Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - Thunder Fusion CorpFinancial_Report.xls
10-K/A - FORM 10-K/A - Thunder Fusion Corpccj_10ka.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR3.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR1.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR8.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR5.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR6.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR4.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR2.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR16.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR10.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR11.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR14.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR15.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR12.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR13.htm
EX-31.1 - CERTIFICATION - Thunder Fusion Corpccj_ex311.htm
EX-32.1 - CERTIFICATION - Thunder Fusion Corpccj_ex321.htm
XML - IDEA: XBRL DOCUMENT - Thunder Fusion CorpR7.htm
v2.4.0.6
Note 3 - Income Taxes
12 Months Ended
May 31, 2012
Note 3 - Income Taxes  
Note 3 - Income Taxes

At May 31, 2012, the Company had a net operating loss carry–forward for Federal income tax purposes of $1,765 that may be offset against future taxable income that will start phasing out in 2031  No tax benefit has been reported with respect to these net operating loss carry-forwards in the accompanying financial statements because the Company believes that the realization of the Company’s net deferred tax assets of $600, calculated at an effective tax rate of 34%, was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are fully offset by a valuation allowance of $600.

 

Deferred tax assets consist primarily of the tax effect of NOL carry-forwards.  The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realizability.