Tancheng (QSJC) 10-K 8 Oct 21 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jul. 31, 2021	Oct. 08, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jul. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--07-31
File Number	333-228803
Registrant Name	BIGEON CORP.
Entity Central Index Key	0001753391
Tax Identification Number	38-4086827
Incorporation State Country Code	NV
Address Line 1	Manesova 345/13 Ceske Budejovice 6
Address City	Ceske Budejovice
Address Country	CZ
Postal Zip Code	37001
City Area Code	(321)
Local Phone Number	236-6052
WellKnown Seasoned Issuer	No
Voluntary Filers	No
Current Reporting Status	Yes
Interactive Data Current	No
Filer Category	Non-accelerated Filer
Small Business	true
Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Shell Company	true
Public Float	$ 0
Common Stock Shares Outstanding		4,381,550

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jul. 31, 2021	Jul. 31, 2020
Current Assets
Cash	$ 124	$ 1,610
Prepaid Rent	104	221
Prepaid Expenses	621	621
Total Current Assets	849	2,452
TOTAL ASSETS	849	2,452
Current Liabilities
Payroll Liabilities	22,800
Related-party Loan	36,794	15,144
Total Current Liabilities	59,594	15,144
Total Liabilities	59,594	15,144
Stockholders’ Deficit
Common Stock, $0.001 par value 75,000,000 authorized, 4,381,550 and 4,381,550 shares issued and outstanding as of July 31, 2021 and 2020, respectively	4,381	4,381
Additional Paid in Capital	16,750	16,750
Accumulated deficit	(79,876)	(33,823)
Total Stockholders’ Deficit	(58,745)	(12,692)
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT	$ 849	$ 2,452

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2021	Jul. 31, 2020
Statement of Financial Position [Abstract]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	75,000,000	75,000,000
CommonStockSharesIssued	4,381,550	4,381,550
CommonStockSharesOutstanding	4,381,550	4,381,550

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Income Statement [Abstract]
REVENUE
EXPENSES
General and Administrative Costs	22,934	366
Professional fees	22,764	13,350
Rent Expense	355	361
Total expenses	46,053	14,077
Income (Loss) from Operations	(46,053)	(14,077)
Income Tax Expense
NET INCOME (LOSS) AFTER TAX	$ (46,053)	$ (14,077)
Basic and Diluted Net Loss per Common Share	$ 0.01	$ 0
Weighted-Average Number of Common Shares Outstanding – Basic and Diluted	4,381,550	4,010,901

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance, shares				3,572,500
Beginning balance, value at Jul. 31, 2019	$ 3,572	$ 1,378	$ (19,746)	$ (14,796)
Common stock issued for cash	809	15,372		16,181
Common stock issued for cash				$ 809,050
Net loss			$ (14,077)	(14,077)
Ending balance, value at Jul. 31, 2020	4,381	16,750	(33,823)	$ (12,692)
Balance, shares				4,381,550
Net loss			(46,053)	$ (46,053)
Ending balance, value at Jul. 31, 2021	$ 4,381	$ 16,750	$ (79,876)	$ (58,745)
Balance, shares				4,381,550
Balance, shares				4,381,550

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ (46,053)	$ (14,077)
Adjustments to reconcile Net Income to net cash provided by operations:
Prepaid Expenses		(25)
Prepaid Rent	117	(44)
Payroll Liabilities	22,800
Accounts Payable		(2,000)
Net cash used in Operating Activities	(23,136)	(16,146)
CASH FLOWS FROM INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
Related-party loan	21,650	150
Proceeds from the sale of stock		16,181
Net cash provided by Financing Activities	21,650	16,331
Net cash increase for period	(1,486)	185
Cash at beginning of period	1,610	1,425
Cash at end of period	124	1,610
Cash paid during the period:
Interest paid
Income taxes paid
Non-cash transaction
Common stock issued to reduce related party loan

