Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 200

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 200
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|----------:|:--|:----|:--|-------------:|:--|
| Inventory           |     | $ | 7,256,166 |   |     | $ |    7,377,966 |   |
| Inventory allowance |     |   |  (904,653 | ) |     |   |     (904,653 | ) |
| Consigned parts     |     |   | 1,425,736 |   |     |   |      985,927 |   |
| Total               |     | $ | 7,777,249 |   |     | $ |    7,459,240 |   |

Property and Equipment, net

Property and equipment, net consists
of the following:

|                                    |     |   |  March 31, 
       2025 |   |     |   | December 31, 
         2024 |   |
|:-----------------------------------|:----|:--|-----------:|:--|:----|:--|-------------:|:--|
| Furniture and fixtures             |     | $ |    703,101 |   |     | $ |      702,122 |   |
| Computer equipment                 |     |   |    330,598 |   |     |   |      327,166 |   |
| Leasehold improvements             |     |   |    390,742 |   |     |   |      390,742 |   |
| Total property and equipment gross |     |   |  1,424,441 |   |     |   |    1,420,030 |   |
| Less - Accumulated depreciation    |     |   | (1,253,070 | ) |     |   |   (1,209,401 | ) |
| Total property and equipment net   |     | $ |    171,371 |   |     | $ |      210,629 |   |

Depreciation expense for the three
months ended March 31, 2025 and 2024, totaled $ and $, respectively.

F-9

6 - GOODWILL AND INTANGIBLE ASSETS

Goodwill

The following is a summary of activity
in goodwill for the three months ended March 31, 2025 and 2024:

| Balance at December 31, 2024  |     | March 31, 
 2025      |