Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 94

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 31, 2025 the Company incurred net losses of $584,252 versus net losses of $435,863, for
three month period ended July 31, 2024. The increase in net loss of $148,389 during the three month period ended July 31, 2025 was primarily
due to increases in loss from other expenses.

Deemed
Dividend

During
the three month period ended July 31, 2025, the Company had a deemed dividend of $117,629 related to a price protection exercise price
adjustment on warrants.

Net
Loss Applicable To Common Stockholders

During
the three month period ended July 31, 2025, net loss applicable to common stockholders was $701,881. During the three month period ended
July 31, 2024, net loss applicable to common stockholders was $435,863.

Liquidity
and capital resources

As
at July 31, 2025, our total assets were $136,902 and our total liabilities were $1,582,743.

As
at July 31, 2025, our current assets were $27,708 and current liabilities were $1,514,311.

As
of July 31, 2025 our total stockholders’ deficit was $1,445,841.

As
of July 31, 2025 we had a working capital deficit of $1,486,603.

24

Cash
flows from operating activities

For
the three months ended July 31, 2025 net cash flows used in operating activities was $248,359.

For
the three months ended July 31, 2024 net cash flows used in operating activities was $163,549.

The
increase in cash used in operating activities is primarily attributable to an increase in the net loss and the amortization of debt
discount.

Cash
flows from investing activities

For
the three months ended July 31, 2025 net cash flow used in investing activities was $6,500.

For
the three months ended July 31, 2024 net cash flow used in investing activities was $0.

Cash
flows from financing activities

For
the three months ended July 31, 2025 we have generated $267,657 in cash flows from financing activities.

For
the three months ended July 31, 2024 we have generated $170,288 in cash flows from financing activities.

The
increase