Company: ARAI
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0001641172-25-013826
Chunk: 1

Company: Arrive AI Inc.
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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DEFICIT) 

    Common stock, $0.0002
    par value, 200,000,000 shares authorized, 29,835,038 shares and 29,120,905 issued and outstanding at March 31, 2025, and December
    31, 2024, respectively 
     6,465  
     6,322 
  
    Treasury stock, 2,500,000
    at cost 
     (500) 
     (500)
  
    Additional paid-in capital,
    net of offering costs 
     23,937,941  
     14,984,561 
  
    Subscription receivable 
     (12,784) 
     (53,003)
  
    Accumulated
    deficit 
     (17,898,720) 
     (15,920,555)

    Total
    stockholders’ equity (deficit) 
     6,032,402  
     (983,175)

    TOTAL
    LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 
    $8,068,655  
    $987,788 

See accompanying condensed notes to unaudited financial statements.

 - 3 - 

ARRIVE
AI INC. (FORMERLY ARRIVE TECHNOLOGY INC.) 

STATEMENTS
OF OPERATIONS 

(Unaudited)

    Three Months 

    Ended
    March 31, 

    2025  
    2024 

    REVENUE 
    $-  
    $- 

    GENERAL AND ADMINISTRATIVE
    EXPENSES 

    Salaries and
    wages - office 
     1,583,937  
     498,401 
  
    Legal and professional
    fees 
     200,201  
     174,916 
  
    Research and development 
     91,263  
     88,401 
  
    Licensing fee 
     30,000  
     30,000 
  
    Office supplies and software 
     22,154  
     26,741 
  
    Insurance 
     20,137  
     19,027 
  
    Rent 
     17,550  
     13,150 
  
    Taxes and licenses 
     9,651  
     23,193