Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 14

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 14
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ANCIAL AND OTHER DATA The following tables set forth our summary of historical financial data as of September 30, 2024 and September 30, 2023. The summary statements of operations data for the periods ended September 30, 2024 and September 30, 2023 are derived from our audited financial statements and notes that are included elsewhere in this prospectus. Our board of directors and our stockholders each approved the Reverse Stock Split. On November 25, 2024, we filed a certificate of amendment of certificate of incorporation with the State of Delaware to immediately effect the Reverse Stock Split. All share and per share information in this prospectus are presented after giving effect to the Reverse Stock Split retrospectively for all periods presented, unless otherwise stated or the context otherwise requires. We have prepared the audited financial statements in accordance with the U.S. generally accepted accounting principles (“GAAP”). Our historical results are not necessarily indicative of our results in any future period. Results from our interim period may not necessarily be indicative of the entire year’s results.

|                                      |     |   | For the Nine Months Ended 
        September 30, 2024 |   |     |   | For the Nine Months Ended 
        September 30, 2023 |   |
|:-------------------------------------|:----|:--|--------------------------:|:--|:----|:--|--------------------------:|:--|
| Statement of Operations Data:        |     |   |                           |   |     |   |                           |   |
| General and Administrative Expenses  |     | $ |                 3,227,161 |   |     | $ |                 2,371,397 |   |
| Loss From Operations                 |     | $ |                 3,199,606 |   |     | $ |                 2,396,719 |   |
| Net loss                             |     | $ |                 3,199,606 |   |     | $ |                 2,396,719 |   |
| Statement of Cash Flows Data:        |     |   |                           |   |     |   |                           |   |
| Cash Flows From Operating Activities |     | $ |                (1,959,447 | ) |     | $ |                (2,094,731 | ) |
| Cash Flows From Investing Activities |     | $ |                         - |   |     | $ |                  (100,883 | ) |
| Cash Fl