Company: NTCS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008352
Chunk: 8

Company: Natics Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 8
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1 par value
shares of common stock authorized.

On February 22, 2022 the Company issued 3,000,000
shares of common stock to a director for services rendered estimated to be $300 at $0.0001 per share.

During the quarter ended January 31, 2023 the
Company issued 1,840,300 common shares at $0.01 per share to 27 shareholders in consideration of $18,403.

There were 4,840,300 shares of common stock issued
and outstanding as of January 31, 2023.

During the quarter ended April 30, 2023, the Company
issued 440,000 common shares to few individuals at $0.01 per share in consideration of $4,400.

There were 5,280,300 shares of common stock issued
and outstanding as of April 30, 2023.

During the quarter ended July 31, 2023, the Company
issued 215,000 common shares to few individuals at $0.01 per share in consideration of $2,150.

There were 5,495,300 shares of common stock issued
and outstanding as of October 31, 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.

     11 

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 
    $