10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q

[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended October 31, 2018

[   ] Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from __________ to __________

Commission file number 333-219700

	Beliss Corp. (Exact name of registrant as specified in its charter)
Nevada (State or Other Jurisdiction of Incorporation or Organization)	7310 (Primary Standard Industrial Classification Code Number)	37-1844836 (IRS Employer Identification No.)

Ajay Rajendran


Chief Executive Officer


10a ptc colony, 5 street,

Sembakkam, city Chennai,

state Tamilnadu, India 600073

16208783025

(Address and telephone number of registrant’s principal offices)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes (X)       No ( )

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ( ) Emerging growth company ( ) Large accelerated filer ( )   Non-accelerated filer ( ) Smaller reporting company (X)    

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ( )       No (X)

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:   The Company has 5,035,000 common shares issued and outstanding as of October 31, 2018.

Beliss Corp.

QUARTERLY REPORT ON FORM 10-Q

Table of Contents

		Page
PART I	FINANCIAL INFORMATION:
Item 1.	Financial Statements (Unaudited)	3
	Balance Sheets as of  October 31, 2018 (Unaudited) and April 30, 2018 Interim Unaudited Statements of Operations for the three and six months ended  October 31, 2018 and 2017	4 5
	Interim Unaudited Statements of Cash Flows for the six months ended October 31, 2018 and 2017	6
	Notes to the Interim Unaudited Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	12
Item 4.	Controls and Procedures	12
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	12
Item 1A	Risk Factors	12
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	13
Item 3.	Defaults Upon Senior Securities	13
Item 4.	Submission of Matters to a Vote of Securities Holders	13
Item 5.	Other Information	13
Item 6.	Exhibits	13
	Signatures
2

PART 1 – FINANCIAL INFORMATION

.Item 1.   Financial Statements 

The accompanying interim financial statements of Beliss Corp. (“the Company”, “we”, “us” or “our”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations.

The interim financial statements are condensed and should be read in conjunction with the company’s latest annual financial statements. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, since they are interim statements, the accompanying financial statements do not include all the information and notes required by GAAP for complete financial statement presentation.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

3

Beliss Corp.

CONDENSED BALANCE SHEETS

As of October 31, 2018 and April 30, 2017

ASSETS		October 31, 2018 (Unaudited)	April 30, 2018
Current Assets
Cash	$	824	7,257
Prepaid expenses		-	950
Total Current Assets	$	824	8,207
Fixed Assets
Equipment and furniture, net	$	18,909	21,286
Total Fixed Assets	$	18,909	21,286
Total Assets	$	19,733	29,493
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Current Liabilities
Accounts Payable		2,690	8,500
Customer Deposits		-	7,000
Related Party Loans		14,063	10,563
Total Current Liabilities	$	16,753	26,063
Total Liabilities	$	16,753	26,063
Stockholder’s Equity
Common stock, par value $0.001; 75,000,000 shares authorized,5,035,000 and 5,035,000 shares issued and outstanding		5,035	5,035
Additional paid in capital		38,665	38,665
Accumulated deficit		(40,720)	(40,270)
Total Stockholder’s Equity	$	2,980	3,430
Total Liabilities and Stockholder’s Equity	$	19,733	29,493

See accompanying notes, which are an integral part of these unaudited financial statements

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Beliss Corp.

CONDENSED STATEMENTS OF OPERATIONS

Three and six months ended October 31, 2018 and 2017

		Three months ended October 31, 2018 (Unaudited)	Three months ended October 31, 2017 (Unaudited)	Six months ended October 31, 2018 (Unaudited)	Six months ended October 31, 2017 (Unaudited)
REVENUES	$	-	5,000	14,150	10,000
Gross Profit		-	5,000	14,150	10,000
OPERATING EXPENSES
General and Administrative Expenses		595	3,749	14,600	12,679
TOTAL OPERATING EXPENSES		(595)	(3,749)	(14,600)	(12,679)
NET INCOME (LOSS) FROM OPERATIONS		(595)	1,251	(450)	(2,679)
PROVISION FOR INCOME TAXES		-	-	-	-
NET INCOME (LOSS)	$	(595)	1,251	(450)	(2,679)
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	$	(0.00)	0.00	(0.00)	(0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		5,035,000	3,000,000	5,035,000	3,000,000

See accompanying notes, which are an integral part of these unaudited financial statements

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Beliss Corp.

