Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 2

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 net 
    $144,926  
    $50,683  
    $232,094  
    $108,264 
  
    Cost of goods sold 
     53,006  
     14,997  
     58,156  
     57,687 
  
    Gross profit 
     91,920  
     35,686  
     173,938  
     50,577 

    Operating Expenses: 

    Product development 
     -  
     356,761  
     164,878  
     1,152,930 
  
    Sales and marketing 
     15,555  
     80,937  
     364,856  
     459,341 
  
    General and administrative, net 
     4,522,588  
     1,989,095  
     14,531,883  
     13,091,503 
  
    Transaction costs 
     -  
     55,038,544  
     25,000  
     55,038,544 
  
    Depreciation and amortization 
     216,436  
     67,730  
     421,096  
     205,111 
  
    Total operating expenses 
     4,754,579  
     57,533,067  
     15,507,713  
     69,947,429 
  
    Loss from operations 
     (4,662,659) 
     (57,497,381) 
     (15,333,775) 
     (69,896,852)

    Other income (expense): 

    Other income 
     879  
     8,739  
     2,112  
     21,398 
  
    UK R&D tax credit 
     1,223,328  
     1,251,243  
     1,223,328  
     1,251,243 
  
    Loss on initial issuance of convertible note 
     -  
     (1,770,933) 
     -  
     (1,770,933)
  
    Change in fair value of convertible note option liability 
     270  
     607,067  
     60,