Company: ORIB
Filing Date: 2025-07-08
Form Type: 10-K
Source: 0001683168-25-004973
Chunk: 21

Company: Orion Bliss Corp.
Filing Date: 2025-07-08
Form: 10-K
Item: Item 1
Chunk 21
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aturities of three months or less to be cash equivalents. As of April 30, 2025 and 2024 there are no cash and cash
equivalents.

Intangible Assets

The Company purchased and possesses an asset
in a form of the website and mobile application. 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).

Balances as of April 30, 2025 is as follows:

    Schedule of intangible assets 
    April 30, 2025 

    Non- Current Assets 

    Intangible Assets Purchased 

    Mobile Application 
    $45,500 
  
    Accumulated Amortization 
     (4,550)
  
    Website Development, net 
     134 
  
    Total Non-Current Intangible Assets 
    $41,084 

     F-9 

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and
Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy
prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

    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.

The carrying value of cash and the Company’s
loan from shareholder approximates its fair value due to their short-term maturity.

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 not expected to be realized.

Long-Lived Assets – Intangible Assets

We account for our intangible assets in accordance
with ASC Subtopic 350-30, General Intangibles Other Than Goodwill,