Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 126

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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 64.444 

The weighted average potential shares
of common stock that were excluded from the calculation of net income (loss) per share-diluted because the performance or market conditions
associated with these awards were not met are as follows for the periods presented:

    Three Months Ended  September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Earn-Out Liability 
     4,500,000  
            -  
     4,500,000  
             - 

17 - EMPLOYEE 401(k) PLAN

The Company sponsors a 401(k) plan
(the “Plan”) to provide retirement benefits for its employees.

As allowed under Section 401(k) of
the Internal Revenue Code, the Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees.
The Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. Employee contributions are
limited to a maximum annual amount as set periodically by the Internal Revenue Code. The Company matches pretax and Roth employee contributions
up to 4% of eligible earnings that are contributed by employees. All matching contributions vest immediately. The Company’s matching
contributions to the Plan for the nine months ended September 30, 2025 and 2024, totaled $73,899 and $116,879, respectively. A total of
$237,997 is reflected in accrued expenses in the condensed consolidated balance sheet for matching contributions accrued but not yet paid.

18 - SUBSEQUENT EVENTS

The Company evaluated subsequent events
from September 30, 2025, the date of these financial statements, through the date on which the financial statements were issued (the “Issuance
Date”), for events requiring recording or disclosure in the financial statements as of and for the nine months ended September 30,
2025. The Company concluded that no events have occurred that would require recognition or disclosure in the financial statements.

26

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

The following discussion
and analysis of the financial condition and results of operations of Veea should be read together with our audited consolidated financial
statements and unaudited consolidated condensed financial statements. In addition to our historical consolidated financial information,
this discussion includes forward-looking information regarding our business, results of operations and cash flows, and contractual