Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 93

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 8
Chunk 93
---
 of $0 and $67,467 during
the three months ended July 31, 2025 and 2024, respectively.

During the three month period
ended July 31, 2025, the Company incurred general and administrative expense of $29,874, rent expense of $13,001, consulting and accounting
expense of $152,586, legal fees of $2,210, research and development expenses of $6,126, and professional fees of $54,262.

During the three month period ended July 31,
2024, the Company incurred consulting and accounting expense of $69,617, general and administrative expense of $137,450, legal fees of
$20,650, professional fees of $3,150, research and development of $4,103 and rent expense of $80,000.

Total operating expenses were
$258,059 for three month period ended July 31, 2025 versus $314,970 for the three month period ended July 31, 2024, a decrease of $56,911
or 18.1%. The decrease in operating expenses for the three month period ended April 30, 2025 is largely attributable to decreases in general
and administrative expense of $107,576, rent expense of $66,999 and legal fees of $18,440. These decreases offset increases in consulting
and accounting expenses of $82,969 and professional fees of $51,112 and research and development of $2,023. 

Other
Expenses

Total
other expenses were $326,193 during the three month period ended July 31, 2025 and $156,491 during the three month period ended July
31, 2024, an increase of $169,702 or 108.4%. Other expenses increased during the three month period ended July 31, 2025 primarily due
to an increases of $177,802 for amortization of debt discount and an increase of $100,312 in financing fees which offset a $123,653
decrease in loss on extinguishment of debt.

Discontinued
Operations

During
the three month period ended July 31, 2025, the Company had a loss from operations of discontinued operations of $0.

During
the three month period ended July 31, 2024, the Company had a loss from operations of discontinued operations of $31,869.

Net
Loss

For
the year ended three month period ended July