ITEM 1
Condensed Consolidated Financial Statements (Unaudited)
3
ITEM 2 Management ’ s Discussion and Analysis of Financial Condition and Results of Operations 16
ITEM 3 Quantitative and Qualitative Disclosures About Market Risk 19
ITEM 4 Controls and Procedures 19
PART II – OTHER INFORMATION 20
ITEM 1 Legal Proceedings 20
ITEM 1A Risk Factors 20
ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds 20
ITEM 3 Defaults Upon Senior Securities 20
ITEM 4 Mine Safety Disclosures 20
ITEM 5 Other Information 20
ITEM 6 Exhibits 20
PART I – FINANCIAL INFORMATION
This Quarterly Report includes forward-looking statements within the meaning of the Securities Exchange Act of 1934 (the “Exchange Act”). These statements are based on management’s beliefs and assumptions, and on information currently available to management. Forward-looking statements include the information concerning our possible or assumed future results of operations set forth under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements also include statements in which words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “consider” or similar expressions are used.
Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions. Our future results and shareholder values may differ materially from those expressed in these forward-looking statements. Readers are cautioned not to put undue reliance on any forward-looking statements.
2
BALANCE SHEET
| Crown Marketing and Subsidiaries |
| Condensed Consolidated Balance Sheets |
| December 31, | June 30, |
| 2016 | 2016 |
| (Unaudited) |
| ASSETS |
| CURRENT ASSETS |
| Cash | $ | 4,057 | 4,669 |
| Other current assets under discontinued operations | 73,585 | 244,792 |
| TOTAL CURRENT ASSETS | $ | 77,642 | $ | 249,461 |
| LIABILITIES AND SHAREHOLDERS' DEFICIT |
| CURRENT LIABILITIES |
| Current liabilities under discontinued operations | $ | 783,419 | $ | 174,597 |
| TOTAL CURRENT LIABILITIES | 783,419 | 174,597 |
| Long-term liabilities under discontinued operations | -- | 1,168,129 |
| TOTAL LIABILITIES | 783,419 | 1,342,726 |
| SHAREHOLDERS' DEFICIT |
| Redeemable, convertible preferred stock, 10,000,000 shares authorized; |
| Series A voting preferred stock, zero and 500,000 shares issued and outstanding | -- | 500,000 |
| Common stock, no par value, unlimited shares authorized; |
| 20,236,021,800 and 20,056,021,800 shares issued and outstanding | -- | -- |
| Additional paid-in capital | 2,356,154 | 550,000 |
| Accumulated deficit | (3,061,931) | (2,143,265) |
| TOTAL SHAREHOLDERS' DEFICIT | (705,777) | (1,093,265) |
| TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT | $ | 77,642 | $ | 249,461 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. |

3
| Crown Marketing and Subsidiaries |
| Condensed Consolidated Statements of Operations |
| Three Months Ended | Six Months Ended |
| December 31, | December 31, |
| 2016 | 2015 | 2016 | 2015 |
| (Unaudited) | (Unaudited) |
| DISCONTINUED OPERATIONS: |
| Loss from discontinued operations | $ | (860,699) | $ | (114,990) | $ | (918,666) | $ | (808,011) |
| NET LOSS | $ | (860,699) | $ | (114,990) | $ | (918,666) | $ | (808,011) |
| Net loss attributable to non-controlling interest | 0 | (4,673) | 0 | (8,088) |
| NET LOSS ATTRIBUTABLE TO CROWN | $ | (860,699) | $ | (110,317) | $ | (918,666) | $ | (799,923) |
| BASIC AND DILUTED LOSS PER SHARE |
| FROM DISCONTINUED OPERATIONS | $ | (0) | $ | (0) | $ | (0) | $ | (0) |
| WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING |
| BASIC AND DILUTED | $ | 20,137,543,539 | 20,056,021,800 | $ | 20,096,782,670 | 20,042,570,713 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. |

