Company: BLIS
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0001199835-25-000092
Chunk: 103

Company: NAPC Defense, Inc.
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 4
Chunk 103
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Management’s
Responsibility for Controls and Procedures

The
Company’s management is responsible for establishing and maintaining adequate internal control over the Company’s financial
reporting. The Company’s controls over financial reporting are designed under the supervision of the Company’s President
and Principal Financial Officer to ensure that information required to be disclosed by the Company in the reports that the Company files
or submits under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is accumulated and communicated to
the Company’s management, including the Company’s principal executive officer and principal financial officer, or persons
performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Evaluation
of Disclosure Controls and Procedures

Under
the supervision and with the participation of our President and Chief Financial Officer, the Company conducted an evaluation of the effectiveness
of the design and operation of its disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under
the Exchange Act, as of January 31, 2025. Based on this evaluation, management concluded that our financial disclosure controls
and procedures were not effective so as to timely record, process, summarize and report financial information required to be included
on our Securities and Exchange Commission (“SEC”) reports due to the Company’s limited internal resources and lack
of ability to have multiple levels of transaction review. However, as a result of our evaluation and review process, management believes
that the financial statements and other information presented herewith are materially correct.

Internal
Control Over Financial Reporting

As
of January 31, 2025, under the supervision and with the participation of our management, we conducted an evaluation of the effectiveness
of the design and operations of our internal control over financial reporting, as defined in Rules 13a-15(f) or 15d-15(f) promulgated
under the Securities Exchange Act of 1934 and based on the criteria for effective internal control described in Internal Control –
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (as revised). Based on our evaluation,
management concluded that our internal control over financial reporting was not effective so as to timely record, process, summarize
and report financial information required to be included on our Securities and Exchange Commission (“SEC”) reports due to
the Company’s limited internal resources and lack of ability to have multiple levels of transaction review. However, as a result
of our evaluation and review process, management believes that the financial