Company: ORIB
Filing Date: 2025-07-08
Form Type: 10-K
Source: 0001683168-25-004973
Chunk: 225

Company: Orion Bliss Corp.
Filing Date: 2025-07-08
Form: 10-K
Item: Item 10
Chunk 225
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as explained in the Company’s Bylaws.

     F-11 

NOTE 6 – COMMITMENTS
AND CONTINGENCIES

Our sole officer and
director, Alexandra Solomovskaya, has agreed to provide her own premise under office needs. She will not take any fee for these premises;
it is for free use.

NOTE 7 – INCOME
TAXES

On December 22, 2017,
the President of the United States signed into law the Tax Cuts and Jobs Act (“Tax Reform Act”). The legislation significantly
changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a
transition tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduces the U.S. corporate income
tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018.

The reconciliation of
income tax benefit (expenses) at the U.S. statutory rate at 21% for the period ended as follows:

    Schedule of income tax expense 
    April 30, 2025  
    April 30, 2024 

    Tax benefit (expenses) at U.S. statutory rate 
    $(3,088) 
    $(10,995)
  
    Change in valuation allowance 
     3,088  
     10,995 
  
    Tax benefit (expenses), net 
    $–  
    $– 

The tax effects of temporary differences that give rise to significant
portions of the net deferred tax assets are as follows:

    Schedule of deferred tax assets 
    April 30, 2025  
    April 30, 2024 

    Net operating loss 
    $(26,220) 
    $(23,132)
  
    Valuation allowance 
     26,220  
     23,132 
  
    Deferred tax assets, net 
    $–  
    $– 

The Company has accumulated approximately $124,856
of net operating losses (“NOL”) carried forward to offset future taxable income up to 20 years, if any, in future years which
begin to expire in year 2038. In assessing the realization of deferred tax assets, management considers whether it is more likely than
not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent
upon the generation