Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1098

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 1098
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     - 
  
    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
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 years ended December 31, 2024 and 2023 totaled $164,098 and $159,562,
respectively.

19-
SUBSEQUENT EVENTS

The Company evaluated subsequent events from December 31, 2024, 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 year ended December 31, 2024. The Company concluded
that no events have occurred