Company: NTCS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008352
Chunk: 19

Company: Natics Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 19
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 2025.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

Our sole officer and director, Guy Pirotsky, has
agreed to provide his own premise under office needs. He will not take any fee for these premises, it is for free use.

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NOTE 7 – INCOME TAXES

On December 22, 2017, the President of the United
States signed into law the Tax Cuts and Jobs Act (“Tax Reform Act”). The legislation significantly changes U.S. tax law by,
among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a transition tax on deemed
repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum
of 35% to a flat 21% rate, effective January 1, 2018.

The reconciliation of income tax benefit (expenses)
at the U.S. statutory rate at 21% for the period ended as follows:

    Reconciliation of income tax 
    October 31, 2025 

    Tax benefit (expenses) at U.S. statutory rate 
    $(79)
  
    Change in valuation allowance 
     79 
  
    Tax benefit (expenses), net 
    $– 

The tax effects of temporary differences that
give rise to significant portions of the net deferred tax assets are as follows:

    Schedule of deferred taxes 
    October 31, 2025 

    Net operating loss 
    $18,140 
  
    Valuation allowance 
     (18,140)
  
    Deferred tax assets, net 
    $– 

The Company has accumulated approximately $86,383
of net operating losses (“NOL”) carried forward to offset future taxable income up to 20 years, if any, in future years which
begin to expire in year 2038. In assessing the realization of deferred tax assets, management considers whether it is more likely than
not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent
upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers
the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment.
Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs
for every period because it is more likely than not that