Company: BLIS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0001199835-25-000051
Chunk: 13

Company: NAPC Defense, Inc.
Filing Date: 2025-02-26
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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      10.00%           0.100  
                                         12/06/2021      02/06/2023                         70,666      70,666       10.00%           0.100  
                                         06/16/2024      06/16/2025                        150,000      -            10.00%           0.028  
                                         07/03/2024      07/03/2025                         75,000      -            10.00%           0.028  
                                         08/12/2024      08/12/2025                         30,000      -            10.00%           0.020  
                                         10/17/2004      10/17/2025                         75,000      -            10.00%           0.020  
  Unamortized discounts                                                                   (203,589      -                                    
  Balance convertible notes payable                                      $                 495,461      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.

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 Series A preferred shares and are only eligible to be purchased
by accredited investors. Each Series A preferred share will receive one one hundredth of twenty percent of NAPC Defense, Inc.’s
game net as revenue sharing. Each Series A preferred share will continue to exist, unless the game app. is sold to another entity, at
which time the Series A preferred shareholders will receive their same percentage of the game sales proceeds price, if or when such occurs.
The Series A preferred shares are not convertible into common shares and are subject to all other restrictions on securities as set forth.

At