v3.26.3
INCOME TAXES (Tables)
6 Months Ended
Dec. 31, 2025
INCOME TAXES  
Schedule of reconcilation of the income tax benefit

 

 

Six Months Ended December 31,

2025

 

 

Year Ended

June 30,

2025

 

 

Year Ended

June 30,

2024

 

Income tax benefit at federal statutory rate (21%)

 

$66,458

 

 

$111,238

 

 

$196,894

 

State income tax benefit, net of federal effect

 

 

22,101

 

 

 

36,992

 

 

 

65,478

 

Permanent differences and other

 

 

-

 

 

 

(16,969

) 

 

 

(85,548

) 

Temporary differences

 

 

 35,178

 

 

 

 (2,261

) 

 

 

 (22,824

) 

Change in valuation allowance

 

 

(123,737)

 

 

(129,000)

 

 

(154,000)

Income tax provision

 

$-

 

 

$-

 

 

$-

 

Schedule of net deferred tax assets

 

 

December 31,

2025

 

 

June 30,

2025

 

 

June 30,

2024

 

Net operating loss carryforwards

 

$381,021

 

 

$298,000

 

 

$169,000

 

Accrued compensation

 

 

40,716

 

 

 

-

 

 

 

-

 

Total deferred tax assets

 

 

421,737

 

 

 

298,000

 

 

 

169,000

 

Less: valuation allowance

 

 

(421,737)

 

 

(298,000)

 

 

(169,000)

Net deferred tax assets

 

$-

 

 

$-

 

 

$-