Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1920

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 1920
---

     -  
     -  
     -  
     -  
     -  
     -  
     795,745  
     795,745 
  
    Net Loss 
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     (47,547,768) 
     -  
     (47,547,768)
  
    Balance, December 31, 2024 
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     36,202,798  
     3,621  
     200,667,682  
     (217,830,518) 
     134,391  
     (17,024,824)

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

F-5

VEEA
INC. AND SUBSIDIARIES

CONSOLIDATED
STATEMENTS OF CASH FLOWS

 FOR
THE YEARS ENDED DECEMBER 31, 2024 and 2023   

    For the year ended
December 31,

    2024

    2023

    Cash flows from operating activities

    Net loss
     
    $
    (47,547,768
    )
     
    $
    (15,638,589
    )
  
    Adjustments to reconcile net loss to net cash used for operating activities:

    Depreciation and amortization

    273,772

    818,203

    Amortization of debt issuance costs

    287,316

    2,010,298

    Loss on initial issuance of debt

    1,770,933

    -

    Change in fair value of convertible note option liability

    (840,933
    )

    -

    Change in fair value of warrant liabilities

    (200,124
    )

    -

    Loss on initial issuance of Earn-out Share Liability

    53,600,000

    -

    Change in fair value of Earn-out Share Liability

    (38,040,