Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 202

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 202
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           | (1,460,910 | ) |     | $        | 786,061 |

Intangible assets primarily consist
of patents, patent applications, and in-process research and development (“IPR&D”) and other identifiable intangible assets.
Intangible assets are generally amortized on a straight-line basis over the periods of benefit. The Company’s patents have estimated
remaining economic useful lives ranging from - years. Management reviews intangible assets for impairment when events and circumstances
warrant. During the three months ended March 31, 2025 and 2024, there were no events that necessitated additional impairment of intangible
assets.

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

F-10

Future estimated amortization expense
for the Company’s intangible assets is approximately as follows:

| Future estimated amortization as of March 31, 2025 
 Remainder of 2025                                  |     |   |  57,000 |
|:---------------------------------------------------|:----|:--|--------:|
| 2026                                               |     |   |  76,000 |
| 2027                                               |     |   |  76,000 |
| 2028                                               |     |   |  76,000 |
| 2029                                               |     |   |  76,000 |
| Thereafter                                         |     |   | 537,052 |
|                                                    |     | $ | 898,052 |

7 - DEBT

Total outstanding debt of the Company
is comprised of the following, including convertible notes and other related party debt:

| March 31, 2025           |     | Principal |            |     | Debt     
 Discount |          |   |     | Accrued  
 Interest |   |     | Total |            |
|:-------------------------|:----|:----------|-----------:|:----|:---------|:---------|:--|:----|:---------|:--|:----|:------|-----------:|
| Revolving Loan Facility  |     | $         | 14,000,000 |     | $        | -        |   |     | $        | - |     | $     | 14,000,000 |
| Convertible note payable |     |           |    750,000 |     |          | (422,321 | ) |     |