Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 69

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 69
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 distribution of medical plants, and improvements to those properties. These expenses include stock-based compensation for services rendered, legal and audit fees, and property-related expenses such as depreciation, insurance and taxes. As a result, the Company reported a net loss in all reporting periods. An analysis of the Company’s operating performance for the periods from incorporation through September 30, 2024, together with the Company’s income statement summarizing income and expense items are presented below.

Results of Operations

Comparison of Nine Months Ended September 30, 2024, and Nine Months Ended September 30, 2023

| GENERAL AND ADMINISTRATIVE EXPENSES           |     | Nine Months Ended 
 September         
 30,               
 2024              |            |   |     | 2023 |            |   |     | Years Ended  
 December 31, 
 2023         |            |   |     | 2022 |            |   |
|:----------------------------------------------|:----|:------------------|-----------:|:--|:----|:-----|-----------:|:--|:----|:-------------|-----------:|:--|:----|:-----|-----------:|:--|
| Salaries and wages - office                   |     | $                 |  1,617,868 |   |     | $    |    980,917 |   |     | $            |  2,610,407 |   |     | $    |  1,193,731 |   |
| Research and development                      |     |                   |    548,879 |   |     |      |    104,202 |   |     |              |    480,718 |   |     |      |    187,765 |   |
| Legal and professional fees                   |     |                   |    400,778 |   |     |      |    704,609 |   |     |              |  1,645,678 |   |     |      |    339,747 |   |
| Marketing                                     |     |                   |    223,747 |   |     |      |    185,857 |   |     |              |    207,234 |   |     |      |    197,545 |   |
| Licensing fee                                 |     |                   |     90,000 |   |     |      |     90,000 |   |     |              |    120