CONDENSED STATEMENTS OF CASH FLOWS

Six months ended October 31, 2018 and 2017

	Six months ended October 31, 2018 (Unaudited)	Six months ended October 31, 2017 (Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$                              (450)	$                           (2,679)
Adjustments to reconcile net loss to net cash used in operating activities: Depreciation	2,377	505
Changes in operating assets and liabilities:
Changes in Prepaid Expenses	950	-
Changes in Accounts Payable	(5,810)	-
Changes in Customer Deposits	(7,000)	(2,000)
CASH FLOWS USED IN OPERATING ACTIVITIES	(9,933)	(4,174)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of equipment	-	(2,890)
CASH FLOWS USED IN INVESTING ACTIVITIES	-	(2,890)
CASH FLOWS FROM FINANCING ACTIVITIES
Related Party Loans	3,500	9,900
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	3,500	9,900
NET INCREASE (DECREASE) IN CASH	(6,433)	2,836
Cash, beginning of period	7,257	7,397
Cash, end of period	$                              824	$                            10,233
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$                                   -	$                                   -
Income taxes paid	$                                   -	$                                   -

See accompanying notes, which are an integral part of these unaudited financial statements

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Beliss Corp.

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

October 31, 2018

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

Beliss Corp.  (“the Company”, “we”, “us” or “our”) was incorporate in the State of Nevada on October 24, 2016. Our general business strategy is to be actively engaged in providing high impact internet marketing to internet based businesses and small businesses seeking to create websites and provide better search engine optimization (“SEO”) software and techniques to small internet based businesses and people seeking to create websites. We will also design and develop mobile applications for ourselves and customers on the iOS, Android and Windows phones platforms. Office of the Company is located in India.

Note 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern.  For the six months ended October 31, 2018 the Company had $14,150 revenues from customers.  The Company currently has losses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern for one year after the date the financial statements are issued. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. Despite management’s ongoing efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

Note 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

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 April 30.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $824 of cash as of October 31, 2018 and $7,257 as of April 30, 2018.

Foreign Operations and Functional Currency

Despite the business location in India, the functional currency of the Company is US dollar, because this is the currency of the primary economic environment of the Company in accordance with FASB ASC 830-10-45-2.

Customer Deposit

Customer Deposit discloses an amount paid by a customer to a company prior to the company providing it with goods or services. The company receiving the money has an obligation to provide the goods or services to the customer or to return the money. The Company had $0 in customer deposit as of October 31, 2018 and $7,000 as of April 30, 2017.

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Beliss Corp.

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

October 31, 2018

Depreciation, Amortization, and Capitalization

The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of furniture is 5 years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. We incurred $2,377 of depreciation expense during the six months ended October 31, 2018 and $505 of depreciation expense during the six months ended October 31, 2017.

Fair Value of Financial Instruments

AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Income Taxes

Income taxes are computed using the asset and liability method.  Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws.  A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Revenue Recognition

Effective May 1, 2018, the Company adopted the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. The implementation of ASC 606 did not have a material impact on the Company’s financial statements as Beliss orp. previously recognized revenue when the performance obligation for customers had been satisfied. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. The Company’s revenue consists of revenue from providing high impact internet marketing to internet based businesses and small businesses seeking to create websites and provide better search engine optimization (“SEO”) software and techniques to small internet based businesses and people seeking to create websites.

For our service contracts, our services provided are considered to be one single performance obligation. Revenue and expenses are recognized as services are rendered. As of October 31, 2018 the Company has four contracts. All of the contracts have a similar term. The average period for satisfying the performance obligation is three months. We have analyzed all of our four contracts and can confirm that all the requirements are considered in these contracts:  

1) the contracts with customers were identified;

8

Beliss Corp.

