Company: CBLO
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001882781-25-000042
Chunk: 7

Company: C2 Blockchain, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 7
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 for contingencies.  Liabilities
for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable
that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies
as of September 30, 2025, and June 30, 2025, 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.  

As
of September 30, 2025, the Company is in dispute with a vendor regarding services to the Company totaling $12,500. The Company considers
the payment of this disputed amount to be uncertain at the time of the filing of this report. No liability was recorded as of September
30,2025 for this disputed amount.

Note
6 - Prepaid Expenses 

During
the year ended June 30, 2025, the Company prepaid a one-year invoice for OTC Markets news & disclosure service totaling $7,500 and
prepaid a 66-day invoice for advertising totaling $7,500. These were expensed through September 30, 2025, with the prepayment for advertising
fully expensed during the period.

Note
7 - Intangible Asset - Cryptocurrency

The
Company has holdings of cryptocurrency as a long-term reserve and investment. For detailed accounting policies related to digital assets,
refer to Note 2.

The following table shows the
cryptocurrency activity for the three months ended, September 30, 2025: 

    June 30, 2025
     
    $
    62,474

    Cryptocurrency purchased for cash

    1,511,000

    Cryptocurrency earned from staking

    44

    Change in fair value of cryptocurrency

    (491,092)

    September 30, 2025
     
    $
    1,082,426

During the period ended September 30, 2025, the Company purchased
DOG tokens totaling $1,511,000 and earned revenue of $44 from its staking activities. 

During the fiscal year ended June 30, 2025, the Company purchased Cardano
(ADA) tokens as a long-term reserve and investment. At the time of purchase, management believed ADA represented