| Crown Marketing and Subsidiaries |
| Condensed Consolidated Statement of Shareholders' Deficit (Unaudited) |
| Preferred Stock | Common Stock | Additional | Accumulated |
| Shares | Amount | Shares | Amount | Paid-in Capital | Deficit | Total |
| Balance, June 30, 2016 | 500,000 | $ | 500,000 | 20,056,021,800 | $ | -- | $ | 550,000 | $ | (2,143,265) | $ | (1,093,265) |
| Gain on termination of deferred lease obligation - related party | -- | -- | -- | -- | 636,154 | -- | 636,154 |
| Issuance of common stock upon conversion of preferred stock | (500,000) | (500,000) | 80,000,000 | -- | 500,000 | -- | -- |
| Stock based compensation | -- | -- | 100,000,000 | -- | 670,000 | -- | 670,000 |
| Net loss for the six months ended December 31, 2016 | -- | -- | -- | -- | -- | (918,666) | (918,666) |
| Balance, December 31, 2016 (unaudited) | -- | $ | -- | 20,236,021,800 | $ | -- | $ | 2,356,154 | $ | (3,061,931) | $ | (705,777) |
| The accompanying notes are an integral part of these condensed consolidated financial statements. |
| Crown Marketing and Subsidiaries |
| Condensed Consolidated Statements of Cash Flows |
| Six Months Ended |
| December 31, |
| 2016 | 2015 |
| (Unaudited) |
| Cash Flows from Operating Activities |
| Net loss | $ | (918,666) | $ | (808,011) |
| Adjustments to reconcile net loss to net cash used in operating activities |
| Fair value of shares issued for services | -- | 525,000 |
| Provision for bad debts | 14,858 | -- |
| Stock based compensation | 670,000 | -- |
| Accrued interest due to related party | 30,447 | 24,857 |
| Changes in operating Assets and Liabilities: |
| Accounts receivable | (12,826) | -- |
| Advances to suppliers | 242,760 | (228,671) |
| Inventories | (56,895) | (147,693) |
| Prepaid expenses | (16,690) | -- |
| Accounts payable | 7,000 | 5,000 |
| Due to related party | (5,600) | -- |
| Deferred revenue | 35,000 | -- |
| Accrued rent payable - related party | -- | 120,000 |
| Deferred lease obligations - related party | -- | 55,385 |
| Net cash used in operating activities | (10,612) | (454,133) |
| Cash Flows from Investing Activities |
| Sale of Crown Mobile common stock | -- | 25,000 |
| Net cash provided by investing activities | -- | 25,000 |
| Cash Flows from Financing Activities |
| Proceeds from note payable - related party | -- | 500,000 |
| Repayment of accrued interest - related party | -- | (23,000) |
| Proceeds from short-term loans payable | 59,250 |
| Repayment of short-term loans payable | (49,250) | -- |
| Advances from related party | -- | 34,977 |
| Advances from related party | -- | (71,262) |
| Net cash provided by financing activities | 10,000 | 440,715 |
| Net increase (decrease) in cash | (612) | 11,582 |
| Cash beginning of period | 4,669 | 24,276 |
| Cash end of period | $ | 4,057 | $ | 35,858 |
| Interest paid | $ | -- | $ | -- |
| Taxes paid | $ | -- | $ | -- |
| Non-cash transactions |
| Gain on termination of deferred lease obligation - related party |
| recorded as a contribution to additional paid-in capital | $ | 636,154 | $ | -- |
| Issuance of common stock for stock compensation | $ | 670,000 | $ | -- |
| Conversion of preferred stock to common stock | $ | 500,000 | $ | -- |
| Issuance of preferred stock to pay |
| accrued rent payable - related party | $ | -- | $ | 500,000 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. |

