v3.25.2
INCOME TAXES
 12 Months Ended
May 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES

5. INCOME TAXES

 

The Company had no income tax expense for the fiscal years ended May 31, 2025 and 2024, respectively. A reconciliation of the income tax expense determined at statutory federal income tax rate to the Company’s income taxes is as follows::

 

   Year Ended   Year Ended 
   May 31, 2025   May 31, 2024 
         
Loss before income tax:  $(39,857)  $(30,865)
Statutory tax rate   21%   21%
Income tax benefit computed at statutory income tax rate   (8,370)   (6,482)
Change in valuation allowance   8,370    6,482 
Income tax   expense  $-   $- 
Components of deferred tax assets:          
Non-capital tax loss carried forwards  $88,118   $79,748 
Less: valuation allowance   (88,118)   (79,748)
Net deferred tax asset  $-   $- 

 

The provisions of ASC Topic 740, Accounting for Income Taxes, require an assessment of both positive and negative evidence when determining whether it is more likely than not that deferred tax assets are recoverable. As of May 31, 2025 and 2024, based on all available objective evidence, including the existence of cumulative losses, the Company determined that it was more likely than not that the net deferred tax assets were not fully realizable. Accordingly, the Company established a full valuation allowance against its net deferred tax assets. The Company intends to maintain a full valuation allowance on net deferred tax assets until sufficient positive evidence exists to support reversal of the valuation allowance.

 

The Company adopted the provisions of ASC 740, which requires companies to determine whether it is “more likely than not” that a tax position will be sustained upon examination by the appropriate taxing authorities before any tax benefit can be recorded in the financial statements. ASC 740 also provides guidance on the recognition, measurement, classification and interest and penalties related to uncertain tax positions. As of May 31, 2025 and 2024, no liability for unrecognized tax benefits was required to be recorded or disclosed.