Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 174

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 174
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 | 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 through the balance sheet date that are directly related to the proposed public offering. Should the proposed public offering prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be expensed. The Company filed its S-1 Registration Statement on December 23, 2024 and an amended S-1/A on January 27, 2025. The Company is working to resolve all remaining inquiries before the registration can become effective.

| 8. | PATENTS, 
 NET      |

Patents consist of the following:

|                                |     |   |    2024 |   |     |   |    2023 |   |
|:-------------------------------|:----|:--|--------:|:--|:----|:--|--------:|:--|
| Patents                        |     | $ | 274,700 |   |     | $ | 198,200 |   |
| Total patents                  |     |   | 274,700 |   |     |   | 198,200 |   |
| Less: accumulated amortization |     |   |  (1,099 | ) |     |   |    (287 | ) |
| TOTAL PATENTS                  |     | $ | 273,601 |   |     | $ | 197,913 |   |

As of December 31, 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