C2 Blockchain, Inc. Files 10-Q for Period Ending Dec 31, 2024

TL;DR

C2 Blockchain filed its Q2 2024 10-Q. Address: Miami, FL. Phone: 888-437-3432.

AI Summary

C2 Blockchain, Inc. filed a 10-Q for the period ending December 31, 2024. The company, previously known as C2 Blockchain, Inc. until September 14, 2021, is incorporated in Nevada and operates in the Finance Services sector. Its business and mailing address is located at 123 SE 3rd Ave. #130, Miami, FL 33131, with a contact phone number of 888-437-3432.

Why It Matters

This filing provides a quarterly update on C2 Blockchain, Inc.'s financial performance and operational status, which is crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative disclosures.

Key Players & Entities

• C2 Blockchain, Inc. (company) — Filer name
• 0001599916-25-000009 (other) — Accession Number
• 20241231 (date) — Period of Report
• 20250203 (date) — Filing Date
• 123 SE 3RD AVE. #130, MIAMI, FL 33131 (address) — Business Address
• 8884373432 (phone_number) — Business Phone
• 000-56340 (other) — SEC File Number

FAQ

Key Financial Figures

• $0 — 1, 2024 and June 30, 2024 were $ 20 and $0, respectively. Income Taxes The Com
• $75,083 — ed a net operating loss carryforward of $75,083 which begins expiring in 2041. The Comp
• $0.001 — f 20,000,000 shares with a par value of $0.001. There were no shares issued and outsta
• $50 — , Levi Jacobson, advanced cash totaling $50 to the Company and paid expenses on beh
• $5,550 — enses on behalf of the Company totaling $5,550. These payments are considered as a loa
• $200,000 — e-month period, we require a minimum of $200,000 in funding. At present, we plan to to a
• $20 — Capital Resources Our cash balance is $20 as of December 31, 2024, and $0 as of J
• $12,504 — enses on behalf of the Company totaling $12,504 during the period ended December 31, 20
• $73,768 — lated party loan to the Company totaled $73,768. The Company's sole officer and direc
• $30,050 — enses on behalf of the company totaling $30,050 during the period ended June 30, 2024.
• $61,214 — lated party loan to the Company totaled $61,214. Net Loss We recorded a net loss of
• $4,780 — Net Loss We recorded a net loss of $4,780 for the three months ended December 31,
• $3,960 — e three months ended December 31, 2024, $3,960 for the three months ended December 31,
• $12,564 — e three months ended December 31, 2023, $12,564 for the six months ended December 31, 2
• $13,510 — six months ended December 31, 2024, and $13,510 for the six months ended December 31, 2

Filing Documents

• c2block123124o.htm (10-Q) — 265KB
• exhibit31.htm (EX-31) — 12KB
• exhibit32.htm (EX-32) — 7KB
• 0001599916-25-000009.txt ( ) — 1256KB
• cblo-20241231.xsd (EX-101.SCH) — 11KB
• cblo-20241231_cal.xml (EX-101.CAL) — 8KB
• cblo-20241231_def.xml (EX-101.DEF) — 17KB
• cblo-20241231_lab.xml (EX-101.LAB) — 79KB
• cblo-20241231_pre.xml (EX-101.PRE) — 67KB
• c2block123124o_htm.xml (XML) — 100KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM 1

FINANCIAL STATEMENTS - UNAUDITED

FINANCIAL STATEMENTS - UNAUDITED F1 Balance Sheet - UNAUDITED F1 of Operations - UNAUDITED F2 OF CHANGES IN STOCKHOLDER (Deficit) - UNAUDITED F3 F4 Notes to the Financial Statements - unaudited F5 ITEM 2

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS 3 ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 3 ITEM 4

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 4

- OTHER INFORMATION

PART II - OTHER INFORMATION ITEM 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 5 ITEM 1A

RISK FACTORS

RISK FACTORS ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 5 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 5 ITEM 4 MINE SAFETY DISCLOSURES 5 ITEM 5 OTHER INFORMATION 5 ITEM 6 EXHIBITS 5

SIGNATURES

SIGNATURES 6 -2- Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION C2 Blockchain, Inc. Balance She et December 31, 2024 (Unaudited) June 30, 2024 ASSETS Cash and cash equivalents $ 20 $ 30 TOTAL ASSETS $ 20 $ 30 LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Loan to Company - related party $ 73,768 $ 61,214 TOTAL LIABILITIES $ 73,768 $ 61,214 Stockholders' Equity (Deficit) Preferred stock ($ .001 par value, 20,000,000 shares authorized; none issued and outstanding as of December 31, 2024 and June 30, 2024) - - Common stock ($ .001 par value, 500,000,000 shares authorized, 253,936,005 shares issued and outstanding as of December 31, 2024 and June 30, 2024) 253,936 253,936 Additional paid-in capital ( 252,601 ) ( 252,601 ) Accumulated deficit ( 75,083 ) ( 62,519 ) Total Stockholders' Equity (Deficit) ( 73,748 ) ( 61,184 ) TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) $ 20 $ 30 The accompanying notes are an integral part of these unaudited financial statements. F-1 Table of Contents C2 Blockchain, Inc. of Operations (Unaudited) Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 Six Months Ended December 31, 2024 Six Months Ended December 31, 2023 Operating expenses General and administrative expenses $ 4,780 $ 3,960 $ 12,564 $ 13,510 Total operating expenses 4,780 3,960 12,564 13,510 Net loss $ ( 4,780 ) $ ( 3,960 ) $ ( 12,564 ) $ ( 13,510 ) Basic and Diluted net loss per common share $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) Weighted average number of common shares outstanding - Basic and Diluted 253,936,005 253,936,005 253,936,005 253,936,005 The accompanying notes are an integral part of these unaudited financial statements. F-2 Table of Contents C2 Blockchain, Inc. of Changes is Stockholder (Deficit) For the Period June 30, 2024 to December 31, 2024 (Unaudited) C

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

Forward-Looking Statements Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements." These forward-looking statements generally are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions.

Forward-looking statements are based on current expectations

Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking could have a material adverse effect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Company Overview We have not yet commenced any material operations. The Company plans to build a 14 MW Bitcoin mining facility in Georgia U.S. specifically designed for hosting cryptocurrency mining equipment and mining Bitcoin for our own account. Cryptocurrency mining (e.g. bitcoin mining) entails running ASIC (application-specific integrated circuit) servers or other specialized servers which solve a set of prescribed complex mathematical calculations in order to add a block to a blockchain and thereby confirm digital asset transactions. A party which is successful in adding a block to the blockchain is awarded a fixed number of digital assets in return. At this time, we own no real estate. Since our inception, June 30, 2021, we have not generated any revenues. In order to implement our plan of operations for the next twelve-month period, we require a minimum of $200,000 in funding. At present, we plan to to acquire the aforementioned funding from the sale of our common stock pursuant to a Tier II Regulation A Offering we seek to conduct in the near future. The number of computers that we may purchase or lease for mining bitcoin will depend on how quickly we are able to raise funds thr

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET

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. -3- Table of Contents ITEM 4

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES Management's Report on Disclosure Controls and Procedures We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and our chief financial officer, Levi Jacobson, (who is acting as our principal executive officer, principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure. As of December 31, 2024, we carried out an evaluation, under the supervision of our chief executive officer, who also serves as our chief financial officer, of the effectiveness of the design and the operation of our disclosure controls and procedures. Our sole officer concluded that the disclosure controls and procedures were not effective as of the end of the period

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