2024 Q3 Form 10-Q Financial Statement

#000175392624001561 Filed on September 11, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $301.8K $226.9K
YoY Change 33.0%
Cost Of Revenue
YoY Change
Gross Profit $301.8K
YoY Change 33.0%
Gross Profit Margin 100.0%
Selling, General & Admin $329.8K $87.54K $70.40K
YoY Change -13.06% -92.76% -30.18%
% of Gross Profit 29.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $151.00 $151.00
YoY Change
% of Gross Profit 0.05%
Operating Expenses $329.8K $87.54K -$3.084M
YoY Change -87.14% -92.76% -3158.36%
Operating Profit -$329.8K $214.2K
YoY Change -85.88% -121.83%
Interest Expense -$103.4K -$887.00
YoY Change -96.93%
% of Operating Profit -0.41%
Other Income/Expense, Net $101.00 -$80.00
YoY Change -99.97%
Pretax Income -$433.3K $213.3K -$15.24M
YoY Change -78.35% -179.51% 15014.29%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$433.3K $213.3K -$15.24M
YoY Change -53589.63% -1735.07% 15014.29%
Net Earnings / Revenue 70.7% -6716.8%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$0.09
COMMON SHARES
Basic Shares Outstanding 129.6M shares 127.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.17K $95.09K $1.449M
YoY Change
Cash & Equivalents $12.17K $95.09K $1.449M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $755.6K $755.6K $227.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $767.8K $850.7K $1.676M
YoY Change 488.24% 56.69%
LONG-TERM ASSETS
Property, Plant & Equipment $1.057K $1.208K $1.510K
YoY Change
Goodwill
YoY Change
Intangibles $268.0K $268.0K $268.0K
YoY Change
Long-Term Investments $437.4K
YoY Change
Other Assets $169.4K $169.4K $0.00
YoY Change
Total Long-Term Assets $6.844M $6.737M $5.472M
YoY Change -64.9% -64.55%
TOTAL ASSETS
Total Short-Term Assets $767.8K $850.7K $1.676M
Total Long-Term Assets $6.844M $6.737M $5.472M
Total Assets $7.612M $7.588M $7.148M
YoY Change -61.22% -61.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $137.2K $181.2K $100.0K
YoY Change 11052.18%
Accrued Expenses $200.9K $114.4K $100.4K
YoY Change 17.44% 163.56% -14.11%
Deferred Revenue
YoY Change
Short-Term Debt $11.00K $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $506.9K $453.3K $258.1K
YoY Change 121.51% 3.62% 47.82%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $506.9K $453.3K $258.1K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $506.9K $453.3K $258.1K
YoY Change 121.51% -52.58% 47.82%
SHAREHOLDERS EQUITY
Retained Earnings -$23.50M -$23.07M -$19.42M
YoY Change 458.89% 946.91% 2109.61%
Common Stock $12.83K $12.78K $126.2K
YoY Change -89.09% -88.33% 1120.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.105M $7.134M $6.890M
YoY Change
Total Liabilities & Shareholders Equity $7.612M $7.588M $7.148M
YoY Change -61.22% -61.18%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income -$433.3K $213.3K -$15.24M
YoY Change -53589.63% -1735.07% 15014.29%
Depreciation, Depletion And Amortization $151.00 $151.00
YoY Change
Cash From Operating Activities -$286.4K -$2.940K -$14.95M
YoY Change -88.25% -99.75%
INVESTING ACTIVITIES
Capital Expenditures $107.5K $0.00 $5.033M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $18.55M
YoY Change
Cash From Investing Activities -$107.5K $0.00 $13.52M
YoY Change -59.89% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 311.0K 95.00K 2.716M
YoY Change -86.43% -99.53%
NET CHANGE
Cash From Operating Activities -286.4K -2.940K -14.95M
Cash From Investing Activities -107.5K 0.000 13.52M
Cash From Financing Activities 311.0K 95.00K 2.716M
Net Change In Cash -82.92K 92.06K 1.286M
YoY Change -79.89% -83.19%
FREE CASH FLOW
Cash From Operating Activities -$286.4K -$2.940K -$14.95M
Capital Expenditures $107.5K $0.00 $5.033M
Free Cash Flow -$393.9K -$2.940K -$19.98M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
127753215 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-183926 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-1066865 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-1250791 usd
CY2023Q2 arat Issuance Of Common Stock For Acquisition
IssuanceOfCommonStockForAcquisition
18000000 usd
CY2023Q2 arat Issuance Of Common Stock Upon Conversion Of Convertible Promissory Notes
IssuanceOfCommonStockUponConversionOfConvertiblePromissoryNotes
1100466 usd
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1959108 usd
CY2023Q2 arat Issuance Of Common Stock In Conversion Of Convertible Notes Related To Acquisition
IssuanceOfCommonStockInConversionOfConvertibleNotesRelatedToAcquisition
550285 usd
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1959108 usd
CY2023Q2 arat Issuance Of Common Stock In Conversion Of Convertible Notes Related To Acquisition
IssuanceOfCommonStockInConversionOfConvertibleNotesRelatedToAcquisition
550285 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1791316 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
18567751 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
6789801 usd
CY2024Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
721862 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1791316 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
18567751 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
6789801 usd
CY2024Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
721862 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-685994 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-685994 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
6825669 usd
CY2024Q2 arat Issuance Of Common Stock Upon Conversion Of Convertible Notes
IssuanceOfCommonStockUponConversionOfConvertibleNotes
95376 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
6825669 usd
CY2024Q2 arat Issuance Of Common Stock Upon Conversion Of Convertible Notes
IssuanceOfCommonStockUponConversionOfConvertibleNotes
95376 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
213328 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
213328 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
