Company: ARAI
Filing Date: 2025-05-13
Form Type: S-1/A
Source: 0001641172-25-009841
Chunk: 188

Company: Arrive AI Inc.
Filing Date: 2025-05-13
Form: S-1/A
Chunk 188
---
 $         | 5,769 |   |     | $          | 10,924,624 |   |     | $            | (25,505 | ) |     | $           |        - |   |     | $           | (11,382,654 | ) |     | $             |   (477,766 | ) |

<div align='center'>See accompanying notes to financial statements.</div>

| F-37 |

<div align='center'>ARRIVE TECHNOLOGY INC. (FORMERLY DRONEDEK CORPORATION)

STATEMENTS OF CASH FLOWS

For the Years Ended Decmber 31, 2023 and 2022</div>

| CASH FLOWS FROM OPERATING           
 ACTIVITIES                          |     | 2023 |            |   |     | 2022 |            |   |
|:------------------------------------|:----|:-----|-----------:|:--|:----|:-----|-----------:|:--|
| Net loss                            |     | $    | (7,321,134 | ) |     | $    | (2,388,614 | ) |
| Adjustments to reconcile            
 net loss to net cash from operating 
 activities                          |     |      |            |   |     |      |            |   |
| Stock-based compensation            |     |      |  1,730,953 |   |     |      |    446,364 |   |
| Impairment charges                  |     |      |  1,824,923 |   |     |      |          - |   |
| Depreciation and amortization       |     |      |     13,393 |   |     |      |      9,764 |   |
| Changes in operating                
 assets and liabilities              |     |      |            |   |     |      |            |   |
| (Increase) decrease                 
 in                                  |     |      |            |   |     |      |            |   |
| Prepaid expenses                    |     |      |     (8,886 | ) |     |      |      2,910 |   |
| Other current assets                |     |      |      5,692 |   |     |      |          - |   |
| EDGE tax credit receivable          |     |      |          - |   |     |      |      9,195 |   |
| Increase (decrease)                 
 in