Company: NTCS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008352
Chunk: 6

Company: Natics Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 6
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’s financial position, results
of operations and cash flows for the interim periods presented in conformity with US GAAP. These unaudited consolidated financial statements
should be read in conjunction with the consolidated financial statements and notes thereto for the year ended April 30, 2025. Interim
results are not necessarily indicative of the results that may be expected for a full year or any other interim period.

Revenue

In accordance with ASC 606, revenue is measured
based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

During the three and six months period ended October 31, 2025, we have
generated $7,200 and $20,400 revenue.

Use of Estimates

The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount
of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments
with the original maturities of three months or less to be cash equivalents. The Company issued 3,000,000 common shares for $300 at par
value $0.0001 for the purpose of taking care of financial operations for the Company by the director Guy Pirotsky.

     9 

Mobile Application and Website development
- amortization

The Company is using straight - line amortization
for our mobile application and website since they are fully operational as of April 30, 2022.

Mobile Application and Website – $43,000.

Term of amortization – 60 months (5 years)

As of October 31, 2025 the company’s accumulated
amortization was $4,302.

Interest Payable Note

The Company holds Promissory note payable of $43,000,
as per contract the company has to pay interest of 10% annually. As of October 31, 2025 the Company’s Interest payable is $15,050.

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and
Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy
prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

    Level 1:
    defined