NAPC Defense, Inc. Financial Summary

Complete Filing Data

NAPC Defense, Inc. reported Stockholders Equity of -$870.9 thousand for FY2022.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean NAPC Defense, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Net Income *-$712.0K-$941.1K-$2.1M-$583.8K-$592.2K-$48.6K-$39.5K-$814.00
Operating Expenses$583.7K$549.0K$658.8K$604.0K$592.2K$62.7K$54.6K-$814.00
General And Administrative Expense$94.3K$80.1K$112.6K$42.0K$56.3K$36.9K$54.6K$814.00
Operating Income Loss-$583.7K-$464.0K-$658.8K-$604.0K-$592.2K-$48.6K-$39.5K
Other General And Administrative Expense$248.7K$148.8K$119.2K$286.8K$106.0K$8.5K
Net Income Loss Attributable To Noncontrolling Interest$712.0K$941.1K$2.1M$583.8K
Interest Expense$128.3K$477.1K$774.8K
Revenues$85.0K$14.2K$15.2K$0.00
Gross Profit$85.0K$14.2K$15.2K$0.00
Research And Development Expense$8.3K$8.0K$20.0K$120.0K
Other Nonoperating Income Expense-$128.3K-$477.1K-$1.4M$20.2K
Income Loss From Discontinued Operations Net Of Tax-$39.5K-$814.00
Income Taxes Paid Net$0.00$0.00
Cost Of Revenue$11.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q1 2024Q4 2023Q3 2023Q1 2023Q4 2022Q3 2022Q1 2022Q4 2021Q3 2021Q1 2021Q4 2020Q3 2020Q1 2020Q4 2019Q3 2019Q1 2019Q4 2018Q3 2018Q1 2018Q4 2017Q3 2017
Net Income *-$290.3K-$897.4K-$584.3K-$639.2K-$453.9K-$435.9K-$87.7K-$161.5K-$258.5K-$14.0K-$200.9K-$148.4K-$316.7K-$384.9K-$490.1K-$132.8K-$92.1K-$200.7K-$148.9K-$119.8K-$2.5K-$11.1K-$596.00$145.00-$18.0K$1.3K-$3.9K
Operating Expenses$152.3K$700.9K$258.1K$259.5K$182.4K$315.0K$74.9K$243.9K$14.8K$107.3K$94.2K$132.8K$174.6K$200.7K$148.9K$119.8K$2.5K$11.1K$595.00$15.2K-$23.0K-$3.7K-$8.9K
General And Administrative Expense$18.1K$536.0K$29.9K$71.6K$18.7K$137.5K$625.00$26.0K$4.3K$13.6K$36.3K$7.2K$35.2K$16.2K$14.1K$2.0K$2.5K$11.1K$2.0K$15.2K$23.0K$3.7K$8.9K
Operating Income Loss-$152.3K-$700.9K-$258.1K-$259.5K-$182.4K-$247.5K-$74.9K-$243.9K-$14.8K-$107.3K-$94.2K-$132.8K-$174.6K-$200.7K-$148.9K-$119.8K-$2.5K-$11.1K-$595.00-$1.0K
Other General And Administrative Expense$59.7K$58.4K$152.6K$95.6K$61.6K$69.6K$50.2K$56.7K$3.5K$23.5K$27.6K$95.9K$98.3K$13.3K
Net Income Loss Attributable To Noncontrolling Interest$290.3K$897.4K$584.3K$639.2K$453.9K$435.9K$87.7K$258.5K$14.0K$148.4K$316.7K$132.8K
Interest Expense$46.1K$40.2K$33.1K$23.7K$23.5K$17.8K$12.9K$14.6K-$819.00$41.1K$222.5K
Revenues$67.5K$0.00$0.00$14.2K$5.0K$5.0K$5.0K
Gross Profit$67.5K$0.00$0.00$14.2K$5.0K$5.0K$5.0K
Research And Development Expense$6.1K$6.0K$4.1K$0.00
Other Nonoperating Income Expense-$138.0K-$196.5K-$326.2K-$379.7K-$131.2K-$156.5K-$12.9K-$14.6K-$41.1K
