Company: BLIS
Filing Date: 2025-09-19
Form Type: 10-K/A
Source: 0001199835-25-000330
Chunk: 2

Company: NAPC Defense, Inc.
Filing Date: 2025-09-19
Form: 10-K/A
Chunk 2
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27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Financial information contained in this report and in our financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles (“GAAP”).

Item 1. Description of Business

Overview

Description of Business

NAPC Defense, Inc. (the “Company”) was incorporated in the State of Nevada on January 24, 2016 as Beliss Corp. The Company changed its name on April 1, 2024, to NAPC Defense, Inc. with the State of Nevada to reflect its new business focus. The Company is engaged in activities in the defense and security industries, including weapons systems, tactical platforms such as CornerShot®, and other technologies designed for use by military, paramilitary, and law enforcement agencies.

The Company’s strategy includes:

| ● | Weapons                                                                                    
 Systems – Development and adaptation of specialized firearms platforms, including          
 the CornerShot® system, which allows operators to engage threats from protected positions. |

| ● | Non-Lethal                                                                     
 Solutions – Exploration and development of non-lethal weapons designed for law 
 enforcement and crowd control, providing alternatives to traditional force.    |

| ● | Protective                                                                                     
 Systems – Research and potential acquisition of protective technologies, including             
 ballistic shields, armor solutions, and personal protective equipment for defense and security 
 personnel.                                                                                     |

| ● | Research                                                                          
 and Development (R&D) – Establishing partnerships and internal programs to        
 identify emerging defense technologies and advance