Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 906

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 906
---
 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

    (38,040,000
    )

    -

    Impairment loss on investment

    216,278

    174,066

    Stock based compensation

    6,699,081

    484,584

    Provision for inventory obsolescence

    551,492

    320,335

    Interest expense on convertibles notes converted

    868,853

    979,611

    Unrealized foreign currency transaction (gain) loss

    741,844

    (1,332,914
    )
  
    Amortization of operating lease right of use assets

    428,046

    793,209

    Changes in operating assets and liabilities:

    Accounts receivable

    (31,776
    )

    (27,843
    )
  
    Inventories

    (639,340
    )

    (147,982
    )
  
    Prepaid and other current assets

    (5,064,849
    )

    (388,673
    )
  
    Security deposit

    -

    12,176

    Accounts payable

    341,913

    (1,591,487
    )
  
    Accrued expenses

    1,183,951

    340,525

    Accrued interest

    -

    1,386,048

    Operating lease payments

    (193,695
    )

    (844