# EDGAR Filing Document

**Accession Number:** 0001103833
**File Stem:** 0001477932-26-001302
**Filing Date:** 2026-3
**Character Count:** 115645
**Document Hash:** b15893ee82d6699209177b5b0165a2da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-26-001302.hdr.sgml**: 20260311

**ACCESSION NUMBER**: 0001477932-26-001302

**CONFORMED SUBMISSION TYPE**: 10-K

**PUBLIC DOCUMENT COUNT**: 63

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260311

**DATE AS OF CHANGE**: 20260311

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Crown Equity Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001103833
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-COMPUTER & COMPUTER SOFTWARE STORES [5734]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 330677140
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-29935
- **FILM NUMBER:** 26744435

**BUSINESS ADDRESS:**
- **STREET 1:** 11226 PENTLAND DOWNS ST.
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89141
- **BUSINESS PHONE:** 702-683-8946

**MAIL ADDRESS:**
- **STREET 1:** 11226 PENTLAND DOWNS ST.
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89141

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MICRO BIO-MEDICAL WASTE SYSTEMS, INC.
- **DATE OF NAME CHANGE:** 20060523

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 20/20 NETWORKS INC
- **DATE OF NAME CHANGE:** 20000120

?xml version='1.0' encoding='ASCII'? crwe_10k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended **<u>December 31, 2025</u>**

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________.

Commission File Number: **<u>000-29935</u>**

**CROWN EQUITY HOLDINGS, INC.**<br>

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| | |
|:---|:---|
| **Nevada** | **33-0677140** |
| (State or other jurisdiction of <br>incorporation or organization) | (IRS Employer <br>Identification Number) |

---

**<u>11226 Pentland Downs Street, Las Vegas, NV 89141</u>**

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: **<u>(702) 683-8946</u>**

Securities registered pursuant to Section 12(b) of the Act: **<u>None.</u>**

Name of each exchange on which registered: **<u>None.</u>**

Securities registered pursuant to Section 12(g) of the Act: **<u>Common Stock</u>**

Indicate by check mark if the registrant is a well-seasoned issuer, as defined in Rule 405 of the Securities Act. Yes **☒**&nbsp;&nbsp;&nbsp;&nbsp; No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15d of the Act Yes ☐&nbsp;&nbsp;&nbsp;&nbsp; No **☒**

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or such shorter period of that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes **☒**&nbsp;&nbsp;&nbsp;&nbsp; No ☐

Indicate by checkmark whether the registrant has submitted electronically every interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the previous 12 months (or for such shorter period that the registrant was required to submit such files.) Yes **☒**&nbsp;&nbsp;&nbsp;&nbsp; No ☐

Indicate by checkmark if disclosure of delinquent filers to Item 405 of Regulation S-K (§229.405) is not contained herein and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

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|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer  | ☐ |
| Non-accelerated Filer | ☐ | Smaller reporting company | **☒** |
| (Do not check if smaller reporting company)  | (Do not check if smaller reporting company)  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section7(a)(2)(B) of the Securities Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act,) Yes ☐&nbsp;&nbsp;&nbsp;&nbsp; No **☒**

The aggregate number of shares of the voting stock held by non-affiliates on December 31, 2025, was 3,307,393. The aggregate market value of the common stock held by non-affiliates of the registrant was approximately $3,439,689. For the purposes of the foregoing calculation only, all directors and executive officers of the registrant have been deemed affiliates.

The number of shares outstanding of the Company's $.001 Par Value Common Stock as of March 6, 2026, was 15,936,480.

DOCUMENTS INCORPORATED BY REFERENCE: **None.**

**TABLE OF CONTENTS**

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| | | |
|:---|:---|:---|
| **[PART I](#p1)** |  |  |
| [DISCLOSURE REGARDING FORWARD LOOKING STATEMENT](#discloser) | [DISCLOSURE REGARDING FORWARD LOOKING STATEMENT](#discloser) | 3 |
| [ITEM 1](#i1) | [Business](#i1) | 4 |
| [ITEM 1A](#i1a) | [Risk Factors](#i1a) | 5 |
| [ITEM 1B](#i1b) | [Unresolved Staff Comments](#i1b) | 5 |
| [ITEM 1C](#i1c) | [Cybersecurity](#i1c) | 5 |
| [ITEM 2](#i2) | [Properties](#i2) | 5 |
| [ITEM 3](#i3) | [Legal Proceedings](#i3) | 5 |
| [ITEM 4](#i4) | [Mine Safety Disclosures](#i4) | 5 |
| **[PART II](#p2)** |  |  |
| [ITEM 5](#i5) | [Market for Registrant's Common Equity, Related Stockholder Matters, and Issuers Purchase of Equity Securities](#i5) | 6 |
| [ITEM 6](#i6) | [Selected Financial Data](#i6) | 6 |
| [ITEM 7](#i7) | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#i7) | 6 |
| [ITEM 8](#i8) | [Financial Statements and Supplementary Data](#i8) | F-1 |
| [ITEM 9](#i9) | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](#i9) | 9 |
| [ITEM 9A](#i9a) | [Controls and Procedures](#i9a) | 9 |
| [ITEM 9B](#i9b) | [Other Information](#i9b) | 10 |
| **[PART III](#p3)** |  |  |
| [ITEM 10](#i10) | [Directors and Executive Officers, and Corporate Governance](#i10) | 11 |
| [ITEM 11](#i11) | [Executive Compensation](#i11) | 12 |
| [ITEM 12](#i12) | [Security Ownership of Certain Beneficial Owners and Management and Related Stock Matters](#i12) | 14 |
| [ITEM 13](#i13) | [Certain Relationships and Related Transactions](#i13) | 15 |
| [ITEM 14](#i14) | [Principal Accounting Fees and Services](#i14) | 15 |
| **[PART IV](#p4)** |  |  |
| [ITEM 15](#i15) | [Exhibits](#i15) | 16 |
| [SIGNATURES](#sig) | [SIGNATURES](#sig) | 17 |

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| *[**Table of Contents**](#TOC)* |

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**PART I**

**DISCLOSURE REGARDING FORWARD LOOKING STATEMENT**

Certain statements contained in this Annual Report on Form 10-K may be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, all of which are based upon various estimates and assumptions that the Company believes to be reasonable as of the date hereof. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "seek," "estimate," "predict," "potential," "pursue," "target," "continue," the negative of such terms or other comparable terminology. These statements involve risks and uncertainties that could cause the Company's actual future outcomes to differ materially from those set forth in such statements. Such risks and uncertainties include, but are not limited to:

· the possibility that certain tax benefits of our net operating losses may be restricted or reduced in a change in ownership or a further change in the federal tax rate;

· the inability to carry out plans and strategies as expected

· limitations on the availability of sufficient credit or cash flow to fund our working capital needs and capital expenditures and debt service;

· difficulty in fulfilling the terms of our convertible note payables, which could result in a default and acceleration of our indebtedness under our convertible note payables;

· the possibility that we issue additional shares of common stock or convertible securities that will dilute the percentage ownership interest of existing stockholders and may dilute the book value per share of our common stock;

· the relatively low trading volume of our common stock, which could depress our stock price;

· competition in the industries in which we operate, both from third parties and former employees, which could result in the loss of one or more customers or lead to lower margins on new projects;

· a general reduction in the demand for our services;

· our ability to enter into, and the terms of, future contracts;

· uncertainties inherent in estimating future operating results, including revenues, operating income or cash flow;

· complications associated with the incorporation of new accounting, control and operating procedures;

· the recognition of tax benefits related to uncertain tax positions;

You should understand that the foregoing, as well as other risk factors discussed in this document and in Part I Item 1A, under the heading of Risk Factors could cause future outcomes to differ materially from those experienced previously or those expressed in such forward-looking statements. We undertake no obligation to publicly update or revise any information, including information concerning our net operating losses, borrowing availability or cash position, or any forward-looking statements to reflect events or circumstances that may arise after the date of this report. The Forward-looking Statements are provided in this Annual Report on Form 10-K pursuant to the Safe Harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in context of the estimates, assumptions, uncertainties, and uses described herein.

