INCOME TAXES

9 Months Ended

Mar. 31, 2023

INCOME TAXES

INCOME TAXES

NOTE F – INCOME TAXES

The Company has a net operating loss carried forward of $425,296 available to offset taxable income in future years which commence expiring in fiscal 2032.

The income tax benefit has been computed by applying the weighted average income tax rates of the United States (federal and state rates) of 21% to the net loss before income taxes calculated for each jurisdiction. The tax effect of the significant temporary differences, which comprise future tax assets and liabilities, are as follows:

	Three Months Ended
	March,
	2023			2022
Income tax recovery at statutory rate	$	593		$	515
Valuation allowance change	$	(593	)	$	(515	)
Provision for income taxes	$	-		$	-

The significant components of deferred income tax assets and liabilities at March 31, 2023 and 2022, respectively, are as follows:

Net operating loss carried forward	$	89,312		$	85,606
Valuation allowance	$	(89,312	)	$	(85,606	)
Net deferred income tax asset	$	-		$	-