Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 10

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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, 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.

The
Company is subject to a number of risk similar to those of other companies of similar size in its industry, including, but not limited
to, the need for successful development of products, the need for additional capital (or financing) to fund operating losses, competition
from substitute products and services from larger companies, protection of proprietary technology, patent litigation, dependence on key
individuals, and risks associated with changes in information technology.

2.SIGNIFICANT
                                            ACCOUNTING POLICIES

Basis
of Accounting

The
financial statements (unaudited) have been prepared in accordance with accounting principles generally accepted in the United States
of America (US GAAP) and with the instructions to Form 10-Q of Regulation S-K. These unaudited financial statements should be read in
conjunction with the Company’s audited financial statements and related notes thereto for the year ended December 31, 2024. In
the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial
position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the
interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that
would substantially duplicate the disclosures contained in the audited financial statements for the fiscal year ended December 31, 2024,
have been omitted.

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 assumptions on
an ongoing basis using historical experience and other factors, including the current economic environment and makes adjustments when
facts and circumstances dictate. These estimates are based on information available as of the date of the financial statements; therefore,
actual results could differ from those estimates.