Arion (ARGC) 10-Q15 Dec 222023 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Oct. 31, 2022	Dec. 15, 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	Oct. 31, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
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	11268 Rush St.
Entity Address, City or Town	South El Monte
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91733
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 ($)	Oct. 31, 2022	Jan. 31, 2022
Current Assets
Cash and cash equivalents	$ 2,002	$ 3,863
Total Current Assets	2,002	3,863
Property and equipment, net	278	278
Total Assets	2,280	4,141
Current Liabilities
Accounts payable	99	2,599
Accrued expense	2,500	4,500
Loan from stockholder	209,501	141,001
Total Current Liabilities	212,100	148,100
Total Liabilities	212,100	148,100
Stockholders’ Deficit
Common stock, $0.001 par value, 75,000,000 shares authorized; 7,630,000 shares issued and outstanding as of October 31 and January 31, 2022	7,630	7,630
Additional paid-in-capital	91,102	91,102
Accumulated deficit	(308,552)	(242,691)
Total Stockholders’ Deficit	(209,820)	(143,959)
Total Liabilities and Stockholders’ Deficit	$ 2,280	$ 4,141

Balance Sheets (Parentheticals)

Balance Sheets (Parentheticals) - $ / shares	Oct. 31, 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 ($)	3 Months Ended		9 Months Ended
Statements of Operations (Unaudited) - USD ($)	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Income Statement [Abstract]
Revenue
Operating Expenses
General and administrative expenses	17,392	19,749	65,061	57,112
Total Operating Expenses	17,392	19,749	65,061	57,112
Loss from Operations	(17,392)	(19,749)	(65,061)	(57,112)
Loss Before Income Taxes	(17,392)	(19,749)	(65,061)	(57,112)
Provision for Income Taxes
Income tax expense			800	800
Net Loss	$ (17,392)	$ (19,749)	$ (65,861)	$ (57,912)
Weighted average number of common shares outstanding:
Basic (in Shares)	7,630,000	7,630,000	7,630,000	7,630,000
Loss per Common Share:
Basic (in Dollars per share)	$ 0	$ 0	$ (0.01)	$ (0.01)

Statements of Operations (Una_2

Statements of Operations (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Income Statement [Abstract]
Diluted	7,630,000	7,630,000	7,630,000	7,630,000
Diluted	$ 0	$ 0	$ (0.01)	$ (0.01)

Statements of Changes in Stockh

Statements of Changes in Stockholders’ Deficit - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance of beginning at Jan. 31, 2021	$ 7,630	$ 91,102	$ (170,061)	$ (71,329)
Balance of beginning (in Shares) at Jan. 31, 2021	7,630,000
Net loss for the period			(13,165)	(13,165)
Balance of ending at Apr. 30, 2021	$ 7,630	91,102	(183,226)	(84,494)
Balance of ending (in Shares) at Apr. 30, 2021	7,630,000
Balance of beginning at Jan. 31, 2021	$ 7,630	91,102	(170,061)	(71,329)
Balance of beginning (in Shares) at Jan. 31, 2021	7,630,000
Net loss for the period				(57,912)
Balance of ending at Oct. 31, 2021	$ 7,630	91,102	(227,973)	(129,241)
Balance of ending (in Shares) at Oct. 31, 2021	7,630,000
Balance of beginning at Apr. 30, 2021	$ 7,630	91,102	(183,226)	(84,494)
Balance of beginning (in Shares) at Apr. 30, 2021	7,630,000
Net loss for the period			(24,998)	(24,998)
Balance of ending at Jul. 31, 2021	$ 7,630	91,102	(208,224)	(109,492)
Balance of ending (in Shares) at Jul. 31, 2021	7,630,000
Net loss for the period			(19,749)	(19,749)
Balance of ending at Oct. 31, 2021	$ 7,630	91,102	(227,973)	(129,241)
Balance of ending (in Shares) at Oct. 31, 2021	7,630,000
Balance of beginning at Jan. 31, 2022	$ 7,630	91,102	(242,691)	(143,959)
Balance of beginning (in Shares) at Jan. 31, 2022	7,630,000
Net loss for the period			(21,215)	(21,215)
Balance of ending at Apr. 30, 2022	$ 7,630	91,102	(263,906)	(165,174)
Balance of ending (in Shares) at Apr. 30, 2022	7,630,000
Balance of beginning at Jan. 31, 2022	$ 7,630	91,102	(242,691)	(143,959)
Balance of beginning (in Shares) at Jan. 31, 2022	7,630,000
Net loss for the period				(65,861)
Balance of ending at Oct. 31, 2022	$ 7,630	91,102	(308,552)	(209,820)
Balance of ending (in Shares) at Oct. 31, 2022	7,630,000
Balance of beginning at Apr. 30, 2022	$ 7,630	91,102	(263,906)	(165,174)
Balance of beginning (in Shares) at Apr. 30, 2022	7,630,000
Net loss for the period			(27,254)	(27,254)
Balance of ending at Jul. 31, 2022	$ 7,630	91,102	(291,160)	(192,428)
Balance of ending (in Shares) at Jul. 31, 2022	7,630,000
Net loss for the period			(17,392)	(17,392)
Balance of ending at Oct. 31, 2022	$ 7,630	$ 91,102	$ (308,552)	$ (209,820)
Balance of ending (in Shares) at Oct. 31, 2022	7,630,000

