Company: ARAI
Filing Date: 2025-03-24
Form Type: S-1/A
Source: 0001641172-25-000350
Chunk: 173

Company: Arrive AI Inc.
Filing Date: 2025-03-24
Form: S-1/A
Chunk 173
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, 2024, five (5) of the Company’s fifty-nine (59) patents were approved and began being amortized over twenty years. As of December 31, 2023, three (3) patents were approved by the countries in which the patent applications were filed. During the year ended December 31, 2024 the Company filed for thirteen (13) patents for a total filing fee of $76,500. Amortization expense was $812 and $287 for the years ended December 31, 2024 and 2023, respectively.

| 9. | NOTE    
 PAYABLE |

Note payable consists of the following:

|                                                                                                                                                                                                                               |     |   |   2024 |   |     |   |   2023 |   |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------:|:--|:----|:--|-------:|:--|
| Vehicle note payable entered into during 2022 for $40,248 with monthly installment payments of $799, including interest at 6.99% per annum. The loan is collateralized by the respective vehicle and is due in February 2027. |     | $ | 19,082 |   |     | $ | 27,036 |   |
| Total long-term debt                                                                                                                                                                                                          |     |   | 19,082 |   |     |   | 27,036 |   |
| Less current portion                                                                                                                                                                                                          |     |   | (8,524 | ) |     |   | (7,950 | ) |
| LONG-TERM PORTION                                                                                                                                                                                                             |     | $ | 10,558 |   |     | $ | 19,086 |   |

| F-18 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 9. | NOTE                
 PAYABLE (Continued) |

The balance of the above debt matures as follows:

| Year Ended December 31, 
 2025                    |     | Amount |  8,524 |
|:------------------------|:----|:-------|-------:|
| 2026                    |     |        |  9,140 |
| 2027                    |     |        |  1,418 |
| TOTAL LONG-TERM DEBT    |     | $      | 19,082 |

Interest expense related to this note payable for the years ended