Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 62

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 62
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 development with a F500 customer and is on-track to be deployed in 2025. Success requires delivering a user-friendly, competitively priced solution with scalable manufacturing, marketing, and distribution meeting the needs for a universal ALM Access Point for all drone, robotic, and human pickup and delivery. Once achieved as scheduled in 2026 with AP5, we can pursue broader market adoption beyond pilot programs to generate scalable and sustainable revenue growth. While we believe in our plans, and are optimistic that we can continue to achieve them, there is no guarantee that we will achieve product market fit or be successful in our commercialization and plans.

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Factors Affecting our Business and Results of Operations

This section includes a summary of our historical results of operations, followed by detailed comparisons of our results for the years ended December 31, 2024 and December 31, 2023. We have derived this data from our financial statements included elsewhere in this prospectus.

The Company’s auditor has completed a review of its 2024 and 2023 financial performance in accordance with the standards of the PCAOB. The Company has not started commercial operations but has incurred expenses in connection with corporate and administrative matters, development of its products and services and applications for patents. These expenses include cash and stock-based compensation for services rendered, legal and audit fees, and development hardware. As a result, the Company reported a net loss in all reporting periods. An analysis of the Company’s operating performance for the periods ended December 31, 2024 and December 31, 2023, together with the Company’s income statement summarizing income and expense items are presented below.

Results of Operations

Comparison of Years Ended December 31, 2024, and December 31, 2023

| GENERAL AND ADMINISTRATIVE EXPENSES         |     | Years Ended December 
 31,                  
 2024                 |            |   |     | 2023 |            |   |
|:--------------------------------------------|:----|:---------------------|-----------:|:--|:----|:-----|-----------:|:--|
| Salaries and wages - office                 |     | $                    |  2,384,925 |   |     | $    |  2,610,407 |   |
| Impairment losses                           |     |                      |          - |   |     |      |  1,824,923 |   |
| Legal and professional fees                 |     |                      |