Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 205

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 205
---
estimated remaining economic useful lives ranging from - years. Management reviews intangible assets for impairment when
events and circumstances warrant. During the year ended December 31, 2023, no events have occurred that required impairment of intangible
assets.

Intangible asset amortization
expense, including impairment charges, for the years ended December 31, 2023 and 2022 totaled $ and $, respectively.

| Future estimated amortization as of December 31, 
 2023:                                            
 2024                                             |     |   |  52,549 |
|:-------------------------------------------------|:----|:--|--------:|
| 2025                                             |     |   |  52,549 |
| 2026                                             |     |   |  52,549 |
| 2027                                             |     |   |  52,549 |
| 2028                                             |     |   |  52,549 |
| Thereafter                                       |     |   | 365,733 |
|                                                  |     | $ | 628,478 |

6 - DEBT

|                                            |     |           | As of December 31, 2023 |     |                  |           |     |       |            |     |           | As of December 31, 2022 |     |                  |           |     |       |            |
|:-------------------------------------------|:----|:----------|------------------------:|:----|:-----------------|----------:|:----|:------|-----------:|:----|:----------|------------------------:|:----|:-----------------|----------:|:----|:------|-----------:|
|                                            |     | Principal |                         |     | Accrued Interest |           |     | Total |            |     | Principal |                         |     | Accrued Interest |           |     | Total |            |
| Revolving Loan Facility                    |     | $         |               9,000,000 |     | $                |         - |     | $     |  9,000,000 |     | $         |              14,000,000 |     |                  |           |     | $     | 14,000,000 |
| Convertible Notes, related party (Note 10) |     |           |                       - |     |                  |         - |     |       |          - |     |           |               9,069,516 |     |                  | 1,