Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 360

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 360
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 2021
in the State of Nevada.

On
June 30, 2021, Levi Jacobson was appointed Chief Executive Officer, Chief Financial Officer, and Director of C2 Blockchain, Inc.

The
Company is a development-stage blockchain infrastructure business engaged in cryptocurrency mining, digital asset treasury management,
and related technology initiatives. The Company is in the early stages of operations and faces substantial operational and financial
constraints that may impact the timing, scope, and execution of its planned activities.

The
Company utilizes home office space provided at no cost by its sole officer and director, Levi Jacobson.

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 June 30, 2025, and June 30, 2024, were $9
and $30, respectively.

Comprehensive
income or loss

ASC
Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income or loss, its components
and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources.
Accumulated comprehensive income, as presented in the accompanying consolidated statements of shareholders’ equity consists of
changes in unrealized gains and losses on foreign currency translation.

Revenue
recognition

The
Company adopted ASC 606 – Revenue from contracts with Customers: (1) identify the contract with a customer; (2) identify the performance
obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation