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        <ExplanationTxt>Ocean Discovery League, Inc. is exempt from income taxes under Code Section 501(c)(3) of the Internal Revenue Code.Accounting principles generally accepted in the United States of America require Agency management to evaluate tax positions taken by the Agency and recognize a tax liability (or asset) if the Agency has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Managment has analyzed the tax positions taken by the Agency and has concluded that as of December 31, 2025, there are no uncertain tax positions taken or expected to be taken that would require recognition of liability (or asset) or disclosure in the financial statements. The Agency is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.</ExplanationTxt>
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