Arion (ARGC) 10-Q20 Sep 232023 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jul. 31, 2023	Sep. 20, 2023
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	Jul. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	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 ($)	Jul. 31, 2023	Jan. 31, 2023
Current Assets
Cash and cash equivalents		$ 21,547
Accounts receivable	55,000
Advance to supplier		9,077
Inventory	37,557
Prepaid expense	6,000
Security deposit	3,000	3,000
Total Current Assets	101,557	33,624
Property and equipment, net	278	278
Total Assets	101,835	33,902
Current Liabilities
Bank overdraft	1,026
Accounts payable	21,179
Loan from stockholder	346,784	259,784
Total Current Liabilities	368,989	259,784
Total Liabilities	368,989	259,784
Stockholders’ Deficit
Common stock, $0.001 par value, 75,000,000 shares authorized; 7,630,000 shares issued and outstanding as of July 31 and January 31, 2023	7,630	7,630
Additional paid-in capital	91,102	91,102
Accumulated deficit	(365,886)	(324,614)
Total Stockholders’ Deficit	(267,154)	(225,882)
Total Liabilities and Stockholders’ Deficit	$ 101,835	$ 33,902

Balance Sheets (Parentheticals)

Balance Sheets (Parentheticals) - $ / shares	Jul. 31, 2023	Jan. 31, 2023
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 ($)	3 Months Ended		6 Months Ended
Statements of Operations (Unaudited) - USD ($)	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Income Statement [Abstract]
Revenue	$ 83,000		$ 83,000
Cost of Goods Sold	43,521		43,521
Gross Profit	39,479		39,479
Operating Expenses
General and administrative expenses	45,314	26,454	79,951	47,669
Total Operating Expenses	45,314	26,454	79,951	47,669
Loss from Operations	(5,835)	(26,454)	(40,472)	(47,669)
Loss Before Income Taxes	(5,835)	(26,454)	(40,472)	(47,669)
Provision for Income Taxes
Income tax expense	800	800	800	800
Net Loss	$ (6,635)	$ (27,254)	$ (41,272)	$ (48,469)
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		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
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 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
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				(48,469)
Balance at Jul. 31, 2022	$ 7,630	91,102	(291,160)	(192,428)
Balance (in Shares) at Jul. 31, 2022	7,630,000
Balance at Apr. 30, 2022	$ 7,630	91,102	(263,906)	(165,174)
Balance (in Shares) at Apr. 30, 2022	7,630,000
Net loss for the period			(27,254)	(27,254)
Balance at Jul. 31, 2022	$ 7,630	91,102	(291,160)	(192,428)
Balance (in Shares) at Jul. 31, 2022	7,630,000
Balance at Jan. 31, 2023	$ 7,630	91,102	(324,614)	$ (225,882)
Balance (in Shares) at Jan. 31, 2023	7,630,000			7,630,000
Net loss for the period			(34,637)	$ (34,637)
Balance at Apr. 30, 2023	$ 7,630	91,102	(359,251)	(260,519)
Balance (in Shares) at Apr. 30, 2023	7,630,000
Balance at Jan. 31, 2023	$ 7,630	91,102	(324,614)	$ (225,882)
Balance (in Shares) at Jan. 31, 2023	7,630,000			7,630,000
Net loss for the period				$ (41,272)
Balance at Jul. 31, 2023	$ 7,630	91,102	(365,886)	$ (267,154)
Balance (in Shares) at Jul. 31, 2023	7,630,000			7,630,000
Balance at Apr. 30, 2023	$ 7,630	91,102	(359,251)	$ (260,519)
Balance (in Shares) at Apr. 30, 2023	7,630,000
Net loss for the period			(6,635)	(6,635)
Balance at Jul. 31, 2023	$ 7,630	$ 91,102	$ (365,886)	$ (267,154)
Balance (in Shares) at Jul. 31, 2023	7,630,000			7,630,000

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Jul. 31, 2023	Jul. 31, 2022
Operating Activities
Net loss	$ (41,272)	$ (48,469)
Changes in operating assets and liabilities
Accounts receivable	(55,000)
Accounts payable	21,179	4,500
Accrued expense		(4,500)
Advance to supplier	9,077
Inventory	(37,557)
Prepaid expense	(6,000)
Net cash used in operating activities	(109,573)	(48,469)
Financing Activities
Bank overdraft	1,026
Proceeds of loan from stockholder	87,000	49,500
Net cash provided by financing activities	88,026	49,500
Net increase (decrease) in cash and cash equivalents	(21,547)	1,031
Cash and equivalents at beginning of the period	21,547	3,863
Cash and equivalents at end of the period		4,894
Cash paid for:
Interest
Taxes	$ 800	$ 800

Organization and Business

Organization and Business	6 Months Ended
Organization and Business	Jul. 31, 2023
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 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. On November 1, 2022 and November 4, 2022, the Company entered into an agreement with EZ Field Inc and Alta Health Supplies Inc respectively. The agreements set forth the exclusive terms and conditions for the Company to acquire and sell health supplements from and to these parties. On November 18, 2022, we entered into an agreement with Bio Essence Health Science to develop cosmetic products and health supplements. We also established distribution channels through Tak Ye International Inc and Xin Shi Dai Express. We have generated $103,818 of sales from distribution services since the inception of this business plan.

