Cover
Cover - shares | 3 Months Ended | |
Oct. 31, 2021 | Dec. 06, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
DocumentTransitionReport | false | |
Document Period End Date | Oct. 31, 2021 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --07-31 | |
File Number | 333-228803 | |
Entity Registrant Name | BIGEON CORP. | |
Entity Central Index Key | 0001753391 | |
TaxIdentificationNumber | 38-4086827 | |
IncorporationStateCountryCode | 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 | |
CurrentReportingStatus | Yes | |
InteractiveDataCurrent | No | |
Filer Category | Non-accelerated Filer | |
Small Business | true | |
EmergingGrowthCompany | true | |
extended transition period | false | |
Shell Company | true | |
EntityCommonStockSharesOutstanding | 4,381,550 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Oct. 31, 2021 | Jul. 31, 2021 |
Current Assets | ||
Cash | $ 350 | $ 124 |
Prepaid Rent | 138 | 104 |
Prepaid Expenses | 458 | 621 |
Total Current Assets | 946 | 849 |
TOTAL ASSETS | 946 | 849 |
Current Liabilities | ||
Payroll Liabilities | 34,200 | 22,800 |
Related-party Loan | 45,631 | 36,794 |
Total Current Liabilities | 79,831 | 59,594 |
Total Liabilities | 79,831 | 59,594 |
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 October 31, 2021 and July 31, 2021, respectively | 4,381 | 4,381 |
Additional Paid in Capital | 16,750 | 16,750 |
Accumulated deficit | (100,016) | (79,876) |
Total Stockholders’ Deficit | (78,885) | (58,745) |
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT | $ 946 | $ 849 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | |
Oct. 31, 2021 | Oct. 31, 2020 | |
Income Statement [Abstract] | ||
REVENUE | ||
EXPENSES | ||
General and Administrative Costs | 11,423 | |
Professional fees | 8,614 | 6,006 |
Rent Expense | 103 | 101 |
Total expenses | 20,140 | 6,107 |
Income (Loss) from Operations | (20,140) | (6,107) |
Income Tax Expense | ||
NET INCOME (LOSS) AFTER TAX | $ (20,140) | $ (6,107) |
Basic and Diluted Net Loss per Common Share | $ 0 | $ 0 |
Weighted-Average Number of Common Shares Outstanding – Basic and Diluted | 4,381,550 | 4,381,550 |
Statements of Stockholders' Equ
Statements of Stockholders' Equity - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Jul. 31, 2020 | $ 4,381 | $ 16,750 | $ (33,823) | $ (12,692) |
Net loss | (6,107) | (6,107) | ||
Ending balance, value at Oct. 31, 2020 | 4,381 | 16,750 | (39,930) | (18,799) |
Beginning balance, value at Jul. 31, 2021 | 4,381 | 16,750 | (79,876) | (58,745) |
Net loss | (20,140) | (20,140) | ||
Ending balance, value at Oct. 31, 2021 | $ 4,381 | $ 16,750 | $ (100,016) | $ (78,885) |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | |
Oct. 31, 2021 | Oct. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net Loss | $ (20,140) | $ (6,107) |
Adjustments to reconcile Net Income to net cash provided by operations: | ||
Prepaid Expenses | 163 | 163 |
Prepaid Rent | (34) | 1 |
Payroll Liabilities | 11,400 | |
Net cash used in Operating Activities | (8,611) | (5,943) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Related-party loan | 8,837 | 5,000 |
Net cash provided by Financing Activities | 8,837 | 5,000 |
Net cash increase for period | 226 | (943) |
Cash at beginning of period | 124 | 1,610 |
Cash at end of period | 350 | 667 |
Cash paid during the period: | ||
Interest paid | ||
Income taxes paid | ||
Non-cash transaction Common stock issued to reduce related party loan |
RGANIZATION AND OPERATIONS
RGANIZATION AND OPERATIONS | 3 Months Ended |
Oct. 31, 2021 | |
Accounting Policies [Abstract] | |
RGANIZATION AND OPERATIONS | NOTE 1 - O RGANIZATION 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 | 3 Months Ended |
Oct. 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 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 three months ended October 31, 2021, are not necessarily indicative of the operating results that may be expected for the year ending July 31, 2022. These unaudited condensed financial statements should be read in conjunction with the July 31, 2021, 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 October 31, 2021 and July 31, 2021 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 October 31, 2021, and July 31, 2021. 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 | 3 Months Ended |
Oct. 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. As reflected in the financial statements, the Company had no revenues during the three months ended October 31, 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 | 3 Months Ended |
Oct. 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 October 31, 2021 and July 31, 2021. |
RELATED-PARTY TRANSACTIONS
RELATED-PARTY TRANSACTIONS | 3 Months Ended |
Oct. 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 three months ended October 31, 2021. During this period, Mr. Tunevicius contributed $ 8,837 |
FOREIGN CURRENCY
FOREIGN CURRENCY | 3 Months Ended |
Oct. 31, 2021 | |
Foreign Currency [Abstract] | |
FOREIGN CURRENCY | NOTE 6 – 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 | 3 Months Ended |
Oct. 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 7 – SUBSEQUENT EVENTS |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Oct. 31, 2021 | |
Accounting 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 three months ended October 31, 2021, are not necessarily indicative of the operating results that may be expected for the year ending July 31, 2022. These unaudited condensed financial statements should be read in conjunction with the July 31, 2021, 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 October 31, 2021 and July 31, 2021 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 October 31, 2021, and July 31, 2021. |
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. |
RELATED-PARTY TRANSACTIONS (Det
RELATED-PARTY TRANSACTIONS (Details Narrative) | Oct. 31, 2021USD ($) |
Related Party Transactions [Abstract] | |
During this period, Mr. Tunevicius contributed $8,837 in cash to assist in paying for operating expenses on behalf of the Company. | $ 8,837 |