7134372 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-472666 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-472666 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2858181 usd
arat Debt Issuance Cost Of Amortization
DebtIssuanceCostOfAmortization
377 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
721862 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1959107 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
713136 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
528636 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
95203 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2858181 usd
us-gaap Depreciation
Depreciation
302 usd
arat Debt Issuance Cost Of Amortization
DebtIssuanceCostOfAmortization
377 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
721862 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1959107 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
713136 usd
arat Amortization Of Debt Discount Related To Derivative
AmortizationOfDebtDiscountRelatedToDerivative
1047879 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
528636 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
453772 usd
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q2 us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
usd
us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2024Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
CY2024Q2 us-gaap Other Expenses
OtherExpenses
usd
us-gaap Other Expenses
OtherExpenses
usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2024Q1 arat Reduction Of Common Stock To Be Issued For Acquisition
ReductionOfCommonStockToBeIssuedForAcquisition
usd
CY2024Q2 arat Reduction Of Common Stock To Be Issued For Acquisition
ReductionOfCommonStockToBeIssuedForAcquisition
usd
us-gaap Depreciation
Depreciation
usd
arat Debt Issuance Cost Of Amortization
DebtIssuanceCostOfAmortization
usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
usd
arat Amortization Of Debt Discount Related To Derivative
AmortizationOfDebtDiscountRelatedToDerivative
usd
us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Notes Reduction
NotesReduction
usd
us-gaap Notes Assumed1
NotesAssumed1
usd
us-gaap Notes Issued1
NotesIssued1
usd
us-gaap Stock Issued1
StockIssued1
usd
CY2023Q2 us-gaap Depreciation
Depreciation
usd
us-gaap Depreciation
Depreciation
usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
usd
CY2024Q2 arat Fair Value Of Derivative Liability Term
FairValueOfDerivativeLiabilityTerm
P2Y6M
CY2024Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
usd
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
usd
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
usd
us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
usd
arat Increase Decrease In Derivative Interest
IncreaseDecreaseInDerivativeInterest
usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-04-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
333-185928
CY2024Q2 us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
usd
us-gaap Cost Of Revenue
CostOfRevenue
usd
us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2024Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
usd
CY2024Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
us-gaap Other Expenses
OtherExpenses
usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2024Q1 arat Reduction Of Common Stock To Be Issued For Acquisition
ReductionOfCommonStockToBeIssuedForAcquisition
usd
CY2024Q2 arat Reduction Of Common Stock To Be Issued For Acquisition
ReductionOfCommonStockToBeIssuedForAcquisition
usd
us-gaap Depreciation
Depreciation
usd
arat Debt Issuance Cost Of Amortization
DebtIssuanceCostOfAmortization
usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
usd
arat Amortization Of Debt Discount Related To Derivative
AmortizationOfDebtDiscountRelatedToDerivative
usd
us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned
usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Notes Reduction
NotesReduction
usd
us-gaap Notes Assumed1
NotesAssumed1
usd
us-gaap Notes Issued1
NotesIssued1
usd
us-gaap Stock Issued1
StockIssued1
usd
CY2023Q2 us-gaap Depreciation
Depreciation
usd
us-gaap Depreciation
Depreciation
usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
usd
CY2024Q2 arat Fair Value Of Derivative Liability Term
FairValueOfDerivativeLiabilityTerm
P2Y6M
CY2024Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
usd
us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
usd
arat Increase Decrease In Derivative Interest
IncreaseDecreaseInDerivativeInterest
usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
usd
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-04-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
333-185928
dei Entity Registrant Name
EntityRegistrantName
ARAX HOLDINGS CORP. 
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
99-0376721
dei Entity Address Address Line1
EntityAddressAddressLine1
820 E Park Ave
dei Entity Address Address Line2
EntityAddressAddressLine2
Blvd D200
dei Entity Registrant Name
EntityRegistrantName
ARAX HOLDINGS CORP. 
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
99-0376721
dei Entity Address Address Line1
EntityAddressAddressLine1
820 E Park Ave
dei Entity Address Address Line2
EntityAddressAddressLine2
Blvd D200
dei Entity Address City Or Town
EntityAddressCityOrTown
Tallahassee
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32301
dei Local Phone Number
LocalPhoneNumber
254-1161
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
129613930 shares
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1448769 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
226951 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
1675720 usd
CY2024Q2 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
381 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
79 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1510 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5033332 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
