Arrive AI Inc.
For the period ended Mar 31, 2025. Filed Jun 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Jun 5, 2025
ARAI$0.10-1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
| 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 (DEFICIT) | ||
| Common stock, $0.0002 par value, 200,000,000 shares authorized, 29,835,038 shares and 29,120,905 issued and outstanding at March 31, 2025, and December 31, 2024, respectively | 6,465 | 6,322 |
| Treasury stock, 2,500,000 at cost | (500) | (500) |
| Additional paid-in capital, net of offering costs | 23,937,941 | 14,984,561 |
| Subscription receivable | (12,784) | (53,003) |
| Accumulated deficit | (17,898,720) | (15,920,555) |
| Total stockholders’ equity (deficit) | 6,032,402 | (983,175) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $8,068,655 | $987,788 |
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