Company: CCCP
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001477932-25-001313
Chunk: 146

Company: Crona Corp.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 5
Chunk 146
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: Depreciation  (10,910)  (6,430)Property, plant and equipment, net  14,070   18,550  Total depreciation expenses for the year ended December 31, 2024 and 2023 were $4,480 and $6,430 respectively. 

Note 6 – INTANGIBLE ASSETS The Company’s intangible assets as of December 31, 2024 and 2023 are as follows:   December 31, 2024  December 31, 2023 Intangible assets, gross $75,020  $75,020 Less: Amortization  (50,014)  (25,007)Intangible assets, net $25,006  $50,013  Total amortization expenses for the year ended December 30, 2024 and 2023, were $25,007 and $25,007, respectively. 

 F-10Table of Contents

Note 7 – CONVERTIBLE PROMISSORY NOTE On February 09, 2023, the Company issued a convertible promissory note (the “February 2023 Note”) at a face value of $133,000 to a third party at an interest rate of 12% per annum. Net proceeds received against the promissory note is $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue. The extended payment date shall be thirty six (36) months from the issue date.   As of December 31, 2024   Face value  Discount on Promissory Note  Net payable  Accrued Interest Convertible Promissory Note  $132,500  $0  $132,500  $30,111 Total $132,500  $0  $132,500  $30,111    As of December 31, 2023   Face value  Discount on Promissory Note  Net payable  Accrued Interest Convertible Promissory Note  $133,000  $(1,863) $130,637  $14,200 Less: Common Stock Issued $500             Total $132,500  $(1,