Arax Holdings Revenue, Net Income & 10-K Summary

Company identity

Nevada-incorporated software and technology holding company.
Transitioned from prior businesses, including food retail, to pursue software and technology assets and related services.
Principal corporate address: 820 E Park Ave, Bldg. F100, Tallahassee, FL 32301.

Pursues acquisitions and joint ventures with software and technology companies to build a technology holding company.
Has acquired and integrated IP assets to support a Blockchain as a Platform (BaaP) ecosystem.
Owns and operates assets related to a Core Blockchain platform and is developing software solutions that run on that platform to grow revenue potential.
Provides ongoing software and logistics services to a company in South Africa, with plans to expand relationships and operations internationally.
Acquired Swiss-based Cilandro SA and associated Swiss licenses to pursue Central Business Digital Currencies for various entities worldwide.

June 24, 2021: Ownership restructuring
- 10,000,000 Series A Preferred Shares transferred from Custodian Ventures LLC to Michael Pieter Loubser.
- Purchaser became approximately 90.6% holder of voting rights on a fully diluted basis and the controlling shareholder.
- David Lazar released the Company from debts owed to him and/or Custodian Ventures.
- New leadership appointed: Michael Pieter Loubser (Chairman), Ockert Cornelius Loubser (CEO), Rastislav Vašička (CIO); a prior director/officer resigned.
December 30, 2022: Acquisition of Core Business Holdings (CBH)
- Transacted via a share swap and accounted as a common-control transfer under ASC 805-50.
- Equity issued recorded at the carrying amount of net assets transferred; the difference was recorded to additional paid-in capital.
- Acquisition provided key IP assets to enhance the BaaP ecosystem.
May 3, 2023: Acquisition of Cilandro SA
- Acquired 100% of Cilandro as an asset acquisition.
- Purchase consideration: 110,000 shares of Arax common stock; a convertible promissory note with principal of $58,000; assumed approximately $100,000 in accrued liabilities; total aggregate purchase price of $268,000.

Provides software and logistics services to a company in South Africa (single listed customer relationship).
Plans to expand service relationships and operational reach internationally, including use of Cilandro’s Swiss licenses to support digital currency initiatives.

CBH acquisition added IP assets that support the Blockchain as a Platform ecosystem.
Cilandro acquisition added Switzerland-based licenses and capabilities intended to support Central Business Digital Currencies globally.
Focused on developing software solutions that operate on the Core Blockchain platform.

Senior executives (CEO, CFO, CIO) provide part-time consulting services with deferred compensation.
The company’s leadership and governance structure reflect the June 24, 2021 ownership changes and executive appointments.

Preparing for potential future acquisitions and interactions with SEC reporting requirements.
Anticipates competition from other venture firms, blank-check companies, and investors; also monitors regulatory compliance, privacy law obligations, and market risk factors.

Principal address for corporate matters: 820 E Park Ave, Bldg. F100, Tallahassee, FL 32301.

No material legal proceedings or litigation were reported in the discussed filing.

Maintains a cybersecurity risk management program integrated with enterprise risk management.
Program components include regular risk assessments, technical safeguards (firewalls, encryption, multi-factor authentication, endpoint protection), employee training, threat monitoring, third-party testing, and cyber insurance.
Governance responsibilities are shared by the Board and CTO, with external consultants engaged as needed.