Wed, May 15, 5:08 PM (253 days ago)
C2 Blockchain, Inc. reported its financial results for the quarter ended March 31, 2024. The company remains in a developmental stage with no revenue generation, relying on funding from its sole officer and director, Levi Jacobson. The company recorded a net loss of $3,980 for Q3 2024, compared to a net loss of $4,919 in Q3 2023. For the nine months ended March 31, 2024, the net loss was $17,490, up from $12,207 in the same period in 2023. The company’s cash balance was $60 as of March 31, 2024, with total liabilities of $48,714, primarily from loans by related parties. The accumulated deficit increased to $49,989. The company plans to raise capital through a Regulation A Offering to fund its operations, including the development of a Bitcoin mining facility in Georgia. The financial statements indicate substantial doubt about the company's ability to continue as a going concern due to its financial condition and lack of revenue.