v3.26.3
INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2026
INCOME TAXES  
Schedule of reconciliation of income tax expense at the federal statutory rate

 

 

2025

 

 

2024

 

United States Statutory Income Tax Rate

 

 

21%

 

 

21%

Increase (Decrease) in rate on income subject to Danish income tax rates

 

 

1%

 

 

1%

Decrease in rate resulting from Non-Deductible expenses

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Effective Income Tax Rate

 

 

22%

 

 

22%
Schedule of components of income tax expense (benefit) from continuing operations

Current Tax Expense

 

2026

 

 

2025

 

Danish Income Tax Expense (Benefit)

 

$(86,618 )

 

$9,985

 

Federal US Income Tax Expense (Benefit)

 

 

 

 

 

 

 

 

Current

 

 

-

 

 

 

-

 

Deferred

 

 

-

 

 

 

-

 

Total Income Tax Expense

 

$(86,618 )

 

$9,985

 

Schedule of deferred tax income tax assets

 

 

2026

 

 

2025

 

Net operating loss carryforwards

 

$4,340,515

 

 

$4,357,467

 

 

 

 

 

 

 

 

 

 

Valuation allowance

 

 

(4,340,515 )

 

 

(4,357,467 )

Total net deferred tax assets

 

$-

 

 

$-