INCOME TAX

6 Months Ended

Jun. 30, 2026

INCOME TAX

INCOME TAX

10. INCOME TAX

The loss from operation before income tax of the Company for the six months ended June 30, 2026 and 2025 were comprised of the following:

	For the six months ended June 30, 2026 (Unaudited)			For the six months ended June 30, 2025 (Unaudited)
Tax jurisdictions from:
– Local	$	(27,411	)	$	(9,518	)
– Foreign, representing:
Marshall Islands (non-taxable jurisdiction)		(514	)		(1,035	)
Hong Kong		(171,999	)		(20,601	)
Loss before income taxes	$	(199,924	)	$	(31,154	)

Provision for income taxes consisted of the following:
	For the six months ended June 30, 2026 (Unaudited)		For the six months ended June 30, 2025 (Unaudited)
Current:
- Local	$	-	$	-
- Foreign		-		-
Total current		-		-
Deferred:
- Local	$	-	$	-
- Foreign		-		-
Total deferred		-		-
Total provision for income taxes		-		-

The Company is a U.S. entity and is subject to the United States federal income tax. No provision for income taxes in the United States has been made as the Company had no United States taxable income for the six months ended June 30, 2026.

Scientist Home Holding was incorporated in the Republic of Marshall Islands and, under the laws of Marshall Islands, is not subject to income taxes.

The Company operates in Hong Kong and files tax returns in the Hong Kong jurisdiction. Scientist Home HK was incorporated in Hong Kong and is subject to Hong Kong income tax at a tax rate of 16.5%. (the first HKD 2 million (equivalent USD 258,000) of profits earned by the company will be taxed at half the current tax rate (i.e., 8.25%) whilst the remaining profits will continue to be taxed at the existing 16.5% tax rate.)

No deferred taxes were recognized for the six months ended June 30, 2026.

Effective and Statutory Rate Reconciliation

The reconciliation of the federal statutory income tax amount and rate to the Company’s effective tax rate for the six months ended June 30, 2026 and 2025 is as follows:

	For the  six months ended June 30, 2026 (Unaudited)						For the six months ended June 30, 2025 (Unaudited)
	Amount			Percent			Amount			Percent
Loss before income taxes	$	(199,924	)				$	(31,154	)
Statutory federal income tax rate		(41,984	)		21	%		(6,542	)		21	%
State and local income tax, net of federal income tax effect		5,756			(2.88	)%		1,999			(6.41	)%
Effect of foreign tax rate difference
Marshall Islands
-Changes in valuation allowances		-			-	%		-			-	%
-Foreign rate difference		108			(0.05	)%		217			(0.70	)%
Hong Kong
-Changes in valuation allowances		14,190			(10.97	)%		1,700			(8.43	)%
-Foreign rate difference		21,930			(7.10	)%		2,626			(5.46	)%
Income tax expense and effective tax rate	$	-			-	%	$	-			-	%

For the six months ended June 30, 2026 and 2025, the cash paid for income taxes of the Company were nil.

Deferred taxes of the Company are as follows:

	For the six months ended June 30, 2026 (Unaudited)			For the year ended December 31, 2025 (Audited)
Deferred tax assets
Net operating loss (NOL) carryforwards:
- Local	$	25,721		$	19,965
- Marshall Islands		-			-
- Hong Kong		26,545			12,355
Gross deferred tax assets		52,266			32,320
Less: Valuation allowance		(52,266	)		(32,320	)
Total deferred tax assets	$	-		$	-

Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided a full valuation allowance against its deferred tax assets of $52,266 as of June 30, 2026. For the six months ended June 30, 2026, the valuation allowance increased by $19,946 primarily relating to net operating loss carryforwards from the various tax regime.