DISCONTINUED OPERATIONS

3 Months Ended

Jul. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

NOTE 10 – DISCONTINUED OPERATIONS

At April 30, 2025 NAPC Defense, Inc. decided to discontinue its treasure and shipwreck recovery business in order to focus on its defense related business. Accordingly, the Company categorized its treasure and shipwreck recovery business as discontinued operations for the three month periods ended July 31, 2025 and 2024.

The operating results for discontinued operations have been presented in the accompanying consolidated statements of operations for the three month period ended July 31, 2025 and 2024, respectively, as discontinued operations and are summarized below:

	July 31, 2025		July 31, 2024
Total revenue	$	-	$	-
Operating expenses		-		-
Income from operations		-		-
Other expenses		-		-
Loss from operations of discontinued operations	$	-	$	31,869

The assets and liabilities of the discontinued operations at July 31, 2025 and April 30, 2025 are summarized below: 

	July 31, 2025		April 30, 2025
Current assets	$	-	$	-
Other assets		-		-
Total Assets of discontinued operations, current		-		-
Property and equipment, net		-		-
Assets of discontinued operations, non-current		-
Total Assets	$	-	$	-
Contingent liability		-		-
Liabilities of discontinued operations, current		-		-
Liabilities of discontinued operations, non-current		-		-
Total Liabilities	$	-	$	-

Property and equipment

Fixed assets, at cost, for the discontinued operations consisted of the following at July 31, 2025 and April 30, 2025:

Fixed Assets	July 31, 2025		April 30, 2025
Diving Vessel	$	-	$	36,390
Magnetometer		-		-
Diving Vessel (Boston Whaler)		-		-
Diving Vessel (Commander)		-		-
Accumulated Depreciation		-		(36,390	)
Fixed Assets, Net	$	-	$	-

Depreciation expense for the discontinued operations for the three month periods ended July 31, 2025 and 2024 was $0 and $3,346 respectively. 

Impairment expense for the discontinued operations was $0 for the three month period ended July 31, 2025 and $22,340 for the three months ended July 31, 2024.