Company: CBLO
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001882781-25-000042
Chunk: 17

Company: C2 Blockchain, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 17
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 30, 2025 was $1,930,333 and was primarily attributable to proceeds from the
sale of common stock and the issuance of convertible notes.

The
Company has incurred recurring losses from operations and expects to continue incurring losses until it commences profitable cryptocurrency
mining operations or other material revenue-generating activities. The Company will require additional funding, likely through equity
financing or related-party contributions, to sustain operations. There can be no assurance that such funding will be available on acceptable
terms or at all.

Investor Risk

The Company operates in a highly volatile and speculative industry. Its digital assets
currently consist solely of DOG, the native Runecoin built on the Bitcoin blockchain, which is not to be confused with DOGE. The Company
may acquire other cryptocurrencies or tokens in the future. DOG tokens are accounted for as crypto assets within the scope of ASC 350-60,
with fair value reflected on the consolidated balance sheets and changes in fair value recognized in income. The Company determines fair
value in accordance with ASC 820, using Kraken as the principal market where it acquires and holds DOG.

The value of DOG tokens and any other digital assets the Company may acquire may fluctuate
significantly and could be lost, stolen, hacked, or otherwise compromised, or become worthless due to market conditions, liquidity constraints,
technological risks, cybersecurity breaches, regulatory developments, or other factors. These fluctuations have a direct impact on the
Company’s results of operations and financial condition.

Given the early stage of the Company’s operations, limited revenue-generating activities,
and reliance on future financing, there is a substantial risk that investors could lose all or part of their investment. Investors should
carefully consider these significant risks before making any investment decision.

Going
Concern

The
Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern
that contemplates the realization of assets and liquidation of liabilities in the normal course of business.

The
Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one
year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically operating
loss, working capital deficiency, and other adverse key financial ratios.

The
Company has not established any substantive source of revenue to cover its operating expenses. Revenue generated to date, including staking
rewards, is negligible compared to operating costs. Management intends to fund operations through related-party contributions and the