Company: BLIS
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0001199835-25-000092
Chunk: 21

Company: NAPC Defense, Inc.
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 0.020
  
    Face Value
     
    12/16/2024
     
    12/25/2025

    10,000

    -

    10.00%
     
    0.020
  
    Face Value
     
    12/18/2024
     
    12/18/2025

    15,000

    -

    10.00%
     
    0.020
  
    Face Value
     
    12/18/2024
     
    12/18/2025

    5,000

    -

    10.00%
     
    0.020
  
    Face Value
     
    12/20/2024
     
    12/19/2025

    250,000

    -

    10.00%
     
    0.020
  
    Face Value
     
    01/16/2025
     
    01/15/2026

    5,000

    -

    10.00%
     
    0.020
  
    Face Value
     
    01/30/2025
     
    01/29/2026

    5,000

    -

    10.00%
     
    0.020

    Unamortized
    discounts

    (319,868
    )

    -

    Balance
    convertible notes payable
     
    $
    642,651

    $
    483,641

NOTE
7 – STOCKHOLDERS’ DEFICIT

Common
Stock

On
June 3, 2024, the Company increased the authorized shares per Nevada Statutes from 200,000,000 to 300,000,000 as filed with the State
of Nevada.

    14

Series
A Preferred Stock

On
May 1, 2020, the Company’s Board authorized the creation of 100 Series A preferred shares. The Series A preferred shares will pay
a quarterly payment based upon gaming revenue sharing, which all 100 Series A preferred shares will receive twenty percent of NAPC Defense,
Inc.’s portion of the game revenue from its game app., which equates to thirteen percent of total game gross revenues. Each Series
A preferred share was priced at $4,000 with a minimum purchase of three