Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 683

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 683
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 Depreciation and amortization 
     273,772  
     818,203 
  
    Impairment on investment 
     216,278  

    Stock-based compensation 
     6,699,081  

    Inventory impairment 
     551,492  

    Other income, net 
     (21,390) 
     59,982 
  
    UK R&D tax credit 
     (1,251,243) 
     - 
  
    Loss on initial issuance of convertible note 
     1,770,933  
     - 
  
    Change in fair value of convertible note option liability 
     (840,933) 
     - 
  
    Change in fair value of warrant liabilities 
     (200,124) 
     - 
  
    Change in fair value of Earn-out Share Liability 
     (38,040,000) 
     - 
  
    Other expense 
     244,732  
     (21,857)
  
    Interest income 
     -  
     1,942 
  
    Interest expense 
     1,808,243  
     (5,318,817)
  
    Segment and Consolidated Net loss 
    $(47,547,768) 
    $(15,638,589)

Notes:
(A)-net of depreciation, amortization share-based compensation, provisions and impairments.

    As of and 
For Year Ended
 December 31 
  
    Total Consolidated Assets 
    $21,093,895  
    $20,837,306 
  
    Capital Expenditures 
    $265,445  
    $155,054 

F-40

Veea
Inc. and Subsidiaries

Notes
to the Consolidated Financial Statements 

For
the Years ended December 31, 2024 and 2023

18
- 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