INCOME TAXES |
6 Months Ended |
|---|---|
Mar. 31, 2026 | |
| INCOME TAXES | |
| INCOME TAXES | NOTE 6 – INCOME TAXES
The Company accounts for income taxes under the asset and liability method in accordance with ASC 740, Income Taxes. Deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting bases and the tax bases of assets and liabilities.
For the six months ended March 31, 2026, the Company recorded no provision for income taxes. Although the Company reported pretax income for the period, management determined that no current income tax payable and no net deferred tax asset should be recognized as of March 31, 2026. As of March 31, 2026, the Company did not record a net deferred tax asset, as management determined that it is more-likely-than-not that any deferred tax assets would not be realized; accordingly, a valuation allowance would offset such deferred tax assets.
Management will continue to evaluate the Company’s income tax position and the realizability of deferred tax assets in future periods. |