Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Apr. 30, 2022 | Jun. 21, 2022 | |
Document Information Line Items | ||
Entity Registrant Name | ARION GROUP CORP. | |
Trading Symbol | ARGC | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --01-31 | |
Entity Common Stock, Shares Outstanding | 7,630,000 | |
Amendment Flag | false | |
Entity Central Index Key | 0001698702 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Document Period End Date | Apr. 30, 2022 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q1 | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Shell Company | true | |
Entity Ex Transition Period | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 333-216895 | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 35-2577375 | |
Entity Address, Address Line One | 16839 Gale Ave | |
Entity Address, Address Line Two | #210 | |
Entity Address, City or Town | City of Industry | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 91748 | |
City Area Code | (888) | |
Local Phone Number | 991-6839 | |
Entity Interactive Data Current | No | |
Title of 12(b) Security | Common Stock, $.001 par value | |
Security Exchange Name | NONE |
Balance Sheets
Balance Sheets - USD ($) | Apr. 30, 2022 | Jan. 31, 2022 |
Current Assets | ||
Cash and cash equivalents | $ 648 | $ 3,863 |
Total Current Assets | 648 | 3,863 |
Property and equipment, net | 278 | 278 |
Total Assets | 926 | 4,141 |
Current Liabilities | ||
Accounts payable | 5,099 | 2,599 |
Accrued expense | 4,500 | |
Loan from stockholder | 161,001 | 141,001 |
Total Current Liabilities | 166,100 | 148,100 |
Total Liabilities | 166,100 | 148,100 |
Stockholders’ Deficit | ||
Common stock, $0.001 par value, 75,000,000 shares authorized; 7,630,000 shares issued and outstanding as of April 30 and January 31, 2022 | 7,630 | 7,630 |
Additional paid-in capital | 91,102 | 91,102 |
Accumulated deficit | (263,906) | (242,691) |
Total Stockholders’ Deficit | (165,174) | (143,959) |
Total Liabilities and Stockholders’ Deficit | $ 926 | $ 4,141 |
Balance Sheets (Parentheticals)
Balance Sheets (Parentheticals) - $ / shares | Apr. 30, 2022 | Jan. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Common stock, par value (in Dollars per share) | $ 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 | |
Apr. 30, 2022 | Apr. 30, 2021 | |
Income Statement [Abstract] | ||
Revenue | ||
Operating Expenses | ||
General and administrative expenses | 21,215 | 13,165 |
Total Operating Expenses | 21,215 | 13,165 |
Loss from Operations | (21,215) | (13,165) |
Loss Before Income Taxes | (21,215) | (13,165) |
Provision for Income Taxes | ||
Income tax expense | ||
Net Loss | $ (21,215) | $ (13,165) |
Weighted Average Number of Common Shares Outstanding: | ||
Basic and Diluted (in Shares) | 7,630,000 | 7,630,000 |
Loss Per Common Share: | ||
Basic and Diluted (in Dollars per share) | $ 0 | $ 0 |
Statements of Changes in Stockh
Statements of Changes in Stockholders' Deficit - USD ($) | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Balance at Jan. 31, 2021 | $ 7,630 | $ 91,102 | $ (170,061) | $ (71,329) |
Balance (in Shares) at Jan. 31, 2021 | 7,630,000 | |||
Net loss for the period | (13,165) | (13,165) | ||
Balance at Apr. 30, 2021 | $ 7,630 | 91,102 | (183,226) | (84,494) |
Balance (in Shares) at Apr. 30, 2021 | 7,630,000 | |||
Balance at Jan. 31, 2022 | $ 7,630 | 91,102 | (242,691) | (143,959) |
Balance (in Shares) at Jan. 31, 2022 | 7,630,000 | |||
Net loss for the period | (21,215) | (21,215) | ||
Balance at Apr. 30, 2022 | $ 7,630 | $ 91,102 | $ (263,906) | $ (165,174) |
Balance (in Shares) at Apr. 30, 2022 | 7,630,000 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Apr. 30, 2022 | Apr. 30, 2021 | |
Operating Activities | ||
Net loss | $ (21,215) | $ (13,165) |
Changes in operating assets and liabilities | ||
Accounts payable | 2,500 | 174 |
Accrued expense | (4,500) | |
Net cash used in operating activities | (23,215) | (12,991) |
Financing Activities | ||
Proceeds of loan from stockholder | 20,000 | |
Net cash provided by financing activities | 20,000 | |
Net decrease in cash and cash equivalents | (3,215) | (12,991) |
Cash and equivalents at beginning of the period | 3,863 | 19,894 |
Cash and equivalents at end of the period | 648 | 6,903 |
Cash paid for: | ||
Interest | ||
Taxes |
Organization and Business
Organization and Business | 3 Months Ended |
Apr. 30, 2022 | |
Accounting Policies [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 shareholder loan owed to Ms. Kriukova in the amount of $2,663 with cash and inventory on hand pursuant to the SPA on November 21, 2018. On May 5, 2020, Mr. Hui Song, a former member of the Board of Directors of the Company, resigned as a director. On June 3, 2020, Mr. Mingyong Huang entered into another Stock Purchase Agreement (the “2020 SPA”), pursuant to which Mr. Huang sold all of his 5,000,000 shares of the Company’s common stock to Mr. Jay Hamilton, who becomes the Company’s majority and controlling stockholder. On June 4, 2020, Ms. Maria Itzel Torres Siegrist resigned as Secretary of the Company. In connection with the change of control as of June 17, 2020 the Board appointed Mr. Hamilton to the Company’s Board of Directors. Also, on June 17, 2020, the Board appointed Mr. Hamilton as President/CEO and Ms. Brenda Bin Wang as CFO and Mr. Huang as Secretary. Mr. Huang remains a director of the Company. 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 the filing date, no definitive agreement has been entered into in connection with our business plan related to the above targeted industry. |