| 2016 | 2016 |
| (Unaudited) |
| ASSETS |
| CURRENT ASSETS |
| Cash | $ | 4,057 | $ | 4,669 |
| Accounts receivable | - | 2,032 |
| Inventory | 56,895 | - |
| Advances to suppliers | - | 242,760 |
| Prepaid expenses | 16,690 | - |
| TOTAL CURRENT ASSETS | $ | 77,642 | $ | 249,461 |
| LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) |
| CURRENT LIABILITIES |
| Accounts payable | $ | 11,020 | $ | 4,020 |
| Due to related party | - | 5,600 |
| Accrued rent - related party | 120,000 | 120,000 |
| Advances - related party | 34,977 | 34,977 |
| Deferred revenue | 35,000 | - |
| Loans payable | 10,000 | - |
| Notes payable - related parties | 10,000 | 10,000 |
| Note payable and accrued interest - related party | 562,422 | - |
| TOTAL CURRENT LIABILITIES | 783,419 | 174,597 |
| Deferred lease obligation - related party | - | 636,154 |
| Note payable and accrued interest - related party | - | 531,975 |
| TOTAL LIABILITIES | 783,419 | 1,342,726 |
| SHAREHOLDERS' EQUITY (DEFICIT) |
| Redeemable, convertible preferred stock, 10,000,000 shares authorized; |
| Series A voting preferred stock, zero and 500,000 shares issued and outstanding | - | 500,000 |
| Common stock, no par value, unlimited shares authorized; |
| 20,236,021,800 and 20,056,021,800 shares issued and outstanding | - | - |
| Additional paid-in capital | 2,356,154 | 550,000 |
| Accumulated deficit | (3,061,931) | (2,143,265) |
| TOTAL SHAREHOLDERS' EQUITY (DEFICIT) | (705,777) | (1,093,265) |
| TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT | $ | 77,642 | $ | 249,461 |
| T+A5:F44he accompanying notes are an integral part of these condensed consolidated financial statements. |

12 CROWN MARKETING AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) SIX MONTHS ENDED DECEMBER 31, 2016 AND 2015 NOTE 3 – DISCONTINUED OPERATIONS--Continued Revenue and expenses related to the discontinued operations were as follows:
| Three Months Ended | Six Months Ended |
| December 31, | December 31, |
| 2016 | 2015 | 2016 | 2015 |
| (Unaudited) | (Unaudited) |
| Sales | $ | 13,650 | $ | 1,460,934 | $ | 40,026 | $ | 1,534,836 |
| Cost of goods sold | 12,403 | 1,408,162 | 28,891 | 1,468,791 |
| Gross profit | 1,247 | 52,772 | 11,135 | 66,045 |
| Selling, general and administrative expenses: |
| Rent expense (related party in 2015) | 7,000 | 147,693 | 27,786 | 295,385 |
| Selling, general and administrative expenses | 838,972 | 35,145 | 870,818 | 584,113 |
| Total selling, general and administrative expenses | 845,972 | 182,838 | 898,604 | 879,498 |
| Loss from operations | (844,725) | (130,066) | (887,469) | (813,453) |
| Other expenses |
| Rental income | -- | 30,300 | 30,300 |
| Interest expense, related party | (15,974) | (15,224) | (31,197) | (24,858) |
| (15,974) | 15,076 | (31,197) | 5,442 |
| NET LOSS | (860,699) | (114,990) | (918,666) | (808,011) |
| Net loss attributable to non-controlling interest | -- | (4,673) | -- | (8,088) |
| NET LOSS ATTRIBUTABLE TO CROWN |
| MARKETING COMMON SHAREHOLDERS | $ | (860,699) | $ | (110,317) | $ | (918,666) | $ | (799,923) |
| BASIC AND DILUTED LOSS PER SHARE | $ | (0.00) | S | (0.00) | $ | (0.00) | $ | (0.00) |
| WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING |
| BASIC AND DILUTED | 20,137,543,539 | 20,056,021,800 | 20,096,782,670 | 20,042,570,713 |

| December 31, | June 30, |
| 2016 | 2016 |
| Note payable, interest at 12% per annum, secured by essentially all assets of the Company, due July 31, 2017. The lender is Temple CB LLC (“Temple”), a limited liability company controlled by Jay Hooper, the Company’s President and majority shareholder | $ | 562,422 | $ | 531,975 |
| Note payable to Jay Hooper, due on demand, interest at 4% per annum | 10,000 | 10,000 |
| 572,422 | 541,975 |
| Less: current portion | (572,422) | (10,000) |
| Notes payable, non-current portion | $ | -- | $ | 531,975 |

