Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 206

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 206
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 |   |      (287 | ) |     |   |       - |
| TOTAL PATENTS     |     | $ |   197,913 |   |     | $ | 198,200 |

| F-46 |

<div align='center'>ARRIVE TECHNOLOGY INC.

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

In 2023, three (3) of the Company’s forty-six (46) patents were approved and began being amortized over twenty years. As of December 31, 2022, there were no patents approved by the countries in which the patent applications were filed. In December 2023, the Company acquired patents as part of an asset purchase agreement. During the annual impairment assessment performed by the Company at December 31, 2023, these acquired patents were determined to be fully impaired. See details in Note 15.

Amortization expense was $287 for the year ended December 31, 2023. There was no amortization expense for the year ended December 31, 2022.

7. NOTE PAYABLE

Note payable consists of the following:

|                                                                                                                                     |     |   |   2023 |   |     |   |   2022 |   |
|:------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------:|:--|:----|:--|-------:|:--|
| Vehicle                                                                                                                             
 note payable entered into during 2022 for $40,248 with monthly installment payments of $799, including interest at 6.99% per annum. 
 The loan is collateralized by the respective vehicle and is due in February 2027.                                                   |     | $ | 27,036 |   |     | $ | 33,688 |   |
| Less current portion                                                                                                                |     |   | (7,950 | ) |     |   | (7,415 | ) |
| LONG-TERM PORTION                                                                                                                   |     | $ | 19,086 |   |     | $ | 26,273 |   |

7. NOTE PAYABLE (Continued)

The balance of the above debt matures as follows:

| Year Ended December 31, 
 2024                    |     | Amount |  7,950 |
|:------------------------|:----|:-------|-------:|
| 2025                    |     |        |  8,524 |
|