DESCRIPTION OF BUSINESS



General

Bigeon is a Nevada corporation that is 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.

Corporate Organization

Our registered address is Manesova 345/13 Ceske Budejovice 6, Ceske Budejovice, Czech Republic, 370 01. Our telephone number is +13212366052.





Our Product

Bigeon is now developing an innovative type of a messenger application with availability of graphic input. Many of our competitors offer various solutions for messaging applications but none of them is anyhow related with graphics. Our company will provide prospective users with advanced graphic features including any combinations of colors, variable line width, backgrounds, filling, spraying and many others.





Regulation

We are subject to various federal, state and international laws and regulations that affect companies conducting business on the Internet and mobile platforms, including those relating to privacy, use and protection of user personal information and data (including the collection of data from minors), the Internet, mobile applications, content, advertising and marketing activities and anti-corruption. Presently, we do not believe that any such legislation or proposed legislation will have a materially adverse impact on our business.





Employees

We have no employees other than our director and President, Mr. Olegas Tunevicius. There is no formal employment agreement between Mr. Tunevicius and the Company.





Legal Proceedings

We are not involved in certain legal claims or proceedings, nor have we ever been.





RESULTS OF OPERATIONS

Three months ended January 31, 2022, compared to January 31, 2021





Revenues

During the three months ended January 31, 2022, and 2021, we have not received any revenues.







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Operating expenses

Total operating expenses for the three months ended January 31, 2022 were $13,909 compared to $12,603 for the three months ended January 31, 2021. Our operating expenses consisted of general and administrative costs $11,438 (January 31, 2021 - $134), professional fees $2,402 (January 31, 2021 - $12,368) and rent expense $69 (January 31, 2021 - $101).





Net Losses

The net loss for the fiscal quarter ended January 31, 2022, was $13,909, compared to $12,603 for the three months ended January 31, 2021.

Six months ended January 31, 2022, compared to January 31, 2021





Revenues

During the six months ended January 31, 2022, and 2021, we have not received any revenues.





Operating expenses

Total operating expenses for the six months ended January 31, 2022 were $34,049 compared to $18,710 for the six months ended January 31, 2021. Our operating expenses consisted of general and administrative costs $22,861 (January 31, 2021 - $134), professional fees $11,016 (January 31, 2021 - $18,374) and rent expense $172 (January 31, 2021 - $202). Expenses increased in the six months ended January 31, 2022 primarily due to the recognition of salary and wage expense.





Net Losses

The net loss for the six months ended January 31, 2022, was $34,049, compared to $18,710 for the six months ended January 31, 2021, due to the factors discussed above.

Liquidity and Capital Resources

As of January 31, 2022, our total assets were $437 comprised of cash $72, prepaid rent $69 and prepaid expenses $296 . Our total liabilities were $93,231 comprised of a loan from our director and payroll liabilities. As of July 31, 2021, our total assets were $849 comprised of cash $124, prepaid rent $104 and prepaid expenses $621. Our total liabilities were $59,594 comprised of a loan from our director and payroll liabilities.

Shareholders' deficit has increased from $58,745 as of July 31, 2021 to $92,794 as of January 31, 2022.

The Company has accumulated a deficit of $113,925 as of January 31, 2022, compared to $79,876 as of July 31, 2021, and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company's ability to continue as a going concern.

Net cash flows used in operating activities for the six months ended January 31, 2022, were $10,889.

Net cash flows provided by financial activities for the six months ended January 31, 2022, were $10,837.









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Off-Balance Sheet Arrangements

As of January 31, 2022, we did not have any off-balance sheet arrangements that have or are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations liquidity, capital expenditures or capital resources.

Limited Operating History and Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have generated limited revenues. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

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