Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 217

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 217
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 |     |   |  (51,173 | ) |
| TOTAL                       
 PROPERTY AND EQUIPMENT, NET |     | $ |   91,168 |   |     | $ |   95,425 |   |

For the three months ended March 31, 2025 and 2024, total depreciation expense was $ 7,089and $ 7,096, respectively.

| F-42 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

7. PREPAID EXPENSES

Prepaid expenses and other current assets consist of the following:

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

|                    |     |   |    March 
 31, 2025 |     |   | December 
 31, 2024 |
|:-------------------|:----|:--|---------:|:----|:--|---------:|
| Prepaid            
 payroll wages      |     | $ |   38,271 |     | $ |   38,271 |
| Prepaid            
 insurance          |     |   |    5,562 |     |   |   10,017 |
| Prepaid            
 software and other |     |   |    4,953 |     |   |    7,579 |
| TOTAL              
 PREPAID EXPENSES   |     | $ |   48,786 |     | $ |   55,867 |

8. DEFERRED OFFERING COSTS

Pursuant to ASC 340-10-S99-1, costs directly attributable to an offering of equity securities are deferred and would be charged against the gross proceeds of the offering as a reduction of additional paid-in capital. Deferred offering costs consist of underwriting, legal, accounting, and other expenses incurred through the balance sheet date that are directly related to the proposed public offering. Should the proposed public offering prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be expensed. The Company filed its S-1 Registration Statement on December 23, 2024 and an amended S-1/A on January 27, 2025. The Company is working to resolve all remaining inquiries before the registration can become effective. During the three months ended March 31, 2025, the Company issued 532,913shares of common stock in exchange for investment banking advisory services,