Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 250

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 250
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30, 2024 and 2023 totaled approximately $56,000 and $64,000, respectively.

<div align='center'>F-53

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

Total depreciation expense for the
nine months ended September 30, 2024 and 2023 totaled approximately $166,000 and $181,000, respectively.

Accrued Expenses and Other Current
Liabilities

Accrued expenses and other current
liabilities consist of the following:

|                                                      |     |   | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:-----------------------------------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Payroll and payroll related expenses                 |     | $ |       769,793 |     | $ |      503,629 |
| Rent expenses - related party                        |     |   |     3,524,400 |     |   |    3,124,800 |
| Legal expenses                                       |     |   |       833,333 |     |   |      325,000 |
| Consulting expenses                                  |     |   |        80,917 |     |   |      268,684 |
| CEO expenses                                         |     |   |       119,075 |     |   |      179,075 |
| Other accrued expenses and current liabilities       |     |   |       922,005 |     |   |      340,307 |
| Total accrued expenses and other current liabilities |     | $ |     6,249,523 |     | $ |    4,741,495 |

6 - GOODWILL AND INTANGIBLE ASSETS

Goodwill

The following is a summary of activity
in goodwill for the three and nine months ended September 30, 2024 and 2023:

| Balance at December 31, 2023  |     | September 30, 
 2024          | 4,797,078 |   |
|:------------------------------|:----|:--------------|----------:|:--|
| Foreign exchange transactions |     |               |    16,156 |   |
| Balance at March 31, 2024     |     |               |