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

Company: Crona Corp.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 10
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 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 financing to sustain its operations until it can achieve profitability and positive cash flows, if ever. The Company’s continuation as a going concern is dependent upon its ability to ultimately attain profitable operations, generate sufficient cash flow to meet its obligations, and obtain additional financing as may be required. The outcome of this uncertainty cannot be assured. Our independent registered public accounting firm, in their reports on our financial statements for the year ended December 31, 2024, expressed substantial doubt about our ability to continue as a going concern. These circumstances could complicate our ability to raise additional capital. Our financial statements do not