Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 19

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 2024:

    June 30, 2025 
  
    Balance at December 31, 2024 
    $4,779,625 
  
    Foreign exchange transactions 
     453,874 
  
    Balance at June 30, 2025 
     5,233,499 

    June 30, 2024 
  
    Balance at December 31, 2023 
    $4,797,078 
  
    Foreign exchange transactions 
     (3,929)
  
    Balance at June 30, 2024 
     4,793,149 

Intangible Assets

Intangible assets consist of the following:

     As of June 30, 2025     Amortization Period  Costs as of December 31, 2024   Additions   Disposals   Ending Costs   Accumulated Amortization   Accumulated Impairment   Net Book Value   Patents  15 years  $7,551,468   $158,464         -    7,709,932    (6,803,650)         -   $906,282   Proprietary technology  10 years   -    6,904,306    -    6,904,306    (89,029)   -    6,815,276   Intangible assets, net      7,551,468    7,062,770    -    14,614,238    (6,892,679)   -    7,721,559  

     As of December 31, 2024     Amortization  Costs as of January 1,           Ending   Accumulated   Accumulated   Net Book      Period  2024   Additions   Disposals   Costs   Amortization   Impairment   Value   Patents  15 years  $7,332,227   $219,241   $-   $7,506,485   $(6,765,407)  $-   $786,061   IPR&D  5 years   5,015,694