169373 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
268000 usd
CY2023Q4 us-gaap Assets
Assets
7147935 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
100000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
100378 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
157756 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
358134 usd
CY2024Q2 us-gaap Liabilities
Liabilities
453339 usd
CY2023Q4 us-gaap Liabilities
Liabilities
358134 usd
CY2024Q2 us-gaap Preferred Stock Value
PreferredStockValue
10000 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
10000 usd
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
950000000 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
127753215 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
126160534 shares
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
12775 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
12616 usd
CY2024Q2 arat Common Stock To Be Issue
CommonStockToBeIssue
900000 usd
CY2023Q4 arat Common Stock To Be Issue
CommonStockToBeIssue
1440000 usd
dei Entity Address City Or Town
EntityAddressCityOrTown
Tallahassee
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32301
dei City Area Code
CityAreaCode
850
dei Local Phone Number
LocalPhoneNumber
254-1161
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
129613930 shares
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1448769 usd
CY2024Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
755587 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
226951 usd
CY2024Q2 us-gaap Assets Current
AssetsCurrent
850678 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
1675720 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1208 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1510 usd
CY2024Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
6298452 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5033332 usd
CY2024Q2 us-gaap Other Assets
OtherAssets
169373 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
169373 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
268000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
268000 usd
CY2023Q4 us-gaap Assets
Assets
7147935 usd
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
181223 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
100000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
100378 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
157756 usd
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
453339 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
358134 usd
CY2023Q4 us-gaap Liabilities
Liabilities
358134 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
950000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
950000000 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
127753215 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
126160534 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
126160534 shares
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
12775 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
12616 usd
CY2024Q2 arat Common Stock To Be Issue
CommonStockToBeIssue
900000 usd
CY2023Q4 arat Common Stock To Be Issue
CommonStockToBeIssue
1440000 usd
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
29278076 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
27920998 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-23066479 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-22593813 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
7134372 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
6789801 usd
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
29278076 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
27920998 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-23066479 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-22593813 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
7134372 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
6789801 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7147935 usd
CY2024Q2 us-gaap Revenues
Revenues
301750 usd
CY2023Q2 us-gaap Revenues
Revenues
226886 usd
us-gaap Revenues
Revenues
528636 usd
us-gaap Revenues
Revenues
453772 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
301750 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
226886 usd
us-gaap Gross Profit
GrossProfit
528636 usd
us-gaap Gross Profit
GrossProfit
453772 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
87535 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
743341 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
278554 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
988463 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1959107 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1959107 usd
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
87535 usd
us-gaap Operating Expenses
OperatingExpenses
1000415 usd
us-gaap Operating Expenses
OperatingExpenses
2947570 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
214215 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2475562 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-472364 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2522688 usd
CY2024Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-887 usd
CY2023Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-28890 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-887 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-28890 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-887 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
213328 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
213328 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127403068 shares
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7587711 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7147935 usd
CY2024Q2 us-gaap Revenues
Revenues
301750 usd
CY2023Q2 us-gaap Revenues
Revenues
226886 usd
us-gaap Revenues
Revenues
453772 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