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS	12 Months Ended
	Jul. 31, 2021
Accounting Policies [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 ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jul. 31, 2021
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 financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s year-end is July 31. 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 July 31, 2021 and 2020 were $0. 15 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 July 31, 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	12 Months Ended
	Jul. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [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. 16 As reflected in the financial statements, the Company had no revenues during the years ended July 31, 2021, and 2020, has reoccurring net losses, and is showing total liabilities in excess of total assets. These factors raise substantial doubt about the Company’s ability to continue as a going concern. 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 finance operating costs with loans from director. 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	12 Months Ended
	Jul. 31, 2021
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 4 – STOCKHOLDERS’ EQUITY Upon formation, the total number of shares of all classes of stock which the Company is authorized to issue is seventy-five million (75,000,000) shares of Common Stock, par value $0.001 per share. During the year ended July 31, 2020, the Company issued 809,050 shares of common stock for cash proceeds of $16,181 at $0.02 per share. There were 4,381,550 shares of common stock issued and outstanding as of July 31, 2021, and as of July 31, 2020.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	12 Months Ended
	Jul. 31, 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 year ended July 31, 2021. During the year ended July 31, 2021, Mr. Tunevicius contributed $21,650 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 $36,794 and $15,144 as of July 31, 2021 and July 31, 2020, respectively. 17

INCOME TAX PROVISION

INCOME TAX PROVISION	12 Months Ended
	Jul. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAX PROVISION	NOTE 6 – INCOME TAX PROVISION Deferred Tax Assets As of July 31, 2021, the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of $79,876 that may be offset against future taxable income through 2040. No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying consolidated financial statements as the management of the Company believes that the realization of the Company’s net deferred tax assets of approximately $16,774 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by the full valuation allowance. Deferred tax assets consist primarily of the tax effect of NOL carry-forwards which was used to offset tax payable from prior year’s operations. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization. The current valuation of tax allowance is not applicable as of July 31, 2021. Components of d eferred tax assets For the Reporting Period Ended July 31, 2021 For the Reporting Period Ended July 31, 2020 Net Deferred Tax Asset Non-Current: Net Operating Loss Carry-Forward $ 79,876 $ 33,823 Effective tax rate 21 % 21 % Expected Income Tax Benefit from NOL Carry-Forward 16,774 7,103 Less: Valuation Allowance (16,774) (7,103 ) Deferred Tax Asset, Net of Valuation Allowance $ - $ - The actual tax benefit For the Reporting Period Ended July 31, 2021 For the Reporting Period Ended July 31, 2020 Computed “expected” tax expense (benefit) $ (9,671) $ (3,260) Change in valuation allowance $ 9,671 $ 3,260 Actual tax expense (benefit) $ - $ - 18

FOREIGN CURRENCY

FOREIGN CURRENCY	12 Months Ended
	Jul. 31, 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 in the period under audit, there were no gains or losses recorded to either other comprehensive income or net income.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jul. 31, 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.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jul. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s year-end is July 31.
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 July 31, 2021 and 2020 were $0. 15
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 July 31, 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.

INCOME TAX PROVISION (Tables)

INCOME TAX PROVISION (Tables)	12 Months Ended
	Jul. 31, 2021
Income Tax Disclosure [Abstract]
actual tax benefit	Components of d eferred tax assets For the Reporting Period Ended July 31, 2021 For the Reporting Period Ended July 31, 2020 Net Deferred Tax Asset Non-Current: Net Operating Loss Carry-Forward $ 79,876 $ 33,823 Effective tax rate 21 % 21 % Expected Income Tax Benefit from NOL Carry-Forward 16,774 7,103 Less: Valuation Allowance (16,774) (7,103 ) Deferred Tax Asset, Net of Valuation Allowance $ - $ - The actual tax benefit For the Reporting Period Ended July 31, 2021 For the Reporting Period Ended July 31, 2020 Computed “expected” tax expense (benefit) $ (9,671) $ (3,260) Change in valuation allowance $ 9,671 $ 3,260 Actual tax expense (benefit) $ - $ -
actual tax benefit	The actual tax benefit For the Reporting Period Ended July 31, 2021 For the Reporting Period Ended July 31, 2020 Computed “expected” tax expense (benefit) $ (9,671) $ (3,260) Change in valuation allowance $ 9,671 $ 3,260 Actual tax expense (benefit) $ - $ -

actual tax benefit (Details)

actual tax benefit (Details) - USD ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Net Deferred Tax Asset Non-Current:
Net Operating Loss Carry-Forward	$ 79,876	$ 33,823
Expected Income Tax Benefit from NOL Carry-Forward	16,774	7,103
Less: Valuation Allowance	(16,774)	(7,103)
Deferred Tax Asset, Net of Valuation Allowance
Computed “expected” tax expense (benefit)	(9,671)	(3,260)
Change in valuation allowance	9,671	3,260
Actual tax expense (benefit)