Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 205

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 205
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 interest rate, and expected term (remaining contractual term of the warrants).

5. PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

|                    |     |   |    2023 |   |     |   |   2022 |   |
|:-------------------|:----|:--|--------:|:--|:----|:--|-------:|:--|
| Vehicle            |     | $ |  58,443 |   |     | $ | 58,443 |   |
| Drone hexacopter   |     |   |  50,000 |   |     |   |      - |   |
| Total property and 
 equipment          |     |   | 108,443 |   |     |   | 58,443 |   |
| Less: accumulated  
 depreciation       |     |   | (22,870 | ) |     |   | (9,764 | ) |
| TOTAL PROPERTY     
 AND EQUIPMENT, NET |     | $ |  85,573 |   |     | $ | 48,679 |   |

For the years ended December 31, 2023 and 2022, total depreciation expenses were $13,106 and $9,764, respectively. In December 2023, the Company acquired fixed assets as part of an asset purchase agreement. See details in Note 15.

5. PROPERTY AND EQUIPMENT (Continued)

CONSTRUCTION-IN-PROGRESS:

As of December 31, 2023 and 2022, balance of construction-in-progress was $0 and $722,069, respectively. The balance of construction-in-progress was assessed for impairment in 2023 and adjusted as detailed in Note 2.

6. PATENTS, NET

Patents consist of the following:

|                   |     |   |      2023 |   |     |   |    2022 |
|:------------------|:----|:--|----------:|:--|:----|:--|--------:|
| Patents           |     | $ | 1,196,063 |   |     | $ | 198,200 |
| Total patents     |     |   | 1,196,063 |   |     |   | 198,200 |
| Less: impairment  |     |   |  (997,863 | ) |     |   |       - |
| Less: accumulated 
 amortization      |