Company: ORIB
Filing Date: 2025-02-25
Form Type: 10-Q
Source: 0001683168-25-001211
Chunk: 5

Company: Orion Bliss Corp.
Filing Date: 2025-02-25
Form: 10-Q
Item: Item 1
Chunk 5
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 statements. In the opinion of management, all adjustments
(consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for
the three -months ended January 31, 2025, are not necessarily indicative of the operating results that may be expected for the year ending
April 30, 2024. These unaudited condensed financial statements should be read in conjunction with the April 30, 2024, financial statements
and notes thereto.

Revenue

In accordance with ASC 606, revenue is measured based on a consideration
specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

During the three month and nine month periods ended January 31,
2025, we have generated $8,765 and $14,765 revenue, respectively.

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Use of Estimates

The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount
of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Deferred Offering Costs

Financial Accounting Standard Board Accounting
Standards Codification number 340-10-S99-1, Other Assets and Deferred Costs, allows specific, incremental costs directly related
to securities offerings to be deferred and charged against the gross proceed of the offering. The Company defers applicable syndication
expenses based on these criteria. The Company will write off all deferred offering costs if a securities offering is aborted.

Cash and Cash 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 January 31, 2025 the
company’s accumulated amortization was $2,275.

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 January 31, 2025 the Company’s Interest payable is $1,138.

Fair Value of Financial Instruments