Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 46

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 available cash in less than one month from the issuance
date of these financial statements.

Summary
of the Three Months Ended July 31, 2025 Results of Operations Compared to the Three Months Ended July 31, 2024 Results of Operations

Revenue

The Company recorded revenue 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