Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 73

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 73
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 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 nine months ended September 30, 2024 and September 30, 2023, and the years ended December 31, 2023 and December 31, 2022:

|                                           |     | 2024 | Nine Months Ended 
         September 
               30, |   |     | 2023 |            |   |     | 2023 |  Years Ended 
 December 31, |   |     | 2022 |            |   |
|:------------------------------------------|:----|:-----|------------------:|:--|:----|:-----|-----------:|:--|:----|:-----|-------------:|:--|:----|:-----|-----------:|:--|
| Net cash used in operating activities     |     | $    |        (1,959,447 | ) |     | $    | (2,094,731 | ) |     | $    |   (2,816,791 | ) |     | $    | (1,837,710 | ) |
| Net cash used by investing activities     |     |      |                 - |   |     |      |   (100,883 | ) |     |      |     (104,991 | ) |     |      |   (426,136 | ) |
| Net cash provided by financing activities |     |      |         1,925,768 |   |     |      |  1,160,573 |   |     |      |    1,690,158 |   |     |      |  1,143,930 |   |

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, 2023.

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 requires us to make estimates and judgments that affect the amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates based on historical experience and various other assumptions that are believed to be reasonable under