     - 
  
    Change in fair value of Earn-out Share Liability 
     (1,730,000) 
     -  
     8,800,000  
     - 
  
    Other expense 
     (12,635) 
     (6,474) 
     (27,196)