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NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)
12 Months Ended
Dec. 31, 2025
Policies  
Income Taxes

Income Taxes

 

The Company accounts for income taxes in accordance with ASC 740, Income Taxes, using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss carryforwards. A valuation allowance is provided when it is more likely than not that some portion or all of the deferred tax assets will not be realized. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires enhanced disclosures including a rate

reconciliation presented in both percentages and amounts using specific categories, disclosure of income taxes paid disaggregated by federal, state and foreign taxes, and other enhancements. The Company adopted this standard for the fiscal year ended December 31, 2025. The adoption resulted in enhanced disclosures but did not have a material impact on the Company’s consolidated financial statements.