Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 188

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 188
---
 asset purchase agreement. See details in Note 15.

7. PREPAID EXPENSES AND OTHER CURRENT ASSETS

PREPAID EXPENSES

Prepaid expenses and other current assets consist of the following:

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

|                            |     |   |    2024 |     |   |  2023 |
|:---------------------------|:----|:--|--------:|:----|:--|------:|
| Deferred offering costs    |     | $ | 427,898 |     | $ |     - |
| Prepaid payroll wages      |     | $ |  38,271 |     | $ |     - |
| Prepaid insurance          |     |   |  10,017 |     |   | 1,714 |
| Prepaid software and other |     |   |   7,579 |     |   | 7,429 |
| PREPAID EXPENSES           |     | $ |  55,867 |     | $ | 9,143 |
| TOTAL PREPAID EXPENSES     |     | $ | 483,765 |     | $ | 9,143 |

| F-16 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 7. | PREPAID                                       
 EXPENSES AND OTHER CURRENT ASSETS (Continued) |

Pursuant to ASC 340-10-S99-1, costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. Deferred offering costs consist of underwriting, legal, accounting, and other expenses incurred through the balance sheet date that are directly related to the proposed public offering. Should the proposed public offering prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be expensed. The Company filed its S-1 Registration Statement on December 23, 2024 and an amended S-1/A on January 27, 2025. The Company is working to resolve all remaining inquiries before the registration can become effective.

8. PATENTS, NET

Patents consist of the following:

SCHEDULE OF PATENTS

|                                |     |   |    2024 |   |     |   |    2023 |   |
|:----------------------------