Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 189

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 3
Chunk 189
---
.

Going
Concern

We
have incurred recurring losses from operations since inception and expect to continue incurring losses until such time as we commence
profitable cryptocurrency mining operations or other revenue-generating activities, including but not limited to digital asset management
and related initiatives. Our recurring operating loss, accumulated deficit of $298,184 as of June 30, 2025, and minimal cash balance
raise substantial doubt about our ability to continue as a going concern for the next twelve months. Management’s plans include
raising additional capital and pursuing our proposed cryptocurrency mining operations; however, there is no assurance that these plans
will be successful.

Item
7A. Quantitative and Qualitative Disclosures about Market Risk.

We
qualify as a smaller reporting company, as defined by Item 10 of Regulation S-K and, thus, are not required to provide the information
required by this Item.

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Table
of Contents

Item
8. Financial Statements and Supplementary Data.

C2
Blockchain, Inc.

FINANCIAL
STATEMENTS

INDEX
TO FINANCIAL STATEMENTS

    Pages

    Report
    of Independent Registered Public Accounting Firm
     
    F2

    Balance
    Sheets
     
    F3

    Statements
    of Operations 
     
    F4

    Statements
    of Changes in Stockholders’ Deficit
     
    F5

    Statements
    of Cash Flows
     
    F6

    Notes
    to Financial Statements 
     
    F7-F9

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Table
of Contents

MICHAEL GILLESPIE & ASSOCIATES, PLLC

CERTIFIED PUBLIC ACCOUNTANTS

Vancouver, WA 98666

206.353.5736

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To
the Shareholders & Board of Directors

C2
Blockchain, Inc.

Opinion
on the Financial Statements

We
have audited the accompanying balance sheets of C2 Blockchain, Inc. (the Company) as of June 30, 2025 and 2024 and the related statements
of operations, changes in stockholders’ deficit, cash flows, and the related notes (collectively referred to as “financial
statements”) for the fiscal years then ended. In our opinion, the financial statements present fairly, in all material respects,
the financial position of the Company as of June 30, 2025 and 2024 and the