Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 205

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 205
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| F-28 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 18. | INCOME            
 TAXES (Continued) |

Economic Development for a Growing Economy (EDGE) Tax Credit (Continued)

As identified in Note 1, the Company is not expected to have taxable income within the next operating year from the date these financial statements are issued, therefore, the Credit is classified as a long-term asset to be used against future Indiana taxable income. For the years ended December 31, 2024 and 2023, the Company was eligible for the Credit in the amount of $ 17,103and $ 17,073, respectively. For the years ended December 31, 2024 and 2023 , the Company recorded a valuation allowance against the available Credit as State taxable income is not expected.

19. SUBSEQUENT EVENTS

Subsequent events are events or transactions that occur after the balance sheet date but before the financial statements are issued or are available to be issued. These events and transactions either provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing the financial statements (that is, recognized subsequent events), or provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date (that is, non-recognized subsequent events).

The Company continues to raise capital from external investors. Since December 31, 2024, the Company has issued 17,225shares (on a post-reverse split basis) for $ 223,925on a crowdfunding platform, as well as 4,000shares (on a post-reverse split basis) to two accredited investors for $ 52,000. The Company has also awarded 610,221shares (on a post-reverse split basis) to directors and consultants in exchange for services.

The Company has evaluated subsequent events through March 12, 2025, which was the date that these financial statements were available for issuance.

| F-29 |

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

BALANCE SHEETS

(Unaudited)</div>

|                                                                                                                                   |     | March 31,  
 2025       |             |   |     | December 31, 
 2024         |             |   |
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