v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

Note 8 - Income Taxes

 

The Company recognizes deferred income tax assets and liabilities for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. Deferred tax assets and liabilities are determined based on temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse.

 

The components of the Company’s reconciliation of income taxes computed at the statutory rate of 21% to the income tax amount recorded for the six months ended June 30, 2026 and 2025 are as follows:

                
   June 30, 2026   Rate   June 30, 2025   Rate 
Net Loss Before Taxes   628,362)   100%   (26,255)   100%
Tax benefit at federal statutory rate   (628,362)   (21)%   (5,514)   (21)%
State income taxes, net of federal benefit   —    0.0%   —    0.0%
Change in valuation allowance   619,710    21%   5,514    21%
Provision from Income Taxes   —    0.0%   —    0.0%

 

                
   June 30, 2026   Rate   June 30, 2025   Rate 
Deferred Tax Asset   619,710    21%   5,514    21%
Less Valuation Allowance   (619,710)   (21)%   (5,514)   (21)%
Net Deferred Tax Asset   —    0.0%   —    0.0%

 

Because of uncertainties surrounding the Company’s ability to generate future taxable income to realize deferred tax assets, a full valuation allowance has been established. Accordingly, no income tax provision or benefit was recorded for the six months ended June 30, 2026 or 2025.