Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 70

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 70
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 ) |     |              |      1,941 |   |     |      |     (3,126 | ) |
| LOSS FROM OPERATIONS BEFORE TAXES             |     | $                 | (3,199,606 | ) |     | $    | (2,396,719 | ) |     | $            | (7,321,134 | ) |     | $    | (2,379,419 | ) |
| TAXES                                         |     |                   |            |   |     |      |            |   |     |              |            |   |     |      |            |   |
| EDGE tax credit expense (benefit)             |     |                   |          - |   |     |      |          - |   |     |              |          - |   |     |      |     (9,195 | ) |
| NET LOSS                                      |     | $                 | (3,199,606 | ) |     | $    | (2,396,719 | ) |     | $            | (7,321,134 | ) |     | $    | (2,388,614 | ) |
| NET LOSS PER SHARE:                           |     |                   |            |   |     |      |            |   |     |              |            |   |     |      |            |   |
| Basic and diluted                             |     | $                 |      (0.11 | ) |     | $    |      (0.08 | ) |     | $            |      (0.25 | ) |     | $    |      (0.08 | ) |
| WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING:   |     |                   |            |   |     |      |            |   |     |              |            |   |     |      |            |   |
| Basic and diluted                             |     |                   | 28,935,738 |   |     |      | 29,693,975 |   |     |              | 29,680,228 |   |     |      | 29,505,369 |   |

| 29 |

Management Discussion of Results

For the nine months ended September 30, 2024, the Company’s net loss increased from $2,396,719 to $3,199,606. General and administrative expenses for the period increased 36% ($855,764).

Salaries and wages increased by 65% ($636,