Significant Accounting Policies: Income Taxes, Policy (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Policies | |
| Income Taxes, Policy | 2.6. Income taxes
The Company’s income tax benefit differs from the expected income tax benefit by applying the U.S. Federal statutory rate to net income (loss) as follows:
The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. The Company’s ability to utilize net operating loss carryforwards will depend on its ability to generate adequate future taxable income. The Company assessed the need for a valuation allowance against its net deferred tax assets and determined that a full valuation allowance is required due to the cumulative losses through June 30, 2026 and December 31, 2025, and no history of generating taxable income; hence, deferred tax assets have not been recognized. |