Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 161

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 161
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 |  50,000 |   |
| Construction in progress          |     |   |  38,155 |   |     |   |       - |   |
| Total property and equipment      |     |   | 146,598 |   |     |   | 108,443 |   |
| Less: accumulated depreciation    |     |   | (51,173 | ) |     |   | (22,870 | ) |
| TOTAL PROPERTY AND EQUIPMENT, NET |     | $ |  95,425 |   |     | $ |  85,573 |   |

For the years ended December 31, 2024 and 2023, total depreciation expense was $28,303 and $13,106, respectively. In December 2023, the Company acquired fixed assets as part of an asset purchase agreement. See details in Note 15.

7. PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:

SCHEDULE OF PREPAID
EXPENSES AND OTHER CURRENT ASSETS

|                            |     |   |    2024 |     |   |  2023 |
|:---------------------------|:----|:--|--------:|:----|:--|------:|
| Deferred offering costs    |     | $ | 427,898 |     | $ |     - |
| Prepaid payroll wages      |     | $ |  38,271 |     | $ |     - |
| Prepaid insurance          |     |   |  10,017 |     |   | 1,714 |
| Prepaid software and other |     |   |   7,579 |     |   | 7,429 |
| TOTAL PREPAID EXPENSES     |     | $ | 483,765 |     | $ | 9,143 |

| F-17 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 7. | PREPAID                                       
 EXPENSES AND OTHER CURRENT ASSETS (Continued) |

Pursuant to ASC 340-10-S99-1, costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. Deferred offering costs consist of underwriting, legal, accounting, and other expenses incurred