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INCOME TAXES
 12 Months Ended
Apr. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 5 – INCOME TAXES

 

As of April 30, 2025, the Company had net operating loss carryforwards of approximately $1,110,000, which expire in varying amounts between 2026 and 2042. Realization of this potential future tax benefit is dependent on generating sufficient taxable income prior to expiration of the loss carryforward. The deferred tax asset related to this (and other) potential future tax benefits has been offset by a valuation allowance in the same amount. The amount of the deferred tax asset ultimately realizable could be increased in the near term if estimates of future taxable income during the carryforwards period are revised.

 

Deferred income tax assets of approximately $311,000 at April 30, 2025, was offset in full by a valuation allowance.

 

The approximate components of the Company’s net deferred tax assets, including a valuation allowance, are as follows:

 

COMPONENTS OF NET DEFERRED TAX ASSETS, INCLUDING VALUATION ALLOWANCE

Deferred Tax Assets  As of April 30, 2025   As of April 30, 2024 
         
Net deferred tax assets before valuation allowance  $311,000   $300,000 
Less: Valuation allowance   (311,000)   (300,000)
Net deferred tax assets  $-   $- 

 

 

A reconciliation between the amounts of income tax benefit determined by applying the applicable U.S. and State statutory income tax rate to pre-tax loss is as follows:

 

SCHEDULE OF FEDERAL STATUTORY INCOME TAX RATE TO TOTAL INCOME TAXES

   As of April 30, 2025   As of April 30, 2024 
         
Statutory federal income tax   (21.0%)   (21.0%)
Statutory state income tax, net of federal tax benefit   (7.0%)   (7.0%)
Change in valuation allowance on deferred tax assets   (28.0%)   (28.0%)

 

 

SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE

         
Components of Income Tax Expense   For the Years Ended, 
    April 30, 2025    April 30, 2024 
           
Federal U.S. Income Taxes          
Current-   -    - 
Deferred-   -    - 
           
State Income Taxes          
Current  $-   $- 
Deferred-   -    - 
Total Income Tax Expense  $-   $- 

 

Due to the inherent uncertainty in forecasts and future events and operating results, the Company has provided for a valuation allowance in an amount equal to gross deferred tax assets resulting in the above figures for the periods audited.