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Income Tax Provision (Tables)
9 Months Ended
Jun. 30, 2022
Income Tax Provision  
Components of Deferred Tax Assets

 

 

June 30,

2022

 

 

 

 

 

Net Deferred Tax Asset Non-Current:

 

 

 

Net Operating Loss Carry-Forward

 

$16,917

 

Effective tax rate

 

 

21%

Expected Income Tax Benefit from NOL Carry-Forward

 

 

3,553

 

Less: Valuation Allowance

 

 

(3,553)

Deferred Tax Asset, Net of Valuation Allowance

 

$-

 

Reconciliation of the Federal Statutory Income Tax Rate and the Effective Income Tax Rate

 

 

June 30,

2022

 

 

 

 

 

Federal statutory income tax rate

 

 

21.0%

Increase (reduction) in income tax provision resulting from:

 

 

 

 

Net Operating Loss (NOL) carry-forward

 

(21.0

%)

Effective income tax rate

 

 

0.0%