Company: VEEAW
Filing Date: 2025-08-06
Form Type: S-1/A
Source: 0001213900-25-072342
Chunk: 268

Company: VEEA INC.
Filing Date: 2025-08-06
Form: S-1/A
Chunk 268
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,579 
    (272 | ) |
|:------------------------------------|:----|:--------|--------:|:--|:----|:--------|:--|:----|:------|--------:|:--|
| Present values of lease             
 liabilities                         |     | $       | 121,579 |   |     | $       | - |     | $     | 121,579 |   |
| Operating lease liabilities current |     |         | 121,579 |   |     |         | - |     |       | 121,579 |   |
| Operating lease liabilities         
 noncurrent                          |     |         |       - |   |     |         | - |     |       |       - |   |
|                                     |     | $       | 121,579 |   |     | $       | - |     | $     | 121,579 |   |

Warranties

The Company accrues the estimated cost of product warranties at the time of recognizing revenue. The Company’s standard product warranty terms generally include post-sales support and repairs or replacement of a product at no additional charge for a specified period of time. The Company engages in product quality programs and processes, including actively monitoring and evaluating the quality of its component suppliers. The estimated warranty obligation is based on contractual warranty terms, repair costs, current period product shipments and product failure rates. Warranty terms are generally limited to twelve months.

Indemnifications

In the normal course of business, the Company has indemnification obligations to other parties, including customers, lessors, and parties to other transactions with us, with respect to certain matters. The Company has agreed to indemnify against losses arising from a breach of representations or covenants or out of intellectual property infringement or other claims made against certain parties. These agreements may limit the time or circumstances within which an indemnification claim can be made and the amount of the claim.

It is not possible to determine the maximum potential amount for claims made under the indemnification obligations due to uncertainties in the litigation process, coordination with and contributions by other parties and the defendants in these types of cases, and the unique facts and circumstances involved in each particular case and agreement. To date, the Company has made no indemnity payments. In addition, the Company has entered into indemnification agreements with its officers and directors, and its Amended and Restated Bylaws contain similar indemnification obligations to its agents.

F-57 Veea Inc. and Subsidiaries Notes to the Consolidated