Company: BLIS
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0001199835-25-000092
Chunk: 78

Company: NAPC Defense, Inc.
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 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 statements and other information presented herewith are
materially correct.

The
management including its Principal Executive Officer/Principal Financial Officer, does not expect that its disclosure controls and procedures,
or its internal controls over financial reporting will prevent all error and all fraud. A control system no matter how well conceived
and operated, can provide only reasonable not absolute assurance that the objectives of the control system are met. Further, the design
of the control system must reflect the fact that there are resource constraints, and the benefit of controls must be considered relative
to their costs.

Because