Company: ARAI
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0001641172-25-013826
Chunk: 0

Company: Arrive AI Inc.
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ARRIVE
AI INC. (FORMERLY ARRIVE TECHNOLOGY INC.)

BALANCE
SHEETS

(Unaudited)

    March 31,
    2025  
    December 31,
    2024 

    (Unaudited)  

    ASSETS 

    CURRENT ASSETS 

    Cash 
    $295,368  
    $129,318 
  
    Prepaid expenses 
     48,786  
     55,867 
  
    Deferred offering costs 
     7,355,767  
     427,898 
  
    Other
    current assets 
     2,767  
     4,179 

    Total
    current assets 
     7,702,688  
     617,262 

    LONG-TERM ASSETS 

    Property and equipment,
    net 
     91,168  
     95,425 
  
    Patents, net 
     273,299  
     273,601 
  
    Security
    deposit 
     1,500  
     1,500 

    Long-term
    assets 
     365,967  
     370,526 

    TOTAL
    ASSETS 
    $8,068,655  
    $987,788 

    LIABILITIES AND STOCKHOLDERS’
    EQUITY (DEFICIT) 

    CURRENT LIABILITIES 

    Accounts payable 
    $1,802,427  
    $1,868,689 
  
    Accrued liabilities 
     213,024  
     79,556 
  
    Credit card payable 
     3,795  
     3,636 
  
    Current
    portion of note payable 
     8,674  
     8,524 

    Total current liabilities 
     2,027,920  
     1,960,405 

    NONCURRENT LIABILITIES 

    Note
    payable, net of current portion 
     8,333  
     10,558 

    Total liabilities 
     2,036,253  
     1,970,963 

    Commitments and Contingencies
    (See Note 11) 
     -   
     -  

    STOCKHOLDERS’ EQUITY
    (