Company: BLIS
Filing Date: 2025-09-11
Form Type: 10-K
Source: 0001199835-25-000302
Chunk: 43

Company: NAPC Defense, Inc.
Filing Date: 2025-09-11
Form: 10-K
Item: Item 9
Chunk 43
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 are resource constraints, and the benefit of controls must be considered relative
to their costs.

Because
of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues
and instances of fraud, if any, within the Company have been detected.

The
Company has limited resources and as a result, material weaknesses in financial reporting currently exists, because of our limited resources
and personnel, including those described below.

  The                                                                                                                                   

  We                                                                                                           

  We                                                                                                                                         

A
material weakness is a deficiency (within the meaning of the Public Company Accounting Oversight Board (PCAOB) auditing standard 5) or
combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material
misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management
has determined that a material weakness exists due to a lack of segregation of duties, resulting from the Company’s limited resources
and personnel.

Remediation
Efforts to Address Deficiencies in Internal Control Over Financial Reporting

As
a result of these findings, management, upon obtaining sufficient capital and operations, intends to take practical, cost-effective steps
in implementing internal controls, including the possible remedial measures set forth below. As of April 30, 2025, we did not have sufficient
capital and/or operations to implement any of the remedial measures described below.

  Assessing                                                                                                                          

  Assessing                                                                                                                          

  Board                                                                                                                              
  to review and make recommendations to shareholders concerning the composition of the Board of Directors, with particular focus on  
  issues of independence. The Board of Directors will consider nominating an audit committee and audit committee financial expert,   
  which may or may not consist of independent members.                                                                               
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  Interviewing                                                                                                                             

This
annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial
reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules
of the SEC that permit us to provide only management’s report in this annual report.

(b)
Change in Internal Control Over Financial Reporting

The
Company has not made any change in our internal control over financial reporting during the year ended April 30, 2025.

Item
9B. Other Information.