Thu, Aug 29, 11:59 AM (138 days ago)
For the quarter ending July 31, 2024, Orion Bliss Corp. reported no revenue, maintaining a net loss of $13,505, an improvement from a loss of $33,623 in the same quarter of 2023. Total assets decreased to $874, with cash reserves at $740. Current liabilities rose to $103,572, primarily due to related party loans and accounts payable. The company's accumulated deficit increased to $123,658, raising concerns about its ability to continue as a going concern without additional capital. Management's reliance on future funding through equity or debt is evident, as the company has not yet established a stable revenue source. Cash flows from operating activities remained negative, and financing activities generated $13,055, down from $26,173 the previous year. The company anticipates increased operational expenses but lacks a concrete funding plan, highlighting uncertainties in its financial future. Overall, the quarterly performance reflects ongoing challenges in achieving profitability and sustaining operations.