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INCOME TAXES
 3 Months Ended
Aug. 31, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 9 – INCOME TAXES

As of August 31, 2026, the Company had net operating loss (“NOL”) carry-forwards for U.S. federal income tax purposes of approximately $120,583 that may be carried forward indefinitely, subject to an 80% of taxable income limitation. No tax benefit has been recorded with respect to these NOL carry-forwards, as management believes that the realization of the Company’s net deferred tax assets of approximately $25,322 is not more likely than not; accordingly, the potential tax benefits are fully offset by a valuation allowance.

Components of deferred tax assets are as follows:

  August 31, 2026 May 31, 2026
Net operating loss carry-forward 120,583 108,755
Statutory tax rate 21% 21%
Expected income tax benefit from NOL carry-forward 25,322 22,838
Less: valuation allowance (25,322) (22,838)
Deferred tax asset, net of valuation allowance - -

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The actual tax benefit differs from the expected tax benefit computed at the statutory rate of 21% as follows:

  Three months ended August 31, 2026 Three months ended August 31, 2025
Computed “expected” tax benefit (2,484) (4,038)
Change in valuation allowance 2,484 4,038
Actual tax expense (benefit) - -

NOTE 10 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events from August 31, 2026 through October 14, 2026, the date the financial statements were issued. On September 15, 2026, FINRA determined that Glendale Securities, Inc. had demonstrated compliance with FINRA Rule 6432 and Rule 15c2-11 under the Securities Exchange Act of 1934 and could initiate a priced quotation for the Company’s common stock, trading under the symbol ELVX, on OTC Link ATS at a quoted bid price of $0.0300 and an ask price of $0.0500. As of October 14, 2026, the Company’s common stock had not commenced trading. On September 30, 2026, the Company’s lender, Tallis Mateus Da Silva, who is also a director of the Company, voluntarily agreed to forgive the Company’s outstanding debt in the principal amount of $163,584. Following such forgiveness, the outstanding principal balance under the Loan Agreement shall be $0. The debt was forgiven in full without any payment or other consideration from the Company. As a result, the Company is no longer obligated to repay the $163,584 outstanding debt owed to Mr. Tallis Mateus Da Silva.