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**ITEM 1: BUSINESS**

A) General

Crown Equity Holdings, Inc., formerly known as Micro Bio-Medical Waste Systems, Inc. (the "Company") was incorporated on August 31, 1995, as "Visioneering Corporation" under the laws of the State of Nevada.

In December 2010, the Company formed two wholly owned subsidiaries, Crown Tele Services Inc. and CRWE Direct Inc. Crown Tele Services Inc. was formed to provide voice over internet services to clients at a competitive price, while CRWE Direct Inc. was formed to provide direct sales to customers.

In December 2011, the Company also formed a wholly owned subsidiary CRWE Real Estate Inc. to hold real estate. This entity had no sales during the year.

The Company sold all of the above-mentioned subsidiaries (Crown Tele Services Inc., CRWE Direct Inc., and CRWE Real Estate Inc.) on the 28<sup>th</sup> of December 2017.

At the present time, the Company is offering its services to domestic and global companies seeking to become public entities in the United States. It has launched a website, www.crownequityholdings.com, which offers its services in a wide range of fields. The Company provides various consulting services to companies and individuals dealing with corporate structure and operations globally. The Company also provides public relations and news dissemination for publicly and privately held companies.

In 2009, the Company re-focused its primary vision to using its network of websites to provide advertising and marketing services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information. The Company offers Internet media-driven advertising services, which cover and connect a wide range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. As part of its operations, the Company has utilized the services of software and hardware technicians in developing its websites and adding additional websites. This allows the Company to disseminate news and press releases for its customers as well as general news and financial information on a much bigger scale than it did previously. The Company markets its services to companies seeking market awareness of them and the services or goods that they offer. The Company then publishes information concerning these companies on its many websites. The Company is paid in cash and/or stock of the customer companies. The condition of online publishing remains at an all-time high and is continuing to evolve and grow. It is to a point where online publishing is a key component of a publishing company's strategy in the print dominated market. No longer is the possession of printed reading material adding value to a reader's experience.

At the moment, the majority of the Company's publishing sites have light to relatively medium traffic. The Company is presently in the process of strengthening its online publishing competitive position with its strategy of producing and obtaining a stronger presence with its community targeted online news and information publishing. The Company has increased its web presence with the dedicated community targeted news and information publishing websites. The Company has increased its readership to create a stronger competitive position within the online publishing industry. The company is continuing its efforts with increasing its readership to obtain advertisers wanting to reach its viewership.

The Company's office is located at 11226 Pentland Downs Street, Las Vegas, NV 89141. The Company is provided office space by one of the officers and directors at no charge.

As of December 31, 2025, the Company utilized the services of independent contractors during the year. Officers' compensation is detailed in Part III, Item 11 of this filing.

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**ITEM 1A: RISK FACTORS**

We have experienced net losses and negative cash flows from operating activities and can expect such losses and negative cash flows to continue in the foreseeable future. Our ability to continue as a going concern is dependent upon raising capital from financing transactions and future sales.

If we are unable to adapt to changing market conditions, client requirements or emerging industry standards, our business could be adversely affected.

Because of inherent limitations, a system of internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate due to change in conditions.

These broad market fluctuations may adversely affect the market price of our common stock. In addition, if our operating results differ from our announced guidance or the expectations of equity research analysts or investors, the price of our common stock could decrease significantly.

**ITEM 1B: UNRESOLVED STAFF COMMENTS**

None.

**ITEM 1C: CYBERSECURITY**

The Company has several methods in place to carry out its security risk management strategy. We currently implement security controls to prevent unauthorized access, including but not limited to geo policies, AV scanning, and VPN restrictions. We use a SEIM to monitor and identify potential threats in order to constantly adjust our security posture.

All material cybersecurity risks, incidents, and responses are to be reported to the CEO as a routine matter. The CEO then reports the information to the Board of Directors.

During the year ended December 31, 2025, the Company did not experience any risks from cybersecurity threats that materially affected or were reasonably likely to materially affect the Company's business strategy, results of operations, or financial condition.

There are regular tests to ensure readiness. Since security is an ever-changing and evolving platform, we aim to continuously grow our methods to ensure we continue to excel in securing our systems.

**ITEM 2: PROPERTIES**

The Company is provided with office space at 11226 Pentland Downs Street, Las Vegas, Nevada 89141 by one of the officers and directors at no charge. The Company believes that this office space is sufficient for its needs for the foreseeable future.

**ITEM 3: LEGAL PROCEEDINGS**

None.

**ITEM 4: MINE SAFETY DISCLOSURES**

None.

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| *[**Table of Contents**](#TOC)* |

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**PART II**

**ITEM 5: MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES**

The Company's common stock is currently traded on the OTC Markets Group's Pink Market in the United States, having the trading symbol "CRWE" and CUSIP #22834M305. The OTC Markets Group's Pink Market is an electronic trading system. The Company's stock is traded on the OTC Markets Group's electronic trading system. As of December 31, 2025, the Company had 15,936,480 shares of its common stock issued and outstanding of which 12,629,087 were held by affiliates.

The following table reflects the high and low quarterly bid prices for the fiscal years ended December 31, 2025 and 2024.

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|:---|:---|:---|:---|:---|
| **Period** | **High** | **High** | **Low** | **Low** |
| First Quarter 2025 |  | 0.84 |  | 0.80 |
| Second Quarter 2025 |  | 3.00 |  | 0.69 |
| Third Quarter 2025 |  | 3.00 |  | 0.71 |
| Fourth Quarter 2025 |  | 1.04 |  | 1.04 |
| First Quarter 2024 |  | 1.90 |  | 0.11 |
| Second Quarter 2024 |  | 1.90 |  | 0.22 |
| Third Quarter 2024 |  | 1.50 |  | 0.22 |
| Fourth Quarter 2024 |  | 1.50 |  | 0.75 |

---

These quotations may reflect inter-dealer prices without retail mark-up/mark-down/commission and may not reflect actual transactions.

As of December 31, 2025, the Company estimates there are approximately 120 "holders of record" of its common stock and estimates that there are no beneficial shareholders of its common stock. The Company has authorized 450,000,000 shares of common stock, par value $.001 and 20,001,000 shares of preferred stock, par value $.001, of which 1,000 are designated Series A. The 1,000 Series A preferred stock are outstanding and granted to our President. No other preferred shares are issued and outstanding.

**ITEM 6: SELECTED FINANCIAL DATA**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities and Exchange Act of 1934 and are not required to provide information under this item.

