Company: CBLO
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001882781-25-000042
Chunk: 18

Company: C2 Blockchain, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 18
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sale of the Company’s stock. There can be no assurance that these measures will be successful. The accompanying financial statements
do not include any adjustments that might be required if the Company is unable to continue as a going concern, including adjustments
to the recoverability or classification of assets or the amounts and classification of liabilities. 

    ITEM
    3
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
    RISK

As
a smaller reporting company, as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for
by this Item.

-3-

Table
of Contents

    ITEM 4
    CONTROLS AND PROCEDURES

Management’s
Report on Disclosure Controls and Procedures

We
maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed
under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified
in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management,
including our chief executive officer and our chief financial officer, Levi Jacobson, (who is acting as our principal executive officer,
principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure.

As
of September 30, 2025, we carried out an evaluation, under the supervision of our chief executive officer, who also serves as our chief
financial officer, of the effectiveness of the design and the operation of our disclosure controls and procedures. Our sole officer concluded
that the disclosure controls and procedures were not effective as of the end of the period covered by this report due to material weaknesses
identified below. 

The
matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the
Public Company Accounting Oversight Board were: domination of management by a single individual without adequate compensating controls,
lack of a majority of outside directors on board of directors, resulting in ineffective oversight in the establishment and monitoring
of required internal controls and procedures; inadequate segregation of duties consistent with control objectives, and lack of an audit
committee. These material weaknesses were identified by our Chief Executive Officer who also serves as our Chief Financial Officer in
connection with the above evaluation.

Inherent
limitations on effectiveness of controls

Internal
control over financial reporting has inherent limitations which include but is not limited to the use of independent professionals for