Going Concern

Going Concern	6 Months Ended
Going Concern	Jul. 31, 2023
Going Concern [Abstract]
GOING CONCERN	NOTE 2 – GOING CONCERN The Company’s financial statements as of and for the three months ended July 31, 2023 have been prepared using generally accepted accounting principles in the United States of America (“U.S. GAAP”) 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 July 31, 2023. 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
Summary of Significant Accounting Policies	Jul. 31, 2023
Summary of Significant 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, 2023, the statements of operations, changes in stockholders’ deficit and cash flows for the three and six months ended July 31, 2023 and 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 and six months ended July 31, 2023 are not necessarily indicative of results expected for the full year ending January 31, 2024. 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, 2023 and for the six months then ended have been made. It is suggested that these statements be read in conjunction with the January 31, 2023 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	6 Months Ended
Related Party Transactions	Jul. 31, 2023
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 six-month period ended July 31, 2023, the Company’s controlling stockholder Mr. Jay Hamilton loaned the Company $87,000 to cover the Company’s operating expenses. The loan is unsecured, non-interest bearing and due on demand. During the six-month period ended July 31, 2022, the Company’s controlling stockholder Mr. Jay Hamilton loaned the Company $49,500 to cover the Company’s operating expenses. As of July 31, 2023 and January 31, 2023, the unpaid balances of the loan to stockholder were $346,784 and $259,784, respectively. The Company has ceased operations and use of the prior office at 16839 Gale Ave., #210, City of Industry, CA 91745 which was solely owned by Mr. Mingyong Huang. The lease ended on November 30, 2022.

Inventory

Inventory	6 Months Ended
Inventory	Jul. 31, 2023
Inventory [Abstract]
INVENTORY	NOTE 5 – INVENTORY Inventory includes all necessary expenditures and charges directly or indirectly incurred in bringing an article to its existing condition and location, and is stated at the lower of cost or net realizable value and consists of finished goods for resale. Management periodically reviews the inventory for potential obsolescence, slow-moving, or damaged items. The assessment considers various factors, including historical sales trends, market conditions, and the technological advancements. The measurement of inventory reserves, if necessary, is based on a conservative estimate of the reduction in the inventory’s value and the reserves amount is made with management’s judgment. As of July 31, 2023 and January 31, 2023, inventory reserves were $0 and $0, respectively.

Subsequent Event

Subsequent Event	6 Months Ended
Subsequent Event	Jul. 31, 2023
Subsequent Event [Abstract]
SUBSEQUENT EVENT	NOTE 6 – SUBSEQUENT EVENT On August 14, 2023, Mr. Jay Hamilton loaned the Company $8,000 to cover the Company’s operating expenses. The loan is unsecured, non-interest bearing and due on demand. As of August 31, 2023, the Company had a bank overdraft balance in the amount of $14,502.36 and a bank account cash balance of $5,497.64. The Company’s management is in the process of seeking additional financial support from its major shareholder.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
Accounting Policies, by Policy (Policies)	Jul. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The balance sheet as of July 31, 2023, the statements of operations, changes in stockholders’ deficit and cash flows for the three and six months ended July 31, 2023 and 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 and six months ended July 31, 2023 are not necessarily indicative of results expected for the full year ending January 31, 2024. 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, 2023 and for the six months then ended have been made. It is suggested that these statements be read in conjunction with the January 31, 2023 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 ($)		1 Months Ended	6 Months Ended
Organization and Business (Details) - USD ($)	Jun. 03, 2020	Nov. 21, 2018	Jul. 31, 2023
Organization and Business (Details) [Line Items]
Sales from distribution services			$ 103,818
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		$ 2,663

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	6 Months Ended
Related Party Transactions (Details) - USD ($)	Jul. 31, 2023	Jul. 30, 2022	Jan. 31, 2023
Related Party Transactions [Abstract]
Loaned amount	$ 87,000	$ 49,500
Loan to stockholder	$ 346,784		$ 259,784

Inventory (Details)

Inventory (Details) - USD ($)	Jul. 31, 2023	Jan. 31, 2023
Inventory [Abstract]
Inventory reserves	$ 0	$ 0

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	Aug. 14, 2023	Jul. 31, 2023
Subsequent Event (Details) [Line Items]
Bank overdraft balance		$ 14,502.36
Bank account cash balance		$ 5,497.64
Mr. Jay Hamilton [Member] \| Subsequent Event [Member]
Subsequent Event (Details) [Line Items]
operating expenses	$ 8,000