Company: CCCP
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001477932-25-006183
Chunk: 4

Company: Crona Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 4
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ANT & EQUIPMENT The Company’s Property plant and equipment as of June 30, 2025, and December 31, 2024, are as follows   June 30, 2025  December 31, 2024 Property, plant and equipment, gross $24,980  $24,980 Less: Depreciation  (13,006)  (10,910)Property, plant and equipment, net  11,974   14,070  Total depreciation expenses for the six months ended June 30, 2025, and 2024, were $2,096 and $2,240, respectively.

Note 6 – INTANGIBLE ASSETS The Company’s intangible assets as of June 30, 2025, and December 31, 2024, are as follows:   June 30, 2025  December 31, 2024 Intangible assets, gross $75,020  $75,020 Less: Amortization  (62,516)  (50,014)Intangible assets, net $12,504  $25,006  Total amortization expenses for the six months ended June 30, 2025, and 2024, were $12,502 and $12,503 respectively.

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Note 7 – CONVERTIBLE PROMISSORY NOTE On February 09, 2023, the Company issued a convertible promissory note (the “February 2023 Note”) at a face value of $133,000 to a third party at an interest rate of 12% per annum. Net proceeds received against the promissory note are $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue with a conversion price of $0.10.   As of June 30, 2025    Face value  Discount onPromissory Note  Net payable  AccruedInterest Convertible Promissory Note $132,000  $-  $132,000  $34,032 Total $132,000  $-  $132,000  $34,032     As of December 31, 2024   Face value  Discount onPromissory