Company: ORIB
Filing Date: 2025-11-26
Form Type: 10-Q
Source: 0001683168-25-008685
Chunk: 6

Company: Orion Bliss Corp.
Filing Date: 2025-11-26
Form: 10-Q
Item: Item 1
Chunk 6
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 Equivalents

The Company considers all highly liquid investments
with the original maturities of three months or less to be cash equivalents.

Mobile Application and Website development
- amortization

The Company is using straight - line amortization
for our mobile application and website since they are fully operational as of October 31, 2024.

Mobile Application and Website – $45,500.

Term of amortization – 60 months (5 years).

Since October 31, 2024 to October 31, 2025 the
company’s accumulated amortization was $9,100.

Interest Payable Note

The Company holds Promissory note payable of $45,500,
as per contract the company has to pay interest of 10% annually. As of October 31, 2025 the Company’s Interest payable is $4,552.

     8 

Fair Value of Financial Instruments

Financial Accounting Standards Board (“FASB”)
Accounting Standards Codification (“ASC”) Topic 820 “Fair Value Measurement” defines fair value as the exchange
price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or
liability in an orderly transaction between market participants on the measurement date. The standards apply to recurring and nonrecurring
fair value measurements of financial and non-financial assets and liabilities. The Company determines the fair values of its assets and
liabilities based on a fair value hierarchy that includes three levels of inputs that may be used to measure fair value.

For the three levels are defined as follows:

    Level 1:
    defined as observable inputs such as quoted prices in active markets;
  
    Level 2:
    defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
  
    Level 3:
    defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Due to its short-term nature, the carrying value
of receivables, accounts payable, and advances approximated fair value at October 31, 2025.

Income Taxes

Income taxes are computed using the asset and
liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences
between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws.
A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are