Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jul. 31, 2019 | Sep. 23, 2019 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | ARION GROUP CORP. | |
Entity Central Index Key | 0001698702 | |
Amendment Flag | false | |
Document Type | 10-Q | |
Document Period End Date | Jul. 31, 2019 | |
Document Fiscal Period Focus | Q2 | |
Current Fiscal Year End Date | --01-31 | |
Document Fiscal Year Focus | 2020 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 7,630,000 | |
Entity File Number | 333-216895 | |
Entity Interactive Data Current | No | |
Entity Incorporation State Country Code | NV |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Jul. 31, 2019 | Jan. 31, 2019 |
Current Assets | ||
Cash and cash equivalents | $ 3,742 | $ 9,090 |
Prepaid expense | 10,000 | |
Total Current Assets | 13,742 | 9,090 |
Property and equipment, net | 278 | 510 |
Total Assets | 14,020 | 9,600 |
Current Liabilities | ||
Accounts payable | 17,321 | 2,112 |
Loan from shareholders | 40,432 | 20,432 |
Total Current Liabilities | 57,753 | 22,544 |
Total Liabilities | 57,753 | 22,544 |
Stockholders' Deficit | ||
Common stock, $0.001 par value, 75,000,000 shares authorized; 7,630,000 shares issued and outstanding | 7,630 | 7,630 |
Additional paid-in-capital | 23,670 | 23,670 |
Accumulated deficit | (75,033) | (44,244) |
Total Stockholders' Deficit | (43,733) | (12,944) |
Total Liabilities and Stockholders' Deficit | $ 14,020 | $ 9,600 |
Balance Sheets (Unaudited) (Par
Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jul. 31, 2019 | Jan. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 7,630,000 | 7,630,000 |
Common stock, shares outstanding | 7,630,000 | 7,630,000 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2019 | Jul. 31, 2018 | |
Income Statement [Abstract] | ||||
Revenue | $ 6,000 | |||
Operating Expenses | ||||
General and administrative expenses | 18,226 | 22,312 | 36,789 | 26,876 |
Total Operating Expenses | 18,226 | 22,312 | 36,789 | 26,876 |
Income (Loss) from Operations | (18,226) | (22,312) | (30,789) | (26,876) |
Net Income (Loss) | $ (18,226) | $ (22,312) | $ (30,789) | $ (26,876) |
Earnings (Loss) per Common Share (Basic and Diluted): | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares outstanding: | ||||
Basic and Diluted | 7,630,000 | 7,630,000 | 7,630,000 | 7,630,000 |
Statements of Changes in Stockh
Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Common Stock | Additional Paid in Capital | Accumulated Gain (Deficit) | Total |
Balance at Jan. 31, 2018 | $ 7,630 | $ 23,670 | $ 587 | $ 31,887 |
Balance, shares at Jan. 31, 2018 | 7,630,000 | |||
Net loss for the period | (4,564) | (4,564) | ||
Balance at Apr. 30, 2018 | $ 7,630 | 23,670 | (3,977) | 27,323 |
Balance, shares at Apr. 30, 2018 | 7,630,000 | |||
Net loss for the period | (22,312) | (22,312) | ||
Balance at Jul. 31, 2018 | $ 7,630 | 23,670 | (26,289) | 5,011 |
Balance, shares at Jul. 31, 2018 | 7,630,000 | |||
Balance at Jan. 31, 2019 | $ 7,630 | 23,670 | (44,244) | (12,944) |
Balance, shares at Jan. 31, 2019 | 7,630,000 | |||
Net loss for the period | (12,563) | (12,563) | ||
Balance at Apr. 30, 2019 | $ 7,630 | 23,670 | (56,807) | (25,507) |
Balance, shares at Apr. 30, 2019 | 7,630,000 | |||
Net loss for the period | (18,226) | (18,226) | ||
Balance at Jul. 31, 2019 | $ 7,630 | $ 23,670 | $ (75,033) | $ (43,733) |
Balance, shares at Jul. 31, 2019 | 7,630,000 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jul. 31, 2019 | Jul. 31, 2018 | |
Cash flows from Operating Activities | ||
Net Loss | $ (30,789) | $ (26,876) |
Adjustment to reconcile net loss to net cash provided by (used in) operating activities | ||
Depreciation | 232 | 232 |
Changes in operating assets and liabilities | ||
Prepaid expense | (10,000) | |
Accounts payable | 15,209 | (3,099) |
Inventory | (2,800) | |
Net cash used in operating activities | (25,348) | (32,543) |
Cash flows from Financing Activities | ||
Proceeds of loan from related parties | 20,000 | |
Net cash provided by financing activities | 20,000 | |
Net decrease in cash and cash equivalents | (5,348) | (32,543) |
Cash and equivalents at beginning of the period | 9,090 | 36,675 |
Cash and equivalents at end of the period | 3,742 | 4,132 |
Cash paid for: | ||
Interest | ||
Taxes |
Organization and Business
Organization and Business | 6 Months Ended |
Jul. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BUSINESS | NOTE 1 – ORGANIZATION AND BUSINESS ARION GROUP CORP. ("we", "our", the "Company") is a corporation established under the corporation laws in the State of Nevada on November 7, 2016. The Company has adopted January 31 as its fiscal year end. On November 21, 2018, a change in control of the Company occurred, pursuant to which Mr. Mingyong Huang acquired a total of 5,000,000 shares of the Company's common stock (or approximately 65.53% of the total issued and outstanding shares of the Company as of the date of acquisition) from Ms. Nataliia Kriukova, a former principal shareholder of the Company. Pursuant to the Stock Purchase Agreement (the "SPA") and other related agreements, Ms. Kriukova resigned from all management and Board positions. The Company also paid off the shareholder loan owed to Ms. Kriukova in the amount of $2,663 with cash and inventory on hand pursuant to the PSA on November 21, 2018. Prior to November 21, 2018, we distributed an assortment of cedar phyto barrels in the USA and Europe. The business of distribution of cedar phyto barrels was discontinued after November 21, 2018. We have classified the results of the cedar phyto barrels business as discontinued operations in our financial statements. We are currently a start-up company exploring various manufacturing and distribution business opportunities in the dietary ingredient and nutritional supplement industry. However, as of June 19, 2019, no definitive agreement has been entered into in connection with our business plan related to the above targeted industry. |
