Company: CBLO
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001599916-25-000009
Chunk: 5

Company: C2 Blockchain, Inc.
Filing Date: 2025-02-03
Form: 10-Q
Item: Item 1
Chunk 5
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 to use in future years.

Note
5 - Commitments and Contingencies

The Company follows
ASC 450-20, Loss Contingencies, to report accounting for contingencies.  Liabilities for loss contingencies
arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability
has been incurred, and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies as of December
31, 2024, and June 30, 2024.

Note
6 - Shareholder Equity 

Preferred Stock

The authorized preferred stock
of the Company consists of 20,000,000 shares with a par value of $0.001. There were no shares issued and outstanding as of December
31, 2024 and June 30, 2024.

Common Stock

The authorized common stock of the
Company consists of 500,000,000 shares with a par value of $0.001. There were 253,936,005 shares of common stock issued and outstanding
as of December 31, 2024 and June 30, 2024.

Note
7 - Related-Party Transactions 

Loan

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. 

Office Space

We utilize the home office space
and equipment of our management at no cost.

Note
8 - Subsequent Events 

Subsequent to the period ended December
31, 2024, the Company’s sole officer and director, Levi Jacobson, paid expenses on behalf of the Company totaling $5,550. These
payments are considered as a