Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 95

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 95
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centive Plan

On
July 18, 2025, we issued 2,264 fully vested shares under the 2023 Equity Incentive Plan to a consultant. On October 6, 2025, we issued
21,876 restricted stock units under the plan to three independent directors, subject to a one-year vesting.

- 29 -

Results
of Operations

Comparison
of the Three Months Ended September 30, 2025, and September 30, 2024

Revenues:

    Three Months Ended
                                                                                September 30,  
    $  
    % 

    2025  
    2024  
    Change  
    Change 

    Consulting services 
    $-  
    $-  
    $-  
     NM%
  
    Installation 
     2,175  
     -  
     2,175  
     NM 
  
    Subscription 
     5,275  
     -  
     5,275  
     NM 

    $7,450  
    $-  
    $7,450  
     NM%

During
the three months ended September 30, 2025, we recognized total revenues of $7,450. Of this, $5,275 was for monthly subscriptions, and
$2,175 was for installation fees. Consulting services, and installation fees are typically project-based and non-recurring in nature.
Subscription services are recurring and paid either up-front or monthly for an annual term. We anticipate these revenue streams to continue
in future quarters while we develop new revenue models for the autonomous delivery marketplace and AI data insight monetization.

As
a development stage company, during the three months ended September 30, 2024, we had no revenues. Percentage change from the prior year
period is therefore not meaningful (“NM”).

Operating
Expenses:

    Three Months Ended
                                                                                September 30,  
    $  
    % 

    2025  
    2024  
    Change  
    Change 

    General and administrative 
    $1,370,347  
    $791,639  
    $578,708  
     73%
  
    Research and development 
     179,854  
     7,940  
     171,914  
     2,165 
  
    Sales and