Company: ARAI
Filing Date: 2025-05-13
Form Type: S-1/A
Source: 0001641172-25-009841
Chunk: 72

Company: Arrive AI Inc.
Filing Date: 2025-05-13
Form: S-1/A
Chunk 72
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 2023 and $1,150,490 in 2022 (net of offering costs). The Company’s operating plan is predicated on a variety of assumptions including, but not limited to, the level of product demand, cost estimates, its ability to continue to raise additional financing and the state of the general economic environment in which the Company operates. There can be no assurance that these assumptions will prove accurate in all material respects, or that the Company will be able to successfully execute its operating plan. In the event that the Company is not able to raise capital from investors in a timely manner, the Company will explore available options, including but not limited to, an equity backed loan. In the absence of additional appropriate financing, the Company may have to modify its plan or slow down the pace of development and commercialization.

The Company does not have any short or long-term contractual purchases with suppliers for future purchases, capital expenditure commitments that cannot be cancelled with minimal fees, non-cancelable operating leases, or any commitment or contingency that would hinder management’s ability to scale down operations and management expenses until funding is raised.

The following table summarizes our cash flows from operating, investing, and financing activities for the years ended December 31, 2024 and December 31, 2023:

|                                           |     | Years Ended December 
 31,                  |       2024 |   |     |   |       2023 |   |
|:------------------------------------------|:----|:---------------------|-----------:|:--|:----|:--|-----------:|:--|
| Net cash used in operating activities     |     | $                    | (2,289,273 | ) |     | $ | (2,816,791 | ) |
| Net cash used by investing activities     |     |                      |   (114,655 | ) |     |   |   (104,991 | ) |
| Net cash provided by financing activities |     |                      |  2,207,774 |   |     |   |  1,690,158 |   |

Inflation

Although our operations are influenced by general economic conditions, we do not believe that inflation had a material effect on our results of operations during the year ended December 31, 2024.

Critical Accounting Policies and Estimates

The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements