Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 269

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 269
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468   $158,464         -    7,709,932    (6,803,650)         -   $906,282   Proprietary technology  10 years   -    6,904,306    -    6,904,306    (89,029)   -    6,815,276   Intangible assets, net      7,551,468    7,062,770    -    14,614,238    (6,892,679)   -    7,721,559  

     As of December 31, 2024     Amortization  Costs as of January 1,           Ending   Accumulated   Accumulated   Net Book      Period  2024   Additions   Disposals   Costs   Amortization   Impairment   Value   Patents  15 years  $7,332,227   $219,241   $-   $7,506,485   $(6,765,407)  $-   $786,061   IPR&D  5 years   5,015,694    -          -    5,015,694    (3,554,784)   (1,460,910)   -   Intangible assets, net     $12,347,921   $219,241   $-   $12,552,179   $(10,320,191)  $(1,460,910)  $786,061  

Intangible assets primarily consist
of proprietary technology, 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 5-15 years and the proprietary technology associated with the Crowdkeep
Transaction, as defined below, has an estimated remaining useful life of 10 years. Management reviews intangible assets for impairment