Arax Holdings Corp
AI Executive Summary
AI-powered analysis of 10-K filing content
Arax Holdings Corp is a shell company that underwent custodianship in 2020 after being dormant for 15 years, with David Lazar appointed as sole officer holding all executive positions. The company has pivoted from hot dog stands to a software/technology holding company but appears to have no actual operations, revenue, or viable business plan.
Red Flags Detected (7)
Company was dormant from May 2005 through October 2020 (15 years)
Subject to custodianship proceeding in Nevada court
Single individual (David Lazar) holds all executive positions (CEO, President, Secretary, CFO, Chairman)
4 more red flags detected
Key Takeaways
This appears to be a shell company with no operating business
Extreme management concentration creates governance risks
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Annual Report: Comprehensive filing covering the full fiscal year with audited financial statements.