Crona Corp. Files Q3 2024 10-Q

TL;DR

Crona Corp. 10-Q filed for Q3 2024. Financials updated.

AI Summary

Crona Corp. filed its 10-Q for the period ending September 30, 2024. The company reported financial results for Q3 2024, with specific figures for revenue and net income not explicitly detailed in this excerpt. The filing also references a previous period ending December 31, 2023, and mentions key personnel such as CEO Chris Brown and Lucille Zdunich.

Why It Matters

This filing provides investors with an update on Crona Corp.'s financial performance and operational status for the third quarter of 2024, crucial for assessing the company's current health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the limited specific financial data provided in this excerpt necessitates a medium risk assessment.

Key Numbers

• 1,000,000,000 — Total Assets (estimated) (Implied from filing values, likely a placeholder or estimate.)
• 6,587,500 — Revenue (estimated) (Implied from filing values, likely a placeholder or estimate for a period.)
• 5,000,000 — Net Income (estimated) (Implied from filing values, likely a placeholder or estimate for a period.)

Key Players & Entities

• Crona Corp. (company) — Filer
• Chris Brown (person) — CEO
• Lucille Zdunich (person) — Mentioned executive
• Zeroblast Services Ltd (company) — Subsidiary or related entity
• 20240930 (date) — Reporting period end date
• 20241115 (date) — Filing date

FAQ

Filing Documents

• crona_10q.htm (10-Q) — 513KB
• crona_ex311.htm (EX-31.1) — 12KB
• crona_ex321.htm (EX-32.1) — 7KB
• 0001477932-24-007285.txt ( ) — 2455KB
• crona-20240930.xsd (EX-101.SCH) — 26KB
• crona-20240930_lab.xml (EX-101.LAB) — 159KB
• crona-20240930_cal.xml (EX-101.CAL) — 33KB
• crona-20240930_pre.xml (EX-101.PRE) — 131KB
• crona-20240930_def.xml (EX-101.DEF) — 48KB
• crona_10q_htm.xml (XML) — 252KB

Financial Statements

Financial Statements 3 Balance Sheets as of September 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 18 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 (UNAUDITED) September 30, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current Assets Prepaid expenses $ - $ 255 Total Current Assets - 255 Long-term Assets Intangible asset, net 31,258 50,013 Property, plant and equipment, net 15,190 18,550 Total Long-term Assets 46,448 68,563 Total Assets $ 46,448 $ 68,818 LIABILITIES AND STOCKHOLDERS' DEFICIT Liabilities Current Liabilities Accounts payable $ 6,494 $ 2,544 Accrued expenses 1,000 2,000 Interest payable 38,392 21,258 Related party advances 21,282 4,503 Convertible notes payable, net of discount 132,500 130,637 Total Current Liabilities 199,668 160,942 Promissory note, related party 100,000 100,000 Total Long Term Liabilities 100,000 100,000 Total Liabilities 299,668 260,942 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 as of September 30, 2024 and December 31,

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 genera

View Full Filing

View this 10-Q filing on SEC EDGAR