Income Taxes

12 Months Ended

Dec. 31, 2024

NOTE 9. Income Taxes

The Company had a net operating loss carryforward for tax purposes totaling $1,910,013 and $805,138, respectively, at December 31, 2024 and 2023.

According to current tax laws, the losses can be carried forward indefinitely.

The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate of 21% to the income tax amount recorded as of December 31, 2024 and 2023 are as follows:

	December 31, 2024			December 31, 2023
Net operating loss carryforward	$	(1,910,013	)	$	(805,138	)
Effective tax rate		21	%		21	%
Deferred tax asset		401,103			167,079
Less: Valuation allowance		(401,103	)		(167,079	)
Net deferred asset	$	-		$	-

- Definition

The entire disclosure for income tax.

+ References

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+ Details

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