Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 478

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 6
Chunk 478
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 accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50,
“Equity – Based Payments to Non-Employees.”  Measurement of share-based payment transactions with
non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity
instruments issued.  The fair value of the share-based payment transaction is determined at the earlier of performance commitment
date or performance completion date.  

The
Company had no stock-based compensation plans as of June 30, 2025, and June 30, 2024.

The
Company’s stock-based compensation for the periods ended June 30, 2025, and June 30, 2024, was $15,000 and $0, respectively.

Recently
Issued Accounting Pronouncements 

The
Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not
believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position
or results of operations.

Note
3 - Going Concern

The
Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern
that contemplates the realization of assets and liquidation of liabilities in the normal course of business.

The
Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one
year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically operating
loss, working capital deficiency, and other adverse key financial ratios.

The
Company has not established any substantive source of revenue to cover its operating expenses. Revenue generated to date, including staking
rewards, is negligible compared to operating costs. Management intends to fund operations through related-party contributions and the
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.

Note
4 - Income Taxes 

Potential
benefits of income tax losses are not recognized in the accounts until realization is more likely than not.  In
assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or