Company: NTCS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008352
Chunk: 16

Company: Natics Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 16
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be necessary should the Company be unable to continue as a going concern.

The extent of the impact of the coronavirus (“COVID-19”)
outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak
and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot
be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially
adversely affected.

     8 

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

Basis of Presentation

The accompanying financial statements have been
prepared in accordance with generally accepted accounting principles in the United States of America.

The Company’s year-end is April 30.

The accompanying unaudited consolidated financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”)
and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information
and notes required by US GAAP for complete financial statements of the Company. In the opinion of management, these financial statements
reflect all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results
of operations and cash flows for the interim periods presented in conformity with US GAAP. These unaudited consolidated financial statements
should be read in conjunction with the consolidated financial statements and notes thereto for the year ended April 30, 2025. Interim
results are not necessarily indicative of the results that may be expected for a full year or any other interim period.

Revenue

In accordance with ASC 606, revenue is measured
based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

During the three and six months period ended October 31, 2025, we have
generated $7,200 and $20,400 revenue.

Use of Estimates

The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount
of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments
with the original maturities of three months or less to be cash equivalents. The