Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 32

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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00%
     
    0.020
  
    Face Value
     
    07/02/2025
     
    10/01/2025

    55,000

    -

    10.00%
     
    0.020
  
    Face Value
     
    07/18/2025
     
    08/02/2025

    27,500

    -

    10.00%
     
    0.020
  
    Face Value
     
    07/21/2025
     
    10/21/2025

    13,750

    -

    10.00%
     
    0.020

    Unamortized
    discounts

    (220,863
    )

    (263,273)

    Balance
    convertible notes payable

    $
    1,085,387

    $
    806,787

*Notes
that were in default as of July 31, 2025 due to non payment of principal and/or accrued interest.

    17

Accrued
Interest

As
of July 31, 2025 and April 30, 2025, the balance of accrued interest for the Company’s convertible notes payable was $134,733 and
$108,059, respectively.

As
of July 31, 2025 and April 30, 2025, the balance of accrued interest for the Company’s related party short term loans was $2,230
and $757, respectively.

As
of July 31, 2025 and April 30, 2025, the balance of accrued interest for the Company’s short term loans was $6,514 and $5,927,
respectively.

As
of July 31, 2025 and April 30, 2025, the balance of accrued interest for the Company’s related party convertible loans was $1,358
and $1,253, respectively.

NOTE
7 – STOCKHOLDERS’ DEFICIT

Common
Stock

On
February 20, 2025, the Company filed with the State of Nevada to increase the authorized shares of the Corporation from 300,000,000 common
shares to 500,000,000 common shares. Such filing was processed to be effective with the State of Nevada on February 20, 2025. At
July 31,