Company: BLIS
Filing Date: 2025-03-10
Form Type: 10-Q/A
Source: 0001199835-25-000067
Chunk: 29

Company: NAPC Defense, Inc.
Filing Date: 2025-03-10
Form: 10-Q/A
Chunk 29
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 assurances that we will be able to raise additional capital. Based on its historical rate of expenditures, the Company expects to expend its available cash in less than one month from February 26, 2025.

Summary of the Six Months Ended October 31, 2024 Results of Operations Compared to the Six Months Ended October 31, 2023 Results of Operations

Revenue

The Company generated $67,467 in revenue during the six month period ended October 31, 2024 and $0 revenue during the six month period ended October 31, 2023. The Company has determined that the revenue generated during the three month period ended is uncollectible.

Operating Expenses

Operating expenses were $529,229
during the six month period ended October 31, 2024 versus $387,861 during the six month period ended October 31, 2023, a year-over-year
increase of approximately 36%. The Company incurred boat expenses of $5,675 during the six month period ended October 31, 2024 as compared
to boat expenses of $93,200 during the six month period ended October 31, 2023, a decrease of approximately 94%. Professional fees were
$15,171 in 2024 versus $2,062 in 2023, an increase of 636%. Consulting and accounting fees were $131,246 during the six month period
ended October 31, 2024 and $155,462 during the six month period ended October 31, 2023, a decrease of 16%. During the six month period
ended October 31, 2024 general and administrative expenses were $178,530, during the six month period ended October 31, 2023 they were
$30,719, an increase of approximately 481%. Legal fees were $35,650 during the six month period ended October 31, 2024 versus $14,125
during the six month period ended October 31, 2023, a year-over-year increase of approximately 151%. There were $418 in labor expenses
during the six month period ended October 31, 2024 versus $73,992 in During the six month period ended October 31, 2023. The decrease
in labor expense is attributable to decreased exploration during the six month period ended October 31, 2024. Rent expenses were $155,000
in 2024 versus $9,600 during the six month period ended October