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

October 31, 2018

2) the performance obligation was the creation of a website and the provision of SEO-optimization and other services for this site;

3) the transaction price was determined in paragraph 1.3;

4) the Company has only one performance obligation, so the whole transaction price is related to this performance obligation;

5) the revenue was recognized when the performance obligation had been satisfied.

The Company offers no discounts, rebates, rights of return, or other allowances to clients which would result in the establishment of reserves against service revenue. Additionally, to date, the Company has not incurred incremental costs in obtaining a client contract.  

Basic Loss per Share

The Company computes loss per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2018 and April 30, 2018 there were no potentially dilutive debt or equity instruments issued or outstanding.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which issued new guidance related to leases that outlines a comprehensive lease accounting model and supersedes the current lease guidance. The new guidance requires lessees to recognize lease liabilities and corresponding right-of-use assets for all leases with lease terms of greater than 12 months. It also changes the definition of a lease and expands the disclosure requirements of lease arrangements. The new guidance must be adopted using the modified retrospective approach and will be effective for the Company in the fiscal year beginning May 1, 2019. Early adoption is permitted. The Company is currently evaluating the impact of this guidance, if any, on its financial statements and related disclosures.

Note 4 – FIXED ASSETS

As of October 31, 2018, we have purchased furniture for total $5,532 and office equipment for $18,239. As of October 31, 2018, accumulated depreciation of furniture was $1,611 and equipment depreciation was $3,251.

Note 5 – LOAN FROM DIRECTOR

As of October 31, 2018, our sole director has loaned to the Company $14,063. This loan is unsecured, non-interest bearing and due on demand. The balance due to the director was $14,063 as of October 31, 2018, and $10,563 as of April 30, 2018.

Note 6 – COMMON STOCK

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

In April 2017, the Company issued 3,000,000 shares of common stock to a director for cash proceeds of $3,000 at $0.001 per share.

In December 2017 the Company issued 750,000 shares for cash proceeds of $15,000 at $0.02 per share.

In January 2018 the Company issued 1,135,000 shares for cash proceeds of $22,700 at $0.02 per share.

In February 2018 the Company issued 150,000 shares for cash proceeds of $3,000 at $0.02 per share.

There were 5,035,000 shares of common stock issued and outstanding as of October 31, 2018 and 5,035,000 shares as of April 30, 2018.

9

Beliss Corp.

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

October 31, 2018

Note 7 – COMMITMENTS AND CONTINGENCIES

Company has entered into a rental agreement for a $190 monthly fee, starting on September 1, 2018 and ends September 1, 2019. By providing written notice to Landlord, Tenant exercises renewal option in case of further rent.

ITEM 2. MANAGEMENT’ DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward looking statement notice

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.

Description of the Business

We were incorporated in the State of Nevada on October 24th, 2016. Our general business plan is to be actively engaged in providing high impact internet marketing to internet based businesses and small businesses seeking to create websites and provide better search engine optimization (“SEO”) software and techniques to small internet based businesses and people seeking to create websites. We believe that there is a niche in this area as smaller companies are not coveted by the big internet advertising firms and they cannot afford to pay the higher fees demanded by large SEO web design companies. We will also design and develop mobile applications for ourselves and customers on the iOS, Android and Windows phones platforms.

Our ability to obtain the necessary financing to complete the development of the application and to become profitable is dependent on raising money in the future.

On October 24, 2016, we appointed Ajay Rajendran to be the President, Chief Executive Officer, Treasurer, Chief Financial Officer, and Director of the Company.

We received our initial funding of $3,000 through the sale of common stock to our President, Ajay Rajendran, who purchased 3,000,000 shares of our common stock at $0.001 per share on April 10, 2017.

We have never declared bankruptcy, have never been in receivership, and we have never been a party to any legal action or proceedings. Neither we, nor any officer, director, promoter or affiliate, have had preliminary contact or discussions with, nor do we have any present plans, proposals, arrangements, or understandings with, any representatives of the owners of any business or company regarding the possibility of an acquisition or merger.

Since incorporation, we have maintained our own website at www.belisscorp.com, have created contracts for clients and have engaged in negotiations with potential clients concerning services we might provide to them. We offer our clients the ability to create and design webpages customized to the any client’s unique needs.

