Company: CBLO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001599916-25-000058
Chunk: 7

Company: C2 Blockchain, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 7
---
, except for the following: on February 1, 2025, the Company entered into an employment agreement with our
sole officer and director, Levi Jacobson, which details base salary to be paid as well as bonus payments based on benchmarks.

Note 6 - Cryptocurrency

During the period
ended March 31, 2025, the Company paid cash totaling $19,413 for cryptocurrency. As of March 31, 2025, the value of the cryptocurrency
totaled $16,417. The $2,996 unrealized loss was posted as accumulated other comprehensive loss.

Note 7 - Accrued
Expenses

During the period
ended March 31, 2025, the Company accrued two months’ salary, totaling $40,000, payable to our sole office and director, Levi Jacobson,
pursuant to the employment agreement dated February 1, 2025 (see Note 5).

Note
8 - Shareholder Equity 

Preferred Stock

The authorized preferred stock of
the Company consists of 20,000,000 shares with a par value of $0.001. There were no shares issued and outstanding as of March 31, 2025,
and June 30, 2024.

Common Stock

The authorized common stock of the Company consists of 500,000,000 shares
with a par value of $0.001. There were 261,936,005 and 253,936,005 shares of common stock issued and outstanding as of March 31, 2025
and June 30, 2024, respectively.  

During the period ended March 31, 2025, the Company sold an aggregate of 8,000,000 shares of common stock to three shareholders at
a price of $0.01 per share, for total proceeds of $70,000. These shares were sold pursuant to the Company’s qualified Regulation
A+ Tier II offering.

Additionally, the Company sold 1,000,000 shares of restricted common stock at a price of $0.04 per share to an accredited investor
in a private placement transaction, for total proceeds of $40,000. This transaction was exempt from registration under Section 4(a)(2)
of the Securities Act of 1933 and Rule 506(b) of Regulation D promulgated thereunder.

Shares payable

During the period ended March 31, 2025, the Company received a total
of $28,000 from two