Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 197

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 197
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 |              | (969,278    | ) |     |             | -          |   |     |          |         - |
| Intangible assets, net    |     |                         |     | $         | 12,987,252 |     | $         | 218,496 |     | $         | - |     | $      | 13,205,748 |     | $            | (10,680,226 | ) |     | $           | (1,460,910 | ) |     | $        | 1,064,612 |

Intangible assets primarily
consist of patents, patent applications, and in-process research and development (“IPR&D”) and other identifiable intangible
assets. Intangible assets are generally amortized on a straight-line basis over the periods of benefit. The Company’s patents have
estimated remaining economic useful lives ranging from 5-15 years. Management reviews intangible assets for impairment when
events and circumstances warrant. During the year ended December 31, 2023, no events have occurred that required impairment of intangible
assets.

Intangible asset amortization
expense, including impairment charges, for the years ended December 31, 2023 and 2022 totaled $547,586 and $1,228,336, respectively.
Future estimated amortization expense for the Company’s intangible assets is approximately as follows:

| Future estimated amortization as of December 31, 
 2023:                                            
 2024                                             |     |   |  52,549 |
|:-------------------------------------------------|:----|:--|--------:|
| 2025                                             |     |   |  52,549 |
| 2026                                             |     |   |  52,549 |
| 2027                                             |     |   |  52,549 |
| 2028                                             |     |   |  52,549 |
| Thereafter                                       |     |   | 365,733 |
|                                                  |     | $ | 628,478 |

6 - DEBT

Total outstanding debt of
the Company is comprised of the following, including convertible notes and other related party debt:

|                                            |     |           | As of December 31, 2023 |     |                  |           |     |       |            |     |           | As of December 31, 2022 |     |                  |           |     |       |            |
|:-------------------------------------------|:----