Company: VEEAW
Filing Date: 2025-07-23
Form Type: S-1
Source: 0001213900-25-066815
Chunk: 275

Company: VEEA INC.
Filing Date: 2025-07-23
Form: S-1
Chunk 275
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| Other expense                                                                       |     |                     |     244,732 |   |     |   |     (21,857 | ) |
| Interest income                                                                     |     |                     |           - |   |     |   |       1,942 |   |
| Interest expense                                                                    |     |                     |   1,808,243 |   |     |   |  (5,318,817 | ) |
| Segment and Consolidated Net loss                                                   |     | $                   | (47,547,768 | ) |     | $ | (15,638,589 | ) |

Notes: (A)-net of depreciation, amortization share-based compensation, provisions and impairments.

|                           |     | As of and      
 For Year Ended 
 December 31    |            |     |   |            |
|:--------------------------|:----|:---------------|-----------:|:----|:--|-----------:|
| Total Consolidated Assets |     | $              | 21,093,895 |     | $ | 20,837,306 |
| Capital Expenditures      |     | $              |    265,445 |     | $ |    155,054 |

F-63 Veea Inc. and Subsidiaries Notes to the Consolidated Financial Statements For the Years ended December 31, 2024 and 2023 18 - EMPLOYEE 401(k) PLAN The Company sponsors a 401(k) plan (the “Plan”) to provide retirement benefits for its employees. As allowed under Section 401(k) of the Internal Revenue Code, the Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. The Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. Employee contributions are limited to a maximum annual amount as set periodically by the Internal Revenue Code. The Company matches pretax and Roth employee contributions up to 4% of eligible earnings that are contributed by employees. All matching contributions vest immediately. The Company’s matching contributions to the Plan for the years ended December 31, 2024 and 2023 totaled $ 164,098and $ 159,562, respectively. 19- SUBSEQUENT EVENTS The Company evaluated subsequent events from December 31, 2024, the date of these financial statements, through the date on which the financial statements were issued (the “Issuance Date”), for events requiring recording or disclosure in the financial statements as of and