v3.26.1
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
INCOME TAXES

NOTE 8 – INCOME TAXES

 

  a. Corporate tax rates in Israel:

 

The Israeli statutory corporate tax rate was 23% in both 2025 and 2024. The Company’s tax assessments since its inception are not deemed final.

 

  b. Deferred income taxes:

 

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets are as follows:

 

   December 31,
2025		   December 31,
2024		 
Deferred tax assets:        
Carry forward tax losses $2,948  $1,598 
           
Net deferred tax asset before valuation allowance  2,948   1,598 
Valuation allowance  (2,948)  (1,598)
Income tax benefit at the statutory tax rate $-  $- 

 

   December 31,
2025		   December 31,
2024		 
Deferred tax liabilities:        
Deferred tax liability (Note 3f) $1,604  $- 

 

The income tax for the year ended December 31, 2025, represents the amortization of the deferred tax liability during the period.

 

In assessing the realization of deferred tax assets, management considers whether it is more likely than not that all or some portion of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences are deductible and net operating losses are utilized. Based on consideration of these factors, the Company recorded a full valuation allowance as of December 31, 2025.

 

  c. Net operating carry-forward losses for tax purposes:

 

As of December 31, 2025, the Company’s carry-forward losses amount to approximately $2,948, which can be carried forward for an indefinite period.