Company: ORIB
Filing Date: 2025-02-25
Form Type: 10-Q
Source: 0001683168-25-001211
Chunk: 9

Company: Orion Bliss Corp.
Filing Date: 2025-02-25
Form: 10-Q
Item: Item 1
Chunk 9
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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 taxes 
    January 31, 2025 

    Net operating loss 
    $(26,377)
  
    Valuation allowance 
     26,377 
  
    Deferred tax assets, net 
    $– 

     10 

The Company has accumulated approximately $125,607
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 of future taxable income during the periods in which those temporary differences become deductible. Management considers
the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment.
Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs
for every period because it is more likely than not that all of the deferred tax asset will not be realized.

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.

Management expects that its business will be impacted
to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which
it may have an impact cannot be determined at this time.

Note 7 – SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has
analyzed its operations subsequent to January 31, 2025 to the date these financial statements were issued, and has determined that it
does not have any material subsequent events to disclose in these financial statements.

 11 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATION

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not
historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of
the Securities Act of 1933 (the “