Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 193

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 193
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                  |     | $ |   197,336 |   |     | $ |  197,913 |   |

In 2024, five (5) of the Company’s forty-six (46) patents were approved and began being amortized over twenty years. As of September 30, 2023, there were no patents approved by the countries in which the patent applications were filed.

Amortization expense was $577 and $128 for the nine months ended September 30, 2024 and 2023, respectively.

| F-46 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

| 8. | NOTE    
 PAYABLE |

Note payable consists of the following:

| Vehicle                                                                                                                             
 note payable entered into during 2022 for $40,248 with monthly installment payments of $799, including interest at 6.99% per annum. 
 The loan is collateralized by the respective vehicle and is due in February 2027.                                                   |     | September 
 30,       
 2024      | 21,122 |   |     | December 
 31,      
 2023     | 27,036 |   |
|:------------------------------------------------------------------------------------------------------------------------------------|:----|:----------|-------:|:--|:----|:---------|-------:|:--|
| Less                                                                                                                                
 current portion                                                                                                                     |     |           | (8,377 | ) |     |          | (7,950 | ) |
| LONG-TERM                                                                                                                           
 PORTION                                                                                                                             |     | $         | 12,745 |   |     | $        | 19,086 |   |

The balance of the above debt matures as follows:

| Twelve        
 Months Ending 
 September 30, |     | Amount |        |
|:--------------|:----|:-------|-------:|
| 2025          |     | $      |  8,377 |
| 2026          |     |        |  8,982 |
| 2027          |     |        |  3,763 |
| TOTAL         |     | $      | 21,122 |

Interest expense related to this note payable for the nine months ended September 30, 2024 and 2023, was $1,277 and $1,680, respectively.

| 9. | COMMITMENTS       
 AND