Crown Equity Holdings Reports $450M Assets in Q3 2024

TL;DR

CRWE's Q3 2024 10-Q shows $450M in assets. Big stuff happening with members.

AI Summary

Crown Equity Holdings, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $450,000,000. Significant transactions and events occurred, including a subsequent event on October 1, 2024, and various member-related filings throughout February and September 2024.

Why It Matters

This filing provides a snapshot of Crown Equity Holdings' financial position as of Q3 2024, including its asset base, which is crucial for investors to assess the company's scale and stability.

Risk Assessment

Risk Level: medium — The company has a history of name changes and the filing details numerous member-related transactions, suggesting potential complexity or ongoing restructuring.

Key Numbers

• $450.0B — Total Assets (As of September 30, 2024)

Key Players & Entities

• Crown Equity Holdings, Inc. (company) — Filer
• 2024-09-30 (date) — End of reporting period
• $450,000,000 (dollar_amount) — Total assets
• 2024-10-01 (date) — Subsequent event date
• Mike Zaman Irrevocable Trust (company) — Member
• Arnulfo Saucedo Bardan (person) — Member
• Mike Zaman (person) — Member
• Vinoth Sambandam (person) — Member
• Cloud Network Systems Inc (company) — Member
• Montse Zaman (person) — Member

FAQ

Filing Documents

• crwe_10q.htm (10-Q) — 857KB
• crwe_ex311.htm (EX-31.1) — 9KB
• crwe_ex312.htm (EX-31.2) — 10KB
• crwe_ex321.htm (EX-32.1) — 4KB
• crwe_ex322.htm (EX-32.2) — 4KB
• 0001477932-24-007443.txt ( ) — 4467KB
• crwe-20240930.xsd (EX-101.SCH) — 53KB
• crwe-20240930_lab.xml (EX-101.LAB) — 242KB
• crwe-20240930_cal.xml (EX-101.CAL) — 37KB
• crwe-20240930_pre.xml (EX-101.PRE) — 215KB
• crwe-20240930_def.xml (EX-101.DEF) — 142KB
• crwe_10q_htm.xml (XML) — 827KB

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION 3 Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 (Audited) 4 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Changes in Stockholders' Deficit for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (Unaudited) 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8 Item 2.

Management's Discussion and Analysis and Plan of Operation

Management's Discussion and Analysis and Plan of Operation 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 21 Item 4T.

Controls and Procedures

Controls and Procedures 21

: OTHER INFORMATION

PART II: OTHER INFORMATION 22 Item 1.

Legal Proceedings

Legal Proceedings 22 Item 1A.

Risk Factors

Risk Factors 22 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22 Item 3. Defaults upon Senior Securities 22 Item 4. Mine Safety Information 22 Item 5. Other Information 22 Item 6. Exhibits 23

Signatures

Signatures 24 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION DEFINITIONS In this Quarterly Report on Form 10-Q, the words "Crown Equity", the "Company", the "Registrant", "we", "our", "ours" and "us" refer to Crown Equity Holdings, Inc. DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q includes certain statements that may be deemed "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, all of which are based upon various estimates and assumptions that the Company believes to be reasonable as of the date hereof. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "seek," "estimate," "predict," "potential," "pursue," "target," "continue," the negative of such terms or other comparable terminology. These statements involve risks and uncertainties that could cause the Company's actual future outcomes to differ materially from those set forth in such statements. Such risks and uncertainties include, but are not limited to: the possibility that certain tax benefits of our net operating losses may be restricted or reduced in a change in ownership or a further change in the federal tax rate; the inability to carry out plans and strategies as expected limitations on the availability of sufficient credit or cash flow to fund our working capital needs and capital expenditures and debt service; difficulty in fulfilling the terms of our convertible note payables, which could result in a default and acceleration of our indebtedness under our convertible note payables; the possibility that we issue additional shares of common stock or convertible securities that will dilute the percentage ownership interest of existing stockholders and may dilute the book value per share of our common stock; the relatively low trading volum

View Full Filing

View this 10-Q filing on SEC EDGAR