v3.26.1
INCOME TAXES
 12 Months Ended
Dec. 31, 2025
INCOME TAXES  
INCOME TAXES

Note 9 – INCOME TAXES

 

The Company accounts for income taxes under ASC 740, Income Taxes. For the year ended December 31, 2025, the Company incurred a net loss of ($153,729) and, therefore, has no current or deferred income tax expense.

 

Income tax rate reconciliation:

 

Description

 

Amount ($)

 

 

Rate (%)

 

Loss before income taxes

 

$(153,729)

 

 

100%

Federal statutory rate

 

 

-

 

 

 

21%

State taxes, net of federal benefit

 

 

-

 

 

 

0%

Permanent differences

 

 

-

 

 

 

0%

Effective income tax expense

 

 

-

 

 

 

0%

 

The Company has net operating loss carry forwards for federal and state purposes that may be used to offset future taxable income. Deferred tax assets have been fully offset by a valuation allowance due to the uncertainty of realization.

 

Income taxes paid by jurisdiction: $0 (no taxes paid during the year).