Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 85

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 8
Chunk 85
---
 categorized
its treasure and shipwreck recovery business as discontinued operations for the three month periods ended July 31, 2025 and 2024.

The
operating results for discontinued operations have been presented in the accompanying consolidated statements of operations for the three
month period ended July 31, 2025 and 2024, respectively, as discontinued operations and are summarized below:

Schedule
of Statement of Operations and Balance Sheet as Discontinued Operations 

    July 31, 2025  
    July 31, 2024 
  
    Total revenue 
    $-  
    $- 
  
    Operating expenses 
     -  
     - 
  
    Income from operations 
     -  
     - 
  
    Other expenses 
     -  
     - 
  
    Loss from operations of discontinued operations 
    $-  
    $31,869 

The
assets and liabilities of the discontinued operations at July 31, 2025 and April 30, 2025 are summarized below: 

    July 31, 2025  
    April 30, 2025 
  
    Current assets 
    $-  
    $- 
  
    Other assets 
     -  
     - 
  
    Total Assets of discontinued operations, current 
     -  
     - 

    Property and equipment, net 
     -  
     - 
  
    Assets of discontinued operations, non-current 
     -  

    Total Assets 
    $-  
    $- 

    Contingent liability 
     -  
     - 
  
    Liabilities of discontinued operations, current 
     -  
     - 

    Liabilities of discontinued operations, non-current 
     -  
     - 
  
    Total Liabilities 
    $-  
    $- 

    20

Property
and equipment

Fixed
assets, at cost, for the discontinued operations consisted of the following at July 31, 2025 and April 30, 2025:

Schedule
of Discontinued Operations Property and Equipment 

    Fixed Assets 
     July 31, 2025  
     April 30, 2025 
  
    Diving Vessel 
    $-  
    $36,390 
  
    Magnetometer 
     -  
     -