Company: ARAI
Filing Date: 2025-03-24
Form Type: S-1/A
Source: 0001641172-25-000350
Chunk: 216

Company: Arrive AI Inc.
Filing Date: 2025-03-24
Form: S-1/A
Chunk 216
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 the years ended December 31, 2023 and 2022:

|                     |     |   |       2023 |   |     |   |     2022 |   |
|:--------------------|:----|:--|-----------:|:--|:----|:--|---------:|:--|
| Federal             |     | $ |  1,380,691 |   |     | $ |  509,817 |   |
| State               |     |   |    315,933 |   |     |   |   71,768 |   |
| Valuation allowance |     |   | (1,696,624 | ) |     |   | (581,585 | ) |
| INCOME TAX BENEFIT  |     | $ |          - |   |     | $ |        - |   |

The change in the valuation allowance of the following at December 31, 2023 and 2022:

|                              |     |   |      2023 |     |   |      2022 |
|:-----------------------------|:----|:--|----------:|:----|:--|----------:|
| Beginning balance, January 1 |     | $ | 1,020,585 |     | $ |   439,000 |
| Change in valuation          
 allowance                    |     |   | 1,696,624 |     |   |   581,585 |
| VALUATION ALLOWANCE          |     | $ | 2,717,209 |     | $ | 1,020,585 |

| F-56 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

14. INCOME TAXES (Continued)

In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to the future realization of the deferred tax assets and has therefore established a full valuation allowance.

A reconciliation