301750 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
226886 usd
us-gaap Gross Profit
GrossProfit
528636 usd
us-gaap Gross Profit
GrossProfit
453772 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
87535 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
743341 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
278554 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
988463 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1959107 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
721861 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1959107 usd
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
87535 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
2702448 usd
us-gaap Operating Expenses
OperatingExpenses
1000415 usd
us-gaap Operating Expenses
OperatingExpenses
2947570 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
214215 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2475562 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-472364 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2522688 usd
CY2024Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-887 usd
CY2023Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-28890 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-887 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-28890 usd
CY2023Q2 us-gaap Other Expenses
OtherExpenses
-713136 usd
us-gaap Other Expenses
OtherExpenses
335493 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-887 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
684246 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-887 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-364383 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
213328 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1791316 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2858181 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
213328 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-1791316 usd
us-gaap Profit Loss
ProfitLoss
-2858181 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127403068 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24564538 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126846644 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17291813 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-183926 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-1066865 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-1250791 usd
CY2023Q2 arat Issuance Of Common Stock For Acquisition
IssuanceOfCommonStockForAcquisition
18000000 usd
CY2023Q2 arat Issuance Of Common Stock Upon Conversion Of Convertible Promissory Notes
IssuanceOfCommonStockUponConversionOfConvertiblePromissoryNotes
1100466 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
95203 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13435 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-183558 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1004667 usd
us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned
1265120 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1265120 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
95000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1539010 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
95000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1539010 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1353678 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
534343 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
95091 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
534343 usd
us-gaap Notes Reduction
NotesReduction
540000 usd
us-gaap Notes Assumed1
NotesAssumed1
95376 usd
us-gaap Notes Issued1
NotesIssued1
1091164 usd
us-gaap Stock Issued1
StockIssued1
18550285 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_847_eus-gaap--NatureOfOperations_z1gSL3HrKbfe" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"><i><span id="xdx_861_zlZURgaPw1Fh">General</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white">Arax Holdings Corp. (“the Company”) is a <span id="xdx_908_edei--EntityIncorporationStateCountryCode_c20231101__20240430__srt--OwnershipAxis__custom--AraxHoldingsCorpMember_zHEJZUb4kWo9" title="Entity incorporation, state or country code">Nevada</span> corporation incorporated on <span id="xdx_90E_edei--EntityIncorporationDateOfIncorporation_c20231101__20240430__srt--OwnershipAxis__custom--AraxHoldingsCorpMember_zFl6UI4Krb76" title="Entity incorporation date">February 23, 2012</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The Company currently has operations from a growing business in the software development and integration marketplace.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white">Management intends to explore and identify business opportunities within North America, Europe, Asia and Africa including a potential acquisition of an operating entity through a reverse merger, asset purchase or similar transaction. Our executives have experience in business consulting, although no assurances can be given that they can identify and implement a viable business strategy or that any such strategy will result in profits. Our ability to effectively identify, develop and implement a viable plan for our business may be hindered by risks and uncertainties which are beyond our control, including without limitation, the continued negative effects of the coronavirus pandemic on the U.S. and global economies.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_z3S4Ss6Mi8qi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><i><span id="xdx_863_zN8varEJHxJ5">Use of Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and outcomes may differ from management’s estimates and assumptions. Included in these estimates are assumptions used to estimate collection of accounts receivable, fair value of intangible assets, fair value of capitalized software, deferred income tax asset valuation allowances.</p>
