Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 202

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 202
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 |     |                         |     | $         | 12,987,252 |     | $         | 218,496 |     | $         | - |     | $      | 13,205,748 |     | $            | (10,680,226 | ) |     | $           | (1,460,910 | ) |     | $        | 1,064,612 |

Intangible assets primarily consist of patents,
patent applications, and in-process research and development (“IPR&D”) and other identifiable intangible assets. Intangible
assets are generally amortized on a straight-line basis over the periods of benefit. The Company’s patents have estimated remaining
economic useful lives ranging from - years. Management reviews intangible assets for impairment when events and circumstances
warrant. During the year ended December 31, 2023, no events have occurred that required impairment of intangible assets.

Intangible asset amortization expense, including
impairment charges, for the years ended December 31, 2023 and 2022 totaled $ and $, respectively.

| Future estimated amortization as of December 31, 2023: 
 2024                                                   |     |   |  52,549 |
|:-------------------------------------------------------|:----|:--|--------:|
| 2025                                                   |     |   |  52,549 |
| 2026                                                   |     |   |  52,549 |
| 2027                                                   |     |   |  52,549 |
| 2028                                                   |     |   |  52,549 |
| Thereafter                                             |     |   | 365,733 |
|                                                        |     | $ | 628,478 |

6 - DEBT

|                                            |     |           | As of December 31, 2023 |     |                  |           |     |       |            |     |           | As of December 31, 2022 |     |                  |           |     |       |            |
|:-------------------------------------------|:----|:----------|------------------------:|:----|:-----------------|----------:|:----|:------|-----------:|:----|:----------|------------------------:|:----|:-----------------|----------:|:----|:------|-----------:|
|                                            |     | Principal |                         |     | Accrued Interest |           |     | Total |            |     | Principal |