10-K: Orion Bliss Corp. Files Annual Report on Form 10-K

Orion Bliss Corp. has filed its annual report on Form 10-K for the fiscal year ended April 30, 2026, detailing its business operations, financial condition, and risk factors.

Summary

• Orion Bliss Corp. is a development-stage company incorporated in Nevada on March 23, 2021, focused on online beauty products, with future plans for physical stands and stores.
• The company's primary product line is Milk_Shake hair care products, emphasizing natural ingredients and sustainable packaging.
• As of April 30, 2026, the company had total assets of $37,025 and a total stockholders' deficit of $(144,822).
• For the fiscal year ended April 30, 2026, the company reported revenues of $12,000 and a net loss of $(40,926).
• The company has no employees other than its officer and director and does not currently have employee benefit plans.
• Management acknowledges substantial doubt about the company's ability to continue as a going concern due to operating losses and a need for additional capital.
• The company's stock is not currently trading.
• Disclosure controls and procedures were found to be not effective as of April 30, 2026.
• The company has not adopted a formal code of business conduct or established audit, nominating, or compensation committees, with the director performing these functions.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this filing as having a very negative sentiment due to significant financial losses, declining revenues, and substantial doubt about the company's ability to continue as a going concern.

Positives

• The company is actively pursuing its business plan to offer beauty products online and in physical locations.
• Focus on natural ingredients and recyclable packaging aligns with growing consumer demand for sustainable beauty products.
• Management is actively seeking additional capital through equity or debt securities to fund operations and growth.
• The company has a clear plan to develop its mobile application and website for business operations.

Negatives

• Significant accumulated deficit of $(165,782) as of April 30, 2026.
• Net loss of $(40,926) for the fiscal year ended April 30, 2026.
• Total revenues decreased to $12,000 in fiscal year 2026 from $26,015 in fiscal year 2025.
• The company has no employees other than its officer and director.
• Disclosure controls and procedures were determined to be not effective.
• Substantial doubt exists regarding the company's ability to continue as a going concern.
• The company's stock is not currently trading.
• No dividends are anticipated in the foreseeable future.

Risks

• The company's ability to continue as a going concern is dependent on its ability to generate sufficient revenue and raise additional capital.
• Additional issuances of equity or convertible debt securities will result in dilution to current shareholders.
• Additional financing may not be available on acceptable terms, or at all, which could restrict business operations.
• The company has no lines of credit or other bank financing arrangements.
• The company is subject to the risks associated with being a development-stage company with limited operating history.
• The COVID-19 pandemic is expected to have a material adverse impact on the company's business, financial condition, and results of operations.
• The company cannot eliminate all risks from cybersecurity threats.
• The company has not adopted a formal code of business conduct or established board committees, relying on the director to perform these functions.

Future Outlook

The company expects to require additional capital to meet long-term operating requirements and plans to raise this through the sale of equity or debt securities. Working capital requirements are expected to increase with business growth. Existing working capital, further advances, debt instruments, and anticipated cash flow are expected to be adequate for operations over the next three months. The company will need to raise additional funds in the next twelve months to sustain and expand operations, anticipating equity financing.

Management Comments

• Management believes that Natalia Perman's education and experience allow her to make quick decisions, consider opportunities from various angles, and cope with unexpected challenges.
• Management believes Natalia Perman's ability to unify teams, remain composed under pressure, and take responsibility makes her well-suited to lead and manage operations.
• Management believes Natalia Perman's innovative perspective and creative approach will contribute significantly to the company's expansion and market advancement.
• Management believes Lado Shapakidze's innovative perspective and creative approach will contribute significantly to the company's expansion and market advancement.
• Management believes Nika Maikhanashvili's experience in business structure analysis, implementation of modern management approaches, and experience in building systems from scratch and optimizing operations could be a turning point for Orion Bliss Corp.'s development.

Industry Context

StockSavvy.ai notes that Orion Bliss Corp. operates in the beauty and hair care industry, a sector that has seen increasing demand for natural and sustainable products. However, as a development-stage company with limited revenue and significant operating losses, Orion Bliss Corp. faces considerable challenges in scaling its operations and competing with established players.

Comparison to Industry Standards

• Orion Bliss Corp.'s revenue of $12,000 for fiscal year 2026 is significantly lower than industry benchmarks for established beauty product companies, which often report revenues in the millions or billions.
• The company's net loss of $(40,926) and accumulated deficit of $(165,782) highlight a financial performance far below industry standards for profitability and financial stability.
• The lack of dedicated departments for audit, compensation, and nominations, with these functions handled by a single director, deviates from the corporate governance standards of larger, publicly traded companies in the beauty sector, which typically have independent committees overseeing these areas.

Corporate Governance

Legal Proceedings

• Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving the company or its properties.
• No director, officer, or affiliate is a party adverse to the company in any legal proceeding or has an adverse interest to the company in any legal proceedings.

Related Party Transactions

• As of April 30, 2026, the company had Accounts Payable - Related Party of $61,000 and a Director Loan of $68,520.
• As of April 30, 2025, Accounts Payable - Related Party was $49,000 and Director Loan was $67,724.
• During fiscal year 2026, the company recorded $12,000 in Accounts Payable - Related Party and $795 in Related Party Loans in the statement of cash flows.
• During fiscal year 2025, the company recorded $12,000 in Accounts Payable - Related Party and $14,207 in Related Party Loans in the statement of cash flows.
• Amounts owed to Natalia Perman were for working capital purposes and are outstanding and payable upon request.
• As of April 1, 2022, per a consulting agreement, the director will be compensated $1,000 monthly, accumulating in Accounts Payable - Related Party.
• As of April 30, 2026, the company owes Natalia Perman $61,000 in consulting fees from inception.
• Natalia Perman has agreed to provide her premises for office needs free of charge.

Stakeholder Impact

• Shareholders face potential dilution from future equity issuances and the risk of the company not continuing as a going concern.
• Employees (currently only one officer/director) are not covered by any benefit plans.
• Creditors may face uncertainty regarding the company's ability to meet its obligations due to its going concern status.

Next Steps

• The company intends to finance future expenses with further issuances of securities and debt issuances.
• The company will need to raise additional funds in the next twelve months to sustain and expand operations.
• Management will continue to seek short-term loans from directors.
• The company may adopt employee benefit plans in the future.

Key Dates

Recommendation

The company exhibits significant financial distress, including declining revenues, increasing net losses, a substantial accumulated deficit, and a going concern uncertainty. The lack of effective internal controls and limited corporate governance structures further amplify the risks. Without a clear plan for capital infusion and operational improvement, the outlook is highly unfavorable.

Keywords

Orion Bliss Corp, Form 10-K, Annual Report, Beauty Products, Hair Care, Milk-Shake Products, Going Concern, Financial Statements, SEC Filing, Nevada Corporation