Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 113

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 2
Chunk 113
---
 a cost effective manner, potentially hiring additional personnel to assist with the preparation of the Company’s financial
    statements to allow for proper segregation of duties, as well as additional resources for control documentation.

    *
    Assessing
    the duties of the existing officers of the Company and, in a cost effective manner, possibly promote or hire additional personnel
    to diversify duties and responsibilities of such executive officers.

    *
    Board
    to review and make recommendations to shareholders concerning the composition of the Board of Directors, with particular focus on
    issues of independence. The Board of Directors will consider nominating an audit committee and audit committee financial expert,
    which may or may not consist of independent members.

    *
    Interviewing
    and potentially hiring outside consultants that are experts in designing internal controls over financial reporting based on criteria
    established in Internal Control Integrated Framework issued by Integrated Framework issued by the Committee of Sponsoring Organizations
    of the Treadway Commission (“COSO”) (as revised).

This
annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial
reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules
of the SEC that permit us to provide only management’s report in this annual report.

(b)
Change in Internal Control Over Financial Reporting

The
Company has not made any change in our internal control over financial reporting during the three month period ended July 31, 2025.

PART
II. OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS

The
Company is not presently involved in any litigation, except as noted below, nor is it aware of any pending or threatened litigation against
us of a material nature. 

In
May of 2023, NAPC Defense, Inc. was sued in county court over a contract by the firm of Delmar which contends that the Company did not
follow through on a contract for their services related to its Regulation A offering in 2022. The Company has defended and is defending
such on the basis that Delmar never performed on its obligations and therefore was discharged on the contract. Such matter is pending
motions by NAPC Defense, Inc. in the county court. Such lawsuit is seeking $20,000 by Delmar. As of July 31, 2025, the suit was pending
dismissal for lack of prosecution.

ITEM
1A. RISK FACTORS

Not
required.