Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 354

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 354
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 of warrants; the fair value of acquisition- related contingent consideration arrangements; unrecognized tax benefits; legal contingencies;
the incremental borrowing rate for the Company’s leases; and the valuation of stock-based compensation, among others.

F-8

Veea
                                            Inc. and Subsidiaries
                                            Notes to the Consolidated Financial Statements 
                                            For the Years ended December 31, 2024 and 2023

Reclassification

Certain
amounts from prior period financial statements have been reclassified to align with the presentation used in the current consolidated
financial statements for comparative purposes. These reclassifications had no material effect on the Company’s previously issued
financial statements.

Emerging
Growth Company Status

The
Company is an emerging growth company, as defined in the JOBS Act. Under the JOBS Act, emerging growth companies can delay adopting new
or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private
companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that
have different effective dates for public and private companies until the earlier of the date that it (i) is no longer an emerging growth
company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, these
financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company
effective dates.

Segment
Information

The Company complies with ASU 2023-07,
“Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which improves reportable segment disclosure
requirements, primarily through enhanced disclosures about significant segment expenses among other disclosure requirements.
See Note 17 – Segment information for more information.

Fair Value Measurement

Fair
value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous
market in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value
maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels
of inputs, of which the first two are considered observable and the last is considered unobservable:

Level 1 -  Observable
                                            inputs obtained from independent sources, such as quoted market prices for identical assets
                                            and liabilities in