We are a development stage company that intends to locate and acquire assets or business that we believe provide opportunities for growth and income generation.

We currently have no employees. We plan to hire experienced employees in the future when we have sufficient revenues.

Legal Proceedings

The Company is not a party to any legal proceeding nor is it aware of any pending or threatened litigation against us.

10

Results of operations

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities. However, there can be no assurances that we will be able to raise additional capital.

Results of Operations for the three and six month ended October 31, 2018 and 2017:

Revenue and cost of goods sold

For the three month period ended October 31, 2018 and 2017 the Company generated $0 and $5,000 revenue from selling products to the customers appropriate.

For the six month period ended October 31, 2018 and 2017 the Company generated $14,150 and $10,000 revenue from selling products to the customers appropriate.

Operating expenses

Total operating expenses for the three month period ended October 31, 2018 and 2017 were $595 and $3,749 appropriate. The operating expenses for the three month period ended October 31, 2018 included bank service charges of $135; computer and internet expenses of $65; depreciation expense of $1,189; professional fees of $947; rent expense of $570.

Total operating expenses for the six month period ended October 31, 2018 and 2017 were $14,600 and $12,679 appropriate. The operating expenses for the six month period ended October 31, 2018 included bank service charges of $304; computer and internet expenses of $112; depreciation expense of $2,377; professional fees of $3,645; accounting and audit fees of $5,023; legal fees of $2,000; rent expense of $1,140.

Net Loss

The net loss for the three month period ended October 31, 2018 was $595 and income for the three month period ended October 31, 2017 was $1,251.

The net loss for the six month period ended October 31, 2018 and 2017 was $450 and $2,679 appropriate.

Liquidity and capital resources

As at October 31, 2018, our total assets were $19,733. Total assets were comprised of $824 in current assets and $18,909 in fixed assets.

As at October 31, 2018, our current liabilities were $16,753 and Stockholders’ equity was $2,978.

Cash flows from operating activities

For the six months ended October 31, 2018 net cash flows used in operating activities was negative $9,933.

For the six months ended October 31, 2017 net cash flows used in operating activities was negative $4,174.

Cash flows from investing activities

             For the six months ended October 31, 2018 we have used no cash in investing activities.

For the six months ended October 31, 2017 we have generated $2,890 of cash used in investing activities.

Cash flows from financing activities

For the six months ended October 31, 2018 we have generated $3,500 of cash flows by financing activities.

For the six months ended October 31, 2017 we have generated $9,900 of cash flows by financing activities.

We qualify as a “Smaller Reporting Company” under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. For example, smaller reporting companies are not required to provide

a compensation discussion and analysis under Item 402(b) of Regulation S-K or the auditor attestation of internal controls over financial reporting.

11

Future Financings

We will continue to rely on equity sales of the Company’s common shares in order to continue to fund business operations. Issuances of additional shares will result in dilution to existing shareholders. There is no assurance that the Company will achieve any additional sales of equity securities or arrange for debt or other financing to fund planned research and development of our web and mobile based products.

Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Off-Balance Sheet Arrangements

The Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

None

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of October 31, 2018. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

Changes in Internal Controls over Financial Reporting

There was no change in the Company’s internal control over financial reporting during the quarterly period covered by this report that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II.  OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is not presently involved in any litigation   nor is it aware of any pending or threatened litigation against us.

ITEM 1A. RISK FACTORS

N/A

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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3. DEFAULTS UPON SENIOR SECURITES

None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

The following exhibits are included as part of this report by reference:

31.1	Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this report to be signed on its behalf by the undersigned, in Chennai December 20, 2018.

BELISS CORP.

By: /s/ Ajay Rajendran

Ajay Rajendran


 Chief Executive Officer,

     Chief Financial Officer,

     Principal Accounting Officer,

     Director

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EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer pursuant to Securities Exchange

Act of 1934 Rule 13a-14(a) or 15d-14(a). 

