Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 162

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 162
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 through the balance sheet date that are directly related to the proposed public offering. Should the proposed public offering prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be expensed. The Company filed its S-1 Registration Statement on December 23, 2024 and an amended S-1/A on January 27, 2025. The Company is working to resolve all remaining inquiries before the registration can become effective.

8. PATENTS, NET

Patents consist of the following:

SCHEDULE OF PATENTS

|                                |     |   |    2024 |   |     |   |     2023 |   |
|:-------------------------------|:----|:--|--------:|:--|:----|:--|---------:|:--|
| Patents                        |     | $ | 274,700 |   |     | $ |  198,200 |   |
| Total patents                  |     |   | 274,700 |   |     |   |  198,200 |   |
| Less: impairment               |     |   |       - |   |     |   | (997,863 | ) |
| Less: accumulated amortization |     |   |  (1,099 | ) |     |   |     (287 | ) |
| TOTAL PATENTS                  |     | $ | 273,601 |   |     | $ |  197,913 |   |

As of December 31, 2024, five (5) of the Company’s fifty-nine (59) patents were approved and began being amortized over twenty years. As of December 31, 2023, three (3) patents were approved by the countries in which the patent applications were filed. During the year ended December 31, 2024 the Company filed for thirteen (13) patents for a total filing fee of $76,500. Amortization expense was $812 and $287 for the years ended December 31, 2024 and 2023, respectively.

9. NOTE PAYABLE

Note payable consists of the following:

SCHEDULE OF
NOTES PAYABLE

|                                                                                                                                                                                                                               |     |   |   2024 |   |     |   |   2023 |   |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------:|:--|:----|:--|-------:|:--|
| Vehicle note payable