v3.26.1
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

Note 10 – Income Taxes

 

The components of income tax balances for the periods ended December 31, 2025, and December 31, 2024, are as follows:

 

   December 31, 2025   December 31, 2024 
   For the Year Ended 
   December 31, 2025   December 31, 2024 
Net losses before taxes   40,223    123,716 
Adjustments to arrive at taxable income/loss          
Permanent differences:  $-   $- 
Temporary differences:  $-   $- 
Taxable loss/(Income)   40,223    123,716 
           
Current Year Taxable income (loss)  $40,223   $123,716 
NOL carried forward prior year (tax return)   565,156    441,440 
NOL carried forward at period end  $605,379   $565,156 
           
Deferred Tax Asset – Federal Rate   127,130    118,682 
Deferred Tax asset – State Rate   33,296    31,084 
Total Deferred Tax Asset  $160,426   $149,766 
           
Valuation Allowance   (160,426)   (149,766)
Deferred tax per books:   -    - 

 

 

Due to the changes in the Tax Reform Act of 1986 and the Tax Cut and Jobs Act of 2017, net operating loss carry forwards for Federal Income tax reporting purposes are subject to additional limitations. Should certain changes in ownership occur, our net operating loss carry forwards may be limited to use in future years. In addition, tax rates on corporations were reduced and certain other deductions limited. These changes may affect the income tax benefit calculation and related allowance during subsequent fiscal years. The IRS requires all domestic corporations in existence for any part of the tax year to file an income tax return whether or not they have taxable income. The Company has filed tax returns through its fiscal year ended December 31, 2024. The Company incurred a loss for the fiscal years ended December 31, 2025, and 2024 and has filed an extension for 2025. The Company has not received any notifications from the IRS. Reported tax benefits and valuation allowances are the Company’s best estimate of its tax positions and have not been reviewed by the taxing authority.