I, Ajay Rajendran, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of  Beliss Corp;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
December 20, 2018                                           By:		/S/Ajay Rajendran
		Name:              Ajay Rajendran
Title:                 Director                                                                                                                                                                  (Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Beliss Corp. (the “Company”) on Form 10-Q for the quarter ended October 31, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Ajay Rajendran, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

December 20, 2018                                             By:	/S/Ajay Rajendran
	Name:              Ajay Rajendran
Title:                  Director                                                                  (Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer)

XML

Document and Entity Information	6 Months Ended
	Oct. 31, 2018 shares
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2018
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	Beliss Corp.
Entity Central Index Key	0001703625
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	5,035,000

XML

CONDENSED BALANCE SHEETS (Unaudited) - USD ($)	Oct. 31, 2018	Apr. 30, 2018
Current Assets
Cash	$ 824	$ 7,257
Prepaid expenses	0	950
Total Current Assets	824	8,207
Fixed Assets
Equipment and furniture, net	18,909	21,286
Total Fixed Assets	18,909	21,286
Total Assets	19,733	29,493
Current Liabilities
Accounts Payable	2,690	8,500
Customer Deposits	0	7,000
Related Party Loans	14,063	10,563
Total Current Liabilities	16,753	26,063
Total Liabilities	$ 16,753	$ 26,063
Stockholder's Equity
Common stock, par value $0.001; 75,000,000 shares authorized,5,035,000 and 5,035,000 shares issued and outstanding	5,035	5,035
Additional paid in capital	$ 38,665	$ 38,665
Accumulated deficit	(40,720)	(40,270)
Total Stockholder's Equity	2,980	3,430
Total Liabilities and Stockholder's Equity	$ 19,733	$ 29,493

XML

CONDENSED BALANCE SHEETS (Unaudited) (Parenthetical) - shares	Oct. 31, 2018	Apr. 30, 2018
Statement of Financial Position [Abstract]
Common stock, par value $0.001; 75,000,000 shares authorized,	75,000,000	75,000,000
5,035,000 and 5,035,000 shares issued and outstanding	503,500	503,500

XML

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2018	Oct. 31, 2017
Income Statement [Abstract]
REVENUES	$ 0	$ 5,000	$ 14,150	$ 10,000
Gross Profit	0	5,000	14,150	10,000
OPERATING EXPENSES
General and Administrative Expenses	595	3,749	14,600	12,679
TOTAL OPERATING EXPENSES	(595)	(3,749)	(14,600)	(12,679)
NET INCOME (LOSS) FROM OPERATIONS	(595)	1,251	(450)	(2,679)
PROVISION FOR INCOME TAXES	0	0	0	0
NET INCOME (LOSS)	(595)	1,251	(450)	(2,679)
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	$ (0.00)	$ 0.00	$ (0.00)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	5,035,000	3,000,000	5,035,000	3,000,000

XML

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (450)	$ (2,679)
Depreciation	2,377	505
Changes in operating assets and liabilities:
Changes in Prepaid Expenses	950	0
Changes in Accounts Payable	(5,810)	0
Changes in Customer Deposits	(7,000)	(2,000)
CASH FLOWS USED IN OPERATING ACTIVITIES	(9,933)	(4,174)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of equipment	0	(2,890)
CASH FLOWS USED IN INVESTING ACTIVITIES	0	(2,890)
CASH FLOWS FROM FINANCING ACTIVITIES
Related Party Loans	3,500	9,900
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	3,500	9,900
NET INCREASE (DECREASE) IN CASH	(6,433)	2,836
Cash, beginning of period	7,257	7,397
Cash, end of period	824	10,233
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

XML

- ORGANIZATION AND NATURE OF BUSINESS

6 Months Ended

Oct. 31, 2018

- ORGANIZATION AND NATURE OF BUSINESS [Abstract]

- ORGANIZATION AND NATURE OF BUSINESS

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

Beliss Corp.  (“the Company”, “we”, “us” or “our”) was incorporate in the State of Nevada on October 24, 2016. Our general business strategy is to be actively engaged in providing high impact internet marketing to internet based businesses and small businesses seeking to create websites and provide better search engine optimization (“SEO”) software and techniques to small internet based businesses and people seeking to create websites. We will also design and develop mobile applications for ourselves and customers on the iOS, Android and Windows phones platforms. Office of the Company is located in India.

