Crona Corp. Files 10-Q for Period Ending September 30, 2023

TL;DR

<b>Crona Corp. filed its Q3 2023 10-Q report, detailing financial performance and operational updates.</b>

AI Summary

Crona Corp. (CCCP) filed a Quarterly Report (10-Q) with the SEC on January 16, 2024. Crona Corp. reported financial results for the nine months ended September 30, 2023. The company's fiscal year ends on December 31. The filing is a 10-Q, indicating a quarterly report. Key dates include the filing date of January 16, 2024, and the reporting period ending September 30, 2023. The company's principal executive offices are located in Vancouver, A1.

Why It Matters

For investors and stakeholders tracking Crona Corp., this filing contains several important signals. This 10-Q filing provides investors with a crucial update on Crona Corp.'s financial health and operational progress for the third quarter of 2023. Understanding the details within this report is essential for assessing the company's current performance, identifying potential risks, and making informed investment decisions.

Risk Assessment

Risk Level: medium — Crona Corp. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q) for Crona Corp., which is typical for publicly traded companies and does not inherently signal significant positive or negative events, thus warranting a medium risk assessment.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Crona Corp.'s performance trends and future outlook.

Key Numbers

• 2023-09-30 — Reporting Period End Date (Conformed Period of Report)
• 2024-01-16 — Filing Date (Filed As Of Date)
• 2023-12-31 — Fiscal Year End (Fiscal Year End)

Key Players & Entities

• Crona Corp. (company) — Filer name
• 0001696411 (company) — Central Index Key
• 7389 (company) — Standard Industrial Classification
• 352574778 (company) — IRS Number
• 422 RICHARDS STREET, UNIT 170 (company) — Business Address Street 1
• VANCOUVER (company) — Business Address City
• A1 (company) — Business Address State
• V6B 2Z4 (company) — Business Address Zip

Forward-Looking Statements

• The issuance of Preferred Class B Stock could lead to future dividend obligations or potential dilution if converted. (Crona Corp.) — medium confidence, target: 2024-12-31
• The acquisition of Zeroblast Services Ltd. will likely be reflected in the company's full-year 2023 financial results, showing its impact on revenue and expenses. (Crona Corp.) — high confidence, target: 2024-03-31

FAQ

Industry Context

Crona Corp. operates within the Services-Business Services, NEC sector, as indicated by its SIC code 7389.

Regulatory Implications

As a publicly traded company, Crona Corp. is subject to the reporting requirements of the Securities Exchange Act of 1934, necessitating the filing of this 10-Q.

What Investors Should Do

1. Analyze the balance sheet, income statement, and cash flow statement for the nine months ended September 30, 2023.
2. Examine any disclosures related to new rental agreements or other significant business developments.
3. Review the company's executive compensation details if available in the full filing.

Key Dates

• 2023-09-30: End of Reporting Period — Covers financial results for the nine months ended on this date.
• 2024-01-16: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is a 10-Q filing, which is a standard quarterly report. Specific comparative data from the previous filing is not detailed in this header information.

Key Financial Figures

• $371 m — tered into a new rental agreement for a $371 monthly fee, starting on December 1, 2020
• $500,000 — o Chris Brown for cash consideration of $500,000. On December 29, 2022 a change in cont
• $0.00001 — ssue to 1,000,000,000 shares, par value $0.00001 per share. On February 7, 2023 the Com

Filing Documents

• crona_10q.htm (10-Q) — 525KB
• crona_ex311.htm (EX-31.1) — 9KB
• crona_ex321.htm (EX-32.1) — 5KB
• 0001477932-24-000185.txt (&nbsp;) — 2306KB
• crona-20230930.xsd (EX-101.SCH) — 25KB
• crona-20230930_lab.xml (EX-101.LAB) — 150KB
• crona-20230930_cal.xml (EX-101.CAL) — 33KB
• crona-20230930_pre.xml (EX-101.PRE) — 124KB
• crona-20230930_def.xml (EX-101.DEF) — 46KB
• crona_10q_htm.xml (XML) — 204KB

Financial Statements

Financial Statements 3 Balance Sheets as of September 30, 2023 (Unaudited) and December 31, 2022 4 5 6 7 Notes to the Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 16 Item 4.

Controls and Procedures

Controls and Procedures 16 PART II OTHER INFORMATION: 17 Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A.

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Submission of Matters to a Vote of Securities Holders 17 Item 5. Other Information 17 Item 6. Exhibits 18

Signatures

Signatures 19 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements The accompanying interim financial statements of Crona Corp. ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. The interim financial statements should be read in conjunction with the Company's latest annual financial statements. In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. 3 Table of Contents Crona Corp. BALANCE SHEETS September 30, 2023 (unaudited) and December 31, 2022 September 30, 2023 December 31, 2022 ASSETS Current Assets Cash 6 - Prepaid expenses $ 1,011 $ 2,510 Total Current Assets 1,017 2510 Long-term Assets Intangible asset, net 56,265 75,020 Property, plant and equipment, net 19,887 24,980 Total Long-term Assets 76,152 100,000 Total Assets $ 77,169 $ 102,510 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Liabilities Current Liabilities Accounts payable $ 1,398 $ 99 Accrued expenses 1,000 1,500 Interest payable 10,188 - Related party advances 3,650 221 .00 Convertible notes payable, net of discount 126,852 - Total Current Liabilities 143,088 1,820 Promissory note, related party 100,000 100,000 Total Long Term Liabilities 100,000 100,000 Total Liabilities 243,088 101,820 Commitments and contingencies (Note 6) Stockholders' (Deficit) Equity Preferred stock, par value $ 0.00001 10,000,000 shares authorized, 5,000,000 shares issued and outstanding

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward looking statement notice Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles. DESCRIPTION OF BUSINESS Brief description of Crona Corp. The Company was incorporated on October 6, 2016 under the laws of the State of Nevada. On December 29, 2022, Andrei Gurduiala, former President of Crona Corp. (the "Company") closed a Share Purchase Agreement (the "Agreement") that he entered with Chris Brown to sell all his 5,000,000 common sh

View Full Filing

View this 10-Q filing on SEC EDGAR