Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1927

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 1927
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 The Company believes that these estimates, judgments and assumptions are reasonable under the circumstances.
These estimates, judgments, and assumptions impact the reported amounts of assets, liabilities, revenue, and expenses, and the related
disclosure of contingent assets and liabilities. Actual results could differ from these estimates. Changes in such estimates could affect
amounts reported in future periods. On an ongoing basis, the Company evaluates its estimates and judgments including those related to:
liquidity and going concern, the useful lives and recoverability of property and equipment and definite-lived intangible assets; the
recoverability of goodwill and indefinite-lived intangible assets; the carrying value of accounts receivable, including the determination
of the allowance for credit losses; inventory, including the determination of allowances for estimated excess or obsolescence; the fair
value 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