**ITEM 7: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

OVERVIEW

The following discussion of the financial condition, changes in financial condition and results of operations of the Company for the fiscal years ended December 31, 2025 and 2024 should be read in conjunction with the financial statements of the Company and related notes included therein.

The Company was incorporated on August 31, 1995, as Visioneering Corporation. In 1999, the Company acquired 20/20 Web Design, Inc., a Colorado corporation wholly owned by Crown Partners, Inc. In August 2009, Crown Partners transferred its shares of the Company to Crown Marketing Corporation ("Crown Marketing") in exchange for marketing and public relation services to be provided by Crown Marketing.

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The Company continues to search for additional areas in which it can generate revenue so that the Company will become profitable but there can be no guarantee that profitability will be achieved in the near- or long-term.

The Company will attempt to carry out its business plan as discussed below. The Company's business plan is to continue building its network of online publishing sites, as well as continuing to provide consulting and services to its clients on an as-needed basis. These services include general and financial management to private and public companies with an emphasis on their financial reporting and filing requirements. Such services are subject to the needs of its clients and may vary by company. The Company will attempt to carry out its business plan as described above. The Company cannot predict to what extent its lack of liquidity and capital resources will hinder its business plan prior to the consummation of a business combination.

LIQUIDITY AND CAPITAL RESOURCES

Since inception, the Company's most significant change in liquidity or capital resources or stockholders' equity has been receipts of proceeds from offerings of its capital stock. The revenue transactions do not reflect the ability of the Company to fund itself without outside sources in the future. In the past, officers and directors of the Company have provided loans and advances to the Company to fund operations, there are no formal agreements or arrangements for them to continue to do so. As of December 31, 2025, the Company has $1,862 in cash, $410 of marketable securities held in brokerage accounts and $0.00 of long-term debt.

On December 31, 2025, the Company had negative working capital of $314,062, which consisted of current assets of $8,572 and current liabilities of $322,634.

Cash flows used in operating activities during the year ended December 31, 2025 was $34,604 compared to cash flow used of $52,373 for the same period in 2024.

Cash flows provided by and used in investing activities were $0 and $99 for the years ended December 31, 2025 and December 31, 2024 respectively.

Cash flows provided by financing activities was $33,018 for the year ended December 31, 2025 compared to $49,591 for the same period in 2024. The financing activities in 2025 consisted of proceeds from borrowings from related party notes payable and the sale of 11,000 shares of common stock.

As of December 31, 2025, the Company had total assets of $8,572 and total liabilities of $322,634. Stockholders' deficit as of December 31, 2025 was $314,062 compared to a deficit of $321,647 on December 31, 2024. The Company will attempt to carry out its plan of business as discussed above. The Company cannot predict to what extent its lack of liquidity and capital resources will hinder its business plan. The Company will need additional capital to fund that proposed operation.

NEED FOR ADDITIONAL FINANCING

The Company's existing capital may not be sufficient to meet the Company's cash needs, including the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended.

No commitments to provide additional funds have been made by management or other stockholders. Accordingly, there can be no assurance that any funds will be available to the Company to allow it to cover its expenses.

The Company might seek to compensate providers of services by issuances of stock in lieu of cash.

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RESULTS OF OPERATIONS - Comparison of the Year Ended December 31, 2025, to the Year Ended December 31, 2024.

REVENUES

Sales for the year ended December 31, 2025 were $777 compared to $1,443 for the year ended December 31, 2024, a decrease of $666.

OPERATING EXPENSES

During the year ended December 31, 2025, we incurred general operating expenses of $72,608. During the year ended December 31, 2024, we incurred $1,322,249 in operating expenses of which $77,724 were general expenses and $1,244,500 was amortization of warrant discount

OTHER INCOME AND EXPENSES

During the year ended December 31, 2025, we incurred other expenses of $41,633, consisting of interest expense of $19,942, loss on AP conversion and stock issue of $21,691. During the year ended December 31, 2024, we incurred other expenses of $2,396,108, consisting of interest expense of $15,566, loss on debt and AP conversion of $68,480, loss on related party AP conversion of $2,311,977 and Other Income (Expense) of $85.

NET LOSS

The Company had a net loss for the year ended December 31, 2025 of $113,464 compared to a net loss of $3,716,914 for the year ended December 31, 2024, a decrease of $3,603,450 mainly due to the 2024 expenses of amortization of debt discount of 1,244,500 and Loss on related party AP conversion of $2,311,977.

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**ITEM 8: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA**

**INDEX TO FINANCIAL STATEMENTS**

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|:---|:---|
|  | **PAGE** |
| [Report of Independent Registered Public Accounting Firm](#REP01) | F-2  |
| [Balance Sheets as of December 31, 2025 and 2024](#bs) | F-4  |
| [Statements of Operations for the Years Ended December 31, 2025 and 2024](#soo) | F-5  |
| [Statements of Changes in Stockholders' Deficit for the Years Ended December 31, 2025 and 2024](#defict) | F-6  |
| [Statements of Cash Flows for the Years Ended December 31, 2025 and 2024](#cf) | F-7  |
| [Notes to the Financial Statements](#notes) | F-8  |

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| *[**Table of Contents**](#TOCF)* |

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and

Stockholders of Crown Equity Holdings, Inc.

**Opinion on the Financial Statements**

We have audited the accompanying balance sheet of Crown Equity Holdings, Inc. (the "Company") as of December 31, 2025, and the related statements of operations, stockholders' deficit, and cash flows for the year than ended, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

**Substantial Doubt About the Company's Ability to Continue as a Going Concern**

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 2, the Company has incurred losses since inception, incurred a net loss of $113,464 during the current year, had a working capital deficit of $314,062 and an accumulated deficit of $18,771,552 as of December 31, 2025. These facts raise substantial doubt as to the Company's ability to continue as a going concern. Management's plans regarding these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

**Critical Audit Matters**

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there were no critical audit matters.

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| /s/L J Soldinger Associates, LLC |
| We have served as the Company's auditor since 2025. |
| Deer Park, IL |
| PCAOB ID: 318 |
| March 11, 2026 |

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***Report of Independent Registered Public Accounting Firm***

Board of Directors and Shareholders

Crown Equity Holdings, Inc.

11226, Pentland Downs Street,

Las Vegas, NV 89141

***Opinion on the Financial Statements***

We have audited the accompanying balance sheets of Crown Equity Holdings, Inc. (the "Company") as of December 31, 2024, and the related statements of operations and comprehensive loss, changes in stockholders' equity and cash flows for the year then ended, and the related notes to the financial statements (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Crown Equity Holdings, Inc. as of December 31, 2024, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

The financial statements of Crown Equity Holdings, Inc. as of December 31, 2023, were audited by other auditors whose report dated April 18, 2024, expressed an unqualified opinion on those statements, including an explanatory paragraph concerning going concern.

***Going Concern***

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has suffered recurring losses from operations, negative cash flows from operations and has a significant accumulated deficit, that raises substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

***Basis for Opinion***

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

***Critical Audit Matters***

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

/s/ Bush & Associates CPA LLC

We have served as the Company's auditor since 2025.

