Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 248

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 248
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 the Company’s financial statements.

Veea Transaction related expenses

The below table represents the amount
of Veea Inc. related transaction expenses included in operating expenses as of September 30, 2024:

|                      |     | September 30, 
 2024          |           |
|:---------------------|:----|:--------------|----------:|
| Legal expenses       |     | $             | 1,000,000 |
| Professional fees    |     |               |   413,544 |
| Listing fee - NASDAQ |     |               |    25,000 |
| Total                |     | $             | 1,438,544 |

5 - BALANCE SHEET COMPONENTS

Inventory

Inventory consists of the following:

|                     |     |   | September 30, 
          2024 |   |     |   | December 31, 
         2023 |   |
|:--------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| Inventory           |     | $ |     7,352,841 |   |     | $ |    7,392,919 |   |
| Inventory allowance |     |   |      (353,161 | ) |     |   |   (1,145,548 | ) |
| Consigned parts     |     |   |       977,597 |   |     |   |    1,128,250 |   |
| Total               |     | $ |     7,977,277 |   |     | $ |    7,375,621 |   |

Prepaid and other current assets

Prepaid and other current assets consists
of the following:

|                                    |     |   | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:-----------------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Prepaid expenses                   |     | $ |       258,178 |     | $ |      177,027 |
| iFree - inventory purchase deposit |     |   |     5,000,000 |     |   |            - |
| Production deposit                 |     |   |       336,643 |     |   |      336,643 |
| Other current assets               |     |   |        24,079 |     |