Company: CBLO
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001882781-25-000042
Chunk: 16

Company: C2 Blockchain, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 16
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The Company’s net loss for the three months ended September 30, 2025, was $2,369,980,
compared to a net loss of $7,784 for the three months ended September 30, 2024. The increase in net loss reflects higher operating expenses,
losses on digital assets, interest expense, and derivative liabilities, consistent with the Company’s increased level of operations.

Investors should be aware that the Company’s results are subject to significant
risks. The value of any cryptocurrency holdings is highly volatile and may decrease or become worthless. As a result, shareholders or
other investors may lose some or all of their investment.

Liquidity
and Capital Resources

As of September 30, 2025, the Company had total assets of $1,234,903, compared to total
assets of $75,551 as of June 30, 2025. Assets at September 30, 2025 included $148,102 in cash and cash equivalents, $1,082,426 in intangible
assets related to cryptocurrency holdings, and $4,375 in prepaid expenses. As of June 30, 2025, the Company had $9 in cash and cash equivalents,
$62,474 in intangible assets related to cryptocurrency holdings, and $13,068 in prepaid expenses. As of September 30, 2025, the Company’s
cryptocurrency holdings consisted solely of DOG tokens, which are not to be confused with DOGE coins.

Total liabilities at September 30, 2025 were $1,863,333, compared to total liabilities
of $84,000 as of June 30, 2025. Liabilities as of September 30, 2025 were primarily related to accrued liabilities, convertible loans,
and derivative liabilities. These liabilities resulted in a stockholders’ deficit of $628,430 as of September 30, 2025, compared
to a stockholders’ deficit of $8,449 as of June 30, 2025.

Net cash used in operating activities for the three months ended September 30, 2025 was
$271,196, compared to $7,784 for the three months ended September 30, 2024. Net cash used in investing activities was $1,511,044 and was
entirely related to cryptocurrency purchases, with no comparable investing activities during the prior-year period. Net cash provided
by financing activities for the three months ended September