Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 220

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 220
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 December 31, 
 2023                     |             |   |     | 2022 |             |   |
|:---------|:----|:-------------------------|:------------|:--|:----|:-----|:------------|:--|
| Domestic |     | $                        | (9,557,067  | ) |     | $    | (27,041,252 | ) |
| Foreign  |     |                          | (6,081,522  | ) |     |      | (8,158,787  | ) |
| Net Loss |     | $                        | (15,638,589 | ) |     | $    | (35,200,039 | ) |

Provision for income taxes
for the years ended December 31, 2023 and 2022, consisted of the following:

| Current tax provision            |     | Years ended December 31, 
 2023                     |        |     | 2022 |        |
|:---------------------------------|:----|:-------------------------|-------:|:----|:-----|-------:|
| Federal                          |     | $                        |      - |     | $    |      - |
| State and local                  |     |                          |  7,141 |     |      | 10,276 |
| Foreign                          |     |                          | 67,356 |     |      |  9,985 |
| Total current tax provision      |     |                          | 74,497 |     |      | 20,261 |
| Deferred tax provision           |     |                          |        |     |      |        |
| Federal                          |     |                          |      - |     |      |      - |
| State and local                  |     |                          |      - |     |      |      - |
| Foreign                          |     |                          |      - |     |      |      - |
| Total deferred tax provision     |     |                          |      - |     |      |      - |
| Total provision for income taxes |     | $                        | 74,497 |     | $    | 20,261 |

Deferred tax assets (liabilities)
consist of the following:

| Deferred tax assets                  |     | Years ended December 31, 
 2023                     |             |   |     | 2022 |             |   |
|:-------------------------------------|:----|:-------------------------|------------:|:--|:----