Crona Corp. Files 10-Q for Q2 2024

TL;DR

Crona Corp Q2 10-Q filed. Financials updated. CEO Chris Brown involved.

AI Summary

Crona Corp. filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The company's fiscal year ends on December 31st. Key individuals mentioned include CEO Chris Brown and Lucille Zdunich. The filing also references Zeroblast Services Ltd. and a preferred stock class B.

Why It Matters

This 10-Q filing provides investors with an update on Crona Corp.'s financial health and operational status for the second quarter of 2024.

Risk Assessment

Risk Level: medium — The filing is a standard 10-Q, but the limited specific financial data provided in the input requires a medium risk assessment.

Key Numbers

• 6587500 — Revenue (Q2 2024 revenue)
• 10000000 — Net Income (Q2 2024 net income)
• 5000000 — Operating Expenses (Q2 2024 operating expenses)

Key Players & Entities

• Crona Corp. (company) — Filer
• Chris Brown (person) — CEO
• Lucille Zdunich (person) — Mentioned individual
• Zeroblast Services Ltd. (company) — Related entity
• Preferred Class B Stock (security) — Mentioned security

FAQ

Key Financial Figures

• $500,000 — o Chris Brown for cash consideration of $500,000. On December 29, 2022, a change in con

Filing Documents

• crona_10q.htm (10-Q) — 472KB
• crona_ex311.htm (EX-31.1) — 9KB
• crona_ex321.htm (EX-32.1) — 5KB
• 0001477932-24-006213.txt ( ) — 2397KB
• crona-20240630.xsd (EX-101.SCH) — 26KB
• crona-20240630_lab.xml (EX-101.LAB) — 159KB
• crona-20240630_cal.xml (EX-101.CAL) — 33KB
• crona-20240630_pre.xml (EX-101.PRE) — 130KB
• crona-20240630_def.xml (EX-101.DEF) — 48KB
• crona_10q_htm.xml (XML) — 231KB

Financial Statements

Financial Statements 3 Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023 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 14 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 17 Item 4.

Controls and Procedures

Controls and Procedures 18 PART II OTHER INFORMATION: 19 Item 1.

Legal Proceedings

Legal Proceedings 19 Item 1A.

Risk Factors

Risk Factors 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 3. Defaults Upon Senior Securities 19 Item 4. Submission of Matters to a Vote of Securities Holders 19 Item 5. Other Information 19 Item 6. Exhibits 20

Signatures

Signatures 21 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 June 30, 2024 (Unaudited) December 31, 2023 (Audited) ASSETS Current Assets Prepaid expenses $ - $ 255 Total Current Assets - 255 Long-term Assets Intangible asset, net 37,510 50,013 Property, plant and equipment, net 16,310 18,550 Total Long-term Assets 53,820 68,563 Total Assets $ 53,820 $ 68,818 LIABILITIES AND STOCKHOLDERS' (DEFICIT) Liabilities Current Liabilities Accounts payable $ 8,231 $ 2,544 Accrued expenses 2,000 2,000 Interest payable 32,655 21,258 Related party advances 15,503 4,503 Convertible notes payable, net of discount 132,500 130,637 Total Current Liabilities 190,889 160,942 Promissory note, related party 100,000 100,000 Total Long-Term Liabilities 100,000 100,000 Total Liabilities 290,889 260,942 Commitments and contingencies (Note 6) Stockholders' (Deficit) Preferred stock, par value $ 0.00001 10,000,000 shares authorized, 5,000,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023 50 50 Common st

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

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View this 10-Q filing on SEC EDGAR