Company: BLIS
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0001199835-25-000092
Chunk: 6

Company: NAPC Defense, Inc.
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
    Stock compensation 
     11,025  
     94,663 
  
    Amortization of debt discount 
     134,197  
     - 
  
    Amortization of prepaid consulting fees 
     43,574  
     - 
  
    Financing fees paid by issuance of common stock 
     277,050  
     - 
  
    Loss on impairment of assets 
     140,296  
     - 
  
    Bad debt expense 
     67,467  
     - 
  
    Increase (decrease) in accounts receivable 
     (67,467) 
     - 
  
    Loss on extinguishment of debt 
     123,653  
     - 
  
    Changes in operating assets and liabilities: 

    Increase (decrease) in accounts payable 
     (17,536) 
     25,885 
  
    Increase (decrease) in accrued expenses 
     157,382  
     (5,899)
  
    Increase (decrease) in related party advances 
     16,310  
     - 
  
    Net cash from operating activities 
     (639,609) 
     (380,148)

    CASH FLOWS FROM FINANCING ACTIVITIES 

    Proceeds from sale of common stock 
     95,000  
     - 
  
    Proceeds from convertible notes payable 
     620,000  
     - 
  
    Proceeds (repayments) from short-term loans 
     (59,705) 
     70,225 
  
    Proceeds (repayments) from related party convertible
    loans 
     -  
     103,201 
  
    Net cash from financing activities 
     655,295  
     173,426 

    Net increase (decrease) in cash 
     15,686  
     (206,722)

    Cash - beginning of the period 
     -  
     206,722 

    Cash - end of the period 
    $15,686  
    $- 

    Supplemental disclosures of cash flows: 

    Cash paid for interest 
    $-  
    $- 
  
    Cash paid for income taxes 
    $-  
    $- 

    Supplemental disclosures of non