Company: CSDX
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001214659-25-016410
Chunk: 4

Company: CS DIAGNOSTICS CORP.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 is unknown.
The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition,
ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the
ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern.
The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

NOTE 4 - INCOME TAXES

Deferred taxes are provided on a liability method
whereby deferred tax assets are recognized for deductible temporary differences and operating loss, and tax credit carry forwards, and
deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported
amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and
liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U. S. federal income tax rate of21%is being used.

Net deferred tax assets consist of the following
components as of:

  Schedule of income tax provision                                          
                                                   September      December  
  Federal income tax benefit attributable to:                               
  Current Operations                               —              —         
  Less: valuation allowance                        —              —         
  Net provision for Federal income taxes           —              —         

The income tax provision differs from the amount of income tax determined
by applying the U. S. federal income tax rate to pretax income from continuing operations for the fiscal years ending, due to the following:

  Schedule of deferred tax assets                                   
                                           September      December  
  Deferred tax asset attributable to:                               
  Net operating loss carryover             —              —         
  Less: valuation allowance                —              —         
  Net deferred tax asset                   —              —         

On September 30, 2025, the Company had net operating
loss carry forwards of approximately $(4,735,847) that may be offset against future taxable income from the year 2022 to 2040. No tax
benefit has been reported on September 30 2025, financial statements since the potential tax benefit is offset by a valuation allowance
of the same amount.

Due to the change in ownership provisions of the
Tax Reform Act of 1986, net operating loss carry forwards for Federal Income tax