Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 7

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 34,900  
     (17,848)
  
    Increase (decrease) in related party advances 
     (17,272) 
     89,556 
  
    Net cash used in operating activities 
     (248,359) 
     (163,549)

    CASH FLOWS FROM INVESTING ACTIVITIES 

    Capital
    expenditures for leasehold improvements 
     (6,500) 
     - 
  
    Net cash used in
    investing activities 
     (6,500) 
     - 

    CASH FLOWS FROM FINANCING ACTIVITIES 

    Cash proceeds from sale of common stock 
     12,500  
     81,000 
  
    Proceeds from convertible notes payable 
     192,000  
     225,000 
  
    Proceeds from short-term loans 
     38,800  
     788 
  
    Proceeds from exercise of warrants 
     45,357  
     - 
  
    Payments of short-term loans 
     -  
     (62,500)
  
    Payments of related party loans 
     (21,000) 
     (74,000)
  
    Net cash provided by financing activities 
     267,657  
     170,288 

    Net change increase in cash 
     12,798  
     6,739 

    Cash - beginning of the period 
     11,812  
     - 

    Cash - end of the period 
    $24,610  
    $6,739 

    Supplemental disclosures of cash flows 

    Cash paid for interest 
    $-  
    $- 
  
    Cash paid for income taxes 
    $-  
    $- 

    Supplemental disclosures of non-cash investing and financing activities: 

    Common stock issued as satisfaction for contingent liability 
    $-  
    $173,653 
  
    Warrants issued with convertible notes 
    $64,962  
    $100,978 
  
    Warrants issued with the sale of common stock 
    $-  
    $10,500 
  
    Conversion of notes payable & accrued interest 
    $62,180  
    $236,000 
  
    Common stock issued as commitment fees 
    $82,229