v3.26.1
NOTE 9 - INCOME TAXES
6 Months Ended
Jun. 30, 2026
Notes  
NOTE 9 - INCOME TAXES

NOTE 9 – INCOME TAXES

 

The effective income tax rate for the months ending June 30, 2026 and 2025 differs from the U.S. Federal statutory rate due to the following:

 

 

June 2026

 

June 2025

Federal statutory income tax rate

 

$92,256  

 

$92,310  

Change in valuation allowance

 

(92,256) 

 

(92,310) 

 

$ 

 

$ 

 

The components of the deferred tax assets and liabilities at June 30, 2026 and 2025 are as follows:

 

 

June 2026

 

June 2025

Long-term deferred tax assets:

 

 

 

 

Federal net operating loss carryforwards

 

$92,256  

 

$92,310  

Valuation allowance

 

(92,256) 

 

(92,310) 

Net long-term deferred tax assets

 

$ 

 

$