For the quarter ending 2025-09-30, ARAI has $9,719,064 in assets. $5,009,191 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 816,715 | 607,496 | ||
| Accounts receivable | 4,900 | 89,075 | ||
| Prepaid expenses | 164,777 | 197,298 | ||
| Deferred offering costs | 6,312,586 | 7,182,455 | ||
| Investments at fair value | 1,918,995 | - | ||
| Other current assets | 721 | 3,208 | ||
| Total current assets | 9,218,694 | 8,079,532 | ||
| Total property and equipment | 234,449 | - | ||
| Less accumulated depreciation | 81,534 | - | ||
| Property and equipment, net | 152,915 | 126,586 | ||
| Right of use assets - operating leases | 73,041 | - | ||
| Patents, net | 272,914 | 273,149 | ||
| Security deposit | 1,500 | 1,500 | ||
| Long-term assets | 500,370 | 401,235 | ||
| Total assets | 9,719,064 | 8,480,767 | ||
| Accounts payable | 707,100 | 725,083 | ||
| Accrued liabilities | 205,398 | 52,311 | ||
| Credit card payable | 8,574 | 13,579 | ||
| Current portion of operating lease liability | 38,041 | - | ||
| Convertible note payable, net of discount of 282,667 and issuance costs of 240,000 | 4,002,333 | 4,202,000 | ||
| Current portion of note payable | 8,982 | 8,827 | ||
| Total current liabilities | 4,970,428 | 5,001,800 | ||
| Noncurrent portion of operating lease liability | 35,000 | - | ||
| Note payables, net of current portion | 3,763 | 6,068 | ||
| Total liabilities | 5,009,191 | 5,007,868 | ||
| Common stock, 0.0002 par value, 200,000,000 shares authorized, 34,233,087 issued and 34,213,387 outstanding as at september 30, 2025, and 29,120,905 issued and outstanding at december 31, 2024 | 6,845 | 7,104 | ||
| Treasury stock, at cost, 19,700 and -0- shares as of september 30, 2025, and december 31, 2024 | 74,743 | 500 | ||
| Additional paid-in capital | 29,602,998 | 26,060,146 | ||
| Subscription receivable | - | -5,167 | ||
| Accumulated deficit | -24,825,227 | -22,588,684 | ||
| Total stockholders equity (deficit) | 4,709,873 | 3,472,899 | ||
| Total liabilities and stockholders equity (deficit) | 9,719,064 | 8,480,767 | ||
Arrive AI Inc. (ARAI)
Arrive AI Inc. (ARAI)