Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 189

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 189
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---|:----|:--|--------:|:--|:----|:--|--------:|:--|
| 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 filing fee of $ 76,500. Amortization expense was $ 812and $ 287for the years ended December 31, 2024 and 2023, respectively.

9. NOTE PAYABLE

Note payable consists of the following:

SCHEDULE OF NOTES PAYABLE

|                                                                                                                                           |     |   |   2024 |   |     |   |   2023 |   |
|:------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------:|:--|:----|:--|-------:|:--|
| Vehicle note payable entered                                                                                                              
 into during 2022 for $40,248 with monthly installment payments of $799, including interest at 6.99% per annum. The loan is collateralized 
 by the respective vehicle and is due in February 2027.                                                                                    |     | $ | 19,082 |   |     | $ | 27,036 |   |
| Total long-term debt                                                                                                                      |     |   | 19,082 |   |     |   | 27,036 |   |
| Less current portion                                                                                                                      |     |   | (8,524 | ) |     |   | (7,950 | ) |
| LONG-TERM PORTION                                                                                                                         |     | $ | 10,558 |   |     | $ | 19,086 |   |

| F-17