v3.26.1
Income Tax Disclosure
6 Months Ended
May 31, 2026
Notes  
Income Tax Disclosure

NOTE J - INCOME TAXES

 

The Company accounts for income taxes under ASC 740. Deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial-statement and tax bases of assets and liabilities. A full valuation allowance is recorded against net deferred tax assets because realization is not considered more likely than not given the Company’s history of operating losses. No current or deferred income tax provision was recorded for the three or six months ended May 31, 2026.