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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

 

3.SEGMENT REPORTING

 

The Company’s principal business is described in Note 1.  The Company has determined that it operates in a 1single operating and reportable segment. The Company’s Chief Financial Officer is designated as the chief operating decision maker (“CODM”).  The CODM evaluates the business as a whole and does not receive discrete financial information for separatee business units. The CODM is responsible for evaluating financial results and making resource allocation decisions. 

 

 

ARRIVE AI INC.

NOTES TO FINANCIAL STATEMENTS (Continued)

 

 

 

3.SEGMENT REPORTING (Continued)

 

Significant Segment Expenses

 

The Company considers the following as significant expenses in evaluating its segment performance:

 

●Research and Development: includes costs related to materials and supplies, prototype hardware development, and third-party consulting costs.

 

●General and Administrative: includes personnel costs, contractor expenses, and other overhead expenses.

 

●Legal and Professional Fees: includes the cost of legal services to expand and maintain the Company’s patent portfolio, fees associated with various business transactions, and compliance with regulatory requirements.

 

Entity-Wide Disclosures

 

●Geographic Revenue Information: For both the three and six months ended June 30, 2025, 100% of the Company’s net sales were generated in the United States.

 

●Major Customers: The Company has one customer that accounted for 10% or more of total revenue.

 

The Company did not generate revenue during the same periods in 2024.