v3.26.1
Income Tax
 6 Months Ended
May 31, 2026
Income Tax Disclosure [Abstract]  
Income Tax

Note 7 – Income Tax

 

United States of America

 

The Company is registered in the State of Nevada and is subject to United States of America tax law. U.S. federal income tax rate is 21.0%.

 

The federal and state income tax provision (benefit) for the three and six months ended May 31, 2026 and 2025 are summarized as follows: 

                
  

For the

Three Months

Ended

May 31, 2026

  

For the

Three Months

Ended

May 31, 2025

  

For the

Six Months

Ended

May 31, 2026

  

For the

Six Months

Ended

May 31, 2025

 
Current:                    
Federal  $–   $158   $–   $158 
State   –    –    –    – 
Total current   –    158    –    158 
Deferred                    
Federal   –    –    –    – 
State   –    –    –    – 
Total deferred   –    –    –    – 
Income tax provision  $–   $158   $–   $158 

 

The Company records a tax provision for the anticipated tax consequences of the reported results of operations. In accordance with ASC 740, the provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carry forwards.