v3.26.1
INCOME TAXES
 12 Months Ended
Dec. 31, 2025
INCOME TAXES  
INCOME TAXES

NOTE 5 - INCOME TAXES

 

The reconciliation of income tax benefit at the U.S. statutory rate of 21% as of December 31, 2025, to the Company’s effective tax rate is as follows:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Income tax benefit at statutory rate

 

$(62,259)

 

 

(27,615)

Change in valuation allowance

 

 

62,259

 

 

 

27,615

 

Income tax expense

 

 

—

 

 

 

—

 

 

The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of December 31, 2025, is as follows:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Net operating loss carry forward

 

$347,785

 

 

 

285,525

 

Valuation allowance

 

 

(347,785)

 

 

(285,525)

Net deferred tax assets

 

 

—

 

 

 

—

 

 

The Company has approximately $1,656,117 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which expire commencing in fiscal 2043. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.