Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 630

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 630
---
,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 - related party

    5,286,016

    2,248,000

    Proceeds from reverse recapitalization

    1,103,640

    -

    Proceeds from the exercise of stock options for common stock

    79,484

    4

    Proceeds from prepaid investor subscriptions

    -

    2,048,776

    Proceeds from the issuance of Class A common stock, net of transaction costs

    9,961,356

    17,256,525

    Net cash provided by financing activities

    21,572,753

    18,573,694

    Effect of exchange rate changes on cash

    (36,743
    )

    58,184

    Net increase (decrease) in cash and cash equivalents

    (4,324,442
    )

    5,824,194

    Cash and cash equivalents at beginning of year

    6,010,075

    185,881

    Cash and cash equivalents at end of year