Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 193

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 193
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915  
    $352,911 
  
    Related
    parties 
     524,599  
     483,592 
  
    Total 
     794,514  
     836,503 

    Short-term lease cost 

    Other than related parties 
     39,145  
     35,749 
  
    Related
    parties 
     -  
     - 
  
    Total 
     39,145  
     35,749 

    Variable lease cost 

    Other than related parties 
     9,893  
     27,917 
  
    Related
    parties 
     -  
     - 
  
    Total 
     9,893  
     27,917 

    Total lease cost 
    $843,552  
    $900,169 

     Year Ended December 31,      2024   2023   Cash paid for amounts included in the measurement of lease liabilities          Operating lease costs            Other than related parties  $269,915   $354,691   Related parties   -    -   Total  $269,915   $354,691                Weight-average remaining lease term-operating leases            Other than related parties   0.4 years    1.3 years   Related Parties   - years    0.2 years   Aggregate   0.4 years    1.2 years       `         Weight-average discount rate-operating leases            Other than related parties   1.79%   1.79%  Related Parties   N/A    10.00%  Aggregate   1.79%   3.07% 

F-33

Veea
Inc. and Subsidiaries
Notes to the Consolidated Financial Statements 
For the Years ended December 31, 2024 and 2023

Operating
lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the
net present value of its lease payments, the Company used an estimated incremental borrowing rate that is applicable to the Company based
on the information available at the later