Company: CBLO
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001599916-25-000009
Chunk: 8

Company: C2 Blockchain, Inc.
Filing Date: 2025-02-03
Form: 10-Q
Item: Item 1
Chunk 8
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 entirely.

The Company’s sole officer
and director, Levi Jacobson, advanced cash totaling $50 to the Company and paid expenses on behalf of the Company totaling $12,504 during
the period ended December 31, 2024. These payments are considered as a loan to the Company which is non-interest-bearing, unsecured and
payable on demand. As of December 31, 2024, the related party loan to the Company totaled $73,768. 

The Company’s sole officer
and director, Levi Jacobson, paid expenses on behalf of the company totaling $30,050 during the period ended June 30, 2024. These
payments are considered as a loan to the Company which is non-interest-bearing, unsecured and payable on demand. As of June 30, 2024, the
related party loan to the Company totaled $61,214. 

Net Loss

We recorded a net loss of $4,780 for the three
months ended December 31, 2024, $3,960 for the three months ended December 31, 2023, $12,564 for the six months ended December 31,
2024, and $13,510 for the six months ended December 31, 2023.  Our net loss
for all periods was comprised entirely of general and administrative expenses.

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, no  revenue, operating loss, working capital deficiency, and
other adverse key financial ratios.

The Company has not established a source of revenue
to cover its operating costs.

The financial statements do not include any adjustments
relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be
necessary in the event that the Company cannot continue as a going concern.

    ITEM
    3
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
    RISK

As a smaller reporting company, as defined in Rule
12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.

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