Every 10-K that BELISS CORP (BLIS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BLIS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BLIS filings page.
NAPC Defense, Inc. (BLIS) filed an amended annual report for the year ended April 30, 2026, primarily to add iXBRL exhibits and correct a minor typographical error; all business and financial disclosures are unchanged from the original filing. The company has transitioned fully into the defense and security sector, focusing on CornerShot® systems, ballistic protection, small arms, munitions brokering, and armored vehicles, and generated $1,421,220 in related-party revenue from subcontracting on U.S. Department of Defense contracts.
Despite this revenue, cost of sales of $2,112,770 produced a negative gross profit, and the company recorded a net loss of $2,882,376 and a stockholders’ deficit of $2,097,219. Current liabilities of $2,936,045 and a working capital deficit of $2,127,166 led the auditor and management to state substantial doubt about the company’s ability to continue as a going concern. Operations have been funded largely through highly dilutive convertible promissory notes and warrants, increasing common shares outstanding to 444,899,171 at April 30, 2026 and 491,254,930 by August 13, 2026. The stock trades thinly on the Pink Sheets with significant price volatility and no dividends paid.
NAPC Defense, Inc. reports results for the year ended April 30, 2026 as it pivots fully into defense and law-enforcement technologies, including CornerShot® systems and DoD subcontract management. The company generated $1,421,220 in related-party revenue from managing Department of Defense contracts but recorded cost of sales of $2,112,770, producing a negative gross profit.
Operating expenses fell sharply to $1,353,302 from $2,484,960, mainly from lower general and administrative and rent costs, while other expenses rose to $837,524 driven by higher amortization of debt discounts and interest. Net loss narrowed to $2,882,376, with net loss applicable to common stockholders of $3,138,472 after a $256,096 deemed dividend from warrant price protection.
Liquidity remains strained: at April 30, 2026 cash was $718,440 against current liabilities of $2,936,045, a working capital deficit of $2,127,166 and stockholders’ deficit of $2,097,219. Management and the auditor highlight substantial doubt about the company’s ability to continue as a going concern, given recurring losses, heavy use of convertible promissory notes and warrants, and notes already in default that could lead to asset foreclosure and significant shareholder dilution.
NAPC Defense, Inc. (BLIS) amended its annual report and disclosed a going concern uncertainty, stating it needs additional working capital and is seeking debt, equity, or combined financing. The company increased authorized common shares to 500,000,000 and reported 238,251,927 shares issued as of April 30, 2025. Management impaired intellectual property of $1,615,000 to zero because no sales or licenses were closed by that date. Convertible instruments and warrants significantly dilute equity: 127,072,970 shares underlying convertible notes and 11,867,909 underlying warrants are noted, with numerous warrants issued at low exercise prices. A full valuation allowance was maintained on deferred tax assets. Several reclassifications and discontinued-operations adjustments were made to prior-year amounts.