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13435 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-183558 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1004667 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1265120 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1539010 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
95000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1539010 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1353678 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
534343 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1448769 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
95091 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
534343 usd
us-gaap Notes Reduction
NotesReduction
540000 usd
us-gaap Notes Assumed1
NotesAssumed1
95376 usd
us-gaap Notes Issued1
NotesIssued1
1091164 usd
us-gaap Stock Issued1
StockIssued1
18550285 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_847_eus-gaap--NatureOfOperations_z1gSL3HrKbfe" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"><i><span id="xdx_861_zlZURgaPw1Fh">General</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white">Arax Holdings Corp. (“the Company”) is a <span id="xdx_908_edei--EntityIncorporationStateCountryCode_c20231101__20240430__srt--OwnershipAxis__custom--AraxHoldingsCorpMember_zHEJZUb4kWo9" title="Entity incorporation, state or country code">Nevada</span> corporation incorporated on <span id="xdx_90E_edei--EntityIncorporationDateOfIncorporation_c20231101__20240430__srt--OwnershipAxis__custom--AraxHoldingsCorpMember_zFl6UI4Krb76" title="Entity incorporation date">February 23, 2012</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The Company currently has operations from a growing business in the software development and integration marketplace.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; background-color: white">Management intends to explore and identify business opportunities within North America, Europe, Asia and Africa including a potential acquisition of an operating entity through a reverse merger, asset purchase or similar transaction. Our executives have experience in business consulting, although no assurances can be given that they can identify and implement a viable business strategy or that any such strategy will result in profits. Our ability to effectively identify, develop and implement a viable plan for our business may be hindered by risks and uncertainties which are beyond our control, including without limitation, the continued negative effects of the coronavirus pandemic on the U.S. and global economies.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_z3S4Ss6Mi8qi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><i><span id="xdx_863_zN8varEJHxJ5">Use of Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and outcomes may differ from management’s estimates and assumptions. Included in these estimates are assumptions used to estimate collection of accounts receivable, fair value of intangible assets, fair value of capitalized software, deferred income tax asset valuation allowances.</p>
CY2024Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2024Q2 us-gaap Depreciation
Depreciation
151 usd
CY2024Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2024Q2 us-gaap Depreciation
Depreciation
151 usd
us-gaap Depreciation
Depreciation
302 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_847_eus-gaap--ConcentrationRiskCreditRisk_zclKadX5lG13" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><i><span id="xdx_86C_z0PwikTYqrT7">Concentration of Credit Risk and Significant Customers and Vendors</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As of April 30, 2024, and October 31, 2023 one customer accounted for all of the accounts receivable balance.</p>
us-gaap Depreciation
Depreciation
302 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_847_eus-gaap--ConcentrationRiskCreditRisk_zclKadX5lG13" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><i><span id="xdx_86C_z0PwikTYqrT7">Concentration of Credit Risk and Significant Customers and Vendors</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As of April 30, 2024, and October 31, 2023 one customer accounted for all of the accounts receivable balance.</p>
us-gaap Derivative Excluded Component Loss Recognized In Earnings
DerivativeExcludedComponentLossRecognizedInEarnings
1047879 usd
us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
-707166 usd
CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
340713 usd
CY2024Q2 arat Stock Price On Valuation Date
StockPriceOnValuationDate
1.0
CY2024Q2 us-gaap Derivative Floor Interest Rate
DerivativeFloorInterestRate
0.003 pure
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
3.10
CY2024Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.2
us-gaap Derivative Excluded Component Loss Recognized In Earnings
DerivativeExcludedComponentLossRecognizedInEarnings
1047879 usd
us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
-707166 usd
CY2024Q2 arat Stock Price On Valuation Date
StockPriceOnValuationDate
1.0
CY2024Q2 us-gaap Derivative Floor Interest Rate
DerivativeFloorInterestRate
0.003 pure
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
3.10
CY2024Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.2
us-gaap Derivatives Methods Of Accounting Hedge Documentation
DerivativesMethodsOfAccountingHedgeDocumentation
