Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 153

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 153
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            |   |     |      |            |   |
| Interest                            |     | $    |      2,937 |   |     | $    |      1,571 |   |
| Income taxes                        |     | $    |          - |   |     | $    |          - |   |
| NONCASH TRANSACTIONS                |     |      |            |   |     |      |            |   |
| Borrowings for purchase             
 of vehicle                          |     | $    |          - |   |     | $    |     40,248 |   |
| Subscription receivable             |     | $    |          - |   |     | $    |     85,405 |   |
| Issuance of shares for              
 AirBox asset purchase               |     | $    |  1,047,863 |   |     | $    |          - |   |
| Cancellation and issuance           
 of promissory note receivable       |     | $    |          - |   |     | $    |    140,250 |   |

<div align='center'>See accompanying notes to financial statements.</div>

| F-8 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

1. NATURE OF OPERATIONS

Arrive Technology Inc. (formerly DRONEDEK Corporation) (the Company) was incorporated on April 30, 2020, in the State of Delaware. In 2023, DRONEDEK Corporation changed its name to Arrive Technology Inc. On May 19, 2023, and July 27, 2023, the Company filed documentation for this name change with the State of Indiana and the State of Delaware, respectively. The Company is a developmental technology company with a focus on designing and implementing a commercially viable smart mailbox for drone 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 (USGAAP).

Use of Estimates

The preparation of financial statements in conformity with USGAAP 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