Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 233

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 233
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,005,110 | ) |     |              |  (11,467,130 | ) |
| TOTAL LIABILITIES                                                                                                                                                                 
 AND STOCKHOLDERS’ EQUITY                                                                                                                                                          |     | $             |   44,995,225 |   |     | $            |   20,837,306 |   |

<div align='center'>The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-37

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)</div>

|                                                            |     | 2024 |            For the 
 Three Months Ended 
      September 30, |   |     | 2023 |            |   |     | 2024 |           For the 
 Nine Months Ended 
     September 30, |   |     | 2023 |            |   |
|:-----------------------------------------------------------|:----|:-----|-------------------:|:--|:----|:-----|-----------:|:--|:----|:-----|------------------:|:--|:----|:-----|-----------:|:--|
| Revenue, net                                               |     | $    |             50,683 |   |     | $    |  9,009,254 |   |     | $    |           108,264 |   |     | $    |  9,040,359 |   |
| Cost of goods sold                                         |     |      |             14,997 |   |     |      |     24,307 |   |     |      |            57,687 |   |     |      |     47,163 |   |
| Gross profit                                               |     |      |             35,686 |   |     |      |  8,984,947 |   |     |      |            50,577 |   |     |      |  8,993,196 |   |
| Operating Expenses:                                        |     |      |                    |   |     |      |            |   |     |      |                   |   |     |      |            |   |
| Product development                                        |     |      |            356,761 |   |     |      |    185,764 |   |     |      |         1,152,930 |   |     |      |    676,603