Company: CBLO
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001599916-25-000009
Chunk: 7

Company: C2 Blockchain, Inc.
Filing Date: 2025-02-03
Form: 10-Q
Item: Item 1
Chunk 7
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 digital asset
transactions. A party which is successful in adding a block to the blockchain is awarded a fixed number of digital assets in return.

At
this time, we own no real estate. Since our inception, June 30, 2021, we have not generated any revenues.

In
order to implement our plan of operations for the next twelve-month period, we require a minimum of $200,000 in funding. At present,
we plan to to acquire the aforementioned funding from the sale of our common stock pursuant to a Tier II Regulation A Offering we
seek to conduct in the near future. 

The
number of computers that we may purchase or lease for mining bitcoin will depend on how quickly we are able to raise funds through the
aforementioned Offering and the amounts that we are ultimately able to raise. We expect the proceeds from the Offering will be sufficient
for us to implement our business plan and that no additional funding will be needed to implement our business plan, however there is no
guarantee that this may be the case. We may be unsuccessful in raising any capital from the Offering, and thus we may need to seek out
alternate sources of financing. The scalability of our business plan also depends entirely on our ability to secure funds for future operations
and the amount of funds at our disposal. At this time we do not have the needed funding to implement our business plan in any capacity.

Liquidity and Capital Resources 

Our cash balance is $20 as of December 31, 2024,
and $0 as of June 30, 2024.

We rely upon our sole officer and director, Levi
Jacobson, for funding. Mr. Jacobson has no formal commitment, arrangement or legal obligation to advance or loan funds to the
company. In order to implement our plan of operations for the next twelve-month period, we  will require further funding. Being a
start-up stage company, we have very limited operating history. After a twelve-month period we may need additional financing but
currently do not have any arrangements for such financing.

On December 20, 2024, we filed a
Regulation A Tier II Offering with the Securities and Exchange Commission, whereas we are seeking to
raise capital from the sale of our Common Stock. There is no guarantee however, that we will raise any monies from the offering. 

If we need additional cash and cannot raise
it, we will either have to suspend operations until we do raise the cash we need, or cease operations