Codeva Inc.

“The organization follows fasb guidance for how uncertain tax positions should be recognized, measured, disclosed, and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the organization's tax returns to determine whether the tax positions are "more-likely-than-not of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions deemed to meet the more-likely-than-not threshold would be recorded as tax expense and liability in the current year. The organization has determined that it does not have any significant unrecognized tax benefits or obligations as of juen 20, 2021 or 2020. The organization is not currently under audit by any tax jurisdiction.”

“Loss on disposal of asset”

“The organization is exempt from federal income taxes as an organization other than a private foundation under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. The organization had no unrelated business income during the years ended june 30, 2021 and 2020. The organization follows generally accepted accounting principles regarding "accounting for uncertain tax positions." this standard provides detailed guidance for financial statement recognition, measurement, and disclosure of uncertain tax positions recognized in the organization's financial statements. It requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will not be sustained upon examination. With few exceptions, the organization is no longer subject to income tax examinations by the taxing authorities for years ending before june 30, 2018. The organization has determined that it does not have any material unrecognized tax benefits or obligations as of june 30, 2021 and 2020. The organization includes penalties and interest assessed bu income taxing authorities in operating expenses. The organization did not have penalties and interest expenses for the years ended june 30, 2021 and 2020.”