Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 247

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7
Chunk 247
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 and Equipment

We
utilize the home office space and equipment of our management at no cost.

-
14 -

Table
of Contents

Loans

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 were considered as a loan to the Company which was noninterest-bearing, unsecured and payable on
demand. As of June 30, 2024, the related party loan to the Company totaled $61,214. 

During
the year ended June 30, 2025, the Company made payments to our sole officer and director, Levi Jacobson, totaling $61,214 to pay off
the loan in full.

Consulting
Agreement

During the year
ended June 30, 2025, the Company paid $15,000 to Simple Simon Says LLC (“Consultant”) for consulting services. Simple Simon
Says LLC is controlled by the father of the Company’s sole officer and director, Levi Jacobson. Pursuant to the consulting agreement,
Consultant provided business development, strategic advisory, and consulting services to the Company from May 1, 2025 through June 1,
2025. Consultant acted as an independent contractor and not as an employee or partner of the Company.

The engagement
of Consultant, as a related party transaction, was approved by Levi Jacobson, the Company’s Chief Executive Officer and sole director.

Director
Independence

We
are not listed on any exchange that requires directors to be independent. We have not:

    ·
    Established
    our own definition for determining whether our directors or nominees for directors are “independent,” nor have we adopted
    any other standard of independence employed by any national securities exchange or inter-dealer quotation system, though our current
    directors would not be deemed to be “independent” under any applicable definition given that they are officers of the
    Company; nor

    ·
    Established
    any committees of our board of directors.

Item
14. Principal Accounting Fees and Services.

Below
is the approximate aggregate amount of fees billed for professional services rendered by our principal accountants with respect
to our fiscal year ended June 30, 2025, and June 30, 2024 respectively.

    2025
     
    2024

    Audit
    and review fees
    Michael
    Gillespie & Associates,