<p id="xdx_841_eus-gaap--DerivativesMethodsOfAccountingHedgeDocumentation_zQ9O4SKZ1378" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><i><span id="xdx_868_zkfxCpLEaWBj">Convertible Instruments</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529">The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with various accounting standards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529">ASC 480 “<i>Distinguishing Liabilities From Equity</i>” provides that instruments convertible predominantly at a fixed rate resulting in a fixed monetary amount due upon conversion with a variable quantity of shares (“stock settled debt”) be recorded as a liability at the fixed monetary amount.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529">ASC 815 “<i>Derivatives and Hedging</i>” generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur, and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Professional standards also provide an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument.”</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529">ASC 815-40 provides that generally if an event is not within the entity’s control and could require net cash settlement, then the contract shall be classified as an asset or a liability.</p>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2185810 shares
CY2023Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1185810 usd
us-gaap Derivatives Methods Of Accounting Hedge Documentation
DerivativesMethodsOfAccountingHedgeDocumentation
<p id="xdx_841_eus-gaap--DerivativesMethodsOfAccountingHedgeDocumentation_zQ9O4SKZ1378" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><i><span id="xdx_868_zkfxCpLEaWBj">Convertible Instruments</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529">The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with various accounting standards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529">ASC 480 “<i>Distinguishing Liabilities From Equity</i>” provides that instruments convertible predominantly at a fixed rate resulting in a fixed monetary amount due upon conversion with a variable quantity of shares (“stock settled debt”) be recorded as a liability at the fixed monetary amount.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529">ASC 815 “<i>Derivatives and Hedging</i>” generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur, and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Professional standards also provide an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument.”</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; color: #212529">ASC 815-40 provides that generally if an event is not within the entity’s control and could require net cash settlement, then the contract shall be classified as an asset or a liability.</p>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2185810 shares
CY2023Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1185810 usd
CY2024Q2 us-gaap Convertible Preferred Stock Nonredeemable Or Redeemable Issuer Option Value
ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
1000000 usd
CY2023Q2 us-gaap Convertible Preferred Stock Nonredeemable Or Redeemable Issuer Option Value
ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
1000000 usd
CY2024Q2 us-gaap Convertible Debt
ConvertibleDebt
1000000 usd
CY2023Q2 us-gaap Convertible Debt
ConvertibleDebt
2185810 usd
CY2024Q2 us-gaap Convertible Preferred Stock Nonredeemable Or Redeemable Issuer Option Value
ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
1000000 usd
CY2023Q2 us-gaap Convertible Preferred Stock Nonredeemable Or Redeemable Issuer Option Value
ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
1000000 usd
CY2024Q2 us-gaap Convertible Debt
ConvertibleDebt
1000000 usd
CY2023Q2 us-gaap Convertible Debt
ConvertibleDebt
2185810 usd
CY2024Q2 us-gaap Cash
Cash
184000 usd
CY2024Q2 arat Working Capital Deficit
WorkingCapitalDeficit
397000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1448769 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
226951 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
1675720 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1510 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5033332 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
268000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
169373 usd
CY2023Q4 us-gaap Assets
Assets
7147935 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
100000 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
157756 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
358134 usd
CY2023Q4 us-gaap Liabilities
Liabilities
358134 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
10000 usd
CY2024Q2 us-gaap Cash
Cash
184000 usd
CY2024Q2 arat Working Capital Deficit
WorkingCapitalDeficit
397000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1448769 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
226951 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
1675720 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1510 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5033332 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
268000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
169373 usd
CY2023Q4 us-gaap Assets
Assets
7147935 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
100000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
100378 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
157756 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
358134 usd
CY2023Q4 us-gaap Liabilities
Liabilities
358134 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
10000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
12616 usd
CY2023Q4 arat Common Stock To Be Issue
CommonStockToBeIssue
1440000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
27920998 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
12616 usd
CY2023Q4 arat Common Stock To Be Issue
CommonStockToBeIssue
1440000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
27920998 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7147935 usd
CY2023Q2 us-gaap Revenues
Revenues
226886 usd
us-gaap Revenues
Revenues
453772 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
226886 usd
us-gaap Gross Profit
GrossProfit
453772 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
743341 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
988463 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1959107 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1959107 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
