INCOME TAXES

6 Months Ended

May 31, 2026

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 7 – INCOME TAXES

The components of the Company’s provision for federal income tax for the six months ended May 31, 2026 and the year ended November 30, 2025 consists of the following:

	May 31, 2026			November 30, 2025
Federal income tax benefit attributable to:
Current operations	$	821,483		$	564,891
Less: valuation allowance		(821,483	)		(564,891	)
Net provision for federal income taxes	$	–		$	–

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

	May 31, 2026			November 30, 2025
Deferred tax asset attributable to:
Net operating loss carryover	$	172,511		$	118,627
Less: valuation allowance		(172,511	)		(118,627	)
Net deferred tax asset	$	–		$	–

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $821,483 as of May 31, 2026, for federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

For the fiscal year ended May 31, 2026, taxable income/loss and accrued income taxes by jurisdiction are as follows:

Jurisdiction	Taxable Income/Loss (USD)			Accrued Income Taxes (USD)
Hong Kong (Mei Sheng Corporation Limited)	$	(23,738	)	$	–
United States (Ankam LLC, Apex Intelligence LLC, Ankam, Inc.)		(797,745	)		–
Total	$	(821,483	)	$	–

Note: Hong Kong profits tax applicable to Mei Sheng Corporation Limited adopts a tiered tax rate of 8.25% on the first HKD 2,000,000 (approximately equivalent to USD 257,353) of assessable profits. For the fiscal year ended May 31, 2026, Mei Sheng Corporation Limited recorded a taxable loss of USD 23,738, hence no Hong Kong profits tax accrual is required. The Hong Kong fiscal year-end of Mei Sheng Corporation Limited is different from the reporting date May 31, 2026. As Mei Sheng generated a tax loss during the period, there is no outstanding tax payable to be settled. The three U.S.-based entities collectively incurred a combined taxable net operating loss of USD 797,745, resulting in no current income tax payments. A full valuation allowance has been recorded against all deferred tax assets arising from these net operating losses.

Reconciliation of Effective Income Tax Rate

Item	Domestic ($)		Foreign ($)		Total Amount ($)		% of Income (Loss) Before Income Taxes
Tax at U.S. federal statutory rate		-5,521		-48,363		-53,884		21.00%
Foreign tax rate differential		–		29,363		29,363		-11.44%
Effect of not recognizing deferred tax assets on tax losses		5,521		19,000		24,521		-9.56%
Effective income tax expense		–		–		–		–

Note: The reconciliation above presents the difference between the U.S. federal statutory income tax rate of 21% and the Company’s effective income tax rate for the six months ended May 31, 2026.

The United States (Domestic) column represents the tax positions of Ankam LLC, Apex Intelligence LLC, and Ankam, Inc. The Foreign (Hong Kong) column represents the tax position of Mei Sheng Corporation Limited, which is subject to Hong Kong profits tax at a statutory rate of 8.25% on the first HKD 2,000,000 of taxable income.

The foreign income tax rate differential reflects the impact of the lower Hong Kong statutory tax rate relative to the U.S. federal statutory rate. The valuation allowance relates to the full recognition of a valuation allowance against deferred tax assets for net operating losses of the U.S. entities, as management has determined that it is more likely than not that such deferred tax assets will not be realized in future periods.