Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 184

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 184
---
’s auditor since August 8,
2023.

PCAOB ID No. 127

<div align='center'>* * * * *

F-3

Veea Inc. and Subsidiaries
Consolidated Balance Sheets
As of December 31, 2023 and 2022</div>

| ASSETS                                                                                                                                                                           
 Current Assets                                                                                                                                                                   |     | As of December 31, 
 2023               |              |   |     | 2022 |              |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------------|-------------:|:--|:----|:-----|-------------:|:--|
| Cash                                                                                                                                                                             |     | $                  |    6,010,075 |   |     | $    |      185,881 |   |
| Receivables                                                                                                                                                                      |     |                    |       52,838 |   |     |      |       24,995 |   |
| Inventory, net                                                                                                                                                                   |     |                    |    7,375,621 |   |     |      |    7,547,974 |   |
| Prepaid expenses and other current                                                                                                                                               
 assets                                                                                                                                                                           |     |                    |      513,670 |   |     |      |      124,886 |   |
| Total current assets                                                                                                                                                             |     |                    |   13,952,204 |   |     |      |    7,883,736 |   |
| Property and equipment, net                                                                                                                                                      |     |                    |      376,667 |   |     |      |      577,269 |   |
| Goodwill                                                                                                                                                                         |     |                    |    4,797,078 |   |     |      |    4,576,572 |   |
| Intangible assets, net                                                                                                                                                           |     |                    |      628,477 |   |     |      |    1,064,612 |   |
| Right-of-use lease assets                                                                                                                                                        |     |                    |      545,411 |   |     |      |    1,338,620 |   |
| Investments                                                                                                                                                                      |     |                    |      451,874 |   |     |      |      625,940 |   |
| Security deposits                                                                                                                                                                |     |                    |       85,595 |   |     |      |       96,287 |   |
| Total assets                                                                                                                                                                     |     |