Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 279

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 279
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|:----|:-----|-----------:|
| Net loss                                             |     | $                  | (33,323,555 | ) |     | $    |  1,961,799 |
| Denominator:                                         |     |                    |             |   |     |      |            |
| Weighted-average common shares outstanding - diluted |     |                    |  22,292,374 |   |     |      | 16,427,124 |
| Earnings per share - diluted:                        |     |                    |             |   |     |      |            |
| Net income (loss)                                    |     | $                  |       (1.49 | ) |     | $    |       0.12 |

15 - SEGMENTATION

As described in Note 3, the Company
operates as one reportable segment - sale of smart computing hubs and related subscriptions and licenses.

Major Customers

For the three months ended September
30, 2024 two customers accounted for 10% and 50% of the Company’s revenue. For the nine months ended September 30, 2024 one customer
accounted for 26% of the Company’s revenue. For the three and nine months ended September 30, 2023, one customer accounted for
approximately 99% of the Company’s revenue.

Long-lived Assets

The majority of the Company’s
assets as of September 30, 2024 and December 31, 2023 were attributable to its U.S. operations. The Company’s long-lived assets
are based on the physical location of the assets.

The following table presents the Company’s
long-lived assets, which consist of property and equipment, net, operating lease right-of-use assets and intangible assets information
for geographic areas:

| Long-Lived Assets       
 United States           |     | As of         
 September 30, 
 2024          |           |     | As of        
 December 31, 
 2023         |           |
|:------------------------|:----|:--------------|----------:|:----|:-------------|----------:|
| ROU Asset               |     | $             |   204,915 |     | $            |   545,411 |
| PP&E, net               |     |               |   217,995 |     |              |   339,936 |
| Goodwill                |     |               | 5,076,791 |     |              |