2702448 usd
us-gaap Operating Expenses
OperatingExpenses
2947570 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2475562 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2522688 usd
CY2023Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-28890 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-28890 usd
CY2023Q2 arat Other Nonoperating Income Expense One
OtherNonoperatingIncomeExpenseOne
713136 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
684246 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-364383 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1791316 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2858181 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-1791316 usd
us-gaap Profit Loss
ProfitLoss
-2858181 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24564538 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17291813 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2858181 usd
arat Equity Based Compensation Expense Stock
EquityBasedCompensationExpenseStock
1959107 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
713136 usd
arat Amortization Of Debt Discount Related To Derivative
AmortizationOfDebtDiscountRelatedToDerivative
1047879 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
453772 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13435 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1004667 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1539010 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1539010 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
534343 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
534343 usd
us-gaap Notes Issued1
NotesIssued1
1091164 usd
us-gaap Stock Issued1
StockIssued1
18550285 usd
CY2024Q2 us-gaap Revenues
Revenues
301750 usd
CY2023Q2 us-gaap Revenues
Revenues
226886 usd
us-gaap Revenues
Revenues
528636 usd
us-gaap Revenues
Revenues
453772 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-22593813 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
6789801 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7147935 usd
CY2023Q2 us-gaap Revenues
Revenues
226886 usd
us-gaap Revenues
Revenues
453772 usd
us-gaap Gross Profit
GrossProfit
453772 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
743341 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
988463 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1959107 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1959107 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
2702448 usd
us-gaap Operating Expenses
OperatingExpenses
2947570 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2475562 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2522688 usd
CY2023Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-28890 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-28890 usd
CY2023Q2 arat Other Nonoperating Income Expense One
OtherNonoperatingIncomeExpenseOne
713136 usd
arat Other Nonoperating Income Expense One
OtherNonoperatingIncomeExpenseOne
-335493 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
684246 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-364383 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1791316 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2858181 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-1791316 usd
us-gaap Profit Loss
ProfitLoss
-2858181 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24564538 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17291813 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2858181 usd
arat Equity Based Compensation Expense Stock
EquityBasedCompensationExpenseStock
1959107 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
713136 usd
arat Amortization Of Debt Discount Related To Derivative
AmortizationOfDebtDiscountRelatedToDerivative
1047879 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
453772 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13435 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1539010 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1539010 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
534343 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
534343 usd
us-gaap Notes Issued1
NotesIssued1
1091164 usd
us-gaap Stock Issued1
StockIssued1
18550285 usd
CY2024Q2 us-gaap Revenues
Revenues
301750 usd
CY2023Q2 us-gaap Revenues
Revenues
226886 usd
us-gaap Revenues
Revenues
528636 usd
us-gaap Revenues
Revenues
453772 usd
CY2024Q2 us-gaap Revenues
Revenues
301750 usd
CY2023Q2 us-gaap Revenues
Revenues
226886 usd
us-gaap Revenues
Revenues
528636 usd
us-gaap Revenues
Revenues
453772 usd
CY2024Q2 us-gaap Business Combination Separately Recognized Transactions Liabilities Recognized
BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized
18550285 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
110000 usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
58000 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
100000 usd
us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
268000 usd
us-gaap Taxes And Licenses
TaxesAndLicenses
268000 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5033332 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
268000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
268000 usd
CY2024Q2 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
55000 usd
CY2024Q2 us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
0.10 pure
CY2024Q2 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
April 4, 2026
CY2024Q2 us-gaap Debt Conversion Description
DebtConversionDescription
the Company entered into two convertible promissory note agreements with two lenders for $20,000 each, with a total of $40,000 in proceeds received. The notes bear interest on the unpaid principal balances at a rate equal to ten percent (10%) per annum, accruing from the date of issuance until the notes become due and payable at maturity. All principal and interest accrued shall be due on April 10, 2026.
