Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 6

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     (584,252) 
     (584,252)

    Balance - July 31, 2025 
     51  
    $-  
     271,380,682  
    $271,398  
     687,500  
    $118,500  
    $7,313,623  
    $(9,149,362) 
    $(1,445,841)

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

6

    NAPC
    Defense, Inc.
  
    CONDENSED
    CONSOLIDATED STATEMENTS OF CASH FLOWS
  
    UNAUDITED

    For the Three Months Ended 

    July 31, 2025  
    July 31, 2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES 

    Net income (loss) 
    $(584,252) 
    $(435,863)
  
    Adjustment to reconcile net loss to net cash used in operating activities: 

    Depreciation 
     89  
     3,436 
  
    Amortization of debt discount 
     192,792  
     14,990 
  
    Warrants granted for services 
     17,857  
     - 
  
    Financing fees 
     100,312  
     79,316 
  
    Loss on impairment of assets 
     -  
     22,340 
  
    Loss on extinguishment of debt 
     -  
     123,653 
  
    Amortization of right of use asset 
     491  
     - 
  
    Changes in operating assets and liabilities: 

    (Increase) decrease in security deposits 
     (4,900) 
     - 
  
    Increase (decrease) in accounts receivable 
     -  
     (67,467)
  
    (Increase) decrease in prepaid expenses 
     1,542  
     17,287 
  
    Increase (decrease) in accounts payable 
     10,082  
     7,051 
  
    Increase (decrease) in accrued interest payable