Company: ARAI
Filing Date: 2025-03-24
Form Type: S-1/A
Source: 0001641172-25-000350
Chunk: 171

Company: Arrive AI Inc.
Filing Date: 2025-03-24
Form: S-1/A
Chunk 171
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 is based on the lowest level input that is significant to the fair value measurement in its entirety. The financial statements as of and for the 12 months ended December 31, 2024 and 2023, do not include any nonrecurring fair value measurements relating to assets or liabilities.

The Company measures the warrants using Level 3 unobservable inputs within the Black-Scholes pricing model, as described in Note 2. The Company used various key assumptions, such as the fair value of the common stock, volatility, the risk-free interest rate, and expected term (remaining contractual term of the warrants).

| 6. | PROPERTY      
 AND EQUIPMENT |

Property and equipment consist of the following:

|                                   |     |   |    2024 |   |     |   |    2023 |   |
|:----------------------------------|:----|:--|--------:|:--|:----|:--|--------:|:--|
| Vehicle                           |     | $ |  58,443 |   |     | $ |  58,443 |   |
| Equipment                         |     |   |  50,000 |   |     |   |  50,000 |   |
| Construction in progress          |     |   |  38,155 |   |     |   |       - |   |
| Total property and equipment      |     |   | 146,598 |   |     |   | 108,443 |   |
| Less: accumulated depreciation    |     |   | (51,173 | ) |     |   | (22,870 | ) |
| TOTAL PROPERTY AND EQUIPMENT, NET |     | $ |  95,425 |   |     | $ |  85,573 |   |

For the years ended December 31, 2024 and 2023, total depreciation expense was $28,303 and $13,106, respectively. In December 2023, the Company acquired fixed assets as part of an asset purchase agreement. See details in Note 15.

| 7. | PREPAID                           
 EXPENSES AND OTHER CURRENT ASSETS |

Prepaid expenses and other current assets consist of the following:

|                            |     |   |    2024 |     |   |  2023 |
|:---------------------------|:----|:--|--------:|:----|:--|------:|
| Deferred offering costs    |     | $ |