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Forward Looking Statement Notice
Certain statements made in this Quarterly Report on Form 10-Q are “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) regarding the plans and objectives of management for future operations. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Crown Marketing, (“we”, “us”, “our” or the “Company”) to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. The Company's plans and objectives are based, in part, on assumptions involving the continued expansion of business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Although the Company believes its assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included in this Quarterly Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
History and Organization
Crown Marketing is a Wyoming corporation (the "Company"). Pursuant to an Agreement and Plan of Reorganization dated December 2, 2013, the Company acquired all of the common stock of Okra Energy, Inc., a California corporation that was subscribed for on December 2, 2013 and then incorporated on December 18, 2013, in exchange for 16,155,746,000 shares of Common Stock of the Company (the "Common Stock") at the closing of the Agreement on December 3, 2013. Immediately prior to the closing, there were approximately 3,825,275,800 shares of Common Stock outstanding. After the closing, the beneficial owner of Okra Energy, Inc. shareholder, Jay Hooper, owned approximately 98.8% of the outstanding shares of common stock of the Company. The transaction was accounted for as a reverse merger (recapitalization) with Okra Energy, Inc. deemed to be the accounting acquirer and the Company deemed to be the legal acquirer. The financial statements presented herein are those of the accounting acquirer. The Company subsequently changed its name from Crown Marketing to Okra, Inc., but later changed the name of the Company back to Crown Marketing.
Concurrently with the merger, Jay Hooper was appointed as the sole director and President of the Company.
On January 19, 2017, the Company’s majority shareholder sold his shares to an investor group and the Company ceased its operations. Going forward, the Company’s operations will be determined by the new investor group. As such, the Company has accounted for all of its assets, liabilities and results of operations as discontinued operations as of December 31, 2016.
Overview of Business
Subsequent to December 31, 2016, the Company ceased its operations relating to the sales of consumer products. Effective January 19, 2017, the Company, under its new ownership and management team, will implement new operations.
17
Critical Accounting Policies and Estimates
Revenues
During the six months ended December 31, 2016, the Company’s revenues partly related to consignment sales. In the fourth quarter of fiscal 2016, the Company entered into agreements with certain of its vendors in which the Company agreed to sell the vendor’s products on a consignment basis. The Company accounts for the revenues on a net basis based on the guidance of ASC 605-45, as the Company acts as an agent under the agreements. The Company recognizes revenue under these consignment agreements when they ship the vendor’s products to their customers and recognize a 2.5% fee, per the agreements, on the date of shipment. The gross and net sales relating to the agreements during the three months ended December 31, 2016 were $130,000 and $3,250, respectively. The gross and net sales relating to the agreements during the six months ended December 31, 2016 were $513,027 and $12,826, respectively. There was no consignment sales during the three and six months ended December 31, 2015.
On product sales, primarily relating to scooter parts and other consumer products, the Company recognizes revenue when the following fundamental criteria are met: (i) persuasive evidence of an arrangement exists; (ii) delivery has occurred; (iii) the price is fixed or determinable; and (iv) collectability is reasonably assured. Revenue is recognized for hardware product sales upon transfer of title and risk of loss to the customer. We record reductions to revenue for estimated product returns and pricing adjustments in the same period that the related revenue is recorded. These estimates are based on contractual return rights, historical sales returns, analysis of credit memo data and other factors known at the time. If actual future returns and pricing adjustments differ from past experience and our estimates, adjustments to revenue reserves may be required.
During the three months ended December 31, 2016, the Company entered into an agreement to develop an app for a customer. The Company hired a third party developer to develop the app. The total amount paid by the customer during the three months ended December 31, 2016 was $35,000. The amount paid by the customer was recorded as deferred revenue at December 31, 2016, as the app was not completed until January 2017. During the three months ended December 31, 2016, the Company paid the third party developer $16,690, which was recorded as a prepaid expense at December 31, 2016.
