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COSG: 10-Q · periodic report
Orion Bliss Corp. filed its 10-Q for the quarter ended July 31, 2026, reporting $12,000 of consulting revenue, up from $3,000 a year earlier, with the net loss narrowing to $3,844 from $11,522 in the prior-year quarter. The company disclosed substantial doubt about its ability to continue as a going concern: it holds just $7,610 in cash against $185,986 of current liabilities, with an accumulated deficit of $169,626 and a total stockholders' deficit of $148,666. Management said it must raise additional capital within the next twelve months but has no specific funding plan in place; operations are propped up by related-party support, including a $68,520 director loan, $64,000 of related-party payables, and a $45,500 promissory note bearing 10% interest, and any equity raise would dilute the 3,038,000 shares outstanding. Management also concluded that its disclosure controls and procedures were not effective as of July 31, 2026 — a notable internal-control red flag layered on top of the going-concern doubt.
COSG: 10-K · periodic report
Orion Bliss Corp. reported a net loss of $40,926 for the fiscal year ended April 30, 2026, on revenue of $12,000, which declined from $26,015 in the prior year. The company's independent auditor expressed substantial doubt about its ability to continue as a going concern, citing a working capital deficit of $176,807 and an accumulated deficit of $165,782. Management stated it will require additional capital to meet long-term operating needs but has no specific plan for funding. Management admitted that its disclosure controls and procedures were not effective as of April 30, 2026. The company relies heavily on its president and director, Natalia Perman, who is owed approximately $129,520 in combined loans and accrued consulting fees. Ms. Perman also owns 65.8% of the outstanding common stock. The company's stock is not currently trading, and the aggregate market value of voting and non-voting common equity held by non-affiliates was reported as $0. With only $5,041 in cash and assets of $37,025 against liabilities of $181,848, the business remains in a development stage with significant liquidity risks.