Henderson, Nevada

April 25, 2025

PCAOB ID Number 6797

---

| |
|:---|
| F-3 |
| *[**Table of Contents**](#TOCF)* |

---

**CROWN EQUITY HOLDINGS, INC.**

**BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **December 31,**<br>**2024** |
| **Current assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $2272 | $3858 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 3750 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 2550 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Current Assets** | 8572 | 3858 |
| &nbsp;&nbsp;&nbsp;&nbsp;Property and Equipment, net | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets**  | $8572 | $3858 |
| **Liabilities and Stockholders' Deficit** | **Liabilities and Stockholders' Deficit** | **Liabilities and Stockholders' Deficit** |
| **Current liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $87180 | $158899 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses to related party | 65742 | 16640 |
| &nbsp;&nbsp;&nbsp;&nbsp;Notes payable to related parties | 169712 | 129366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Convertible notes payable |  | 4000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Convertible notes payable to related parties, net of debt discount | - | 16600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities**  | 322634 | 325505 |
| **Stockholders' deficit** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stock, 20,001,000 shares authorized, authorized at $0.001 par value, 1,000 Series A outstanding at December 31, 2025 and 2024 and no other issued or outstanding preferred stock |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A Convertible Preferred Stock, $0.001 par value, 1,000 shares authorized, 1,000 issued and outstanding at December 31, 2025 and 2024 | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stock, 450,000,000 authorized at $0.001 par value; and 15,936,480 and 15,840,384 shares issued and outstanding at December 31, 2025 and 2024 | 15937 | 15841 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 18441552 | 18320599 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (18771552) | (18658088) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total stockholders' deficit** | (314062) | (321647) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and stockholders' deficit** | $8572 | $3858 |

---

The accompanying notes are an integral part of these financial statements.

---

| |
|:---|
| F-4 |
| *[**Table of Contents**](#TOCF)* |

---

**CROWN EQUITY HOLDINGS, INC.**

**STATEMENTS OF OPERATIONS**

---

| | | |
|:---|:---|:---|
|  | **For the Years Ended** | **For the Years Ended** |
|  | **December 31,** | **December 31,** |
|  | **2025** | **2024** |
| **Revenue** | $777 | $1443 |
| **Operating expenses** |  |  |
| Depreciation |  | 1244525 |
| General and Administrative | 72608 | 77724 |
| Total Operating Expenses | 72608 | 1322249 |
| **Net Operating Loss** | (71831) | (1320806) |
| **Other expense**  |  |  |
| Interest expense | (19942) | (15566) |
| Gain (loss) on Stocks Held |  | (99) |
| Gain (loss) on debt conversion |  | (34180) |
| Loss on accounts payable conversion | (21691) | (34300) |
| Loss on related party accounts payable conversion |  | (2311977) |
| Other Income | - | 14 |
| **Total other expense** | (41633) | (2396108) |
| **Net loss before income taxes** | (113464) | (3716914) |
| **Provision for income taxes** | - | - |
| **Net loss** | $(113464) | $(3716914) |
| **Net (loss) per common share – basic and diluted** | $(0.01) | $(0.24) |
| **Weighted average number of common shares outstanding - basic and diluted** | 15895276 | 15484772 |

---

The accompanying notes are an integral part of these financial statements.

---

| |
|:---|
| F-5 |
| *[**Table of Contents**](#TOCF)* |

---

**CROWN EQUITY HOLDINGS, INC.**

**STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT**

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | | | | | |
|  | **Shares** | **Amount** | **Shares** |<br>**Amount** | **Warrant**<br>**Discount** | **Additional**<br>**Paid-In**<br>**Capital** | **Accumulated**<br>**Deficit** | **Total**<br>**Stockholders'**<br>**(Deficit)** |
| Balances at December 31, 2023 | 1000 | $1 | 13396226 | $13395 | $- | $13458331 | $(14941174) | $(1469447) |
| Common stock issued for services |  |  | 10000 | 9 |  | 14791 |  | 14800 |
| Common stock issued for note payable and accrued interest |  |  | 24414 | 24 |  | 46363 |  | 46387 |
| Common stock issued for AP settlement |  |  | 25000 | 25 |  | 36975 |  | 37000 |
| Common stock issued for accrued expense settlement |  |  | 25584 | 25 |  | 30420 |  | 30445 |
| Common stock issued for related party AP settlement |  |  | 2359160 | 2359 |  | 3489198 |  | 3491557 |
| Warrant discount |  |  |  |  | (1244500) | 1244525 |  | 25 |
| Warrant discount amortization |  |  |  |  | 1244500 |  |  | 1244500 |
| Rounding |  |  |  | 4 |  | (4) |  |  |
| Net loss | - | - | - | - | - | - | (3716914) | (3716914) |
| Balances at December 31, 2024 | 1000 | $1 | 15840384 | $15841 | $- | $18320599 | $(18658088) | $(321647) |
| Forgiveness of accrued interest – related party |  |  |  |  |  | 38175 |  | 38175 |
| Conversion to Common stock of Note<br>Payable and Accrued Interest |  |  | 8596 | 9 |  | 7238 |  | 7247 |
| Common Stock Issued for Account<br>Payable settlement |  |  | 76500 | 76 |  | 66279 |  | 66355 |
| Common Stock Issued for Cash |  |  | 11000 | 11 |  | 9261 |  | 9272 |
| Net Loss | - | - | - | - | - | - | (113464) | (113464) |
| Balances at December 31, 2025 | 1000 | $1 | 15936480 | $15937 | $- | $18441552 | $(18771552) | $(314062) |

---

The accompanying notes are an integral part of these financial statements.

---

| |
|:---|
| F-6 |
| *[**Table of Contents**](#TOCF)* |

---

**CROWN EQUITY HOLDINGS, INC.**

**STATEMENTS OF CASH FLOWS**

---

| | | |
|:---|:---|:---|
|  | **For the Years Ended** | **For the Years Ended** |
|  | **2025** | **2024** |
| **Cash flows from operating activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss | $(113464) | $(3716914) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt discount amortization |  | 1244525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gain) Loss on investment |  | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock Compensation |  | 14800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on common stock issued for AP conversion | 21691 | 34300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock issued for AP conversion – related party |  | 2311977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss on debt conversion |  | 34180 |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (3750) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | (2550) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses – related party | 20457 | 3900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | 43012 | 20760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities | (34604) | (52373) |
| **Cash flows from investing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash (paid to) withdrawn from brokerage account | - | (99) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities | - | (99) |
| **Cash flows from financing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings from notes payable, related party | 23746 | 45566 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings from convertible notes payable |  | 4000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Warrant Subscriptions |  | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shares subscribed for cash | 9272 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 33018 | 49591 |
| **Net decrease in cash** | (1586) | (2881) |
| **Cash and cash equivalents, beginning of period** | 3858 | 6739 |
| **Cash and cash equivalents, end of period** | $2272 | $3858 |
| **SUPPLEMENTAL DISCLOSURE:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest paid | $- | $5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income taxes paid | $- | $- |
| **NONCASH FINANCING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Note payable conversion to common stock | $7247 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;RP-AP Converted into common stock | $- | $2311977 |
| &nbsp;&nbsp;&nbsp;&nbsp;AP Converted into common stock | $66355 | $34300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Forgiveness of accrued interest – related party | $38175 | $- |

---

The accompanying notes are an integral part of these financial statements.

