Company: CCCP
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001477932-25-001313
Chunk: 122

Company: Crona Corp.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 4
Chunk 122
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Recent Accounting PronouncementsThere have been no recent accounting pronouncements or changes in accounting pronouncements during the three months ended December 31, 2024, that are of significance or potential significance to the Company.

 F-9Table of Contents

Note 4 – ASSET AQUISITION On December 29, 2022, the Company entered into an Asset Purchase Agreement with Zeroblast Services Ltd. (Seller), a related party, to acquire all business assets of the Seller, which included equipment and intangible assets. Seller will also convey any and all contracts that it has with its current customers, written, oral or otherwise (the intangible assets). Consideration for the asset acquisition is a cash payment of 100,000 ($24,980 for the equipment and $75,020 for the intangible asset).The payment shall be in the form of a Promissory Note due on or before December 29, 2024, which has been extended by tweleve (12) months to December 29, 2025. This note bears interest at 7% per annum.   As of December 31, 2024   Face value  Accrued Interest  Net payable Promissory Note  $100,000  $14,019  $114,019 Total $100,000  $14,019  $114,019    As of December 31, 2023   Face value  Accrued Interest  Net payable Promissory Note  $100,000  $7,058  $107,058 Total $100,000  $7,058  $107,058  Accrued Interest as of December 31, 2024, is $14,019 and December 31, 2023, is $7,058. Promissory note payable is $100,000 and $100,000 as of December 31, 2024, and December 31, 2023. Total interest expenses of $ 6,962 and $7,058 for the year ended December 31, 2024, and 2023.

Note 5 – PROPERTY PLANT & EQUIPMENT The Company’s Property plant and equipment as of December, 2024 and 2023 are as follows:    December 31, 2024  December 31