Orion Bliss Corp. (ORIB)
Orion Bliss Corp. is a small, Nevada‐incorporated startup (2021) marketing Milk_Shake natural hair‐care products online and via a new mobile app. For fiscal 2025, revenue reached $26,015 (versus $500 in 2024), driven by initial beauty‐consulting services, but operating expenses of $40,718 led to ...
Orion Bliss Corp. 2025 10-K Review
Orion Bliss Corp. (Orion Bliss'' or theCompany''), incorporated in Nevada in 2021, is a nascent beauty and hair-care enterprise. Positioned as a specialty distributor and consultant for Milk_Shake hair products, the Company aims to combine natural ingredients (milk proteins, fruit extracts, yogurt proteins) with an eco-friendly ethos. Since inception, management has focused on launching an online store, developing a companion mobile app, and planning future retail and kiosk expansions.
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1. Business Overview (Item 1)
• Operations: Orion Bliss sources hair-care products from Red Hot Products Ltd. Its core line, Milk_Shake, emphasizes natural ingredients and reduced sulfates, parabens, and sodium chloride.
• Channels: Sales to date have been exclusively online—via www.orion-bliss.com—and through a mobile application launched October 31, 2024. The Company plans to roll out brick-and-mortar stands and partner salons.
• Management: Sole officer and director Alexandra Solomovskaya leads all functions (CEO, CFO, Secretary, Treasurer). No board committees are in place due to the small scale.
• Employees & Location: No staff beyond the CEO. Principal office in Ashdod, Israel.
2. Risk Factors (Item 1A)
As a smaller reporting company, Orion Bliss did not file formal risk factors in Item 1A. Key risks inferred from the filing:
- Going Concern & Liquidity: Significant accumulated deficits and negative working capital.
- Concentration Risk: Single product/distributor relationship; reliance on founder for operations.
- Market & Competition: Highly competitive beauty sector with well-capitalized incumbents.
- Regulatory & Supply Chain: Potential import, customs, and ingredient-sourcing challenges.
3. Financial Condition & Results of Operations (Item 7 & 7A)
Revenues & Costs
| Fiscal Year Ended April 30 | 2025 | 2024 |
|---|---|---|
| Revenue | $26,015 | $500 |
| General & Admin Expense | 40,718 | 52,856 |
| Net Income (Loss) | (14,703) | (52,356) |
Highlights:
- Revenue grew to $26k from $0.5k—a 5,100% increase—driven by initial consulting and small e-commerce orders.
- Operating costs, chiefly consulting fees and app development, outpaced sales, resulting in a reduced net loss of $14.7k vs. $52.4k last year.
Cash Flow Analysis
| Cash Flow Category | 2025 | 2024 |
|---|---|---|
| Operating Activities (Use) | $(10,153) | $(52,356) |
| Investing Activities (Use) | (45,500) | — |
| Financing Activities (Proc.) | 73,983 | 45,765 |
| Net Change in Cash | 18,330 | (6,591) |
- Operating Cash Burn has improved from $52k to $10k.
- Investing Outlay of $45.5k reflects mobile app capitalization.
- Financing Inflows of $73.9k stem from related-party loans and note issuances.
Balance Sheet Strength
| Balance Sheet As of April 30 | 2025 | 2024 |
|---|---|---|
| Total Assets | $60,604 | $1,324 |
| Total Liabilities | 164,500 | 90,517 |
| Stockholders' Deficit | (103,896) | (89,193) |
- Intangible Assets comprised of the mobile app ($45.5k gross, $4.6k amortized) and website ($134 net).
- Liabilities include $67.7k due to the director, a $45.5k note payable, plus accrued interest and payables.
- Equity Deficit increased to $104k—a concern for solvency.
Going Concern
The auditor’s opinion flagged substantial doubt about the Company’s ability to continue as a going concern, given recurring losses, negative equity, and reliance on shareholder advances.
4. Liquidity & Capital Resources
- Cash Position: $19.5k in escrow as of April 30, 2025.
- Capital Plan: Management expects to fund the next phase via equity or debt offerings and related-party loans. No formal credit lines are in place.
- Working Capital Needs: Higher marketing, inventory acquisition, and staffing costs loom as the Company scales.
No off-balance-sheet arrangements were reported.
5. Management & Corporate Governance
- Leadership: Sole director/officer model; no independent directors or committees.
- Compensation: No cash or equity compensation for the CEO; founder’s time is uncompensated to date.
- Control Environment: The 2025 filing reported ineffective disclosure controls, with plans to improve as operations mature.
6. Critical Accounting Estimates
- Revenue Recognition: Service revenues recognized upon delivery. Judgments around performance obligations were tested during the audit.
- Intangible Amortization: Straight-line over 60 months.
- Valuation Allowance: 100% allowance against deferred tax assets given operating losses.
7. SWOT Summary
Strengths
- Unique, natural-ingredient product line in a growing market.
- Early mover in mobile-first beauty consulting.
Weaknesses
- Limited operating history and scale.
- Cash-flow deficits and negative equity.
- Single-person management, no formal corporate governance.
Opportunities
- Rapid e-commerce growth; post-COVID digital acceleration.
- Potential partnerships with salons, influencers, and retailers.
Threats
- Strong competition from established beauty brands.
- Liquidity constraints may hamper marketing and expansion.
- Regulatory hurdles for cosmetics distribution.
8. Conclusion & Investment Score
Orion Bliss Corp. presents an innovative concept in natural hair care but remains at a very early stage. Revenue traction is promising but modest ($26k). Recurring losses, negative equity, and going concern risks create significant funding and execution challenges. Until substantial scale and sustainable profitability are demonstrated, Orion Bliss carries high investment risk.
Investment Score: 2.0 / 10.0
Orion Bliss may suit speculative investors with an appetite for micro-cap, early-stage ventures in beauty tech. Traditional value or income-driven portfolios should proceed with caution.