CY2024Q2 us-gaap Revenues
Revenues
301750 usd
CY2023Q2 us-gaap Revenues
Revenues
226886 usd
us-gaap Revenues
Revenues
528636 usd
us-gaap Revenues
Revenues
453772 usd
CY2024Q2 us-gaap Business Combination Separately Recognized Transactions Liabilities Recognized
BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized
18550285 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
110000 usd
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
58000 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
100000 usd
us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
268000 usd
us-gaap Taxes And Licenses
TaxesAndLicenses
268000 usd
CY2024Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
6298452 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5033332 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
268000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
268000 usd
CY2024Q2 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
55000 usd
CY2024Q2 us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
0.10 pure
CY2024Q2 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
April 4, 2026
CY2024Q2 us-gaap Debt Conversion Description
DebtConversionDescription
the Company entered into two convertible promissory note agreements with two lenders for $20,000 each, with a total of $40,000 in proceeds received. The notes bear interest on the unpaid principal balances at a rate equal to ten percent (10%) per annum, accruing from the date of issuance until the notes become due and payable at maturity. All principal and interest accrued shall be due on April 10, 2026.
CY2021Q1 arat Common Stock Issued For Loan And Compensation Expenses
CommonStockIssuedForLoanAndCompensationExpenses
100000 usd
CY2021Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
16166 usd
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
83834 usd
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
126160534 shares
CY2024Q2 arat Equity Convertible Notes Payable
EquityConvertibleNotesPayable
95000 usd
arat Promissory Notes Stock Issued
PromissoryNotesStockIssued
1100466 usd
CY2024Q2 us-gaap Asset Acquisition Indemnification Asset Amount
AssetAcquisitionIndemnificationAssetAmount
0 usd
CY2023Q4 us-gaap Asset Acquisition Indemnification Asset Amount
AssetAcquisitionIndemnificationAssetAmount
0 usd
CY2021Q1 arat Common Stock Issued For Loan And Compensation Expenses
CommonStockIssuedForLoanAndCompensationExpenses
100000 usd
CY2021Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
16166 usd
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
83834 usd
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
126160534 shares
CY2024Q2 arat Equity Convertible Notes Payable
EquityConvertibleNotesPayable
95000 usd
arat Promissory Notes Stock Issued
PromissoryNotesStockIssued
1100466 usd
CY2024Q2 us-gaap Asset Acquisition Indemnification Asset Amount
AssetAcquisitionIndemnificationAssetAmount
0 usd
CY2023Q4 us-gaap Asset Acquisition Indemnification Asset Amount
AssetAcquisitionIndemnificationAssetAmount
0 usd

Files In Submission

Name View Source Status
0001753926-24-001561-index-headers.html Edgar Link pending
0001753926-24-001561-index.html Edgar Link pending
0001753926-24-001561.txt Edgar Link pending
0001753926-24-001561-xbrl.zip Edgar Link pending
arat-20240430.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
g084414_10q.htm Edgar Link pending
g084414_ex31-1.htm Edgar Link pending
g084414_ex31-2.htm Edgar Link pending
g084414_ex32-1.htm Edgar Link pending
g084414_ex32-2.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
arat-20240430_pre.xml Edgar Link unprocessable
arat-20240430_lab.xml Edgar Link unprocessable
g084414_10q_htm.xml Edgar Link completed
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
arat-20240430_def.xml Edgar Link unprocessable
arat-20240430_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable