Company: VEEAW
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001213900-25-074676
Chunk: 272

Company: VEEA INC.
Filing Date: 2025-08-12
Form: S-1/A
Chunk 272
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 financial information is available that is regularly evaluated by
the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s chief operating
decision maker (“CODM”) has been identified as the CEO, who reviews the assets, operating results, and financial metrics for
the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined
that there is only reportable segment.

The CODM assesses the performance of and
decides how to allocate resources for the one segment based on consolidated net loss. Further, EBITDA (earnings before interest taxes,
depreciation and amortization), which is not presented on the face of the Company’s Consolidated Statements of Operations, is used
to assist with the measurement of segment performance and allocate resources. The CODM also uses net loss and adjusted EBITDA, to decide
the level of investment in various operating activities and other capital allocation activities.

The measure of segment assets is reported
on the Company’s Consolidated Balance Sheets as Total Assets.

The following table presents the Company’s
segment results for the years ended December 31, 2024 and 2023:

|                                                                                     |     | For the years ended 
 December 31,        |        2024 |   |     |   |        2023 |   |
|:------------------------------------------------------------------------------------|:----|:--------------------|------------:|:--|:----|:--|------------:|:--|
| Sales, net                                                                          |     | $                   |     141,760 |   |     | $ |   9,072,130 |   |
| Cost of goods sold                                                                  |     |                     |      83,290 |   |     |   |     466,802 |   |
| Segment Gross profit                                                                |     |                     |      58,470 |   |     |   |   8,605,328 |   |
| Operating Expenses:                                                                 |     |                     |             |   |     |   |             |   |
| Product development                                                                 |     |                     |   1,373,351 |   |     |   |     693,448 |   |
| Sales and marketing                                                                 |     |                     |     811,537 |   |     |   |     215,332 |   |
| General and administrative (A)                                                      |     |                     |  19,171,965 |   |