XML

- GOING CONCERN

6 Months Ended

Oct. 31, 2018

- GOING CONCERN [Abstract]

- GOING CONCERN

Note 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern.  For the six months ended October 31, 2018 the Company had $14,150 revenues from customers.  The Company currently has losses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern for one year after the date the financial statements are issued. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. Despite management’s ongoing efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

XML

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

6 Months Ended

Oct. 31, 2018

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES [Abstract]

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

Note 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

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 April 30.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $824 of cash as of October 31, 2018 and $7,257 as of April 30, 2018.

Foreign Operations and Functional Currency

Despite the business location in India, the functional currency of the Company is US dollar, because this is the currency of the primary economic environment of the Company in accordance with FASB ASC 830-10-45-2.

Customer Deposit

Customer Deposit discloses an amount paid by a customer to a company prior to the company providing it with goods or services. The company receiving the money has an obligation to provide the goods or services to the customer or to return the money. The Company had $0 in customer deposit as of October 31, 2018 and $7,000 as of April 30, 2017.

7

Beliss Corp.

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

October 31, 2018

Depreciation, Amortization, and Capitalization

The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of furniture is 5 years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. We incurred $2,377 of depreciation expense during the six months ended October 31, 2018 and $505 of depreciation expense during the six months ended October 31, 2017.

Fair Value of Financial Instruments

AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Income Taxes

Income taxes are computed using the asset and liability method.  Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws.  A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Revenue Recognition

Effective May 1, 2018, the Company adopted the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. The implementation of ASC 606 did not have a material impact on the Company’s financial statements as Beliss orp. previously recognized revenue when the performance obligation for customers had been satisfied. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. The Company’s revenue consists of revenue from providing high impact internet marketing to internet based businesses and small businesses seeking to create websites and provide better search engine optimization (“SEO”) software and techniques to small internet based businesses and people seeking to create websites.

For our service contracts, our services provided are considered to be one single performance obligation. Revenue and expenses are recognized as services are rendered. As of October 31, 2018 the Company has four contracts. All of the contracts have a similar term. The average period for satisfying the performance obligation is three months. We have analyzed all of our four contracts and can confirm that all the requirements are considered in these contracts:  

1) the contracts with customers were identified;

8

Beliss Corp.

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

October 31, 2018

2) the performance obligation was the creation of a website and the provision of SEO-optimization and other services for this site;

3) the transaction price was determined in paragraph 1.3;

4) the Company has only one performance obligation, so the whole transaction price is related to this performance obligation;

5) the revenue was recognized when the performance obligation had been satisfied.

The Company offers no discounts, rebates, rights of return, or other allowances to clients which would result in the establishment of reserves against service revenue. Additionally, to date, the Company has not incurred incremental costs in obtaining a client contract.  

Basic Loss per Share

The Company computes loss per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2018 and April 30, 2018 there were no potentially dilutive debt or equity instruments issued or outstanding.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which issued new guidance related to leases that outlines a comprehensive lease accounting model and supersedes the current lease guidance. The new guidance requires lessees to recognize lease liabilities and corresponding right-of-use assets for all leases with lease terms of greater than 12 months. It also changes the definition of a lease and expands the disclosure requirements of lease arrangements. The new guidance must be adopted using the modified retrospective approach and will be effective for the Company in the fiscal year beginning May 1, 2019. Early adoption is permitted. The Company is currently evaluating the impact of this guidance, if any, on its financial statements and related disclosures.

XML

- FIXED ASSETS	6 Months Ended
	Oct. 31, 2018
- FIXED ASSETS [Abstract]
- FIXED ASSETS	<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p align="justify" style="color:#000000;font-family:Times;font-size:10pt;margin:0px;"><b>Note 4 – <i>FIXED ASSETS</i></b></p> <p align="center" style="font-family:Times;font-size:10pt;margin:0px;"> </p> <p align="justify" style="font-family:Times;font-size:10pt;margin:0px;text-indent:35.45pt;">As of October 31, 2018, we have purchased furniture for total $5,532 and office equipment for $18,239. As of October 31, 2018, accumulated depreciation of furniture was $1,611 and equipment depreciation was $3,251.</p> <p align="center" style="font-family:Times;font-size:10pt;margin:0px;"> </p>

XML

- LOAN FROM DIRECTOR

6 Months Ended

Oct. 31, 2018

- LOAN FROM DIRECTOR [Abstract]

- LOAN FROM DIRECTOR

Note 5 – LOAN FROM DIRECTOR

As of October 31, 2018, our sole director has loaned to the Company $14,063. This loan is unsecured, non-interest bearing and due on demand. The balance due to the director was $14,063 as of October 31, 2018, and $10,563 as of April 30, 2018.

