Company: BLIS
Filing Date: 2025-09-19
Form Type: 10-K/A
Source: 0001199835-25-000330
Chunk: 49

Company: NAPC Defense, Inc.
Filing Date: 2025-09-19
Form: 10-K/A
Chunk 49
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 Act of 1934 and based on the criteria for effective internal control described in Internal Control – Integrated Frameworkissued by the Committee of Sponsoring Organizations of the Treadway Commission (as revised). Based on our evaluation, management concluded that our internal control over financial reporting was not effective so as to timely record, process, summarize and report financial information required to be included on our SEC reports due to the Company’s limited internal resources and lack of ability to have multiple levels of transaction review. However, as a result of our evaluation and review process, management believes that the financial statements and other information presented herewith are materially correct.

The management including its Principal Executive Officer/Principal Financial Officer, does not expect that its disclosure controls and procedures, or its internal controls over financial reporting will prevent all error and all fraud. A control system no matter how well conceived and operated, can provide only reasonable not absolute assurance that the objectives of the control system are met. Further, the design of the control system must reflect the fact that there are resource constraints, and the benefit of controls must be considered relative to their costs.

Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected.

The Company has limited resources and as a result, material weaknesses in financial reporting currently exists, because of our limited resources and personnel, including those described below.

| * | The                                                                                                                                  
 Company has an insufficient quantity of dedicated resources and experienced personnel involved in preparing the Company’s accounting 
 records and financial statements. As a result, a material misstatement of the interim and annual financial statements could occur    
 and not be prevented or detected on a timely basis.                                                                                  |

| * | We                                                                                                          
 have not achieved the optimal level of segregation of duties relative to key financial reporting functions. |

| * | We                                                                                                                                        
 do not have an audit committee or an independent audit committee financial expert. While not being legally obligated to have an audit     
 committee or independent audit committee financial expert, it is management’s view that to have an audit committee, comprised             
 of independent board members, and an independent audit committee financial expert is an important entity-level control over the Company’s 
 financial statements.                                                                                                                     |

A material weakness is a deficiency (within the meaning of the Public Company Accounting Oversight Board (PCAOB) auditing standard 5) or combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company’s annual or