Company: CBLO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001599916-25-000058
Chunk: 2

Company: C2 Blockchain, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 2
---
30

    -
  
    Ending
    cash balance
    $
    20,796
     
    $
    60

    SUPPLEMENTAL
    DISCLOSURE OF CASH FLOW INFORMATION: 

         Interest
    paid
    $
    -
     
    $
    -
  
         Income
    taxes paid
    $
    -
    
    $
    -

The accompanying
notes are an integral part of these unaudited financial statements.

F-4

Table of Contents

C2
Blockchain, Inc.

Notes
to the Unaudited Financial Statements

Note
1 - Organization and Description of Business

C2 Blockchain, Inc. was incorporated on June 30, 2021, in
the State of Nevada. 

Currently,
Mendel Holdings, LLC, a Delaware Limited Liability Company, owned and controlled by Levi Jacobson, our sole director is our controlling
shareholder, owning 200,000,000 shares of our common stock.

The
Company’s business plan is to concentrate on cryptocurrency related investments and development opportunities including but not
limited to cryptocurrency mining, primarily for Bitcoin, for our own account, investments in private and/or public entities, joint ventures
and acquisitions of blockchain related companies.

C2
Blockchain, Inc. is seeking to buy real estate in the state of Georgia and construct a warehouse for hosting a data center to
include an undetermined certain number of application specific integrated circuit miners (“ASICs”). The number of
ASIC’s we may purchase in the future will depend upon our future financial condition.

The
Company has elected June 30th as its year end. 

Note
2 - Summary of Significant Accounting Policies

Basis of Presentation

This summary of significant accounting
policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles,
generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements.

Use of Estimates

The preparation of financial statements
in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order
to make the financial statements not misleading have been included. Actual results could differ from those estimates.

Cash
and Cash Equivalents 

The Company considers all