Income Loss From Discontinued Operations Net Of Tax-$140.3K-$31.9K-$1.0K-$18.0K-$3.9K
Income Taxes Paid Net$0.00$0.00
Cost Of Revenue

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Stockholders Equity-$870.9K$663.4K-$45.2K$3.4K$2.2K
Retained Earnings Accumulated Deficit-$4.3M-$1.3M-$681.1K-$88.9K-$40.3K-$814.00
Liabilities Current$1.2M$105.9K$127.4K$45.2K$26.1K$7.9K
Assets$368.8K$870.9K$790.7K$0.00$29.5K$2.6K
Liabilities$1.2M$105.9K$127.4K$45.2K$26.1K$10.0K
Accounts Payable Current$12.9K$1.6K$55.5K$1.9K$8.5K$190.00
Assets Current$206.7K$197.8K$6.7K$0.00$8.2K$7.4K
Liabilities And Stockholders Equity$368.8K$870.9K$790.7K$0.00$29.5K
Common Stock Value$43.8K$8.1K$7.4K$5.0K$5.0K
Cash$7.4K
Property Plant And Equipment Net$143.7K$161.1K$36.2K$147.0K$0.00$21.3K$2.6K
Common Stock To Be Issued$118.5K$312.5K$79.5K
Deposits Assets Noncurrent$1.0K$1.0K$1.0K$0.00
Convertible Notes Payable Current$583.6K$25.0K
Amortization Of Debt Discount Premium$0.00$21.1K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$47.0K
Warrants Issued With Convertible Notes Payable
Lease And Rental Expense$9.6K
Fixed Assets Net Of Depreciation$161.1K$36.2K
Cash And Cash Equivalents Period Increase Decrease-$150.8K$191.1K$6.7K-$7.3K-$140.00
Debt Conversion Converted Instrument Amount1$367.6K$324.9K
Other Assets Noncurrent$1.6M$1.0K$637.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect-$206.7K$159.7K
Asset Acquisition Contingent Consideration Liability Current$50.0K
Finite Lived Intangible Assets Net$636.0K$0.00
Other Accrued Liabilities Current$287.6K$399.1K
Warrants Issued With Debt$180.9K$87.8K
Liabilities Noncurrent$7.9K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q1 2020Q4 2019Q3 2019Q1 2019Q4 2018Q3 2018Q2 2018Q1 2018Q4 2017Q2 2017
Stockholders Equity-$1.6M-$1.7M-$1.4M-$1.1M$580.6K$625.9K$944.4K$769.3K-$866.1K-$945.3K-$863.8K-$799.1K-$982.1K-$1.0M-$969.3K-$3.6K$261.7K$646.6K$765.0K$698.2K$706.0K$758.8K$36.4K-$18.9K-$47.7K-$8.2K$3.0K$3.6K$19.2K-$493.00
Retained Earnings Accumulated Deficit-$10.3M-$10.0M-$9.1M-$8.4M-$6.5M-$5.0M-$4.8M-$4.5M-$3.7M-$3.3M-$2.5M-$1.1M-$973.9K-$881.8K-$360.0K-$211.1K-$91.4K-$51.9K-$40.7K-$41.3K-$21.5K-$3.5K
Liabilities Current$1.7M$1.8M$1.5M$1.2M$1.1M$1.0M$1.0M$1.0M$998.9K$950.6K$696.9K$71.9K$71.9K$112.4K$81.9K$81.9K$47.7K$26.2K$16.8K$19.1K$10.6K$15.8K
Assets$163.1K$140.4K$136.9K$16.5K$1.6M$1.8M$149.0K$157.6K$16.8K$79.6K$693.3K$770.1K$777.9K$871.2K$118.3K$62.9K$0.00$17.7K$18.9K$20.1K$22.5K$5.0K
Liabilities$1.8M$1.9M$1.6M$1.2M$1.1M$1.0M$1.0M$1.0M$998.9K$950.6K$696.9K$71.9K$71.9K$112.4K$81.9K$81.9K$47.7K$18.1K$19.7K$21.4K$29.7K
