Tancheng (QSJC) 10-Q 7 Jun 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2021	Jun. 07, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Registrant Name	BIGEON CORP.
Entity Central Index Key	0001753391
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		4,381,550
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Shell Company	true
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true

BALANCE SHEETS (Unaudited)

BALANCE SHEETS (Unaudited) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Current Assets
Cash	$ 124	$ 1,610
Prepaid Rent	155	221
Prepaid Expenses	134	621
Total Current Assets	413	2,452
TOTAL ASSETS	413	2,452
Current Liabilities
Related-party loan	34,144	15,144
Payroll liabilities	11,400	0
Total Current Liabilities	45,544	15,144
Total Liabilities	$ 45,544	$ 15,144
Stockholders' Deficit
Common Stock, $0.001 par value 75,000,000 authorized, 4,381,550 shares issued and outstanding as of April 30, 2021, and July 31, 2020, respectively	4,381	4,381
Additional Paid in Capital	$ 16,750	$ 16,750
Accumulated deficit	(66,262)	(33,823)
Total Stockholders' Deficit	(45,131)	(12,692)
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	$ 413	$ 2,452

BALANCE SHEETS (Unaudited) (Par

BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
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 and outstanding	4,381,550	4,381,550

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Income Statement [Abstract]
REVENUE	$ 0	$ 0	$ 0	$ 0
EXPENSES
General and Administrative Costs	0	54	134	155
Professional fees	2,227	2,863	20,601	10,188
Salary and wages	11,400		11,400
Rent Expense	102	103	304	259
Total expenses	13,729	3,020	32,439	10,602
Income (Loss) from Operations	(13,729)	(3,020)	(32,439)	(10,602)
Income Tax Expense	0	0	0	0
NET INCOME (LOSS) AFTER TAX	$ (13,729)	$ (3,020)	$ (32,439)	$ (10,602)
Basic and Diluted Net Loss per Common Share	$ 0	$ 0	$ 0	$ 0
Weighted-Average Number of Common Shares Outstanding	4,381,550	3,972,883	4,381,550	3,944,395

STATEMENT OF STOCKHOLDERS' DEFI

STATEMENT OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Balance at Jul. 31, 2020	$ (12,692)	$ 4,381	$ 16,750	$ (33,823)
Balance (in shares) at Jul. 31, 2020		4,381,550
Net loss	(6,107)			(6,107)
Balance at Oct. 31, 2020	(18,799)	$ 4,381	16,750	(39,930)
Balance (in shares) at Oct. 31, 2020		4,381,550
Net loss	(12,603)			(12,603)
Balance at Jan. 31, 2021	(31,402)	$ 4,381	16,750	(52,533)
Balance (in shares) at Jan. 31, 2021		4,381,550
Net loss	(13,729)			(13,729)
Balance at Apr. 30, 2021	$ (45,131)	$ 4,381	$ 16,750	$ (66,262)
Balance (in shares) at Apr. 30, 2021		4,381,550

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ (32,439)	$ (10,602)
Adjustments to reconcile Net Income to net cash provided by operations:
Prepaid Expenses	487	463
Prepaid Rent	66	59
Payroll Liabilities	11,400	0
Accounts Payable	0	700
Net cash used in Operating Activities	(20,486)	(9,380)
CASH FLOWS FROM INVESTING ACTIVITIES	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Related-party loan	19,000	150
Proceeds from the sale of stock	0	8,781
Net cash provided by Financing Activities	19,000	8,931
Net cash increase for period	(1,486)	(449)
Cash at beginning of period	1,610	1,425
Cash at end of period	124	976
Cash paid during the period:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

- ORGANIZATION AND OPERATIONS

- ORGANIZATION AND OPERATIONS	9 Months Ended
	Apr. 30, 2021
- ORGANIZATION AND OPERATIONS [Abstract]
- ORGANIZATION AND OPERATIONS	NOTE 1 - ORGANIZATION AND OPERATIONS Bigeon (“Company”) was incorporated on June 19, 2018 under the laws of Nevada. We are developing a new kind of messenger application. The product of the Company (“the App”) is intended to provide an entirely new way of sharing information. The App enables a user to draw a picture or a writing instead of typing the whole message. Our intended users will be the people whose jobs are connected with drawing and creating graphic animation. Bigeon's product will be an appropriate tool to make short sketches on the go and share them with others.

