INCOME TAXES

12 Months Ended

Feb. 28, 2022

INCOME TAXES

NOTE 6. INCOME TAXES

NOTE 6. INCOME TAXES

The Company is subject to United States federal income taxes at an approximate rate of 21%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	Year Ended			Year Ended
	February 28,2022			February 28,2021
Income tax benefit computed at the statutory rate	$	343,000		$	342,000
Non-deductible expenses		(318,000	)		(302,000	)
Change in valuation allowance		(25,000	)		(40,000	)
Provision for income taxes	$	-		$	-

Significant components of the Company’s deferred tax assets after applying enacted corporate income tax rates are as follows:

	As of			As of
	February 28, 2022			February 28, 2021
Deferred income tax assets
Net operating losses	$	67,900		$	43,900
Valuation allowance		(67,900	)		(43,900	)
Net deferred income tax assets	$	-		$	-

The Company has an operating loss carry forward of approximately $326,000.