Company: BLIS
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0001199835-25-000092
Chunk: 1

Company: NAPC Defense, Inc.
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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-  
    $17,536 
  
    Accrued interest expense 
     247,512  
     287,577 
  
    Related party advances 
     16,310  
     - 
  
    Customer deposits 
     8,700  
     8,700 
  
    Convertible notes payable, net of discounts 
     642,651  
     483,641 
  
    Short term loans 
     25,004  
     86,716 
  
    Related party convertible loans 
     110,890  
     110,890 
  
    Contingent liabilities 
     -  
     50,000 
  
    Total current liabilities 
     1,051,067  
     1,045,060 

    Total Liabilities 
     1,051,067  
     1,045,060 

    Commitments and contingencies (Note 8) 

    Stockholders’ Equity 

    Preferred stock, $0.001 par value; 100 shares authorized, 51 shares issued and outstanding 
     -  
     - 
  
    Common stock, par value $0.001; 300,000,000 shares authorized, 231,251,936 and 168,400,211 shares issued and outstanding at January 31, 2025 and April 30, 2024, respectively 
     231,253  
     168,416 
  
    Common stock to be issued 
     143,500  
     118,500 
  
    Additional paid in capital 
     6,722,431  
     5,469,924 

    Accumulated deficit 
     (6,516,565) 
     (4,987,569)
  
    Total Stockholders’ Equity 
     580,619  
     769,271 

    Total Liabilities
    and Stockholders’ Equity 
    $1,631,686  
    $1,814,331 

The accompanying notes are
an integral part of these unaudited condensed consolidated financial statements.

4

    NAPC
    Defense, Inc.
  
    CONDENSED
    CONSOLIDATED STATEMENTS OF OPERATIONS
  
    Three
    and nine months ended January 31, 2025 and 2024
  
    UNAUDITED

    For the