Arrive AI Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 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.
Jun 30, 2025 · Filed Aug 14, 2025
ARAI$0.05-44.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash | $607,496 | $129,318 |
| Accounts receivable | 89,075 | - |
| Prepaid expenses | 197,298 | 55,867 |
| Deferred offering costs | 7,182,455 | 427,898 |
| Other current assets | 3,208 | 4,179 |
| Total current assets | 8,079,532 | 617,262 |
| LONG-TERM ASSETS | ||
| Property and equipment, net | 126,586 | 95,425 |
| Patents, net | 273,149 | 273,601 |
| Security deposit | 1,500 | 1,500 |
| Long-term assets | 401,235 | 370,526 |
| TOTAL ASSETS | $8,480,767 | $987,788 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $725,083 | $1,868,689 |
| Accrued liabilities | 52,311 | 79,556 |
| Credit card payable | 13,579 | 3,636 |
| Convertible note payable, net of discount of $128,000 | 4,202,000 | - |
| Current portion of note payable | 8,827 | 8,524 |
| Total current liabilities | 5,001,800 | 1,960,405 |
| NONCURRENT LIABILITIES | ||
| Note payables, net of current portion | 6,068 | 10,558 |
| Total liabilities | 5,007,868 | 1,970,963 |
| Commitments and Contingencies (See Note 12) | - | |
| STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Common stock, $0.0002 par value, 200,000,000 shares authorized, 33,023,385 shares and 29,120,905 issued and outstanding at June 30, 2025, and December 31, 2024, respectively | 7,104 | 6,322 |
| Treasury stock, 2,500,000 at cost | (500) | (500) |
| Additional paid-in capital, net of offering costs | 26,060,146 | 14,984,561 |
| Subscription receivable | (5,167) | (53,003) |
| Accumulated deficit | (22,588,684) | (15,920,555) |
| Total stockholders’ equity (deficit) | 3,472,899 | (983,175) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | $8,480,767 | $987,788 |
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