Company: CCCP
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001477932-25-001313
Chunk: 44

Company: Crona Corp.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 44
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 the capital markets. However, the Company has not concluded that these plans alleviate the substantial doubt related to its ability to continue as a going concern.

We determined the Company’s ability to continue as a going concern is a critical audit matter due to the estimation and uncertainty regarding the Company’s available capital and the risk of bias in management’s judgments and assumptions in their determination. Our audit procedures related to the Company’s assertion on its ability to continue as a going concern included the following, among others:

 ·We performed testing procedures such as analytical procedures to identify conditions and events that indicate that there could be substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. ·We reviewed and evaluated management's plans for dealing with adverse effects of these conditions and events. ·We inquired of Company management and reviewed company records to assess whether there are additional factors that contribute to the uncertainties disclosed. ·We assessed whether the Company’s determination that there is substantial doubt about its ability to continue as a going concern was adequately disclosed.

/S/ Boladale Lawal

Boladale Lawal & CO (PCAOB ID 6993)

We have served as the Company's auditor since 2024

Lagos, Nigeria

February 25, 2025

 F-3Table of Contents

CRONA CORP.BALANCE SHEETS         December 31, 2024  December 31, 2023        ASSETS      Current Assets      Prepaid expenses $-  $255 Total Current Assets  -   255 Long-term Assets        Intangible asset, net  25,006   50,013 Property, plant and equipment, net  14,070   18,550 Total Long-term Assets  39,076   68,563 Total Assets  $39,076  $68,818 LIABILITIES AND STOCKHOLDERS’ DEFICIT        Liabilities        Current Liabilities        Accounts payable $7,323  $2,544 Accrued expenses  -   2,000 Interest payable  44,129   21,258 Related party advances   24,643   4,503 Convertible notes payable, net of discount  132,500   130,637 Total Current Liabilities  208,595   160,942 Promiss