Company: ORIB
Filing Date: 2025-11-26
Form Type: 10-Q
Source: 0001683168-25-008685
Chunk: 20

Company: Orion Bliss Corp.
Filing Date: 2025-11-26
Form: 10-Q
Item: Item 8
Chunk 20
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 COVID-19 outbreak on the Company’s business and the duration for which
it may have an impact cannot be determined at this time.

Financial Statement Reclassification

Certain account balances from prior periods have
been reclassified in these financial statements to conform to current period classifications.

Note 4 – COMMON STOCK

The Company has 75,000,000, $0.0001 par value
shares of common stock authorized.

On April 15, 2022 the Company issued 2,000,000
shares of common stock to a director for services rendered estimated to be $200 at $0.0001 per share.

In July, 2023, the Company issued 65,500 shares
of common stock to 3 shareholders in consideration of $1,310.

In September and January 2023, the Company issued
822,500 shares of common stock to 29 shareholders at $0.02 per share in consideration of $16,450.

In November and December 2022 followed by January
2023, the Company issued 150,000 shares of common stock to 5 shareholders at $0.02 per share in consideration of $3,000.

There
were 3,038,000
shares of common stock issued and outstanding as of October 31, 2025.

Voting Common Stock

All shares of common stock have voting rights
and are identical. All holders of shares of voting common stock shall at every meeting of the stockholders be entitled to one vote for
each share of the capital stock held by such stockholder.

Non-voting Common Stock

All of the other terms of the Non-Voting Common
Stock shall be identical to the Voting Common Stock, except for the right of first refusal that attaches to the Non-Voting Common Stock,
as explained in the Company’s Bylaws.

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Note 5 – 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