---

| |
|:---|
| F-7 |
| *[**Table of Contents**](#TOCF)* |

---

**CROWN EQUITY HOLDINGS, INC.**

**NOTES TO FINANCIAL STATEMENTS**

**NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES**

Nature of Business

Crown Equity Holdings, Inc. ("Crown Equity" or the "Company") was incorporated in August 1995 in Nevada. The Company offers through its digital network of websites, advertising branding, marketing solutions and other services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. The Company focuses on the distribution of information for the purpose of bringing together its audience with the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. Crown Equity Holdings' objective is making its endeavor known as CRWE WORLD into a global online news and information source, as well as a global one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally.

Basis of Preparation

The accompanying financial statements include the financial information of Crown Equity Holdings, Inc. ("Crown Equity", the "Company") have been prepared in accordance with U.S. GAAP and SEC rules and regulations. The preparation of these financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles ("GAAP"). In the opinion of management, the financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are primarily used in our revenue recognition, long-lived asset impairments and adjustments, deferred tax, stock-based compensation, and reserves for legal matters.

Cash and Cash Equivalents

Crown Equity considers all highly liquid investments purchased with an original maturity of three months or less to be cash and cash equivalents. The objectives of the Company's cash management policy are to safeguard and preserve funds, to maintain sufficient liquidity to meet its cash flow requirements and to attain a market rate of return. The Company deposits its cash in financial institutions that it believes have high credit quality and has not experienced any losses on such accounts and does not believe it is exposed to any significant credit risk on cash and cash equivalents

Stock-Based Compensation

The Company accounts for stock-based compensation to employees in accordance with ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at grant date, based on the fair value of the award and is recognized as expense over the requisite employee service period. The Company accounts for stock-based compensation to other than employees in accordance with ASU 2018-07 Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company's common stock for common share issuances.

---

| |
|:---|
| F-8 |
| *[**Table of Contents**](#TOCF)* |

---

Revenue Recognition

The core principles of revenue recognition under ASC 606 include the following five criteria:

---

| | |
|:---|:---|
| **1.** | **Identify the contract with the customer** |
|  | Contracts with our customers may be oral, written, or implied. A written and signed invoice stating the terms and conditions is the Company' preferred method. The terms of a written contract may be contained within the body of an invoice or in an email. No work is commenced without an understanding between the Company and our client that a valid contract exists. |

---

---

| | |
|:---|:---|
| **2.** | **Identify the performance obligations in the contract** |
|  | Our sales and account management teams define the scope of services to be offered, to ensure all parties are in agreement and obligations are being delivered to the customer as promised. The performance obligation may not be fully identified in a mutually signed contract, but may be outlined in email correspondence, face-to-face meetings, additional proposals or scopes of work, or phone conversations. |

---

---

| | |
|:---|:---|
| **3.** | **Determine the transaction price** |
|  | Pricing is discussed and identified by the operations team prior to submitting an invoice to the customer.  |

---

---

| | |
|:---|:---|
| **4.** | **Allocate the transaction price to the performance obligations in the contract**  |
|  | If a contract involves multiple obligations, the transaction pricing is allocated accordingly, during the performance obligation phase.  |

---

---

| | |
|:---|:---|
| **5.** | **Recognize revenue when (or as) we satisfy a performance obligation**  |
|  | The Company uses digital marketing that includes digital advertising, SEO management and digital ad support. We provide whether presenting a vibrant but simple message about our clients that will enlighten their audience or deploying an influential digital marketing campaign on our online site or across one or multiple social media platforms. Revenue is recognized when ads are run on the Company's advertising platform.<br>The company generates analytical reports monthly or as required to show how the ad dollars were spent and how the targeting resulted in click-through. The report satisfies the performance obligation, regardless of the outcome or effectiveness of the campaign. |

---

---

| |
|:---|
| F-9 |
| *[**Table of Contents**](#TOCF)* |

---

Sales are recognized when promised services are started in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Sales for service contracts generally are recognized as the services are being provided.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **Third** <br>**Party** | **Related** <br>**Party**  | **Total**  | **Third** <br>**Party**  | **Related** <br>**Party**  | **Total** |
| Advertising | $- | $- | $- | $- | $- | $- |
| Click Based and Impression Ads | $577 | $- | $577 | $888 | $- | $888 |
| Publishing and Distribution | $200 | $- | $200 | $205 | $- | $205 |
| Fees (Corporate Entity) | $- | $- | $- | $350 | $- | $350 |
| Total Revenue | $777 | $- | $777 | $1443 | $- | $1443 |

---

Revenues are received through advertising, click-based, and impression ads located on the Company's websites, as well as from the publishing and disseminating of news and press releases.

---

| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **December 31,** <br>**2024** |
| Deferred Revenue | $155 | $155 |

---

Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed.

Accounts Receivable and Allowance for Doubtful Accounts

The Company establishes an allowance for bad debts through a review of several factors including historical collection experience, current aging status of the customer accounts, and financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of December 31, 2025 and 2024.

Risk Concentrations

As of December 31, 2025, 74% of the Company's revenues were received through Click Based and Impression Ads and 26% from publishing. All revenues earned were from third parties.

During the year ending period of 2024, 62% of the Company's revenues were received through Click Based and Impression Ads, with 14% of the revenues received were from publishing and distribution services rendered by the Company. The remaining revenue percentage of 24% was from the selling of the Corporate Entity (CMT Trade-Link). All revenues earned were from third party.

General and Administrative Expenses

Crown Equity's general and administrative expenses consisted of the following types of expenses during 2025 and 2024, compensation expense, rent, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation, and other administrative related expenses.

---

| |
|:---|
| F-10 |
| *[**Table of Contents**](#TOCF)* |

---

Property and Equipment

Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity, or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.

**Earnings (Loss) Per Share**

Earnings (loss) per share attributable to the common equity holders of the Company are calculated in accordance with ASC 260 "*Earnings per Share*". The weighted average number of common shares outstanding during each period is used to compute basic earnings (loss) per share. Diluted earnings per share are computed using the weighted average number of shares and potentially dilutive common shares outstanding. Potentially dilutive common shares are additional common shares assumed to be exercised. Potentially dilutive common shares consist of stock warrants and convertible preferred shares and are excluded from the diluted earnings per share computation in periods where the Company has incurred a net loss, as their effect would be considered anti-dilutive.

---

| | | |
|:---|:---|:---|
|  | **December 31,** | **December 31,** |
|  | **2025** | **2024**  |
| Numerator: |  |  |
| Net Loss attributable to common shareholders of Crown Equity Holdings, Inc. | $(113464) | $(3716914) |
| Denominator: |  |  |
| Weighted average common and common equivalent shares outstanding – basic and diluted | 15895276 | 15484772 |
| Loss per Share attributable to Crown Equity Holdings, Inc.: |  |  |
| Basic and diluted | $(0.01) | $(0.24) |

---

When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the years ended December 31, 2025 and 2024.

Income Taxes

In December 2017, the Tax Cuts and Jobs Act (the "Act") was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018. As a result of this change, the Company's statutory tax rate for fiscal 2019 and 2020 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of December 31, 2025, and December 31, 2024, the Company has not reflected any amounts as a deferred tax asset due to the uncertainty of future profits to offset any net operating loss.

Uncertain tax position

The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of December 31, 2025 and December 31, 2024.

