Company: VEEAW
Filing Date: 2025-07-23
Form Type: S-1
Source: 0001213900-25-066815
Chunk: 246

Company: VEEA INC.
Filing Date: 2025-07-23
Form: S-1
Chunk 246
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eea Transaction related expenses

The below table represents the amount of Veea Inc. related transaction expenses included in operating expenses for the year ended December 31, 2024:

|                      |     | December 
 31,      
 2024     |           |
|:---------------------|:----|:---------|----------:|
| Legal expenses       |     | $        | 1,000,000 |
| Professional fees    |     |          |   413,544 |
| Listing fee - NASDAQ |     |          |    25,000 |
| Total                |     | $        | 1,438,544 |

5 - BALANCE SHEET COMPONENTS

Inventory, net

Inventory consists of the following:

|                     |     |   |  December 
       31, 
      2024 |   |     |   |   December 
        31, 
       2023 |   |
|:--------------------|:----|:--|----------:|:--|:----|:--|-----------:|:--|
| Inventory           |     | $ | 7,377,966 |   |     | $ |  7,392,919 |   |
| Inventory allowance |     |   |  (904,653 | ) |     |   | (1,145,548 | ) |
| Consigned parts     |     |   |   985,927 |   |     |   |  1,128,250 |   |
| Total               |     | $ | 7,459,240 |   |     | $ |  7,375,621 |   |

F-42 Veea Inc. and Subsidiaries
Notes to the Consolidated Financial Statements
For the Years ended December 31, 2024 and 2023

Prepaid and other current assets

Prepaid and other current assets consists of the following:

|                            |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:---------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Prepaid expenses           |     | $ |      312,239 |     | $ |      177,027 |
| Inventory purchase deposit |     |   |    5,000,000 |     |   |            - |
| Production deposit         |     |   |