REVENUES

6 Months Ended

Apr. 30, 2024

Revenue Recognition and Deferred Revenue [Abstract]

REVENUES

NOTE 4 - REVENUES

Revenues

For the three months ended April 30, 2024, Arax Holdings Corp. reported revenue of $301,750, compared to $226,886 for the same period in 2023. For the six months ended April 30, 2024, the Company reported revenue of $528,636, compared to $453,772 for the same period in 2023. The increase in revenue is primarily due to the incorporation of additional modules of Arax’s BaaP (Blockchain-as-a-Platform) enterprise ecosystem in the current sales offerings.

● Service Offerings: Include software subscriptions that require secure access, enabling user interactions via blockchain networks

● Use Cases: The Company develops tailored solutions, known as Use Cases, which can incorporate both physical inventory and software components. These are customized for each client

● Cost Sharing: In some instances, the Company co-invests in the initial setup infrastructure costs with government or enterprise partners

● Revenue Model: Primarily, revenue is derived from subscription fees and transaction fees associated with blockchain interactions, rather than from the initial infrastructure investments.

Disaggregation of Revenue

The following tables provide a disaggregation of revenue by major product line and timing of revenue recognition for the periods presented:

	For the three months ended				For the six months ended
Product Line	April 30, 2024		April 30, 2023		April 30, 2024		April 30, 2023
BaaP Software Modules	$	150,875	$	112,450	$	258,320	$	200,000
Consulting and Integration Services		80,600		65,600		160,000		150,000
Subscription Services		70,275		48,836		110,316		103,772
Total	$	301,750	$	226,886	$	528,636	$	453,772