---

| |
|:---|
| F-11 |
| *[**Table of Contents**](#TOCF)* |

---

Fair Value of Financial Instruments

The Company's financial instruments consist of cash and cash equivalents, accounts payable and debt. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC")820*, Fair Value Measurements and Disclosures*, and ASC 825, *Financial Instruments*, the FASB establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company's financial statements as reflected herein. The carrying amounts of cash, prepaid expense and other current assets, accounts payable, accrued expenses and notes payable reported on the accompanying consolidated balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments.

An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value.

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Our cash and brokerage accounts are measured at fair value on a recurring basis and estimated as follows.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **December 31, 2024** | **Total** | **Level 1** | **Level 2** | **Level 3** |
| Cash  | $3458 | $3458 | $- | $- |
| Total | $3458 | $3458 | $- | $- |

---

---

| | | |
|:---|:---|:---|
| **December 31, 2025** |  |  |
| Cash | $2272 | $- |
| Total | $2272 | $- |

---

The Company's financial instruments consist of cash and cash equivalents, accounts payable and debt. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

---

| |
|:---|
| F-12 |
| *[**Table of Contents**](#TOCF)* |

---

**NOTE 2 – GOING CONCERN**

As shown in the accompanying financial statements, Crown Equity an accumulated deficit of $18,771,552 since its inception and had a working capital deficit of $314,062 negative cash flows from operations and limited business operations as of December 31, 2025. These conditions raise substantial doubt as to Crown Equity's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if Crown Equity is unable to continue as a going concern.

Crown Equity continues to review its expense structure reviewing costs and their reduction to move towards profitability. Management plans to continue raising funds through debt and equity financing to grow the business to profitability. This financing may be insufficient to fund expenditures or other cash requirements. There can be no assurance that additional financing will be available to the Company on acceptable terms or at all. These financial statements do not give effect to adjustments to assets would be necessary for the Company be unable to continue as going concern.

**NOTE 3 – PROPERTY AND EQUIPMENT**

The Company's policy is to capitalize all property, and equipment purchases over $1,000 and depreciates the assets over their useful lives of 3 to 7 years.

Property and equipment consist of the following on December 31, 2025 and 2024

---

| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **December 31,**<br>**2024** |
| Computers – 3 year estimated useful life | $108622 | $108622 |
| Less – Accumulated Depreciation | (108622) | (108622) |
| Property and Equipment, net | $- | $- |

---

Depreciation has been provided over each asset's estimated useful life. Depreciation expenses were $0 and $0 for the years ended December 31, 2025 and 2024, respectively.

**NOTE 4 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES**

As of December 31, 2025 and 2024, the Company had unamortized discount of $0 and $0 respectively.

---

| |
|:---|
| F-13 |
| *[**Table of Contents**](#TOCF)* |

---

The Company analyzed the below convertible notes for derivatives noting none. The Company evaluated these convertible notes for beneficial conversion features and concluded that the beneficial conversion features resulted in a debt discount in the amount of $0, as of December 31, 2025.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Name** | **Original**<br>**Note Date** | **Due**<br>**Date** | **Interest**<br>**Rate** | **Conversion**<br>**Rate** | **Original**<br>**Face Value** | **Dec 31,**<br>**2025** | **Dec 31,**<br>**2024** |
| **Related Party Notes Payable:** |  |  |  |  |  |  |  |
| Mike Zaman Irrevocable Trust  | 12/25/2022 | 12/25/2023 | 12% | $0.50 | $2000 | $2000 | $- |
| Mike Zaman  | 01/11/2023 | 01/11/2024 | 12% | $0.50 | 1100 | 1100 |  |
| Mike Zaman Irrevocable Trust  | 01/23/2023 | 01/23/2024 | 12% | $0.50 | 2500 | 2500 |  |
| Mike Zaman Irrevocable Trust  | 01/31/2023 | 01/31/2024 | 12% | $0.50 | 1000 | 1000 |  |
| Mike Zaman Irrevocable Trust  | 02/14/2023 | 02/14/2024 | 12% | $0.50 | 10000 | 10000 |  |
| Mike Zaman Irrevocable Trust  | 03/23/2023 | 03/23/2024 | 12% | $- | 18000 | 18000 | 18000 |
| Mike Zaman Irrevocable Trust  | 05/08/2023 | 05/08/2024 | 12% | $- | 5800 | 5800 | 5800 |
| Mike Zaman Irrevocable Trust  | 06/02/2023 | 06/02/2024 | 12% | $- | 2500 | 2500 | 2500 |
| Mike Zaman Irrevocable Trust  | 06/20/2023 | 06/20/2024 | 12% | $- | 3.000 | 3000 | 3000 |
| Mike Zaman  | 07/18/2023 | 07/18/2024 | 12% | $- | 15000 | 15000 | 15000 |
| Mike Zaman Irrevocable Trust  | 08/04/2023 | 08/04/2024 | 12% | $- | 12000 | 12000 | 12000 |
| Mike Zaman Irrevocable Trust  | 09/20/2023 | 09/20/2024 | 12% | $- | 2500 | 2500 | 2500 |
| Mike Zaman Irrevocable Trust  | 09/22/2023 | 09/22/2024 | 12% | $- | 1000 | 1000 | 1000 |
| Mike Zaman Irrevocable Trust  | 09/23/2023 | 09/23/2024 | 12% | $- | 1000 | 1000 | 1000 |
| Mike Zaman Irrevocable Trust  | 10/20/2023 | 10/20/2024 | 12% | $- | 3000 | 3000 | 3000 |
| Mike Zaman Irrevocable Trust  | 11/06/2023 | 11/06/2024 | 12% | $- | 10000 | 10000 | 10000 |
| Mike Zaman Irrevocable Trust  | 12/12/2023 | 12/12/2024 | 12% | $- | 10000 | 10000 | 10000 |
| Mike Zaman Irrevocable Trust  | 02/01/2024 | 02/01/2025 | 12% | $- | 10000 | 10000 | 10000 |
| Mike Zaman Irrevocable Trust  | 03/21/2024 | 03/21/2025 | 12% | $- | 2000 | 2000 | 2000 |
| Mike Zaman Irrevocable Trust  | 03/25/2024 | 03/25/2025 | 12% | $- | 11000 | 11000 | 11000 |
| Mike Zaman  | 05/14/2024 | 05/14/2025 | 12% | $- | 4500 | 4500 | 4500 |
| Mike Zaman Irrevocable Trust  | 05/28/2024 | 05/28/2025 | 12% | $- | 1500 | 1500 | 1500 |
| Mike Zaman  | 06/06/2024 | 06/06/2025 | 12% | $- | 2500 | 2500 | 2500 |
| Mike Zaman  | 06/06/2024 | 06/06/2025 | 12% | $- | 916 | 916 | 916 |
| Mike Zaman  | 06/24/2024 | 06/24/2025 | 12% | $- | 950 | 950 | 950 |
| Mike Zaman Irrevocable Trust | 07/22/2024 | 07/22/2025 | 12% | $- | 1500 | 1500 | 1500 |
| Mike Zaman Irrevocable Trust | 07/31/2024 | 07/31/2025 | 12% | $- | 4000 | 4000 | 4000 |
| Mike Zaman Irrevocable Trust | 09/30/2024 | 09/30/2025 | 12% | $- | 1500 | 1500 | 1500 |
| Mike Zaman Irrevocable Trust | 10/25/2024 | 10/25/2025 | 12% | $- | 1200 | 1200 | 1200 |
| Mike Zaman Irrevocable Trust | 11/21/2024 | 11/21/2025 | 12% | $— | 4000 | 4000 | 4000 |
| Mike Zaman Irrevocable Trust | 01/10/2025 | 01/10/2026 | 12% | $- | 500 | 500 |  |
| Mike Zaman | 01/27/2025 | 01/27/2026 | 12% | $- | 1009 | 1009 |  |
| Mike Zaman | 02/24/2025 | 02/24/2026 | 12% | $- | 1057 | 1057 |  |
| Mike Zaman | 02/24/2025 | 02/24/2026 | 12% | $- | 1057 | 1057 |  |
| Mike Zaman | 02/27/2025 | 02/27/2026 | 12% | $- | 955 | 955 |  |
| Mike Zaman Irrevocable Trust | 03/07/2025 | 03/07/2026 | 12% | $- | 500 | 500 |  |
| Mike Zaman | 03/11/2025 | 03/11/2026 | 12% | $- | 1410 | 1410 |  |
| Mike Zaman | 03/25/2025 | 03/25/2026 | 12% | $- | 3500 | 3500 |  |
| Mike Zaman | 04/07/2025 | 04/07/2026 | 28.24% | $— | 7500 | 7500 |  |
| Mike Zaman | 04/13/2025 | 04/13/2026 | 25.24% | $— | 916 | 916 |  |
| Mike Zaman Irrevocable Trust | 04/30/2025 | 04/30/2026 | 12% | $— | 500 | 500 |  |
| Mike Zaman | 11/11/2025 | 11/11/2026 | 17.74% | $— | 842 | 842 |  |
| Mike Zaman Irrevocable Trust | 11/18/2025 | 11/18/2026 | 12% | $— | 3000 | 3000 |  |
| Mike Zaman Irrevocable Trust | 12/17/2025 | 12/17/2026 | 12% | $— | 1000 | 1000 | - |
| Total Related Party Notes Payable |  |  |  |  |  | 169712 | 129366 |
| **Related Party Convertible Notes Payable:** |  |  |  |  |  |  |  |
| Mike Zaman Irrevocable Trust  | 12/25/2022 | 12/25/2023 | 12% | $0.50 | 2000 |  | 2000 |
| Mike Zaman  | 01/11/2023 | 01/11/2024 | 12% | $0.50 | 1100 |  | 1100 |
| Mike Zaman Irrevocable Trust  | 01/23/2023 | 01/23/2024 | 12% | $0.50 | 2500 |  | 2500 |
| Mike Zaman Irrevocable Trust  | 01/31/2023 | 01/31/2024 | 12% | $0.50 | 1000 |  | 1000 |
| Mike Zaman Irrevocable Trust  | 02/14/2023 | 02/14/2024 | 12% | $0.50 | 10000 | - | 10000 |
| Total Convertible Related Party Notes Payable |  |  |  |  |  | - | 16600 |
| **Total Notes Payable** |  |  |  |  |  | $169712 | $145966 |

