v3.26.1
INCOME TAXES (Tables)
5 Months Ended 12 Months Ended
Dec. 31, 2025
Jul. 31, 2025
Income Taxes    
SCHEDULE OF FEDERAL INCOME TAX RATE AND INCOME TAXES

   December 31, 2025   %   December 31, 2024   % 
Income tax benefit at the federal statutory rate from continuing operations  $(47)   21.0   $(49)   21.0 
State income taxes, net of effect of federal taxes   (10)   4.3    (10)   4.3 
Expired net operating losses   0    -    0    - 
Change in valuation allowance   57    (25.3)   59    (25.3 
Total  $-    -   $-    - 

 

   July 31, 2025   %   July 31, 2024   % 
Income tax benefit at the federal statutory rate from continuing operations  $(47)   21.0   $(49)   21.0 
State income taxes, net of effect of federal taxes   (10)   4.3    (10)   4.3 
Expired net operating losses   0    -    0    - 
Change in valuation allowance   57    (25.3)   59    (25.3 
Total  $-    -   $-    - 
SCHEDULE OF DEFERRED TAX ASSETS

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets consist of the following (in thousands):

 

   December 31, 2025   July 31, 2025 
Federal and State net operating loss  $3,886   $3,886 
Foreign net operating loss   18    18 
Other   -    - 
Gross deferred tax assets   3,904    3,904 
Less: Valuation allowance   (3,904)   (3,904)
Net deferred tax asset  $-   $- 

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets consist of the following (in thousands):

 

   July 31, 2025   July 31, 2024 
Federal and State net operating loss  $3,886   $3,830 
Foreign net operating loss   18    18 
Other   -    - 
Gross deferred tax assets   3,904    3,848 
Less: Valuation allowance   (3,904)   (3,848)
Net deferred tax asset  $-   $-