Company: CBLO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001599916-25-000058
Chunk: 11

Company: C2 Blockchain, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 11
---
 director, Levi Jacobson, for funding. However, Mr. Jacobson has no formal commitment,
arrangement, or legal obligation to provide financial support to the company.

To implement our operational plan over the next twelve months, we will require additional funding. As a start-up with limited operational
history, we face uncertainty in securing sufficient financial resources. After the twelve-month period, we may need further financing
but currently do not have any formal arrangements for this funding, aside from the Tier II Offering mentioned above. However, there is
no assurance that the offering will generate enough funds to fully execute our business strategy.

If we are unable to raise the necessary funds, we may be forced to suspend operations until we can secure additional financing, or,
in the worst case, cease operations entirely. 

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 noninterest-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.

Liabilities

As of March 31, 2025, the Company had total liabilities of $76,568, compared
to $61,214 as of June 30, 2024. The liabilities as of