Going Concern
Going Concern | 6 Months Ended |
Jul. 31, 2019 | |
Going Concern [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN The Company's financial statements as of and for the six months ended July 31, 2019 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs, has incurred an accumulated deficit of $75,033 as of July 31, 2019, and a working capital deficit in the amount of $44,011 as of July 31, 2019. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jul. 31, 2019 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The balance sheet as of July 31, 2019, the statements of operations, changes in stockholders' deficit and cash flows for the six-month ended July 31, 2019 and 2018, have been prepared by the Company without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures, normally included in the financial statements prepared in accordance with U.S. GAAP, have been condensed or omitted as allowed by such rules and regulations, and the Company believes that the disclosures are adequate to make the information presented not misleading. The results of operations for the six-months ended July 31, 2019 are not necessarily indicative of results expected for the full year ending January 31, 2020. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the Company's financial position and results of operations at July 31, 2019 and for the six months then ended have been made. It is suggested that these statements be read in conjunction with the January 31, 2019 audited financial statements and the accompanying notes included in the Company's Annual Report on Form 10-K and related amendments filed with the Securities and Exchange Commission. Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions. New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows. |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Jul. 31, 2019 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 4 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. During the year ended January 31, 2019, the Company’s current major shareholder Mr. Mingyong Huang loaned the Company $20,432 to cover the company’s operating expenses. The Company borrowed an additional $10,000 from Mr. Huang in April 2019 and another $10,000 in May 2019. As of July 31, 2019, the amount outstanding was $40,432. The loan is non-interest bearing, unsecured, and is due upon demand. The Company’s office at 16839 Gale Ave., #210, City of Industry, CA 91745 is a warehouse-office solely owned by Mr, Mingyong Huang, the Company’s CEO and major shareholder. Given that the Company had only minimal operations and essentially no employee except Mr. Huang himself, Mr. Huang is not charging the Company any fee for using the office at this time. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jul. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The balance sheet as of July 31, 2019, the statements of operations, changes in stockholders' deficit and cash flows for the six-month ended July 31, 2019 and 2018, have been prepared by the Company without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures, normally included in the financial statements prepared in accordance with U.S. GAAP, have been condensed or omitted as allowed by such rules and regulations, and the Company believes that the disclosures are adequate to make the information presented not misleading. The results of operations for the six-months ended July 31, 2019 are not necessarily indicative of results expected for the full year ending January 31, 2020. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the Company's financial position and results of operations at July 31, 2019 and for the six months then ended have been made. It is suggested that these statements be read in conjunction with the January 31, 2019 audited financial statements and the accompanying notes included in the Company's Annual Report on Form 10-K and related amendments filed with the Securities and Exchange Commission. |
Use of Estimates | Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management's estimates and assumptions. |
New Accounting Pronouncements | New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows. |
Organization and Business (Deta
Organization and Business (Details) | 1 Months Ended |
Nov. 21, 2018USD ($)shares | |
Mr. Mingyong Huang [Member] | |
Organization and Business (Textual) | |
Share value of common stock acquired | shares | 5,000,000 |
Percentage of issued and outstanding shares | 65.53% |
Ms. Kriukova [Member] | |
Organization and Business (Textual) | |
Cash and inventory | $ | $ 2,663 |
Going Concern (Details)
Going Concern (Details) - USD ($) | Jul. 31, 2019 | Jan. 31, 2019 |
Going Concern [Abstract] | ||
Accumulated deficit | $ (75,033) | $ (44,244) |
Working capital | $ 44,011 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | 1 Months Ended | 6 Months Ended | 12 Months Ended | |
May 31, 2019 | Apr. 30, 2019 | Jul. 31, 2019 | Jan. 31, 2019 | |
Related Party Transactions (Textual) | ||||
Operating expenses | $ 20,432 | |||
Outstanding amount | $ 40,432 | |||
Mr. Mingyong Huang [Member] | ||||
Related Party Transactions (Textual) | ||||
Operating expenses | $ 10,000 | $ 10,000 |