The
components of income tax balances for the periods ended December 31, 2025, and December 31, 2024, are as follows:
Schedule of Components of Income Tax Balances
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
For the Year Ended | |
| | |
December 31, 2025 | | |
December 31, 2024 | |
| 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: | |
| - | | |
| - | |
|