Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 259

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 259
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           | - |     |        |  5,015,694 |     |              | (3,554,784  | ) |     |             | (1,460,910 | ) |     |          |       - |
| Other intellectual assts |     | 5 years                 |     |             |    969,278 |     |           |       - |     |           | - |     |        |    969,278 |     |              | (969,278    | ) |     |             | -          |   |     |          |       - |
| Intangible assets, net   |     |                         |     |           $ | 13,205,748 |     | $         | 111,451 |     | $         | - |     | $      | 13,317,199 |     | $            | (11,227,812 | ) |     | $           | (1,460,910 | ) |     | $        | 628,477 |

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 nine months ended September 30, 2024 and 2023, no events have occurred that required additional impairment
of intangible assets.

Intangible asset amortization expense,
for the three months ended September 30, 2024 and 2023 totaled approximately $11,000 and $534,000, respectively.

Intangible asset amortization expense,
for the nine months ended September 30, 2024 and 2023 totaled approximately $39,000 and $553,000, respectively.

Future estimated amortization expense
for the Company’s intangible assets is approximately as follows:

| Future estimated amortization as of September 
 30, 2024                                      
 Remainder of 2024                             |     |   |  13,447 |
|:----------------------------------------------|:----|:--|--------:|
| 2025                                          |     |   |  55,444 |
| 2026                                          |     |   |  55,444 |
| 2027                                          |     |