Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 196

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 196
---
 property and equipment net   |     | $                  |   376,667 |   |     | $ |   577,269 |   |

Total depreciation expense
for the years ended December 31, 2023 and 2022 totaled $237,537 and $269,137, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other
current liabilities consist of the following:

|                                                |     | As of December 31, |      2023 |     |   |      2022 |
|:-----------------------------------------------|:----|:-------------------|----------:|:----|:--|----------:|
| Payroll and payroll related expenses           |     | $                  |   503,629 |     | $ |   324,230 |
| Rent expenses - related party                  |     |                    | 3,124,800 |     |   | 2,592,000 |
| Consulting expenses                            |     |                    |   268,684 |     |   |   356,982 |
| CEO expenses                                   |     |                    |   179,075 |     |   |   789,575 |
| Other accrued expenses and current liabilities |     |                    |   665,308 |     |   |   322,611 |
| Total accrued expenses and other current       
 liabilities                                    |     | $                  | 4,741,495 |     | $ | 4,385,398 |

5 - GOODWILL AND INTANGIBLE ASSETS

Goodwill

The following is a summary
of activity in goodwill for the years ended December 31, 2023 and 2022:

| Balance at December 31, 2021  |     | $ | 5,124,398 |   |
| Foreign exchange transactions |     |   |  (547,826 | ) |
| Balance at December 31, 2022  |     | $ | 4,576,572 |   |
| Foreign exchange transaction  |     |   |   220,506 |   |
| Balance at December 31, 2023  |     | $ | 4,797,078 |   |

<div align='center'>F-19

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

5 - GOODWILL AND INTANGIBLE AS