Mon, Feb 3, 4:50 PM (8 days ago)
C2 Blockchain, Inc. (CBLO) reported a net loss of $4,780 for Q2 2025, compared to a loss of $3,960 in the same quarter of the previous year. For the six months ending December 31, 2024, losses totaled $12,564, slightly down from $13,510 in 2023, primarily due to general and administrative expenses. The company had minimal cash reserves of $20 as of December 31, 2024, down from $30 in June 2024, and relies heavily on related party loans, which increased to $73,768. The firm has not yet commenced significant operations, focusing on future plans to build a Bitcoin mining facility in Georgia. However, it faces substantial going concern uncertainties due to negative financial trends, lack of revenue, and a need for at least $200,000 in funding to advance its plans. Future operations hinge on successfully raising capital through a Regulation A Tier II Offering. The company's financial position remains precarious, with no revenue generation and significant accumulated losses of $75,083. Management acknowledges the risks associated with its business model and funding strategy.