Quarterly ResultJul 8, 2026, 08:16 AM
Orion Bliss Reports $40.9K Net Loss; Auditor Doubts Going Concern
AI Summary
Orion Bliss Corp. reported a significant net loss of $(40,926) for fiscal year 2026, an increase from the prior year, alongside a substantial decrease in revenue to $12,000. The company's auditor expressed substantial doubt about its ability to continue as a going concern due to operating losses and a working capital deficit. Additionally, management concluded that the company's disclosure controls and procedures were not effective as of April 30, 2026.
Key Highlights
- Auditor expressed substantial doubt about Orion Bliss's ability to continue as a going concern.
- Reported a net loss of $(40,926) for fiscal year 2026, compared to $(14,703) in 2025.
- Revenue decreased to $12,000 in fiscal year 2026 from $26,015 in fiscal year 2025.
- General and administrative expenses increased to $52,926 in 2026 from $40,718 in 2025.
- Disclosure controls and procedures were deemed not effective as of April 30, 2026.
- Total assets decreased to $37,025 in 2026 from $60,604 in 2025.
- Total current liabilities increased to $181,848 in 2026 from $164,500 in 2025.
Price Impact