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| F-14 |
| *[**Table of Contents**](#TOCF)* |

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The conversion rate is one share of common stock at $0.50 per share, per dollar amount owed.

**NOTE 5 – COMMITMENTS AND CONTINGENCIES** 

The Company is obligated for payments under related party notes payable and automobiles lease payments.

The following table represents the related party notes payable owed at December 31, 2025 and 2024:

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| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **December 31,**<br>**2024** |
| Notes payable - Mike Zaman – Chief Executive Officer | $43212 | $24966 |
| Notes payable – Mike Zaman Irrevocable Trust – Trust of Chief Operating Officer | 126500 | 121000 |
| Total related party notes payable | $169712 | $145966 |

---

The Company agreed to pay the automobile lease of $395 and $278 a month for Mike Zaman, our Chief Executive Officer and Montse Zaman, our Corporate Secretary and Treasurer, on a month-to-month basis and can be cancelled at any time.

**NOTE 6 – RELATED PARTY TRANSACTIONS**

During the twelve months ended December 31, 2025 and 2024, the Company settled accrued payables for services with the following related parties for common stock at $0.50 per share:

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| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **December 31,**<br>**2024** |
| Mike Zaman, Chief Executive Officer | $- | $719650 |
| Montse Zaman, Secretary and Treasurer |  | 170000 |
| Kenneth Bosket, Chief Financial Officer | - | 150850 |
| Total | $- | $1040500 |

---

Related party accrued payments for services, which were settled for common stock in February 2024 and the $1,244,500 amortization of warrant discount contributed to the $3.7 million net loss in the twelve months ended December 31, 2024.

In March 2025, our Chief Executive Officer and our Corporate Secretary and Treasurer forgave interest the Company owed them in the amount $3,503 and $34,672, respectively. These amounts were credited to additional paid-in-capital.

The Company is obligated to related parties for notes payable as follows as of December 31, 2025 and 2024:

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| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **December 31,**<br>**2024** |
| Notes payable - Mike Zaman – Chief Executive Officer | $43212 | $24966 |
| Notes payable – Mike Zaman Irrevocable Trust – Trust of Chief Operating Officer | 126500 | 121000 |
| Property and Equipment, net | $169712 | $145966 |

---

The detail of the above notes are listed in Note 4

The Company periodically receives operating funds advanced from related parties which are documented with notes payable or convertible notes payable. Additionally, the Company related parties cover account payables by direct payment of the account payables which are also documented with notes payable or convertible notes payable. As of December 31, 2025 and 2024, the total non-convertible notes and convertible notes from related parties were $169,712, and $129,366, non-convertible and $0 and $16,000 convertible respectively.

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| F-15 |
| *[**Table of Contents**](#TOCF)* |

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**NOTE 7 – STOCKHOLDERS' DEFICIT**

During the year ending December 31, 2025, the Company issued 96,096 shares of common stock of which 76,500 shares of common stock were issued to settle accounts payable, 8,596 common shares for conversion of notes payable and accrued interest and 11,000 common shares for cash as follows:

On February 28, 2025, the Company issued 55,250 restricted shares of common stock for conversion of a $27,625 account payable to Cloud Network Systems Inc. at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on the conversion date was $0.80, which contributed to a loss of $16,630.

On March 28, 2025, the Company issued 8,596 restricted shares of common stock for conversion of a note payable of $4,298 to Vast Capital. The company converted the amount owed at a rate of fifty cents ($0.50) per share. The share price on the conversion date was $0.80, which contributed to a loss of $2,949.

On May 29, 2025, Stephen Bryan Wilson purchased 5,000 shares of restricted common stock at $1.00 per share at the purchase price of $5,000. The share price on the purchase date was $1.

On August 20, 2025, Larry Helwig purchased 6,000 shares of restricted common stock at $0.50 per share at the purchase price of $3,000. The share price on the purchase date was $0.72, which contributed to a loss of $1,272.

On December 28, 2025, the Company issued 21,250 restricted shares of common stock for conversion of a $21,250 account payable to Cloud Network Systems at a conversion rate of one dollar ($1.00) per share for the total amount owed. The share price on conversion date was $1.04, which contributed to a loss of $850.

During the year ending December 31, 2024, the Company issued 2,359,160 shares of common stock for Account Payable/Related Party, 25,000 shares for account payable, 10,000 shares for services, and 24,414 shares for a note payable as follows:

On February 9, 2024, the Company issued 24,414 restricted shares of common stock for conversion of a note payable of $10,000 at 12% interest to Jamie Hadfield at a conversion rate of fifty cents ($0.50) per share for the total note amount owed. The share price on conversion date was $1.48, which attributed to a loss of $34,180.

