Company: BLIS
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001199835-25-000342
Chunk: 49

Company: NAPC Defense, Inc.
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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policies and procedures to make sure it is compliant with various regulatory requirements, especially that of Section 404 of the Sarbanes-Oxley
Act of 2002. This additional corporate governance time required of management could limit the amount of time management has to implement
its business plan and impede the speed of its operations.

Recently
Issued Accounting Pronouncements

The
Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on
the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements
that have been issued that might have a material impact on its financial position or results of operations.

Off-Balance
Sheet Arrangements

The
Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial
condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

25

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

None

ITEM
4. CONTROLS AND PROCEDURES

Management’s
Responsibility for Controls and Procedures

The
Company’s management is responsible for establishing and maintaining adequate internal control over the Company’s financial
reporting. The Company’s controls over financial reporting are designed under the supervision of the Company’s President
and Principal Financial Officer to ensure that information required to be disclosed by the Company in the reports that the Company files
or submits under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is accumulated and communicated to
the Company’s management, including the Company’s principal executive officer and principal financial officer, or persons
performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Evaluation
of Disclosure Controls and Procedures

Under
the supervision and with the participation of our President and Chief Financial Officer, the Company conducted an evaluation of the effectiveness
of the design and operation of its disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under
the Exchange Act, as of July 31, 2025. Based on this evaluation, management concluded that our financial disclosure controls and procedures
were not effective so as to timely record, process, summarize and report financial information required to be included on our Securities
and Exchange Commission (“SEC”) reports due to the Company’s limited internal resources and lack of ability