Effective January 1, 2017, all of the Company’s operations generating these sales became discontinued operations (see Note 3).
Estimates
The preparation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of net sales and expenses during the reported periods. Actual results may differ from those estimates and such differences may be material to the financial statements. The more significant estimates and assumptions by management include among others, the fair value of shares of common stock issued for services. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions.
Recent Accounting Pronouncements
See Footnote 2 of the financial statements for a discussion of recently issued accounting standards.
Results of Operations
18
Results of Operations for the three months ended December 31, 2016 compared to the three months ended December 31, 2015.
There was no revenue, cost of sales or operating expenses from continuing operations for the three months ended December 31, 2016 and 2015. Our net loss for the three months ended December 31, 2016 was $860,699, compared to $114,990 for the three months ended December 31, 2015. The primary reason for the increase in the net loss in 2016 was the recording of $670,000 of stock based compensation relating to the issuance of 100 million shares to an individual.
Results of Operations for the six months ended December 31, 2016 compared to the six months ended December 31, 2015.
There was no revenue, cost of sales or operating expenses from continuing operations for the six months ended December 31, 2016 and 2015. Our net loss for the six months ended December 31, 2016 was $918,666, compared to $808,011 for the six months ended December 31, 2015. The primary reason for the increase in the net loss in 2016 was the recording of stock based compensation of $670,000, while during the six months ended December 31, 2015, the Company issued common stock for services in the amount of $525,000.
Liquidity and Capital Resources
Liquidity is the ability of a company to generate funds to support its current and future operations, satisfy its obligations, and otherwise operate on an ongoing basis. Significant factors in the management of liquidity are funds generated by operations, levels of accounts receivable and accounts payable and capital expenditures.
The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying condensed consolidated financial statements, the Company has incurred recurring net losses. For the six months ended December 31, 2016, the Company recorded a net loss of $918,666, used cash to fund operating activities of $10,612, and at December 31, 2016, had a shareholders’ deficit of $705,777. These factors create substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
During the six months ended December 31, 2016, the Company’s majority shareholder sold the majority of his shares to an investor group. The new management’s plans to continue as a going concern revolve around its ability to achieve profitable operations, as well as raise necessary capital to pay ongoing general and administrative expenses of the Company. The ability of the Company to continue as a going concern is dependent on securing additional sources of capital and the success of the Company's plan. There is no assurance that the Company will be successful in raising the additional capital or in achieving profitable operations.
Our cash needs for the six months ended December 31, 2016 were primarily met by short-term loans payable of $59,250, plus a note payable of $500,000 from a company owned by our majority shareholder during the year ended June 30, 2016. As of December 31, 2016, we had a cash balance of $4,057. Our new majority shareholders will need to provide all of our working capital until at least June 30, 2017.
Primarily as a result of our recurring losses and our lack of liquidity, we received a report from our independent registered public accounting firm for our financial statements for the year ended June 30, 2016 that includes an explanatory paragraph describing the uncertainty as to our ability to continue as a going concern.
For the six months ended December 31, 2016
Cash flows from operating activities
There were no cash flows from continuing operating activities for the six months ended December 31, 2016.
Cash flows from investing activities
There were no cash flows from continuing investing activities for the six months ended December 31, 2016.
Cash flows from financing activities
There were no cash flows from continuing financing activities for the six months ended December 31, 2016.
Financial Position
As of December 31, 2016, we had $4,057 in cash, negative working capital of $705,777 and an accumulated deficit of $3,061,931.
As of June 30, 2016, we had $4,699 in cash, working capital of $74,864 and an accumulated deficit of $2,143,265.
As of December 31, 2016 and June 30, 2016, $34,977 was due to the Company’s President and majority shareholder, Mr. Jay Hooper, for advances made to the Company to pay for operating expenses. The advances are non-interest bearing and are due on demand.
As of December 31, 2016 and June 30, 2015, a loan of $10,000 due to Mr. Hooper is due on demand and bears interest at 4%.
