Company: CCCP
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001477932-25-006183
Chunk: 28

Company: Crona Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

 13Table of Contents

RESULTS OF OPERATION

Results of Operations for the three and six months ended June 30, 2025, and 2024:

Revenue for three and six months ended June 30, 2025, and 2024

For the three and six months ended June 30, 2025, and 2024, we did not generate any revenue.

Operating expenses for the three and six months ended June 30, 2025, and 2024

Total operating expenses for the three months ended June 30, 2025, were $73,226 which included depreciation and amortization expenses of $7,299, general and administrative expenses of $20,227 professional fees of $45,700.

Total operating expenses for the three months ended June 30, 2024, were $21,414 which included depreciation and amortization expense of $7,371, general and administrative expenses of $2,043, and professional fees of $12,000.

Total operating expenses for the six months ended June 30, 2025, were $103,025 which included depreciation and amortization expenses of $14,598, general and administrative expenses of $20,227 professional fees of $68,200.

Total operating expenses for the six months ended June 30, 2024, were $33,548 which included amortization on convertible promissory note $1,863, depreciation and amortization expense of $14,743, general and administrative expenses of $3,942, and professional fees of $108,352.

Net Loss

The net loss for the six months ended June 30, 2025, and 2024 was $72,706 and $44,945 respectively.

The net loss increased for the six months ended June 30, 2025, when compared to the six months ended June 30, 2024, because there were inccreased professional fees. 

Liquidity and Capital Resources

As of June 30, 2025 we had no cash, total liabilities were $366,703 and a working capital deficit of $380,528.

Management believes the Company will continue to incur losses and negative cash flows from operating activities for the foreseeable future and will need additional equity or debt