Company: BLIS
Filing Date: 2025-09-11
Form Type: 10-K
Source: 0001199835-25-000302
Chunk: 9

Company: NAPC Defense, Inc.
Filing Date: 2025-09-11
Form: 10-K
Item: Item 8
Chunk 9
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 included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or
fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides
a reasonable basis for our opinion.

Critical
Audit Matters

Critical
audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be
communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and
(2) involved our especially challenging, subjective, or complex judgments. We determined that there were no critical audit matters.

  We                                                          
  PCAOB                                                       
  August                                                      
  3702                                                        

F-4

  NAPC                        
  Defense, Inc.               
  CONSOLIDATED                
  BALANCE SHEETS              
  As                          
  of April 30, 2025 and 2024  
 ──────────────────────────────

                                                                                                  April                         April                     
                                                                                                  30, 2025                      30, 2024                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  ASSETS                                                                                                                                                  
  Current assets:                                                                                                                                         
  Cash                                                                                            $                 11,812      $                      -  
  Prepaid listing fees                                                                                               4,640                             -  
  Prepaid consulting fees                                                                                                -                        54,599  
  Total current assets                                                                                              16,452                        54,599  
  Prepaid product rights                                                                                                 -                     1,615,000  
  Security deposit                                                                                                       -                         1,000  
  Assets of discontinued operations, non-current                                                                         -                       143,732  
  Total Assets                                                                                    $                 16,452      $              1,814,331  
  LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                    
  Current liabilities:                                                                                                                                    
  Accounts payable                                                                                $                 25,000      $                 17,536  
  Accrued interest                                                                                                 115,996                       287,577  
  Related party advances                                                                                            17,726                             -  
  Customer deposits                                                                                                  8,700                         8,700  
  Convertible