Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 173

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 173
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 described in Note 2. The Company used various key assumptions, such as the fair value of the common stock, volatility, the risk-free interest rate, and expected term (remaining contractual term of the warrants).

| 6. | PROPERTY      
 AND EQUIPMENT |

Property and equipment consist of the following:

|                                   |     |   |    2024 |   |     |   |    2023 |   |
|:----------------------------------|:----|:--|--------:|:--|:----|:--|--------:|:--|
| Vehicle                           |     | $ |  58,443 |   |     | $ |  58,443 |   |
| Equipment                         |     |   |  50,000 |   |     |   |  50,000 |   |
| Construction in progress          |     |   |  38,155 |   |     |   |       - |   |
| Total property and equipment      |     |   | 146,598 |   |     |   | 108,443 |   |
| Less: accumulated depreciation    |     |   | (51,173 | ) |     |   | (22,870 | ) |
| TOTAL PROPERTY AND EQUIPMENT, NET |     | $ |  95,425 |   |     | $ |  85,573 |   |

For the years ended December 31, 2024 and 2023, total depreciation expense was $28,303 and $13,106, respectively. In December 2023, the Company acquired fixed assets as part of an asset purchase agreement. See details in Note 15.

| 7. | PREPAID                           
 EXPENSES AND OTHER CURRENT ASSETS |

Prepaid expenses and other current assets consist of the following:

|                            |     |   |    2024 |     |   |  2023 |
|:---------------------------|:----|:--|--------:|:----|:--|------:|
| Deferred offering costs    |     | $ | 427,898 |     | $ |     - |
| Prepaid payroll wages      |     | $ |  38,271 |     | $ |     - |
| Prepaid insurance          |     |   |  10,017 |     |   | 1,714 |
| Prepaid software and other |     |   |   7,579 |     |