v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities        
Net income (loss) $ 4,299,052 $ (6,547,412) $ (47,547,768) $ (15,638,589)
Adjustments to reconcile net income (loss) to net cash used for operating activities:        
Depreciation and amortization 60,116 68,916 273,772 818,203
Amortization of debt issuance costs 740,363 287,316 2,010,298
Loss on initial issuance of debt     1,770,933
Change in fair value of convertible note option liability (59,000) (840,933)
Change in fair value of warrant liabilities (420,497) (200,124)
Loss on initial issuance of Earn-out Share Liability     53,600,000
Change in fair value of Earn-out Share Liability (10,530,000) (38,040,000)
Impairment loss on investment     216,278 174,066
Common stock issued as compensation for ELOC commitment fee 25,000    
Share based compensation 50,000 62,670 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 loss 340,728 358,517 741,844 (1,332,914)
Amortization of operating lease right of use assets 87,956 166,546 428,046 793,209
Changes in operating assets and liabilities:        
Receivables 18,259 (17,237)    
Accounts receivable     (31,776) (27,843)
Inventories (318,475) (62,996) (639,340) (147,982)
Prepaid and other current assets 100,491 (4,904,725) (5,064,849) (388,673)
Security deposit     12,176
Other assets (1,699)      
Accounts payable 2,222,819 58,877 341,913 (1,591,487)
Accrued expenses (829,394) (98,561) 1,183,951 340,525
Accrued interest 367,210 1,386,048
Other current liabilities 606,656    
Operating lease payments (91,116) (146,500) (193,695) (844,198)
Net cash used in operating activities (3,698,741) (10,694,695) (25,595,008) (12,652,630)
Cash flows from investing activities        
Purchase of property and equipment (29,520) (46,204) (34,966)
Purchase of intangible assets and trademarks (131,973) (44,547) (219,241) (120,088)
Net cash used in investing activities (131,973) (74,067) (265,445) (155,054)
Cash flows from financing activities        
Proceeds from issuance of unrelated party convertible notes     1,450,000 3,000,000
Proceeds from term loan 1,450,000   5,000,000
Payment of unrelated party debt     (10,979,611)
Proceeds from revolving line of credit 1,300,000 3,700,000
Proceeds from related party notes 485,000 5,286,016 2,248,000
Proceeds from reverse recapitalization     1,103,640
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 2,048,776
Proceeds from the issuance of Class A common stock, net of transaction costs     9,961,356 17,256,525
Proceeds from exercise of stock options 11 79,484 4
Net cash provided by financing activities 2,389,437 10,427,202 21,572,753 18,573,694
Effect of exchange rate changes on cash 2,985 (19,706) (36,743) 58,184
Net decrease in cash and cash equivalents (1,438,292) (361,266) (4,324,442) 5,824,194
Cash and cash equivalents at beginning of year 1,685,633 6,010,075 6,010,075 185,881
Cash and cash equivalents at end of year 247,341 5,648,809 1,685,633 6,010,075
Non-cash activities        
Settlement of convertible notes for shares issued 350,000    
Conversion of vendor payable to Series A-2 Preferred Shares $ 78,422    
Non-cash activities        
Initial measurement of debt discount on the convertible note     (1,450,000)
Initial measurement of the Contingent Financing Costs     549,067
Initial measurement of the convertible note option liability     900,933
Conversion of related party notes to Common Stock     2,205,497
Initial measurement of the convertible note option liability     1,450,000
Conversion of principal on related party notes to Common Stock     12,598,000
Conversion of interest on related party notes to Common Stock     3,141,846
Issuance of Common Stock related to convertible note payable     24,000,000
Conversion of vendor payable to Common Stock     3,422,028 1,920,124
Conversion of principal on convertible notes to preferred stock - Series A-1     8,993,240
Conversion of interest on convertible notes to preferred stock - Series A-1     1,955,957
Private Veea Warrants issued with term note payable     1,682,750
Conversion of notes payable to Series A-2 Preferred Shares     3,076,274
Supplemental cash flow information        
Interest paid     $ 504,431 $ 892,336