Company: VEEAW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001213900-25-046124
Chunk: 108

Company: VEEA INC.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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    $  
    % 

    March 31,  2025  
    March 31, 2024  
    Change 

    Revenues, net 
    $14,262  
    $16,770  
    $(2,508) 
     -15%
  
    Cost of Goods Sold 
     12,330  
     11,984  
    $346  
     3%
  
    Gross profit 
     1,932  
     4,786  

    Operating Expenses: 

    Product development 
     215,575  
     94,223  
    $121,352  
     129%
  
    Sales and marketing 
     349,251  
     86,264  
    $262,987  
     305%
  
    General and administrative 
     5,109,473  
     5,845,775  
    $(736,302) 
     -13%
  
    Transaction costs 
     35,000  
     -  
    $35,000  
     100%
  
    Depreciation and amortization 
     60,116  
     68,916  
    $(8,800) 
     -13%
  
    Total operating expenses 
     5,769,415  
     (6,095,178) 

    Loss from operations 
     (5,767,483) 
     (6,090,392) 

    Other Income (Expense): 

    Other income, net 
     772  
     2,584  
    $(1,812) 
     -70%
  
    Change in fair value of convertible note option liability 
     59,000  
     -  
    $59,000  
     100%
  
    Change in fair value of warrant liabilities 
     420,497  
     -  
    $420,497  
     100%
  
    Change in fair value of Earn-Out Share Liability 
     10,530,000  
     -  
    $10,530,000  
     100%
  
    Other expense 
     2,750  
     (2,836) 
    $5,586  
     -197%