Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 218

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 218
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 |              |            |     |        |       |     |            |      62,670 |     |             |              |   |     |               |          |   |     |               |      62,670 |   |
| Foreign currency translation (loss)                            |     |              |            |     |        |       |     |            |             |     |             |              |   |     |               |  365,381 |   |     |               |     365,381 |   |
| Net loss                                                       |     |              |            |     |        |       |     |            |             |     |             | (6,018,994   | ) |     |               |          |   |     |               |  (6,018,994 | ) |
| Balance, March 31, 2024                                        |     |              | 21,321,870 |     | $      | 2,133 |     | $          | 171,571,341 |     | $           | (176,301,744 | ) |     | $             | (295,973 | ) |     | $             |  (5,024,243 | ) |

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

F-4

VEEA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)</div>

| Cash flows from operating activities                                                  |     | Three Months Ended 
 March 31,          
 2025               |             |   |     | 2024 |             |   |
|:--------------------------------------------------------------------------------------|:----|:-------------------|------------:|:--|:----|:-----|------------:|:--|
| Net income (loss)                                                                     |     | $                  |   4,299,052 |   |     | $    |  (6,547,412 | ) |
| Adjustments to reconcile net income (loss) to net cash used for operating activities: |     |                    |             |   |     |      |             |   |
| Depreciation and amortization                                                         |     |                    |      60,116 |   |     |      |      68,916 |   |
| Amortization of debt issuance costs                                                   |     |                    |     740,363 |   |     |      |