Company: BLIS
Filing Date: 2025-03-10
Form Type: 10-Q/A
Source: 0001199835-25-000067
Chunk: 35

Company: NAPC Defense, Inc.
Filing Date: 2025-03-10
Form: 10-Q/A
Chunk 35
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 Board (PCAOB) auditing standard 5) or combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has determined that a material weakness exists due to a lack of segregation of duties, resulting from the Company’s limited resources and personnel.

Remediation Efforts to Address Deficiencies in Internal Control Over Financial Reporting

As a result of these findings, management, upon obtaining sufficient capital and operations, intends to take practical, cost-effective steps in implementing internal controls, including the possible remedial measures set forth below. As of October 31, 2024, we did not have sufficient capital and/or operations to implement any of the remedial measures described below.

| * | Assessing                                                                                                                               
 the current duties of existing personnel and consultants, assigning additional duties to existing personnel and consultants, and,       
 in a cost effective manner, potentially hiring additional personnel to assist with the preparation of the Company’s financial           
 statements to allow for proper segregation of duties, as well as additional resources for control documentation.                        |
| * | Assessing                                                                                                                               
 the duties of the existing officers of the Company and, in a cost effective manner, possibly promote or hire additional personnel       
 to diversify duties and responsibilities of such executive officers.                                                                    |
| * | Board                                                                                                                                   
 to review and make recommendations to shareholders concerning the composition of the Board of Directors, with particular focus on       
 issues of independence. The Board of Directors will consider nominating an audit committee and audit committee financial expert,        
 which may or may not consist of independent members.                                                                                    |
| * | Interviewing                                                                                                                            
 and potentially hiring outside consultants that are experts in designing internal controls over financial reporting based on criteria   
 established in Internal Control Integrated Framework issued by Integrated Framework issued by the Committee of Sponsoring Organizations 
 of the Treadway Commission (“COSO”) (as revised).                                                                                       |

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only management’s report in this annual report.

(b) Change in Internal Control Over Financial Reporting

The Company has not made any change in our internal control over financial reporting during the six month period ended October 31, 2024.

PART II. OTHER INFORMATION

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