Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 673

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 673
---
    Year
    ended December 31, 

    2024  
    2023 
  
    Lease cost: 

    Operating lease costs 

    Other than
    related parties 
    $269,915  
    $352,911 
  
    Related
    parties 
     524,599  
     483,592 
  
    Total 
     794,514  
     836,503 

    Short-term lease cost 

    Other than related parties 
     39,145  
     35,749 
  
    Related
    parties 
     -  
     - 
  
    Total 
     39,145  
     35,749 

    Variable lease cost 

    Other than related parties 
     9,893  
     27,917 
  
    Related
    parties 
     -  
     - 
  
    Total 
     9,893  
     27,917 

    Total lease cost 
    $843,552  
    $900,169 

     Year Ended December 31,      2024   2023   Cash paid for amounts included in the measurement of lease liabilities          Operating lease costs            Other than related parties  $269,915   $354,691   Related parties   -    -   Total  $269,915   $354,691                Weight-average remaining lease term-operating leases            Other than related parties   0.4 years    1.3 years   Related Parties   - years    0.2 years   Aggregate   0.4 years    1.2 years       `         Weight-average discount rate-operating leases            Other than related parties   1.79%   1.79%  Related Parties   N/A    10.00%  Aggregate   1.79%   3.07% 

F-33

Veea
Inc. and Subsidiaries
Notes to the Consolidated Financial Statements 
For the Years ended December 31, 2024 and 2023

Operating
lease liabilities are based on the net present