XML

- COMMON STOCK

6 Months Ended

Oct. 31, 2018

- COMMON STOCK [Abstract]

- COMMON STOCK

Note 6 – COMMON STOCK

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

In April 2017, the Company issued 3,000,000 shares of common stock to a director for cash proceeds of $3,000 at $0.001 per share.

In December 2017 the Company issued 750,000 shares for cash proceeds of $15,000 at $0.02 per share.

In January 2018 the Company issued 1,135,000 shares for cash proceeds of $22,700 at $0.02 per share.

In February 2018 the Company issued 150,000 shares for cash proceeds of $3,000 at $0.02 per share.

There were 5,035,000 shares of common stock issued and outstanding as of October 31, 2018 and 5,035,000 shares as of April 30, 2018.

9

Beliss Corp.

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

October 31, 2018

XML

- COMMITMENTS AND CONTINGENCIES

6 Months Ended

Oct. 31, 2018

- COMMITMENTS AND CONTINGENCIES [Abstract]

- COMMITMENTS AND CONTINGENCIES

Note 7 – COMMITMENTS AND CONTINGENCIES

Company has entered into a rental agreement for a $190 monthly fee, starting on September 1, 2018 and ends September 1, 2019. By providing written notice to Landlord, Tenant exercises renewal option in case of further rent.

XML

Significant Accounting Policies (Policies)

6 Months Ended

Oct. 31, 2018

Significant Accounting Policies (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 April 30.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $824 of cash as of October 31, 2018 and $7,257 as of April 30, 2018.

Foreign Operations and Functional Currency

Foreign Operations and Functional Currency

Despite the business location in India, the functional currency of the Company is US dollar, because this is the currency of the primary economic environment of the Company in accordance with FASB ASC 830-10-45-2.

Customer Deposit

Customer Deposit

Customer Deposit discloses an amount paid by a customer to a company prior to the company providing it with goods or services. The company receiving the money has an obligation to provide the goods or services to the customer or to return the money. The Company had $0 in customer deposit as of October 31, 2018 and $7,000 as of April 30, 2017.

7

Beliss Corp.

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

October 31, 2018

Depreciation, Amortization, and Capitalization

Depreciation, Amortization, and Capitalization

The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of furniture is 5 years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income. We incurred $2,377 of depreciation expense during the six months ended October 31, 2018 and $505 of depreciation expense during the six months ended October 31, 2017.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Income Taxes

Income Taxes

Income taxes are computed using the asset and liability method.  Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws.  A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Revenue Recognition

Revenue Recognition

Effective May 1, 2018, the Company adopted the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. The implementation of ASC 606 did not have a material impact on the Company’s financial statements as Beliss orp. previously recognized revenue when the performance obligation for customers had been satisfied. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. The Company’s revenue consists of revenue from providing high impact internet marketing to internet based businesses and small businesses seeking to create websites and provide better search engine optimization (“SEO”) software and techniques to small internet based businesses and people seeking to create websites.

For our service contracts, our services provided are considered to be one single performance obligation. Revenue and expenses are recognized as services are rendered. As of October 31, 2018 the Company has four contracts. All of the contracts have a similar term. The average period for satisfying the performance obligation is three months. We have analyzed all of our four contracts and can confirm that all the requirements are considered in these contracts:  

1) the contracts with customers were identified;

8

Beliss Corp.

NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS

October 31, 2018

2) the performance obligation was the creation of a website and the provision of SEO-optimization and other services for this site;

3) the transaction price was determined in paragraph 1.3;

4) the Company has only one performance obligation, so the whole transaction price is related to this performance obligation;

5) the revenue was recognized when the performance obligation had been satisfied.

