Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 8

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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    )

    643,851

    Amortization of operating lease right of use assets

    117,365

    253,345

    Changes in operating assets and liabilities:

    Receivables

    36,785

    823

    Inventories

    (572,256
    )

    (567,461
    )
  
    Prepaid and other current assets

    123,913

    (4,924,290
    )
  
    Other assets

    53,534

    -

    Accounts payable

    3,262,831

    1,273,686

    Accrued expenses

    (12,042)

    806,691

    Accrued interest

    -

    609,989

    Other current liabilities

    569,488

    -

    Operating lease payments

    (121,579
    )

    (265,034
    )
  
    Net cash used in operating activities

    (7,065,145
    )

    (14,994,009
    )
  
    Cash flows from investing activities

    Purchase of property and equipment

    (1,079
    )

    (32,997
    )
  
    Purchase of intangible assets and trademarks

    (158,464
    )

    (100,315
    )
  
    Net cash used in investing activities

    (159,543
    )

    (133,312
    )
  
    Cash flows from financing activities

    Proceeds from revolving line of credit

    1,300,000

    -

    Proceeds from related party notes

    2,626,000

    -

    Proceeds from issuance of convertible notes

    1,000,000

    Proceeds from the issuance of shares under equity line of credit facility

    836,766

    -

    Proceeds from the issuance of Series A-2 preferred stock, net of transaction costs

    -

    9,961,356

    Proceeds from exercise of stock options

    11

    25,484

    Net cash provided by financing activities

    5,762,777

    9,986,840

    Effect of exchange rate changes on cash

    14,286

    -

    Net decrease in cash and cash equivalents

    (1,447,625
    )

    (5,140,481