v3.26.1
INCOME TAXES
 12 Months Ended
Feb. 28, 2026
INCOME TAXES  
INCOME TAXES

NOTE 7 - INCOME TAXES

 

The reconciliation of income tax benefit at the U.S. statutory rate of 21% for the periods ended February 28, 2026, and February 28, 2025, the company’s effective tax rate is as follows: 

 

 

 

2026

 

 

2025

 

Tax benefit at U.S. statutory rate

 

$(18,178)

 

$(16,207)

Change in valuation allowance

 

 

18,178

 

 

 

16,207

 

 

 

$-

 

 

$-

 

 

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at February 28, 2026 and February 28, 2025 is as follows:

 

 

 

2026

 

 

2025

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss

 

 

18,178

 

 

 

16,207

 

Valuation allowance

 

 

(18,178)

 

 

(16,207)

 

 

$-

 

 

$-

 

 

As of February 28, 2026, the Company has approximately $86,564 of net operating loss ("NOL") carryforwards available to offset future taxable income, if any. These NOLs begin to expire in fiscal year 2046. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. This assessment is based on projections of future taxable income, the scheduled reversal of temporary differences, and potential tax planning strategies. Based on this analysis, management has determined that it is more likely than not that the deferred tax assets will not be realized, and therefore a full valuation allowance has been recorded against the deferred tax assets for all periods presented. The valuation allowance increased by $1,496 during the year ended February 28, 2026, primarily due to the increase in net operating loss carryforwards generated during the period.