Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 102

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 2
Chunk 102
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Forward-looking
statements

Statements
made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe
harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act
of 1934. These statements often can be identified by the use of terms such as “may,” “will,” “expect,”
“believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the
negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution
readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking
statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject
to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from
historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to
revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence
of anticipated or unanticipated events.

Financial
information contained in this report and in our financial statements is stated in United States dollars and are prepared in accordance
with United States generally accepted accounting principals.

Description
of Business

NAPC
Defense, Inc. (the “Company”) was incorporated in the State of Nevada on January 24, 2016 as Beliss Corp. The Company changed
its name on April 1, 2024, to NAPC Defense, Inc. with the State of Nevada to reflect its new business focus. The Company is engaged in
activities in the defense and security industries, including weapons systems, tactical platforms such as CornerShot®, and other technologies
designed for use by military, paramilitary, and law enforcement agencies.

The
Company’s strategy includes:

●Weapons
Systems – Development and adaptation of specialized firearms platforms, including the CornerShot® system, which allows
operators to engage threats from protected positions.

●Non-Lethal
Solutions – Exploration and development of non-lethal weapons designed for law enforcement and crowd control, providing alternatives
to traditional force.

●Protective
Systems – Research and potential acquisition of protective technologies, including ballistic shields, armor solutions, and
personal protective equipment for