NAPD 10-K & 10-Q changes, risk factors and insider trading

The Company recorded related party revenue of $1,421,220 and $0 and during the years ended April 30, 20252026 and 2024,2025, respectively.

Total operating expenses were $1,353,302 for the year ended April 30, 2026 versus $2,484,960 for the year ended April 30, 20252025, versusa $384,007 for the year ended April 30, 2024, an increase decrease of $2,100,953$1,131,658 in 20252026 or 547.1%. 45.6%. The increasedecrease in operating expenses for the year ended April 30, 20252026 is largely attributable to increases decreases in general and administrative expense of $1,738,053 which includes impairment expense of $1,755,296,$1,213,721, rent expense of $305,470, consulting and accounting expense of $26,142, legal fees of $25,902,$164,702, and research and development of $15,632.$9,506. These increases decreases offset decreasesincreases in professional fees of $10,246.$132,109, consulting expense of $112,591, and legal fees of $11,571.

Total other expenses were $748,307 during the year ended April 30, 2025 and $128,266$837,524 during the year ended April 30, 2024,2026 anand increase$748,307 of $620,041 or 483.4% in 2025. Other expenses increased during the year ended April 30, 20252025, an increase of $89,217 or 11.92% in 2026. Other expenses increased during the year ended April 30, 2026 primarily due to increasesdecreases of $314,772$178,220 for financing fees, $248,667 for amortization of debt discount, $57,646 decrease in interest expense, $67,000 for fair value of warrants ,warrants. and $47,998 for loss on extinguishment of debt.debt which offset a $292,515 increase for amortization of debt discount and an $89,170 increase in interest expense.

During the year ended April 30, 2026, the Company had a loss from operations of discontinued operations of $0 During the year ended April 30, 2025, the Company had a loss from operations of discontinued operations of $143,732.

For the year ended April 30, 2026 the Company incurred net losses of $2,882,376 versus net losses of $3,376,999, for the year ended April 30, 2025. The decrease in net loss of $494,623 during the year ended April 30, 2025 the Company incurred net losses of $3,376,999 versus net losses of $711,986, for the year ended April 30, 2024. The increase in net loss of $2,665,013 during the year ended April 30, 20252026 was primarily due to increasesdecreases in operating expenses and other expenses.

During the yearyears ended April 30, 2026 and 2025, the Company had a deemed dividend of $82,913$256,096 and $82,913, respectively related to a price protection exercise price adjustment on warrants.

As at of April 30, 2025,2026, our total assets were $16,452.$881,642.

As at of April 30, 2025,2026, our current liabilities were $1,163,126 $2,936,045 and stockholders’ deficit was $1,146,674.$2,097,219.

The increase in cash provided by financing activities is primarily attributable to an increase in proceedscash from convertible notes payable and cash proceeds from the sale of common stock.stock, proceeds from exercise of warrants, proceeds from short term loans, and proceeds from related party loans which offset decreases in proceeds from convertible notes payable.

Convertible Promissory Note and Warrant Dilution

LiquidityLiquidity, and Capital Resources and Cash Requirements

We will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities. However, there can be no assurances that we will be able to raise additional capital. Based on its historical rate of expendituresexpenditures, the Company expects to expend its available cash in less than one month from the issuance date of these financial statements.

Summary of the NineThree Months Ended JanuaryJuly 31, 2026 Results of Operations Compared to the NineThree Months Ended JanuaryJuly 31, 2025 Results of Operations

The Company recorded related party revenue of $5,288,000 and $0 and $67,467 during the ninethree monthsmonth periods ended JanuaryJuly 31, 2026 and 2025, respectively.

During the ninethree month period ended JanuaryJuly 31, 2026, the Company incurred general and administrative expense of $583,943, consulting and accounting expense of $270,636,$87,266, professional fees of $113,003,$53,669, consulting and accounting expense of $50,873, rent expense of $103,485,$44,348, and legal fees of $34,110, and research and development expenses of $6,126.$4,500.

During the ninethree month period ended JanuaryJuly 31, 2025, the Company incurred general and administrative expense of $250,162,$29,874, rent expense of $230,000, $13,001, consulting and accounting expense of $226,820,$152,586, legal fees of $43,750,$2,210, research and development expenses of $6,126, and professional fees of $18,354, and research and development expense of $10,112.$54,262.