Going Concern
Going Concern | 3 Months Ended |
Apr. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN The Company’s financial statements as of and for the three months ended April 30, 2022 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, and incurred recurring losses and had a working capital deficit as of April 30, 2022. 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 | 3 Months Ended |
Apr. 30, 2022 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The balance sheet as of April 30, 2022, the statements of operations, changes in stockholders’ deficit and cash flows for the three-month period ended April 30, 2022, 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 three months ended April 30, 2022 are not necessarily indicative of results expected for the full year ending January 31, 2023. 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 April 30, 2022 and for the three months then ended have been made. It is suggested that these statements be read in conjunction with the January 31, 2022 audited financial statements and the accompanying notes included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes. While the Company believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the financial statements in the period they are determined to be necessary. The current COVID-19 pandemic and general economic environment also increase the degree of uncertainty inherent in these estimates and assumptions. New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to have a material impact on our financial position, operations or cash flows. |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Apr. 30, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 4 – RELATED PARTY TRANSACTIONS The Company may rely on advances from related parties in support of the Company’s efforts and cash requirements 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 three-month period ended April 30, 2022, the Company’s controlling stockholder Mr. Jay Hamilton loaned the Company $20,000 to cover the Company’s operating expenses. The loan is unsecured, non-interest bearing and due on demand. During the three-month period ended April 30, 2021, there was no loan from stockholder to cover the Company’s operating expenses. As of April 30, 2022 and January 31, 2022, the unpaid balances of the loan to stockholder were $161,001 and $141,001, respectively. The Company’s office at 16839 Gale Ave., #210, City of Industry, CA 91745 is a warehouse-office solely owned by Mr. Mingyong Huang. Given that the Company had only minimal operations as of April 30, 2022, Mr. Huang does not charge the Company any fee for using the office at this time. |
Subsequent Event
Subsequent Event | 3 Months Ended |
Apr. 30, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENT | NOTE 5 – SUBSEQUENT EVENT In May 2022, Mr. Jay Hamilton loaned the Company in total of $11,999 to cover the Company’s operating expenses. The loans are unsecured, non-interest bearing and due on demand. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Apr. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The balance sheet as of April 30, 2022, the statements of operations, changes in stockholders’ deficit and cash flows for the three-month period ended April 30, 2022, 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 three months ended April 30, 2022 are not necessarily indicative of results expected for the full year ending January 31, 2023. 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 April 30, 2022 and for the three months then ended have been made. It is suggested that these statements be read in conjunction with the January 31, 2022 audited financial statements and the accompanying notes included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes. While the Company believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the financial statements in the period they are determined to be necessary. The current COVID-19 pandemic and general economic environment also increase the degree of uncertainty inherent in these estimates and assumptions. |
New Accounting Pronouncements | New Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to have a material impact on our financial position, operations or cash flows. |
Organization and Business (Deta
Organization and Business (Details) - USD ($) | 1 Months Ended | |
Jun. 03, 2020 | Nov. 21, 2018 | |
Mr. Mingyong Huang [Member] | ||
Organization and Business (Details) [Line Items] | ||
Share of common stock | 5,000,000 | 5,000,000 |
Percentage of issued and outstanding shares | 65.53% | |
Ms. Kriukova [Member] | ||
Organization and Business (Details) [Line Items] | ||
Cash and inventory (in Dollars) | $ 2,663 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Apr. 30, 2022 | Jan. 31, 2022 | |
Related Party Transactions (Details) [Line Items] | ||
Unpaid balances | $ 161,001 | $ 141,001 |
Mr. Jay Hamilton [Member] | ||
Related Party Transactions (Details) [Line Items] | ||
Loaned amount | $ 20,000 |
Subsequent Event (Details)
Subsequent Event (Details) | 1 Months Ended |
May 31, 2022 USD ($) | |
Mr. Jay Hamilton [Member] | Subsequent Event [Member] | |
Subsequent Event (Details) [Line Items] | |
Operating expenses | $ 11,999 |