Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 74

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 74
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 adjustments to reconcile net loss to
cash used in operating activities for the current period included depreciation and amortization of $7,391, compared to $7,255 for the
prior year period.

Investing Activities

Net cash used for investing activities was $2,832
in the period. This was due to an increase in construction in progress for final installation costs related to an Arrive Point asset
deployed to a customer location.

Financing Activities

Net cash provided by financing activities was
$715,553 in the period. This was due to new equity issuances and conversion of outstanding warrants. Funds raised through a crowdfunding
campaign included new gross equity investment ($288,002), a net release of funds from prior crowdfunding issuances ($40,219), offset
by funding costs associated with the campaign ($59,468), resulting in new funds from crowdfunding of $268,753.

The Company also issued new shares to accredited
investors for net proceeds of $152,000, and to an existing investor in exchange for a warrant conversion, resulting in net proceeds of
$296,875. Payments made on an outstanding note for the company cargo van totaled $2,075 in the period.

Comparison of the Years Ended December 31, 2024 and 2023

As of December 31, 2024, the Company had cash of $129,318 compared to $325,472 as of December 31, 2023. Since its inception, the Company has incurred net losses and funded its operations primarily through the issuance of equities. As of December 31, 2024, the Company had a total stockholders’ deficit of $(983,175) compared to $(477,766) as of December 31, 2023.

The Company has incurred recurring losses from operations, and as of December 31, 2024, had an accumulated deficit of $15,920,555 (2023: $11,382,654) and a working capital of $(1,343,143) (2023: ($743,666)). The Company’s continued existence is dependent upon its ability to continue to execute its operating plan and to obtain additional debt or equity financing. The Company has developed plans to raise funds and continues to pursue sources of funding that management believes, if successful, would be sufficient to support the Company’s operation. During the period ended December 31, 2024, the Company raised $2,643,626 (net of offering costs) through Common Stock issu