Accounts Payable Current$1.6K$13.0K$28.6K$25.0K$17.5K$38.8K$16.5K$29.8K$30.4K$65.6K$40.5K$1.9K$760.00$2.7K$8.5K$0.00$190.00
Assets Current$69.2K$49.1K$27.7K$16.5K$15.7K$54.6K$47.0K$21.1K$22.4K$18.1K$99.3K$64.0K$4.9K$346.00$824.00$1.4K$7.3K$10.2K
Liabilities And Stockholders Equity$163.1K$140.4K$136.9K$16.5K$1.6M$1.8M$149.0K$157.6K$16.8K$79.6K$693.3K$770.1K$777.9K$871.2K$118.3K$62.9K$0.00$15.3K$10.0K
Common Stock Value$375.2K$334.7K$271.4K$238.3K$231.3K$168.4K$65.2K$54.8K$18.0K$9.5K$9.5K$7.6K$7.4K$7.4K$8.2K$5.5K$5.0K$3.0K$3.0K
Cash$346.00$824.00$970.00$7.3K$5.7K$10.2K$7.4K
Property Plant And Equipment Net$148.0K$156.6K$15.8K$21.6K$25.3K$110.6K$122.8K$134.9K$54.3K$58.0K$17.7K$18.9K$20.1K$5.0K
Common Stock To Be Issued$119.0K$118.5K$118.5K$120.4K$143.5K$118.5K$118.5K$118.5K$118.5K$118.5K$108.0K$212.7K$212.5K$173.3K
Deposits Assets Noncurrent$4.9K$4.9K$4.9K$1.0K$1.0K$1.0K$1.0K$1.0K$11.0K$11.0K$1.0K$1.0K$1.0K
Convertible Notes Payable Current$1.3M$1.4M$1.1M$806.8K$642.7K$483.6K$483.6K$563.6K$770.7K$774.6K$552.0K$552.0K
Amortization Of Debt Discount Premium$91.0K$156.2K$192.8K$79.0K$40.2K$15.0K$21.1K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$25.0K$27.5K$24.6K$11.8K$15.7K$12.9K$6.7K$206.7K$4.5K
Warrants Issued With Convertible Notes Payable$28.9K$9.1K$65.0K$110.4K$56.5K$101.0K
Lease And Rental Expense$43.2K$47.3K$13.0K$75.0K$75.0K$80.0K$9.6K
Fixed Assets Net Of Depreciation$143.7K$148.0K$156.6K$15.8K$21.6K$25.3K
Cash And Cash Equivalents Period Increase Decrease$92.6K-$6.3K
Debt Conversion Converted Instrument Amount1$35.0K$53.9K$131.4K$164.7K$14.1K$25.0K
Other Assets Noncurrent$1.0K$1.0K$1.0K$11.0K$647.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$12.8K$6.7K
Asset Acquisition Contingent Consideration Liability Current$50.0K$50.0K$50.0K$50.0K$50.0K$50.0K$50.0K
Finite Lived Intangible Assets Net$5.2K$5.8K$6.4K$636.0K$636.0K$636.0K$636.0K$636.0K
Other Accrued Liabilities Current$300.0K$319.0K$126.1K$66.3K
Warrants Issued With Debt$22.6K$158.3K
Liabilities Noncurrent$26.2K$16.8K$19.1K$26.1K$10.6K$15.8K

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating Cash Flow *-$340.7K-$424.1K-$613.8K-$368.9K-$444.8K-$31.2K-$29.6K$0.00
Net Cash Provided By Used In Financing Activities$134.0K$732.0K$463.0K$560.0K$511.9K$24.0K$50.6K$3.7K
Increase Decrease In Accounts Payable$4.6K-$17.4K-$6.6K$8.3K$190.00
Increase Decrease In Accrued Expenses$156.2K$481.4K$66.3K
Share Based Compensation$193.2K$13.0K$11.7K$158.0K$79.5K
Net Cash Provided By Used In Investing Activities-$148.2K-$60.4K-$21.1K-$2.6K
Proceeds From Issuance Of Common Stock$675.0K$300.0K$483.3K
Increase Decrease In Security Deposits$10.0K-$10.0K-$1.0K
