Company: VEEAW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001213900-25-046124
Chunk: 1

Company: VEEA INC.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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60,000

    Warrant liability

    420,497

    840,995

    Earn-out Share Liability

    5,030,000

    15,560,000

    Deferred payables

    -

    1,484,238

    TOTAL LIABILITIES

    31,682,953

    38,118,720

    STOCKHOLDERS’ DEFICIT

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding

    -

    -

    Common Stock, $0.0001 par value, 500,000,000 shares authorized; and 36,541,882 and 36,202,798 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively

    3,655

    3,621

    Additional paid-in capital

    201,697,086

    200,667,682

    Accumulated deficit

    (213,531,466
    )

    (217,830,518
    )
  
    Accumulated other comprehensive income

    154,802

    134,391

    TOTAL STOCKHOLDERS’ DEFICIT

    (11,675,924
    )

    (17,024,825
    )
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT
     
    $
    20,007,029

    $
    21,093,895

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

1

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND 

COMPREHENSIVE INCOME (LOSS)

(Unaudited)

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    Sales, net 
    $14,262  
    $16,770 
  
    Cost of goods sold 
     12,330  
     11,984 
  
    Gross profit 
     1,932  
     4,786 

    Operating Expenses: 

    Product development 
     215,575  
     94,223 
  
    Sales and marketing 
     349,251  
     86,264 
  
    General and