Company: CBLO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001599916-25-000058
Chunk: 8

Company: C2 Blockchain, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 8
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 prospective shareholders for the purchase of common stock. As of March 31, 2025, these subscribed
shares had not yet been issued.

Note
9 - Related-Party Transactions

Loan

The Company’s sole officer
and director, Levi Jacobson, paid expenses on behalf of the company totaling $30,050 during the period ended June 30, 2024. These
payments are considered as a loan to the Company which is noninterest-bearing, unsecured and payable on demand. As of June 30,
2024, the related party loan to the Company totaled $61,214. 

The
Company’s sole officer and director, Levi Jacobson, advanced cash totaling $50 to the Company and paid expenses on behalf of the
Company totaling $12,504 during
the period ended December 31, 2024. These payments are considered as a loan to the Company which is non-interest-bearing, unsecured and
payable on demand. As of December 31, 2024, the related party loan to the Company totaled $73,768. 

The Company’s sole officer and director, Levi Jacobson, paid expenses
on behalf of the company totaling $5,550 during the period ended March 31, 2025. These payments are considered
as a loan to the Company which is noninterest-bearing, unsecured and payable on demand. During the period ended March 31, 2025, the Company
made payments to our sole officer and director, Levi Jacobson, to reduce the loan by a total of $24,646. As of March 31, 2025, the related
party loan to the Company totaled $36,568.

Office Space

We utilize the home office space
and equipment of our management at no cost.

Note
10 - Subsequent Events 

Subsequent to the period ended March
31, 2025, 2.8 million shares of common stock were issued to two shareholders for total proceeds of $28,000 (see Note 8 – Shares
Payable). Also, the Company sold Reg A shares of common stock to one shareholder for proceeds totaling $40,000. In addition,
the Company made loan repayments to reduce the related party loan payable to our sole director, Levi Jacobson totaling $29,000. As of
the date of filing, the balance of the related party loan is $7,568.

The results for the three and nine months ended March 31,