Increase Decrease In Prepaid Expense$950.00-$950.00$0.00
Increase Decrease In Accounts Payable Trade$28.8K-$53.9K$53.6K-$6.6K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q3 2024Q3 2023Q3 2022Q1 2021Q3 2020Q3 2019Q3 2018Q3 2017
Operating Cash Flow *-$248.4K-$163.5K-$206.7K-$92.5K-$109.8K-$2.5K-$6.3K$228.00
Net Cash Provided By Used In Financing Activities$267.7K$170.3K$50.0K$202.5K$2.5K
Increase Decrease In Accounts Payable$10.1K$7.1K$3.6K$1.1K
Increase Decrease In Accrued Expenses$34.9K-$17.8K$14.7K$20.0K
Share Based Compensation$29.2K$93.8K
Net Cash Provided By Used In Investing Activities-$6.5K$0.00-$2.9K
Proceeds From Issuance Of Common Stock$50.0K$100.0K
Increase Decrease In Security Deposits-$4.9K$10.0K
Increase Decrease In Prepaid Expense-$1.5K-$17.3K$570.00
Increase Decrease In Accounts Payable Trade-$15.0K

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Common Stock Shares Issued43.8M8.1M7.4M5.0M5.0M3.0K
Common Stock Shares Authorized200.0M75.0M75.0M75.0M75.0M
Common Stock Shares Outstanding43.8M8.1M7.4M5.0M5.0M3.0M
Preferred Stock Shares Authorized100.00100.00
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.02
Earnings Per Share Basic And Diluted$-0.08$-0.08$0.00$0.00$0.00
Weighted Average Number Of Share Outstanding Basic And Diluted167.0M39.2M9.3M7.5M
Preferred Stock Shares Outstanding51.0051.000.00
Preferred Stock Shares Issued51.0051.000.00
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00
Weighted Average Number Of Share Outstanding Basic And Diluted7.5M7.7M5.0M3.8M
Earnings Per Share Basic And Diluted1$-0.01$-0.02$-0.22$-0.08
Weighted Average Number Of Diluted Shares Outstanding3.8M333.3K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q1 2019Q4 2018Q3 2018Q2 2018Q1 2018Q4 2017Q3 2017Q2 2017
Common Stock Shares Issued375.2M334.6M271.4M238.3M231.3M168.4M65.2M54.8M18.0M9.5M9.5M7.6M7.8M7.4M8.2M5.5M5.0M5.0K5.0K5.0K4.9K3.0M
Common Stock Shares Authorized2.00B2.00B500.0M2.00B500.0M200.0M200.0M200.0M200.0M75.0M75.0M75.0M75.0M75.0M75.0M75.0M75.0M75.0M75.0M75.0M4.9M3.0M
Common Stock Shares Outstanding375.2M334.6M271.4M238.3M231.3M168.4M65.2M54.8M18.0M9.5M9.5M7.6M7.8M7.4M8.2M5.5M5.0M5.0M503.5K
Preferred Stock Shares Authorized100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02$0.02$0.02$0.00
Earnings Per Share Basic And Diluted$-0.03$-0.02$-0.01$-0.01$-0.02$-0.02$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Weighted Average Number Of Share Outstanding Basic And Diluted1352.2M280.4M248.8M206.3M188.5M174.5M61.6M49.9M17.7M9.7M9.4M
Preferred Stock Shares Outstanding51.0051.0051.0051.0051.0051.0051.0051.0051.0051.0051.0051.0051.0051.00
