Company: CCCP
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003752
Chunk: 33

Company: Crona Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 33
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December 31,2024 Property, plant and equipment, gross $24,980  $24,980 Less: Depreciation  (11,958)  (10,910)Property, plant and equipment, net  13,022   14,070  Total depreciation expenses for the three months ended March 31, 2025, and 2024, were $1,048 and $1,120, respectively. 

Note 6 – INTANGIBLE ASSETS The Company’s intangible assets as of March 31, 2025, and December 31, 2024, are as follows:    March 31,2024  December 31,2024 Intangible assets, gross $75,020  $75,020 Less: Amortization  (56,265)  (50,014)Intangible assets, net $18,755  $25,006  Total amortization expenses for the three months ended March 31, 2025, and 2024, were $6,252 and $6,252 respectively. 

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 March 31, 2025   Face value  Discount onPromissory Note  Net payable  Accrued Interest Convertible Promissory Note  $132,500  $0  $132,500  $34,032 Total $132,500  $0  $132,500  $34,032 

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  As of December 31, 2024   Face value  Discount onPromissory Note  Net payable  Accrued Interest Convertible Promissory Note  $132,500  $0  $132,500  $30