Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 26

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 26
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    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

-
F1 -

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 results of its operations and its cash flows for the fiscal
years then ended in conformity with accounting principles generally accepted in the United States of America.

Going
Concern

The
accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note #3 to
the financial statements, although the Company has limited operations it has yet to attain profitability. This raises substantial doubt
about its ability to continue as a going concern. Management’s plan in regard to these matters is also described in Note #3. The
financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities
laws and the applicable rules and regulations of the Securities and Exchange Commission and