Company: CBLO
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001599916-25-000009
Chunk: 1

Company: C2 Blockchain, Inc.
Filing Date: 2025-02-03
Form: 10-Q
Item: Item 1
Chunk 1
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000,000 shares of our common stock representing approximately 78.76 % voting control.

C2
Blockchain, Inc. has no material operations at this time but has a definitive business plan to become a bitcoin mining company. We plan
to buy real estate in the state of Georgia and construct a warehouse for hosting a data center to include an undetermined certain number
of application specific integrated circuit miners (“ASICs”). The number of ASIC’s we may purchase in the future will
depend upon our future financial condition.

The
Company has elected June 30th as its year end. 

Note
2 - Summary of Significant Accounting Policies

Basis of Presentation

This summary of significant accounting
policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles,
generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements.

Use of Estimates

The preparation of financial statements
in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order
to make the financial statements not misleading have been included. Actual results could differ from those estimates.

Cash
and Cash Equivalents 

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.
Cash and cash equivalents at December 31, 2024 and June 30, 2024 were $20 and $0, respectively.

Income
Taxes 

The Company accounts for income
taxes under ASC 740, “Income Taxes.”  Under the asset and liability method of ASC 740, deferred tax assets and
liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts
of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted
tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
 The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment
occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not
realize tax assets through future operations. No deferred tax assets