Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 0

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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CONDENSED
FINANCIAL STATEMENTS

ARRIVE
AI INC.

CONDENSED
BALANCE SHEETS

(Unaudited)

    September
    30, 2025  
    December
    31, 2024 

    ASSETS 

    CURRENT ASSETS 

    Cash 
    $816,715  
    $129,318 
  
    Accounts receivable 
     4,900  
     - 
  
    Prepaid expenses 
     164,777  
     55,867 
  
    Deferred offering costs 
     6,312,586  
     427,898 
  
    Investments at fair value 
     1,918,995  
     - 
  
    Other current assets 
     721  
     4,179 

    Total current assets 
     9,218,694  
     617,262 

    LONG-TERM ASSETS 

    Property and equipment,
    net 
     152,915  
     95,425 
  
    Right of use assets - operating
    leases 
     73,041  
     - 
  
    Patents, net 
     272,914  
     273,601 
  
    Security deposit 
     1,500  
     1,500 

    Long-term assets 
     500,370  
     370,526 

    TOTAL
    ASSETS 
    $9,719,064  
    $987,788 

    LIABILITIES AND STOCKHOLDERS’
    EQUITY (DEFICIT) 

    CURRENT LIABILITIES 

    Accounts payable 
    $707,100  
    $1,868,689 
  
    Accrued liabilities 
     205,398  
     79,556 
  
    Credit card payable 
     8,574  
     3,636 
  
    Current portion of operating
    lease liability 
     38,041  
     - 
  
    Convertible note payable,
    net of discount of $282,667 and issuance costs of $240,000 
     4,002,333  
     - 
  
    Current portion of note
    payable 
     8,982  
     8,524 

    Total current liabilities 
     4,970,428