v3.26.1
INCOME TAX PROVISION
 9 Months Ended
Feb. 28, 2026
Income Tax Disclosure [Abstract]  
INCOME TAX PROVISION

NOTE 8 – INCOME TAX PROVISION

 

As of February 28, 2026, the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of $68,189 that may be offset against future taxable income through 2040.  No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying financial statements as the management of the Company believes that the realization of the Company’s net deferred tax assets of approximately $14,319 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by the full valuation allowance.

 

Deferred tax assets consist primarily of the tax effect of NOL carry-forwards which was used to offset tax payable from prior year’s operations. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization. The current valuation of tax allowance is not applicable as of February 28, 2026.

 

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Components of deferred tax assets are as follows:

 

 

Nine Months Ended

February 28, 2026

  

Year Ended

May 31, 2025

               
Net Deferred Tax Asset Non-Current:              
Net Operating Loss Carry-Forward   $ 68,388       $ 199  
Effective tax rate x   21 %    x   21 %
Expected Income Tax Benefit from NOL Carry-Forward     14,361         42  
Less: Valuation Allowance     (14,361)         (42)  
Deferred Tax Asset, Net of Valuation Allowance   $ -       $ -

 

 

 

The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for nine months ended February 28, 2026 and the year ended May 31, 2025 as follows:

 

 

Nine Months Ended

February 28, 2026

  

Year Ended

May 31, 2025

           
Computed “expected” tax expense (benefit) $ (14,320)   $ (42)
Change in valuation allowance $ 14,320   $ 42
Actual tax expense (benefit) $ -   $ -