Company: CCCP
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001477932-25-001313
Chunk: 192

Company: Crona Corp.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 192
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 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 is $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue. The extended payment date shall be thirty six (36) months from the issue date.   As of December 31, 2024   Face value  Discount on Promissory Note  Net payable  Accrued Interest Convertible Promissory Note  $132,500  $0  $132,500  $30,111 Total $132,500  $0  $132,500  $30,111    As of December 31, 2023   Face value  Discount on Promissory Note  Net payable  Accrued Interest Convertible Promissory Note  $133,000  $(1,863) $130,637  $14,200 Less: Common Stock Issued $500             Total $132,500  $(1,863) $130,637  $14,200  On October 27, 2023, 500,000 shares of common stock was issued at a rate of $0.001 to settle the promissory note value of $500. Accrued Interest as of December 31, 2024, is $30,111 and December 31, 2023, is $ 14,200. The promissory note payable is $ 132,500 and $130,637 as of December 31, 2024, and December 31, 2023. Total interest expenses of $15,911  and $14,200  for the year ended December 31, 2024, and 2023.

Note 8 – RELATED PARTY TRANSACTIONS On December 29, 2022, the Company entered a promissory Note with a related party, Zeroblast Services Ltd. (Seller). The Promissory Note is entered into as an exchange for all business assets of the Seller at $100