The Company offers no discounts, rebates, rights of return, or other allowances to clients which would result in the establishment of reserves against service revenue. Additionally, to date, the Company has not incurred incremental costs in obtaining a client contract.  

Basic Loss per Share

Basic Loss per Share

The Company computes loss per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of October 31, 2018 and April 30, 2018 there were no potentially dilutive debt or equity instruments issued or outstanding.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which issued new guidance related to leases that outlines a comprehensive lease accounting model and supersedes the current lease guidance. The new guidance requires lessees to recognize lease liabilities and corresponding right-of-use assets for all leases with lease terms of greater than 12 months. It also changes the definition of a lease and expands the disclosure requirements of lease arrangements. The new guidance must be adopted using the modified retrospective approach and will be effective for the Company in the fiscal year beginning May 1, 2019. Early adoption is permitted. The Company is currently evaluating the impact of this guidance, if any, on its financial statements and related disclosures.

XML

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Oct. 31, 2018

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables) [Abstract]

These tiers include:

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

XML

- GOING CONCERN (Details Text)	6 Months Ended
	Oct. 31, 2018 USD ($)
Going Concern_ [Abstract]
For the six months ended October 31, 2018 the Company had $14,150 revenues from customers	$ 14,150

XML

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Details Text) - USD ($)	Oct. 31, 2018	Apr. 30, 2018	Oct. 31, 2017	Apr. 30, 2017
- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES [Abstract]
The Company had $824 of cash as of October 31, 2018 and $7,257 as of April 30, 2018.	$ 824	$ 7,257
The Company had $0 in customer deposit as of October 31, 2018 and $7,000 as of April 30, 2017.	0			$ 7,000
We incurred $2,377 of depreciation expense during the six months ended October 31, 2018 and $505 of depreciation expense during the six months ended October 31, 2017.	$ 2,377		$ 505

XML

- FIXED ASSETS (Details Text)	Oct. 31, 2018 USD ($)
Fixed Assets_ Abstract_ [Abstract]
As of October 31, 2018, we have purchased furniture for total $5,532	$ 5,532
As of October 31, 2018, we have purchased for office equipment for $18,239	18,239
As of October 31, 2018, accumulated depreciation of furniture was $1,611	1,611
As of October 31, 2018 equipment depreciation was $3,251.	$ 3,251

XML

- LOAN FROM DIRECTOR (Details Text) - USD ($)	Oct. 31, 2018	Apr. 30, 2018
- LOAN FROM DIRECTOR [Abstract]
As of October 31, 2018, our sole director has loaned to the Company $14,063	$ 14,063
The balance due to the director was $14,063 as of October 31, 2018, and $10,563 as of April 30, 2018.	$ 14,063	$ 10,563

XML

- COMMON STOCK (Details Text) - USD ($)	Oct. 31, 2018	Apr. 30, 2018	Feb. 28, 2018	Jan. 31, 2018	Dec. 31, 2017	Apr. 30, 2017
- COMMON STOCK [Abstract]
In April 2017, the Company issued 3,000,000 shares of common stock to a director for cash proceeds of $3,000 at $0.001 per share.						$ 3,000
In December 2017 the Company issued 750,000 shares for cash proceeds of $15,000 at $0.02 per share.					$ 15,000
In January 2018 the Company issued 1,135,000 shares for cash proceeds of $22,700 at $0.02 per share.				$ 22,700
In February 2018 the Company issued 150,000 shares for cash proceeds of $3,000 at $0.02 per share.			$ 3,000
There were 5,035,000 shares of common stock issued and outstanding as of October 31, 2018 and 5,035,000 shares as of April 30, 2018.	$ 5,035,000	$ 5,035,000

XML

- COMMITMENTS AND CONTINGENCIES (Details Text)	12 Months Ended
	Sep. 01, 2019 USD ($)
- COMMITMENTS AND CONTINGENCIES [Abstract]
Company has entered into a rental agreement for a $190 monthly fee, starting on September 1, 2018 and ends September 1, 2019	$ 190