Company: BLIS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0001199835-25-000051
Chunk: 31

Company: NAPC Defense, Inc.
Filing Date: 2025-02-26
Form: 10-Q
Item: Part I, Item 4
Chunk 31
---
 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, a material weakness in financial reporting currently exists, because of our limited resources
and personnel, including those described below.

  The                                                                                                                                          
  We                                                                                                                                           
  We                                                                                                                                           

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 interim financial statements will not be prevented or detected on a timely basis. Management
has determined that a material weakness exists due to a lack of segregation of duties, resulting from the Company’s limited resources
and personnel.

Remediation
Efforts to Address Deficiencies in Internal Control Over Financial Reporting

As
a result of these findings, management, upon obtaining sufficient capital and operations, intends to take practical, cost-effective steps
in implementing internal controls, including the possible remedial measures set forth below. As of October 31, 2024, we did not have
sufficient capital and/or operations to implement any of the remedial measures described below.

  Assessing                                                                                                                                
  Assessing                                                                                                                                
  Board                                                                                                                                    
  Interviewing                                                                                                                             

This
annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial
reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules
of the SEC that permit us to provide only management’s report in this annual report.

(b)
Change in Internal Control Over Financial Reporting

The
Company has not made any change in our internal control over financial reporting during the six month period ended October 31, 2024.

PART
II. OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS