Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1190

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1190
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 public and private companies until the earlier of the date that it (i) is no longer an emerging growth
company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, these
financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company
effective dates.

Segment
Information

The Company complies with ASU 2023-07,
“Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which improves reportable segment disclosure
requirements, primarily through enhanced disclosures about significant segment expenses among other disclosure requirements.
See Note 17 – Segment information for more information.

Fair Value Measurement

Fair
value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous
market in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value
maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels
of inputs, of which the first two are considered observable and the last is considered unobservable:

Level 1 -  Observable
                                            inputs obtained from independent sources, such as quoted market prices for identical assets
                                            and liabilities in active markets.

Level 2 -  Other
                                            inputs, which are observable directly or indirectly, such as quoted market prices for similar
                                            assets or liabilities in active markets, quoted market prices for identical or similar assets
                                            or liabilities in markets that are not active, and inputs that are derived principally from
                                            or corroborated by observable market data.

Level 3 -  Unobservable
                                            inputs for which there is little or no market data and require the Company to develop its
                                            own assumptions, based on the best information available in the circumstances, about the
                                            assumptions market participants would use in pricing the assets or liabilities.

The
Company issued common stock warrants classified as equity securities which do not require recurring fair value measurement. See Note
11 – Warrants for the assumptions used in estimating the fair value of such common stock warrants.

F-9

Veea
Inc. and Subsidiaries

Notes
to the Consolidated Financial Statements 

For
the Years ended December 31, 2024 and 2023

Recurring
Fair Value Measurements

The
following methods