Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 257

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 257
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 the Purchase Agreement will terminate.

Property and Equipment, net

|                                    |     |   | September 30, 
          2024 |   |     |   | December 31, 
         2023 |   |
|:-----------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| Furniture and fixtures             |     | $ |       704,660 |   |     | $ |      683,763 |   |
| Computer equipment                 |     |   |       320,130 |   |     |   |      300,101 |   |
| Leasehold improvements             |     |   |       390,742 |   |     |   |      390,742 |   |
| Total property and equipment gross |     |   |     1,415,712 |   |     |   |    1,374,606 |   |
| Less - Accumulated depreciation    |     |   |    (1,163,559 | ) |     |   |     (997,939 | ) |
| Total property and equipment net   |     | $ |       252,153 |   |     | $ |      376,667 |   |

Total depreciation expense for the
three months ended September 30, 2024 and 2023 totaled approximately $ and $, respectively.

Total depreciation expense for the
nine months ended September 30, 2024 and 2023 totaled approximately $ and $, respectively.

<div align='center'>F-53

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

Accrued Expenses and Other Current
Liabilities

|                                                      |     |   | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:-----------------------------------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Payroll and payroll related expenses                 |     | $ |       769,793 |     | $ |      503,629 |
| Rent expenses - related party                        |     |   |     3,524,400 |     |   |    3,124,800 |
| Legal expenses                                       |     |   |       833,333