- SUMMARY OF SIGNIFICANT ACCOUN

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Apr. 30, 2021
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Management of the Company is responsible for the selection and use of appropriate accounting policies and the appropriateness of accounting policies and their application. Critical accounting policies and practices are those that are both most important to the portrayal of the Company's financial condition and results and require management's most difficult, subjective, or complex judgments, often as a result of the need to make estimates about the effects of matters that are inherently uncertain. The Company's significant and critical accounting policies and practices are disclosed below as required by generally accepted accounting principles. Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”) and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for the nine months ended April 30, 2021, are not necessarily indicative of the operating results that may be expected for the year ending July 31, 2021. These unaudited condensed financial statements should be read in conjunction with the July 31, 2020, financial statements and notes thereto. Use of Estimates The preparation of 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 and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. The cash equivalents as of April 30, 2021 and July 31, 2020 were $0. 10 Related Parties The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include (a) affiliates of the Company; (b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825-10-15, to be accounted for by the equity method by the investing entity; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and (g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. Net Income (Loss) per Common Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. There were no potentially dilutive common shares outstanding as of April 30, 2021, and July 31, 2020. Recent Accounting Pronouncements The Company's management has evaluated all the recently issued, but not yet effective, accounting standards that have been issued or proposed by the FASB or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company's financial position and results of operations.

- GOING CONCERN

- GOING CONCERN	9 Months Ended
	Apr. 30, 2021
- GOING CONCERN [Abstract]
- GOING CONCERN	NOTE 3 - GOING CONCERN The financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in the financial statements, the Company had no revenues during the nine months ended April 30, 2021, has a net loss, and is showing an accumulated deficit. These factors raise substantial doubt about the Company's ability to continue as a going concern. 11 The Company is attempting to commence full-scale operations and generate sufficient revenue, however, the Company's cash position may not be sufficient to support the Company's daily operations long-term. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering. The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

- STOCKHOLDERS' EQUITY

- STOCKHOLDERS' EQUITY	9 Months Ended
	Apr. 30, 2021
- STOCKHOLDERS' EQUITY [Abstract]
- STOCKHOLDERS' EQUITY	NOTE 4 - STOCKHOLDERS' EQUITY During the three months ended October 31, 2019 the Company issued 399,050 shares of common stock for cash proceeds of $7,981 at $0.02 per share. During the period from November 1, 2019 through July 31, 2020 the Company issued an additional 410,000 shares of common stock for cash proceeds of $8,200 at $0.02 per share. There were 4,381,550 shares of common stock issued and outstanding as of April 31, 2021 and July 31, 2020.

- RELATED-PARTY TRANSACTIONS

- RELATED-PARTY TRANSACTIONS	9 Months Ended
	Apr. 30, 2021
- RELATED-PARTY TRANSACTIONS [Abstract]
- RELATED-PARTY TRANSACTIONS	NOTE 5 - RELATED-PARTY TRANSACTIONS The President and sole director of the Company, Olegas Tunevicius, is the only related party with whom the Company had transactions with during the nine months ended April 30, 2021. During this period, Mr. Tunevicius contributed $19,000 in cash to assist in paying for operating expenses on behalf of the Company. The amounts due to the related party are unsecured and non-interest bearing with no set terms of repayment and were $34,144 and $15,144 as of April 30, 2021, and July 31, 2020, respectively.

