Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 150

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 150
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 |            |   |     |      |            |   |
| Cash paid for:                                                          |     |      |            |   |     |      |            |   |
| Interest                                                                |     | $    |      1,635 |   |     | $    |      2,937 |   |
| Income taxes                                                            |     | $    |          - |   |     | $    |          - |   |
| NONCASH TRANSACTIONS                                                    |     |      |            |   |     |      |            |   |
| Borrowings for purchase                                                 
 of vehicle                                                              |     |      |            |   |     |      |            |   |
| Subscription                                                            
 receivable                                                              |     |      |            |   |     |      |            |   |
| Issuance of shares for AirBox asset purchase                            |     | $    |          - |   |     | $    |  1,047,863 |   |
| Cancellation and issuance                                               
 of promissory note receivable                                           |     |      |            |   |     |      |            |   |

| F-7 |

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

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS

December 31, 2024 and 2023</div>

1. NATURE OF OPERATIONS

Arrive AI Inc. (formerly Arrive Technology Inc.) (the Company) was incorporated on April 30, 2020, in the State of Delaware as Dronedek Corporation. On July 27, 2023, Dronedek Corporation changed its name to Arrive Technology Inc. On September 27, 2024, Arrive Technology Inc. changed its name to Arrive AI Inc. The Company is a developmental technology company with a focus on designing and implementing a commercially viable smart mailbox for drone, robotic and human package receiving and storage.

2. SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting

The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP).

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management evaluates its estimates and