Company: CCCP
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001477932-25-001313
Chunk: 156

Company: Crona Corp.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 6
Chunk 156
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 6Table of Contents

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

RESULTS OF OPERATIONS

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

FISCAL YEAR ENDED DECEMBER 31, 2024 COMPARED TO FISCAL YEAR ENDED DECEMBER 31, 2023.

Our net loss for the fiscal year ended December 31, 2024 was $77,395 compared to a net loss of $193,626 during the fiscal year ended December 31, 2023. The changes are related to decrease in professional fees.

Operating expenses for the year ended December 31, 2024 consisted of amortization on convertible promissory note of $1,863; depreciation expenses of $29,487; professional fees of $15,612 and general and administrative expenses of $7,562. Operating expenses for the year ended December 31, 2023 consisted of professional fees of $110,514; amortization on convertible promissory note of $15,137; depreciation expenses of $31,437 and general and administrative expenses of $15,280. The decrease in expenses is related to decrease in professional fees.

LIQUIDITY AND CAPITAL RESOURCES

FISCAL YEARS ENDED DECEMBER 31, 2024 and 2023

As of December 31, 2024, and 2023, our total assets were $39,076 and $68,818 respectively which comprised of prepaid expenses and long term assets.

As of December 31, 2024 and 2023, our total liabilities were $308,595 and $ 260,942 which comprised of