Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 255

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 255
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 $         | 111,451 |     | $         | - |     | $      |  7,332,227 |     | $            | (6,703,750  | ) |     | $           | -          |   |     | $        | 628,477 |
| IPR&D                    |     | 5 years                 |     |             |  5,015,694 |     |           |       - |     |           | - |     |        |  5,015,694 |     |              | (3,554,784  | ) |     |             | (1,460,910 | ) |     |          |       - |
| Other intellectual assts |     | 5 years                 |     |             |    969,278 |     |           |       - |     |           | - |     |        |    969,278 |     |              | (969,278    | ) |     |             | -          |   |     |          |       - |
| Intangible assets, net   |     |                         |     |           $ | 13,205,748 |     | $         | 111,451 |     | $         | - |     | $      | 13,317,199 |     | $            | (11,227,812 | ) |     | $           | (1,460,910 | ) |     | $        | 628,477 |

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 nine months ended September 30, 2024 and 2023, no events have occurred that required additional impairment of intangible
assets.

Intangible asset amortization expense,
for the three months ended September 30, 2024 and 2023 totaled approximately $ and $, respectively.

Intangible asset amortization expense,
for the nine months ended September 30, 2024 and 2023 totaled approximately $ and $, respectively.

| Future estimated amortization as of September 30, 2024 
 Remainder of 2024                                      |     |   |