In August 2015, the lessor of the Company’s premises, which is also a related party, loaned $500,000 to the Company. The loan accrues interest at 12% per annum and is secured by essentially all assets of the Company. The unpaid principal and all accrued but unpaid interest is due and payable on or before July 31, 2017. As of December 31, 2016, $500,000 of principal and $62,422 of accrued interest was owed on the note.
During the six months ended December 31, 2016, the Company borrowed $59,250 from three individuals and a corporation. The loans are interest free, are unsecured and are due on demand. During the six months ended December 31, 2016, $49,250 of the loans was repaid. The total amount outstanding relating to these loans at December 31, 206 was $10,000.
Contractual Obligations and Off-Balance Sheet Arrangements
We do not have any contractual obligations or off balance sheet arrangements.
19
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.
Item 4. Controls and Procedures.
Evaluation of Disclosure Controls and Procedures
Evaluation of Disclosure Controls and Procedures
Based upon an evaluation of the effectiveness of our disclosure controls and procedures performed by our Chief Executive Officer as of the end of the period covered by this report, our Chief Executive Officer concluded that our disclosure controls and procedures have not been effective as a result of a weakness in the design of internal control over financial reporting identified below.
As used herein, “disclosure controls and procedures” mean controls and other procedures of our company that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
Management’s Annual Report on Internal Control over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f) under the Securities Exchange Act of 1934. Our Chief Executive Officer/Chief Accounting Officer conducted an evaluation of the effectiveness of our control over financial reporting based on the framework in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO 2013”). Based on management’s evaluation under the framework, management has concluded that our internal control over financial reporting was not effective as of December 31, 2016.
Changes in Internal Controls
There have been no changes in our internal controls over financial reporting during the period ended December 31, 2016 that have materially affected or are reasonably likely to materially affect our internal controls.
PART II — OTHER INFORMATION
Item 1. Legal Proceedings.
We are not a party to or otherwise involved in any legal proceedings.
In the ordinary course of business, we are from time to time involved in various pending or threatened legal actions. The litigation process is inherently uncertain and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results of operations. However, in the opinion of our management, other than as set forth herein, matters currently pending or threatened against us are not expected to have a material adverse effect on our financial position or results of operations.
Item 1A. Risk Factors.
As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
In October 2016, the holder of the Company’s 500,000 shares of outstanding Series A preferred stock, Temple CB, presented a Notice of Conversion to the Company, which obligated the Company to issue 80,000,000 shares of its common stock to Temple CB in exchange for the 500,000 shares of the preferred stock.
In June 2016, the Company entered into an agreement with an individual under which the Company issued 100,000,000 shares of its common stock to the individual in October 2016.
Item 3. Defaults Upon Senior Securities.
There have been no events which are required to be reported under this Item.
Item 4. Mine Safety Disclosures.
Not applicable.
Item 5. Other Information.
None.
20
Item 6. Exhibits and Financial Statement Schedules
31.1
Certification of CEO and CFO. Filed herewith.
32.1
Certification pursuant to 18 U.S.C. Section 1350 of CEO and CFO. Filed herewith.
101.INS*
XBRL Instance Document
101.SCH*
XBRL Taxonomy Extension Schema Document
101.CAL*
XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*
XBRL Taxonomy Extension Definition Linkbase Definition
101.PRE*
XBRL Taxonomy Extension Presentation Linkbase Document
101.LAB*
XBRL Taxonomy Extension Label Linkbase Document
*XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections. In accordance with SEC Release 33-8238, Exhibits 32.1 and 32.2 are furnished and not filed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| CROWN MARKETING |
| Dated: February 21, 2017 | By: | /s/ Jay Hooper |
| Jay Hooper |
| President and Chief Financial Officer (chief financial and accounting officer and duly authorized officer) |

21

Question: What is the percentage change in Equity Capital (shareholders' deficit) between June 30, 2016 and December 31, 2016?

Python solution:
def solution():
    #Define variables name and value
    initial_equity = -1093265
    final_equity = -705777

    #Do math calculation to get the answer
    change_in_equity = ((final_equity - initial_equity) / abs(initial_equity)) * 100
    answer = change_in_equity
    return answer


Answer: 35.4431908092