Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 60

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9
Chunk 60
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 quarterly financial reports, and, as of the date of this filing,
has completed the audit of the fiscal year ended June 30, 2025.

Item
9A Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures 

We
maintain “disclosure controls and procedures,” as such term is defined in Rule 13a-15e and Rule 15d-15(e) under the Exchange
Act that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and
communicated to our management, which currently consists solely of our officer and director, Levi Jacobson.

As
of June 30, 2025, the end of the year covered by this Report, we carried out an evaluation, under the supervision of Levi Jacobson, our
sole officer and director, of the effectiveness of the design and operation of our disclosure controls and procedures. Mr. Jacobson concluded
that the disclosure controls and procedures were not effective as of the end of the year covered by this Report due to material weaknesses
identified below.

Management’s
Annual Report on Internal Control Over Financial Reporting

Levi
Jacobson, our sole officer and director, is responsible for establishing and maintaining adequate internal control over our financial
reporting (as defined in Rule 13a-15(f) under the Exchange Act). Internal control over financial reporting is a process, including policies
and procedures, designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external reporting purposes in accordance with U.S. generally accepted accounting principles. Our sole officer, Mr. Jacobson,
assessed our internal control over financial reporting using the criteria in Internal Control – Integrated Framework (2013), issued
by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). A system of internal control over financial
reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles. Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements.

Based
on our evaluation under the framework in COSO, our sole officer and director, Levi Jacobson, concluded that our internal control over
financial reporting was ineffective as of June 30, 2025 based on such criteria. Deficiencies existed