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
Operating Activities
Net loss	$ (65,861)	$ (57,912)
Changes in operating assets and liabilities
Accounts payable	(2,500)	(4,401)
Accrued expense	(2,000)	(4,500)
Net cash used in operating activities	(70,361)	(66,813)
Financing Activities
Proceeds of loan from stockholder	68,500	50,000
Net cash provided by financing activities	68,500	50,000
Net decrease in cash and cash equivalents	(1,861)	(16,813)
Cash and cash equivalents at beginning of the period	3,863	19,894
Cash and cash equivalents at end of the period	2,002	3,081
Cash paid for:
Interest
Taxes	$ 800	$ 800

Organization and Business

Organization and Business	9 Months Ended
Organization and Business	Oct. 31, 2022
Organization and Business (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 stockholder 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 stockholder 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	9 Months Ended
Going Concern	Oct. 31, 2022
Going Concern (Abstract)
GOING CONCERN	NOTE 2 – GOING CONCERN The Company’s financial statements as of and for the nine months ended October 31, 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 October 31, 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 stockholders 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	9 Months Ended
Summary of Significant Accounting Policies	Oct. 31, 2022
Organization and Business [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The balance sheet as of October 31, 2022, the statements of operations, changes in stockholders’ deficit and cash flows for the three and nine months ended October 31, 2022 and 2021 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 and nine months ended October 31, 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 October 31, 2022 and for the nine 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 a have a material impact on our financial position, operations or cash flows.

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Oct. 31, 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 stockholders. 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 nine-month period ended October 31, 2022, the Company’s major stockholder Mr. Jay Hamilton loaned the Company $68,500 to cover the Company’s operating expenses. The loans are unsecured, non-interest bearing and due on demand. During the nine-month period ended October 31, 2021, the Company’s major stockholder Mr. Jay Hamilton loaned the Company $50,000 to cover the Company’s operating expenses. The loans are unsecured, non-interest bearing and due on 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. Given that the Company had only minimal operations as of October 31, 2022, Mr. Huang does not charge the Company any fee for using the office. This location ceased to be the Company’s warehouse-office on November 30, 2022 as the Company entered into a new lease agreement starting December 1, 2022.

Subsequent Event

Subsequent Event	9 Months Ended
Subsequent Event	Oct. 31, 2022
Subsequent Event [Abstract]
SUBSEQUENT EVENT	NOTE 5 – SUBSEQUENT EVENT On November 2, 2022, Mr. Jay Hamilton loaned the Company $3,000 to cover the Company’s operating expenses. The loans are unsecured, non-interest bearing and due on demand. The Company began doing business with Bio Essence Health Science and EZ Field Inc. The Company aims to expand the business by developing a factory manufacturing cosmetic product and health supplements. The Company’s goal is to expand the business by having distributors sell and deliver the products worldwide. On November 18, 2022, the Company sold 1,000 bottles of health supplements through one of its distributors, Alta Health Supplies Inc, and generated revenue totaling $15,000. The Company entered into a lease agreement on December 1, 2022 with Iphoenix Tech Corp who is the Landlord for a new warehouse-office. The location of the new warehouse-office is at 11268 Rush St., South El Monte, CA 91733. The duration of the lease is 1 year and is bound to expire on December 1, 2023. The Company is subject to $3,000 rent per month for the term of the agreement.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
Accounting Policies, by Policy (Policies)	Oct. 31, 2022
Organization and Business [Abstract]
Basis of Presentation	Basis of Presentation The balance sheet as of October 31, 2022, the statements of operations, changes in stockholders’ deficit and cash flows for the three and nine months ended October 31, 2022 and 2021 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 and nine months ended October 31, 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 October 31, 2022 and for the nine 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 a have a material impact on our financial position, operations or cash flows.

Organization and Business (Deta

Organization and Business (Details) - USD ($)		1 Months Ended
Organization and Business (Details) - USD ($)	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 ($)	9 Months Ended
Related Party Transactions (Details) - USD ($)	Oct. 31, 2022	Oct. 31, 2021
Mr. Jay Hamilton [Member]
Related Party Transactions (Details) [Line Items]
Loaned amount	$ 68,500	$ 50,000

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)		1 Months Ended	9 Months Ended
Subsequent Event (Details) - USD ($)	Nov. 02, 2022	Nov. 18, 2022	Oct. 31, 2022
Subsequent Event (Details) [Line Items]
Rent amount			$ 3,000
Subsequent Event [Member]
Subsequent Event (Details) [Line Items]
Sold amount		$ 1,000
Revenue		$ 15,000
Mr. Jay Hamilton [Member] \| Subsequent Event [Member]
Subsequent Event (Details) [Line Items]
Operating expenses	$ 3,000