Company: CCCP
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001477932-25-006183
Chunk: 35

Company: Crona Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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 and whether the action will promote efficiency, competition and capital formation; Submit certain executive compensation on matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency;”

Disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median employee compensation.

In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those 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