Company: CCCP
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003752
Chunk: 21

Company: Crona Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 21
---
 the carrying amounts of our assets and liabilities that might result from the outcome of this uncertainty. 

The accompanying consolidating financial statements do not include any adjustments that might result from the outcome of this uncertainty. There can be no assurance that management will be successful in implementing its business plan or that the successful implementation of such business plan will actually improve the Company's operating results. 

CASH FLOWS FROM OPERATING ACTIVITIES

We have not generated positive cash flows from operating activities. For the three months ended March 31, 2025, net cash used in operating activities was $(27,581), which consisted of a net loss of $(4,530), depreciation and amortization expense of $7,299, interest payable of $5,647, accounts payable of $(5,081), share based compensation of $5,050 and debt forgiveness (35,966).

CASH FLOWS FROM INVESTING ACTIVITIES

For the three months ended March 31, 2025, we generated $0 in investing activities.

 17Table of Contents

CASH FLOWS FROM FINANCING ACTIVITIES

For the three months ended March 31, 2025, net cash flow provided by financing activities was $27,581 which included the proceeds from related party of $27,581.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

None

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the 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 an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar