Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 433

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 433
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 are
earnings received for participating in the network’s validation process by locking certain cryptocurrencies to help secure the
blockchain and process transactions. During this period, the Company did not hold any Dog Coin (DOG) tokens, and therefore no staking
rewards were generated from DOG. During the fiscal year ended June 30, 2024, the Company did not generate any revenue.

Operating
Expenses

Our
operating expenses for the fiscal year ended June 30, 2025, were $222,780, all of which were general and administrative expenses. This
represents an increase compared to operating expenses of $30,020 for the fiscal year ended June 30, 2024, which were also entirely general
and administrative expenses. The increase was primarily due to the Company’s increased level of operations, including $84,000 in
accrued officer compensation under an employment agreement entered into in February 2025, as well as increased professional and administrative
fees.

Other
Income (Loss)

During
the fiscal year ended June 30, 2025, we recorded a nominal loss of $2 from the sale of cryptocurrency and an impairment loss of $12,668.
There was no comparable activity during the fiscal year ended, June 30, 2024.

Net
Loss

Our
net loss for the fiscal year ended June 30, 2025 was $235,265, compared to a net loss of $30,020 for the fiscal year ended June 30, 2024.
The increase in net loss primarily reflects higher operating expenses due to the increased level of operations, including professional
and administrative fees and officer compensation.

Liquidity
and Capital Resources

As
of June 30, 2025, the Company had total assets of $75,551 (including $9 in cash, $62,474 in cryptocurrency, all of which was ADA tokens,
and $13,068 in prepaid expenses), total liabilities of $84,000 (all accrued officer compensation), and a stockholders’ deficit
of $8,449. Net cash used in operating activities was $149,333 for the fiscal year ended June 30, 2025, compared to $30,020 for the
fiscal year ended June 30, 2024, reflecting increased corporate expenses and compensation accruals. Net cash used in investing activities
was $62,474 for the fiscal year ended June 30, 2025, related to