NOTE
4 – INCOME TAXES
The components of the Company’s provision for federal income tax for the years ended March 31, 2025 and 2024 consist of the following:
SCHEDULE OF FEDERAL INCOME TAX
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Federal income tax benefit attributable to: | |
| | | |
| | |
| Current operations | |
$ | 3,368,018 | | |
$ | 1,730,298 | |
| Less: valuation allowance | |
| (3,368,018 | ) | |
| (1,730,298 | ) |
| Net provision for federal income taxes | |
$ | - | | |
$ | - | |
The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:
SCHEDULE
OF DEFERRED TAX AMOUNT
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Deferred tax asset attributable to: | |
| | | |
| | |
| Net operating loss carryover | |
$ | 707,284 | | |
$ | 363,363 | |
| Less: valuation allowance | |
| (707,284 | ) | |
| (363,363 | ) |
| Net deferred tax asset | |
$ | - | | |
$ | - | |
|