SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) |
3 Months Ended |
|---|---|
Jul. 31, 2026 | |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
| Basis of Presentation | The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). |
| New Accounting Pronouncements | Management of Arterior Solutions Corp continues to monitor and evaluate recently issued accounting pronouncements that are not yet effective. Management will adopt these standards as required and does not expect that recently issued standards will have a material impact on the Company’s financial statements. |
| Use of Estimates | The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses, as well as disclosures of contingent assets and liabilities. Actual results could differ from these estimates. |
| Cash and Cash Equivalents | The Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents. As of July 31, 2026, cash and cash equivalents consisted primarily of deposits held with financial institutions. |
| Intangible Assets | The Company capitalizes expenditures directly related to the acquisition and development of intangible assets. The Company’s website is classified as a finite-lived intangible asset and is carried at its historical cost of $3,050, less accumulated amortization and any impairment losses. The website was placed into service during the quarter ended July 31, 2026. Amortization expense was $102 for the three months ended July 31, 2026. The website is amortized on a straight-line basis over an estimated useful life of five years. |
| Amortization of Intangible Assets | Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. The Company amortizes the website’s cost over five years, with amortization calculated and recorded each month. This results in a monthly amortization expense of $51, recognized in the Statement of Operations. The Company periodically reassesses the estimated useful lives and amortization methods to ensure they remain appropriate and accurately reflect the assets’ expected consumption of economic benefits. |
| Rounding Policy | All amounts in these financial statements are presented in U.S. dollars and rounded to the nearest dollar, unless otherwise indicated. |
| Revenue Recognition | Revenue is recognized when control of promised services is transferred to customers, in an amount that reflects the consideration the Company expects to receive, in accordance with ASC 606, “Revenue from Contracts with Customers.”
Revenue is recognized when all of the following criteria are met: the performance obligations in the contract have been identified, the transaction price has been determined, the transaction price has been allocated to the performance obligations, and the revenue is recognized when, or as, those performance obligations are satisfied. |
| Income Taxes | The Company accounts for income taxes under the asset and liability method as prescribed by ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial reporting and tax bases of assets and liabilities, as well as for net operating losses and tax credit carryforwards. A valuation allowance is recorded when necessary to reduce deferred tax assets to the amount expected to be realized. As of July 31, 2026, Arterior Solutions Corp has not recorded a provision for income taxes as no taxable income was recognized under U.S. tax law. |
| Fair Value of Financial Instruments | The Company follows the guidance under ASC 820, “Fair Value Measurements,” and ASC 825, “Financial Instruments,” which require disclosures about the fair value of financial instruments. Fair value estimates presented in these financial statements are based upon market assumptions and information available to management as of July 31, 2026. |
| Earnings per Share | The Company follows ASC 260, “Earnings Per Share,” which governs the calculation, presentation, and disclosure of earnings (loss) per share. Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding during the reporting period. As the Company has no potentially dilutive securities, diluted earnings per share is the same as basic earnings per share. |
| Segment Reporting | The Company follows ASC 280, Segment Reporting. The Company’s chief operating decision maker is its President, Treasurer and sole Director, Mira Palic. The Company currently manages its operations as one operating and reportable segment related to interior design, exterior design, and conceptual design-support services.
During the quarter ended July 31, 2026, the Company generated its first revenue of $5,140 under a contract with its initial customer. Management reviews the Company’s financial information on a company-wide basis and uses net income or loss as reported in the statement of operations to assess performance and allocate resources. Significant expenses reviewed by management consisted of legal and professional fees of $8,712 for the period. The Company had one customer, revenue of $5,140, and one long-lived asset - Website, net book value of $2,948 as of July 31, 2026. |