Company: VEEAW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001213900-25-046124
Chunk: 5

Company: VEEA INC.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 Share based compensation 
     50,000  
     62,670 
  
    Unrealized foreign currency transaction loss 
     340,728  
     358,517 
  
    Amortization of operating lease right of use assets 
     87,956  
     166,546 
  
    Changes in operating assets and liabilities: 

    Receivables 
     18,259  
     (17,237)
  
    Inventories 
     (318,475) 
     (62,996)
  
    Prepaid and other current assets 
     100,491  
     (4,904,725)
  
    Other assets 
     (1,699) 

    Accounts payable 
     2,222,819  
     58,877 
  
    Accrued expenses 
     (829,394) 
     (98,561)
  
    Accrued interest 
     -  
     367,210 
  
    Other current liabilities 
     606,656  
     - 
  
    Operating lease payments 
     (91,116) 
     (146,500)
  
    Net cash used in operating activities 
     (3,698,741) 
     (10,694,695)
  
    Cash flows from investing activities 

    Purchase of property and equipment 
     -  
     (29,520)
  
    Purchase of intangible assets and trademarks 
     (131,973) 
     (44,547)
  
    Net cash used in investing activities 
     (131,973) 
     (74,067)
  
    Cash flows from financing activities 

    Proceeds from revolving line of credit 
     1,300,000  
     - 
  
    Proceeds from related party notes 
     485,000  
     - 
  
    Proceeds from the issuance of shares under equity line of credit facility 
     604,426  
     - 
  
    Proceeds from the issuance of Series A-2 preferred stock, net of transaction costs 
     -  
     10,372,477 
  
    Proceeds from prepaid investor subscriptions 
     -  
     54,725 
  
    Proceeds from exercise of stock options 
     11  
     - 
  
    Net cash provided by