Company: NTCS
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001683168-25-004268
Chunk: 188

Company: Natics Corp.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 6
Chunk 188
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Stock shall be identical to the Voting Common Stock, except for the right of first refusal that attaches to the Non-Voting Common Stock,
as explained in the Company’s Bylaws.

NOTE 5 – COMMITMENTS AND CONTINGENCIES

In the normal course of business, the Company
may become a party to litigation matters involving claims against it. At April 30, 2025, there are no current matters that would have
a material effect on the Company’s financial position or results of operations.

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
and adversely affected.

NOTE 6 – INTANGIBLE ASSETS

The Company purchased and possesses an asset in
a form of the website and mobile application concerned with online workouts. The Company purchased the website and mobile application
for $43,000 and is amortizing the asset straight-line over its five year useful life or $8,600 per year.

Balances as of April 30, 2025 and April 30, 2024
are as follows:

    April 30, 2025 
    April 30, 2024

    Intangible Assets Purchased 
    $25,792  
    $34,396 
  
    Accumulated Amortization 
     (8,604) 
     (8,604)
  
    Net Book Value 
    $17,188  
    $25,792 

     F-11 

NOTE 7 – RELATED PARTY TRANSACTIONS

Mr. Pirotsky currently devotes approximately thirty hours per week
to manage our affairs.

The sole officer and director, Guy Pirotsky, is
the only related party with whom the Company had transactions with during the period from inception on February 21, 2022 through April
30, 2025. During the year ended April 30, 2025, Mr. Pirotsky paid $25,406 for operating expenses on behalf of the Company. The amounts
due to the related party are unsecured and non-interest bearing with no set terms of repayment.

NOTE 8 – INCOME TAXES