v3.25.3
INCOME TAXES (Tables)
12 Months Ended
Jul. 31, 2025
INCOME TAXES  
Schedule of income taxes on continuing operations

 

 

July 31, 2025

 

 

July 31, 2024

 

 

 

 

 

 

 

 

Current

 

$(12,900)

 

$-0-

 

Deferred

 

 

2,000-

 

 

-0-

 

Change in valuation allowance

 

 

10,900

 

 

-0-

 

 

 

 

 

 

 

 

 

 

Total

 

$-0-

 

 

$-0-

 

Schedule of reconciliation of the effective tax rate with the statutory U.S. income tax

 

 

July 31, 2025

 

 

July 31, 2024

 

 

 

 

 

 

% of

 

 

 

 

 

% of

 

 

 

 

 

 

Pretax

 

 

 

 

 

Pretax

 

 

 

 

 

 

Amount

 

 

Income

 

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax benefit at US federal income tax rate

 

 

(10,900)

 

 

(21)

 

$(13,900)

 

 

(21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in valuation allowance

 

$10,900

 

 

 

21

 

 

(13,900)

 

 

21

 

 

$

-0-

 

 

 

 -0-

 

 

$-0-

 

 

 

 -0-

 

Schedule of components of and changes in the net deferred taxes

 

 

July 31, 2025

 

 

July 31, 2024

 

 

 

 

 

 

 

 

Net operating loss carryforwards

 

$182,500

 

 

$173,400

 

 

 

 

 

 

 

 

 

 

Compensation and miscellaneous

 

 

11,800

 

 

 

10,000

 

 

 

 

 

 

 

 

 

 

Deferred tax assets

 

 

194,300

 

 

 

183,400

 

 

 

 

 

 

 

 

 

 

Valuation Allowance

 

 

(194,300)

 

 

(183,400)

 

 

 

 

 

 

 

 

 

Net deferred tax assets:

 

$

-0-

 

 

$

-0-