Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 306

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 306
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 |     |   |     (21,857 | ) |
| Interest income                                                                     |     |                     |           - |   |     |   |       1,942 |   |
| Interest expense                                                                    |     |                     |   1,808,243 |   |     |   |  (5,318,817 | ) |
| Segment and Consolidated Net loss                                                   |     | $                   | (47,547,768 | ) |     | $ | (15,638,589 | ) |

Notes: (A)-net of depreciation, amortization share-based compensation, provisions and impairments.

|                           |     | As of and      
 For Year Ended 
 December 31    |            |     |   |            |
|:--------------------------|:----|:---------------|-----------:|:----|:--|-----------:|
| Total Consolidated Assets |     | $              | 21,093,895 |     | $ | 20,837,306 |
| Capital Expenditures      |     | $              |    265,445 |     | $ |    155,054 |

<div align='center'>F-63

Veea Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

For the Years ended December 31, 2024 and 2023</div>

18 - EMPLOYEE 401(k) PLAN

The Company sponsors a 401(k) plan (the “Plan”) to provide retirement benefits for its employees.

As allowed under Section 401(k) of the Internal Revenue Code, the Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. The Plan provides for tax-deferred salary contributions and after-tax contributions for eligible employees. Employee contributions are limited to a maximum annual amount as set periodically by the Internal Revenue Code. The Company matches pretax and Roth employee contributions up to 4% of eligible earnings that are contributed by employees. All matching contributions vest immediately. The Company’s matching contributions to the Plan for the years ended December 31, 2024 and 2023 totaled $164,098 and $159,562, respectively.

19- SUBSEQUENT EVENTS

The Company evaluated subsequent events from December 31, 2024, the date of these financial statements, through the date on which the financial statements were issued (the “Issuance Date”), for events requiring recording or disclosure in the financial statements as of and for the year ended December 31,