Total operating expenses were $1,111,303 $240,656 for the ninethree month period ended July 31, 2026 versus $258,059 for three month period ended JanuaryJuly 31, 20262025 versuswhich $779,198is fora thedecrease nine month period ended January 31, 2025, an increase of $332,105$17,403 or 43%.6.7%. The increase decrease in operating expenses for the ninethree month period Januaryended July 31, 2026 is largely attributable to a decrease in consulting and accounting expenses expense of $101,713. This decrease is offset by increases in general and administrative expenses of $57,392 and rent expense of $333,781, professional fees of $94,649, and consulting and accounting expense of $43,816, These increases offset a decrease in rent expense of $126,515.$31,347.

Total other expenses were $660,631$537,290 during the ninethree month period ended JanuaryJuly 31, 2026 andversus $667,440$326,193 during the ninethree month period ended JanuaryJuly 31, 2025, aan decreaseincrease of $6,809$211,097 or 1%.64.7%. Other Other expenses increased during the ninethree month period ended JanuaryJuly 31, 2026 primarily due to an increases of $305,823 for amortization of debt discount and interest expense of $54,361 which offset decreases of $175,873 in financing fees, $123,653$210,646 in loss on extinguishment of debt and $184,260 in financing fees which offset a decrease of $178,793 in amortization of debt and $67,467 in credit loss expense.discount.

Net Income/Loss

For the ninethree month period ended JanuaryJuly 31, 2026 the Company incurred net lossesincome of $1,771,934$775,538 versus net losses of $1,528,996,$584,252, for the ninethree month period ended JanuaryJuly 31, 2025. The increasedecrease in net loss of $242,938$1,359,790 during the ninethree month period ended JanuaryJuly 31, 20252026 was primarily due to increasesan increase of $5,288,000 in loss from operationsrevenues and other$1,553,484 expense.in gross profits, whereas the Company did not have any revenues during the same period in 2025.

During the three month period ended JanuaryJuly 31, 2026, the Company haddid not have a lossdeemed from operations of discontinued operations of $0.dividend.

During the three month period ended JanuaryJuly 31, 2025, the Company had a lossdeemed from operationsdividend of discontinued$117,629 operationsrelated ofto $0.a price protection exercise price adjustment on warrants.

Net Income/Loss Applicable To Common Stockholders

During the three month period ended JanuaryJuly 31, 2026, net lossincome applicable to common stockholders was $290,266.$775,538. During the three month period ended JanuaryJuly 31, 2025, net loss applicable to common stockholders was $639,212. The decrease in net loss applicable to common stockholders of $348,946 during the three month period ended January 31, 2026 was primarily due to decreases in loss from operations and loss from other expenses.$701,881.

As of Januaryat July 31, 2026, our total assets were $163,072.$902,238 and our total liabilities were $1,676,590.

As ofat JanuaryJuly 31, 2026, our current assets were $69,166,$838,297 ourand current liabilities were $1,722,955 and Stockholders’ deficit was $1,611,451.$1,643,249.

As of JanuaryJuly 31, 2026 weour hadtotal a net capital workingstockholders’ deficit ofwas $1,653,789.$774,352.

For the ninethree months ended JanuaryJuly 31, 2026 net cash flows used infrom operating activities was $594,278.$209,310.

For the ninethree months ended JanuaryJuly 31, 2025 net cash flows used in operating activities was $655,919.$248,359.

For the ninethree months ended JanuaryJuly 31, 20252026 wenet cash flow used $0 in cash flows from investing activities.activities was $0.

For the ninethree months ended JanuaryJuly 31, 2026 we have generated $613,981used $162,919 in cash flows from financing activities.

For the ninethree months ended JanuaryJuly 31, 2025 we have generated $671,605$267,657 in cash flows from financing activities.

CashThe flowsdecrease fromin cash provided by financing activities activitiesis decreasedprimarily during the nine month period ended January 31, 2026 largely dueattributable to an increase in cash paid for a loan settlement and decreases in proceeds from convertible notes payable, payable, cash proceeds from sale of common stock, and payments of short term loans, which offset increases in proceeds from exercise of warrants, proceeds from short term loans,loans and paymentsproceeds from the sale of relatedcommon party loans.stock.