Preferred Stock Shares Issued51.0051.0051.0051.0051.0051.0051.0051.0051.0051.0051.0051.0051.0051.00
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Weighted Average Number Of Share Outstanding Basic And Diluted9.4M7.6M7.4M7.8M6.4M5.5M5.0M5.0M5.0M5.0M
Earnings Per Share Basic And Diluted1$0.00$-0.01$0.00$-0.02$-0.03
Weighted Average Number Of Diluted Shares Outstanding5.0M5.0M5.0M3.5M3.0M3.0M

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Depreciation$17.2K$8.9K$14.5K$48.5K$15.4K$3.6K$2.5K
Professional Fees$14.3K$75.9K$118.2K$150.3K$142.3K$13.7K
Additional Paid In Capital$3.3M$1.7M$1.3M$38.7K$38.7K$0.00
Boat Expenses$108.5K$127.5K$249.4K$44.0K$110.6K
Deposits$8.7K$8.7K$8.7K$8.7K$7.0K
Short Term Borrowings$2.7K$16.8K$16.8K$16.8K
Legal Fees$17.0K$75.4K
Stock Issued During Period Value New Issues$512.6K$202.5K$483.3K$40.7K$15.0K
Labor And Related Expense$74.0K$24.2K$36.9K$12.4K$41.7K
Due To Related Parties Current$53.9K$46.4K$17.8K$10.6K
Stock Issued During Period Value Issued For Services$193.2K$13.0K$28.8K
Due To Related Parties Current1$110.9K
Prepaid Expense Current$950.00$0.00
Warrants Issued For Service$162.4K$11.7K
Interest Paid$0.00$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q3 2021Q1 2021Q4 2020Q3 2020Q1 2020Q4 2019Q3 2019Q1 2019Q4 2018Q3 2018Q1 2018Q3 2017
Depreciation$89.00$3.4K$4.3K$4.3K$600.00$3.6K$3.6K$12.1K$12.1K$12.1K$3.6K$2.4K$1.2K$1.2K$1.2K
Professional Fees$21.4K$37.3K$54.3K$3.2K$12.0K$3.2K$12.2K$2.0K$20.1K$5.4K$98.1K$17.1K$53.9K$64.7K$19.2K$947.00
Additional Paid In Capital$8.2M$7.8M$7.3M$6.9M$6.7M$5.5M$3.8M$3.7M$2.6M$2.3M$2.3M$1.6M$1.5M$1.5M$388.3K$186.7K$38.7K$38.7K$38.7K$38.7K$35.8K
Boat Expenses$5.3K$63.3K$4.0K$34.5K$11.1K$4.5K$14.2K$20.3K$56.0K$51.6K
Deposits$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K$8.7K
Short Term Borrowings$22.9K$22.9K$22.9K$22.9K$25.0K$86.7K$72.9K$2.7K$2.7K$16.8K$16.8K$16.8K$16.8K$16.8K$16.8K$16.8K$16.8K
Legal Fees$9.9K$22.0K$2.2K$8.1K$15.0K$20.7K$2.2K$10.0K$398.00$12.0K$8.8K
Stock Issued During Period Value New Issues$64.2K$1.3K$12.5K$4.0K$70.5K$22.4K$114.3K$50.0K$202.5K$204.3K$148.5K
Labor And Related Expense$74.0K$1.2K$10.9K$10.4K$31.2K
Due To Related Parties Current$60.9K$53.9K$53.9K$46.4K$46.4K$46.4K$56.4K$56.4K$20.3K
Stock Issued During Period Value Issued For Services$45.2K$510.3K$29.2K$3.0K$28.8K
Due To Related Parties Current1$10.0K$10.0K$6.5K$110.9K$110.9K$60.9K$60.9K
Prepaid Expense Current$44.2K$11.6K$4.6K$3.0K$0.00$0.00$380.00$1.5K
Warrants Issued For Service$2.6K$20.7K$11.7K
Interest Paid$0.00$0.00

Most recent annual filing with the SEC: August 13, 2024

Data sourced from SEC EDGAR public filings as of August 5, 2026.