Company: NTCS
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001683168-25-004268
Chunk: 391

Company: Natics Corp.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 14
Chunk 391
---
 amortizing the asset straight-line over its five year useful life or $8,600 per year.

Balances as of April 30, 2025 and April 30, 2024
are as follows:

    April 30, 2025 
    April 30, 2024

    Intangible Assets Purchased 
    $25,792  
    $34,396 
  
    Accumulated Amortization 
     (8,604) 
     (8,604)
  
    Net Book Value 
    $17,188  
    $25,792 

     F-11 

NOTE 7 – RELATED PARTY TRANSACTIONS

Mr. Pirotsky currently devotes approximately thirty hours per week
to manage our affairs.

The sole officer and director, Guy Pirotsky, is
the only related party with whom the Company had transactions with during the period from inception on February 21, 2022 through April
30, 2025. During the year ended April 30, 2025, Mr. Pirotsky paid $25,406 for operating expenses on behalf of the Company. The amounts
due to the related party are unsecured and non-interest bearing with no set terms of repayment.

NOTE 8 – INCOME TAXES

As of April 30, 2025, the Company had net operating
loss carry forwards of approximately $17,375 that may be available to reduce future years’ taxable income in varying amounts through
2041.

Future tax benefits which arise as a result of
these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly,
the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The 21% tax rate provision for Federal income tax consists of the following:

    April 30, 2025 
    April 30, 2024
  
    Federal income tax benefit attributable to: 

    Current operations 
    $(17,375) 
    $(8,754)
  
    Related party accruals 
     –  
     – 
  
    Less: change in valuation allowance 
     17,375  
     8,754 
  
    Net provision for Federal income taxes 
    $–  
    $– 

The cumulative tax effect at the expected rate of 21% of significant
items comprising our net deferred tax amount is as follows: