Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1143

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1143
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significant assumptions used in Note 3, Summary of Significant Accounting Policies and Note 6, Goodwill and Intangible Assets,
to the accompanying consolidated financial statements included elsewhere in this Annual Report.

Impairment of Long-Lived Assets

Long-lived assets with finite lives consist primarily
of property and equipment, operating lease right-of-use assets, and intangible assets which are reviewed for impairment whenever events
or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held
and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated
by the asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized
by the amount by which the carrying amount of the asset exceeds the fair value of the asset. See additional information on valuation methodologies
and significant assumptions used in Note 3, Summary of Significant Accounting Policies and Note 6, Goodwill and Intangible Assets,
to the accompanying consolidated financial statements included elsewhere in this Annual Report.

Recently Adopted Accounting Pronouncements

See Note 3, Summary of Significant Accounting Policies
to the accompanying consolidated financial statements included elsewhere in this Annual Report for a description of recently adopted accounting
standards.

Recently Issued Accounting Pronouncements

See Note 3, Summary of Significant Accounting Policies
to the accompanying consolidated financial statements included elsewhere in this Annual Report for a description of certain recently issued
accounting standards which may impact our financial statements in future reporting periods.

63

ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Pursuant to Item 305(e) of Regulation
S-K (§ 229.305(e)), the Company is not required to provide the information required by this Item as it is a “smaller reporting
company,” as defined by Rule 229.10(f)(1) under the Securities Act.

ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA

The
information required by this Item is included in this Annual Report as set forth in the “Index to Consolidated Financial Statements”
which appears on page F-1 of this Annual Report, after the signature pages of this Annual Report, and is incorporated by reference herein.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

On
September 19,