Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 267

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 267
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     |                   |      1.79 | % |     |      |      4.01 | % |

Operating lease liabilities are based
on the net present value of the remaining lease payments over the remaining lease term. In determining the net present value of its lease
payments, the Company used an estimated incremental borrowing rate that is applicable to the Company based on the information available
at the later of the lease commencement date, lease modification date, or the date of adoption of ASC 842. As of September 30, 2024, the
maturities of the Company’s operating lease liabilities were as follows:

| Year                                   |     | Other than 
 related    
 parties    |         |   |     | Related 
 Parties |   |     | Total |         |   |
|:---------------------------------------|:----|:-----------|--------:|:--|:----|:--------|:--|:----|:------|--------:|:--|
| Remainder of 2024                      |     | $          | 120,434 |   |     | $       | - |     | $     | 120,434 |   |
| 2025                                   |     |            | 121,851 |   |     |         | - |     |       | 121,851 |   |
| Total lease payments                   |     |            | 242,285 |   |     |         | - |     |       | 242,285 |   |
| Less: imputed interest                 |     |            | (30,940 | ) |     |         | - |     |       | (30,940 | ) |
| Present values of lease liabilities    |     | $          | 211,345 |   |     | $       | - |     | $     | 211,345 |   |
| Operating lease liabilities current    |     |            | 211,345 |   |     |         | - |     |       | 211,345 |   |
| Operating lease liabilities noncurrent |     |            |       - |   |     |         | - |     |       |       - |   |
|                                        |     | $          | 211,345 |   |     | $       | - |     | $     | 211,345 |   |

Warranties

The Company accrues the estimated
cost of product warranties at the time of recognizing revenue. The Company’s standard product warranty terms generally