Company: CCCP
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001477932-25-001313
Chunk: 88

Company: Crona Corp.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 88
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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 related party advances, interest payable and accounts payable.

 7Table of Contents

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the fiscal year ended December 31, 2024 and 2023, net cash flows from operating activities were $(20,140) and $(120,094) respectively.

Cash Flows from Investing Activities

For the fiscal year ended December 31, 2024 and 2023, net cash flows from investing activities were $0 and $0 respectively

Cash Flows from Financing Activities

We have financed our operations primarily from either advances or the issuance of equity and debt instruments. For the fiscal year ended December 31, 2024 and 2023, net cash flows from financing activities were $20,140 and $120,282 respectively.

PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the