- COMMITMENTS AND CONTINGENCIES

- COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Apr. 30, 2021
- COMMITMENTS AND CONTINGENCIES [Abstract]
- COMMITMENTS AND CONTINGENCIES	NOTE 6 - COMMITMENTS AND CONTINGENCIES The Company has entered into a one-year rental agreement for approximately $18 monthly, starting on June 11, 2019. The Company has extended this rental agreement through June 11, 2021.

- FOREIGN CURRENCY

- FOREIGN CURRENCY	9 Months Ended
	Apr. 30, 2021
- FOREIGN CURRENCY [Abstract]
- FOREIGN CURRENCY	NOTE 7 - FOREIGN CURRENCY As a result of the Company's management operating in Europe, some of the Company's transactions occurred in Euros. However, due to the little variance in the foreign currency translation rate during the period covered by these financial statements, there were no gains or losses recorded to either other comprehensive income or net income. 12

- SUBSEQUENT EVENTS

- SUBSEQUENT EVENTS	9 Months Ended
	Apr. 30, 2021
- SUBSEQUENT EVENTS [Abstract]
- SUBSEQUENT EVENTS	NOTE 8 - SUBSEQUENT EVENTS The Company has evaluated all events that occur after the balance sheet date through the date when the financial statements were available to be issued to determine if they must be reported. Management of the Company determined that there are no material subsequent events to be disclosed. 1 3

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Apr. 30, 2021
Significant Accounting Policies (Policies) [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”) and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for the nine months ended April 30, 2021, are not necessarily indicative of the operating results that may be expected for the year ending July 31, 2021. These unaudited condensed financial statements should be read in conjunction with the July 31, 2020, financial statements and notes thereto.
Use of Estimates	Use of Estimates The preparation of 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 and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash Equivalents	Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. The cash equivalents as of April 30, 2021 and July 31, 2020 were $0. 10
Related Parties	Related Parties The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include (a) affiliates of the Company; (b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825-10-15, to be accounted for by the equity method by the investing entity; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and (g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.
Net Income (Loss) per Common Share	Net Income (Loss) per Common Share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. There were no potentially dilutive common shares outstanding as of April 30, 2021, and July 31, 2020.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company's management has evaluated all the recently issued, but not yet effective, accounting standards that have been issued or proposed by the FASB or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company's financial position and results of operations.

- SUMMARY OF SIGNIFICANT ACCO_2

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Text) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Summary Of Significant Accounting Policies Details [Abstract]
The cash equivalents as of April 30, 2021 and July 31, 2020 were $0.	$ 0	$ 0

- STOCKHOLDERS' EQUITY (Details

- STOCKHOLDERS' EQUITY (Details Text) - $ / shares	Apr. 30, 2021	Jul. 31, 2020	Oct. 31, 2019
Equity, Fair Value Disclosure [Abstract]
During the three months ended October 31, 2019 the Company issued 399,050 shares of common stock for cash proceeds of $7,981 at $0.02 per share.During the period from November 1, 2019 through July 31, 2020 the Company issued an additional 410,000 shares of common stock for cash proceeds of $8,200 at $0.02 per share.		$ 8,200	$ 7,981
There were 4,381,550 shares of common stock issued and outstanding as of April 31, 2021 and July 31, 2020.	4,381,550	4,381,550

- RELATED-PARTY TRANSACTIONS (D

- RELATED-PARTY TRANSACTIONS (Details Text) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Related Party Transaction, Due from (to) Related Party [Abstract]
Tunevicius contributed $19,000 in cash to assist in paying for operating expenses on behalf of the Company	$ 19,000
The amounts due to the related party are unsecured and non-interest bearing with no set terms of repayment and were $34,144 and $15,144 as of April 30, 2021, and July 31, 2020, respectively.	$ 34,144	$ 15,144

- COMMITMENTS AND CONTINGENCI_2

- COMMITMENTS AND CONTINGENCIES (Details Text)	Jun. 11, 2019USD ($)
Regulatory Assets and Liabilities Disclosure [Abstract]
The Company has entered into a one-year rental agreement for approximately $18 monthly, starting on June 11, 2019	$ 18