Company: BLIS
Filing Date: 2025-09-19
Form Type: 10-K/A
Source: 0001199835-25-000330
Chunk: 10

Company: NAPC Defense, Inc.
Filing Date: 2025-09-19
Form: 10-K/A
Chunk 10
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 $315,070, consulting and accounting
expense of $274,864, legal fees of $42,942, research and development expenses of $15,632, and professional fees of $4,054.

During the year ended April
30, 2024, the Company incurred consulting and accounting expense of $248,722, general and administrative expense of $94,345, legal fees
of $17,040, professional fees of $14,300, and rent expense of $9,600.

Total operating expenses were
$2,484,960 for the year ended April 30, 2025 versus $384,007 for the year ended April 30, 2024, an increase of $2,100,953 in 2025 or
547.1%. The increase in operating expenses for the year ended April 30, 2025 is largely attributable to increases in general and administrative
expense of $1,738,053 which includes impairment expense of $1,755,296, rent expense of $305,470, consulting and accounting expense of
$26,142, legal fees of $25,902, and research and development of $15,632. These increases offset decreases in professional fees of $10,246.

<div align='center'>7</div>

Other Expenses

Total other expenses were $748,307 during the year
ended April 30, 2025 and $128,266 during the year ended April 30, 2024, an increase of $620,041 or 483.4% in 2025. Other expenses increased
during the year ended April 30, 2025 primarily due to increases of $314,772 for financing fees, $248,667 for amortization of debt discount,
$57,646 decrease in interest expense, $67,000 for fair value of warrants , and $47,998 for loss on extinguishment of debt.

Total other expenses were $128,266 during the year
ended April 30, 2024 which was all related to interest expenses.

Discontinued Operations

During the year ended April 30, 2025, the Company
had a loss from operations of discontinued operations of $143,732.

During the year ended April 30, 2024, the Company
had a loss from operations of discontinued operations of $199,713.

Net Loss

For the year ended April 30, 2025 the Company incurred
net losses of $3,376,