On February 20, 2024, the Company issued 1,439,300 restricted shares of common stock for conversion of $719,650 in accrued expenses to Mike Zaman at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $1,410,514.

On February 20, 2024, the Company issued 278,160 restricted shares of common stock for conversion of a $139,080 in accrued expenses to Arnulfo Saucedo-Bardan at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $272,597.

On February 20, 2024, the Company issued 301,700 restricted shares of common stock for conversion of $150,850 in accrued expenses to Kenneth Bosket at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $295,666.

On February 20, 2024 the Company issued 340,000 restricted shares of common stock for conversion of $170,000 in accrued expenses to Montse Zaman at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $333,200.

On February 20, 2024, the Company issued 25,000 restricted shares of common stock for conversion of a $12,500 account payable to Cloud Network Systems Inc. at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $24,500.

On February 20, 2024 the Company issued 10,000 restricted shares of common stock for $14,800 for services to Vinoth Sambandam. The original amount owed was $5,000. The company converted the amount owed at a rate of fifty cents ($0.50) per share. The share price on conversion date was $1.48, which attributed to a loss of $9,800.

On September 27, 2024, the Company issued 25,584 restricted shares of common stock for conversion of a $30,445 account payable to Lynn Management LLC at a conversion rate of one dollar nineteen cents ($1.19) per share for the total amount owed. The share price on conversion date was $1.19.

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| *[**Table of Contents**](#TOCF)* |

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Equity Incentive Plan

The Company's 2014 Equity Incentive Plan, as amended and restated (the "Equity Incentive Plan") provided for 1,000,000 shares, to be used for grants of stock options, as well as grants of stock, including restricted stock. There are 900,000 shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 900,000 shares were available for issuance as of December 31, 2025 and 2024. The shares issued to individuals in 2024 and 2025 for services were not shares issued pursuant to the plan.

Preferred Stock

The Company has designated 1,000 shares of its preferred stock as Series A Preferred Stock. Each share of Series A Preferred shall have no dividend, voting or other rights except for the right to elect Class I Directors. As of December 31, 2025, the Company has 1,000 shares of Series A Preferred Stock outstanding.

Warrants – the Company has no warrants outstanding.

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Number** | | | |
|  | **of Shares** |<br>**Weighted**<br>**Average**<br>**Exercise**<br>**Price per share** | **Weighted**<br>**Average**<br>**Remaining**<br>**Contractual**<br>**Life (Years)** |<br><br>**Intrinsic**<br>**Value** |
| **Balance at December 31, 2023** | **-** | $**-** |  |  |
| Issuance of warrants in 2024 | 1000000 | $25.00 | 1.0 |  |
| Warrants cancelled in 2024 | (1000000) | $- |  |  |
| Exercise warrants in 2024 | - | $- |  |  |
| **Balance at December 31, 2024** | **-** | $**-** |  |  |
| Issuance of warrants in 2025 |  | $- |  |  |
| Exercise warrants in 2025 |  | $- |  |  |
| Expiration of warrants in 2025 | - | $- |  |  |
| **Balance at December 31, 2025** | **-** | $**-** |  |  |

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**NOTE 8 – INCOME TAXES**

The Company follows ASC 740, Accounting for Income Taxes. In the years ended December 31, 2025 and 2024, deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry forwards. For federal income tax purposes, the Company uses the accrual basis of accounting, the same that is used for financial reporting purposes.

The Company did not have taxable income for the years ended December 31, 2025 or 2024.

Federal income tax returns have not been examined and reported upon by the Internal Revenue Service and returns of the years since December 31, 2022 are still open.

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| F-17 |
| *[**Table of Contents**](#TOCF)* |

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Net deferred tax assets consist of the following components as of December 31, 2025 and 2024:

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| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Deferred tax assets: |  |  |
| &nbsp;&nbsp;&nbsp;NOL Carryover  | $1728385 | $1709112 |
| &nbsp;&nbsp;&nbsp;Valuation allowance | (1728385) | (1709112) |
| Net deferred tax asset | $- | $- |

---

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rates to pretax income from continuing operations for the years ended December 31, 2025 and 2024 due to the following:

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| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Federal Tax (21%) | $(23827) | $(780552) |
| Non-deductible expenses | 4555 |  |
| Change in Valuation allowance | 19272 | 780552 |

---

As of December 31, 2025 and 2024, the Company's accumulated net operating loss carryforward was approximately $8,919,937 and $8,828,164, respectively.

**NOTE 9 – SUBSEQUENT EVENTS**

On January 06, 2026, the company entered into a promissory note with the Mike Zaman Irrevocable Trust in the amount of $5,000 at an interest rate of 12%.

On January 28, 2026, the company entered into a promissory note with the Mike Zaman Irrevocable Trust in the amount of $2,000 at an interest rate of 12%.

On February 11, 2026, the company entered into a promissory note with the Mike Zaman in the amount of $1,149 at an interest rate of 12%.

On March 5, 2026, the company entered into a promissory note with the Mike Zaman in the amount of $20,082 at an interest rate of 17.49%.

Management has analyzed its operations for subsequent events until March 6, 2026, and the date this financial statement was issued and has determined that no other subsequent events occurred.

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**ITEM 9: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE**

There were no disagreements with accountants on accounting and financial disclosure during the relevant period.

**ITEM 9A: CONTROLS & PROCEDURES**

**Changes in Internal Controls over Financial Reporting**

We have not made any changes in our internal controls over financial reporting that occurred during the period covered by this report on Form 10-K that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

**Evaluation of Disclosure Controls and Procedures**

For purposes of this section, the term *disclosure controls and procedures* means controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Securities Exchange Act of 1934, as amended (the "Act") (15 U.S.C. 78a et seq.) is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated to the issuer's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. It should be noted that the design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote. As of the end of the period covered by this Annual Report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our CEO and CFO has concluded that the Company's disclosure controls and procedures are not effective because of the identification of a material weakness in our internal control over financial reporting, which is identified below, which we view as an integral part of our disclosure controls and procedures.

**Management's Annual Report on Internal Control Over Financial Reporting**

Our management, including our Chief Executive Officer and Chief Financial Officer, is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act that designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes, in accordance with generally accepted accounting principles. Because of inherent limitations, a system of internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate due to change in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Our management conducted an evaluation of the effectiveness of our internal control over financial reporting using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control—Integrated Framework (2013). Based on its evaluation, our management concluded that there are material weaknesses in our internal control over financial reporting. A material weakness is a deficiency, or a combination of control deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company's annual or interim financial statements will not be prevented or detected on a timely basis.

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The material weaknesses relate to the following:

- Lack of segregation of duties in financial reporting, as our financial reporting and all accounting functions are performed by our Officers. Our Officers do not possess accounting expertise and our company does not have an audit committee.

- Lack of a formal review process that includes multiple levels of review, as all accounting and financial reporting functions are performed by our Officers and the work is not reviewed by anyone.

- Lack of expertise in accounting for and valuation of equity and marketable securities transactions.

- Lack of controls over the identification and approval of related parties and transactions.

These weaknesses are due to the company's lack of working capital to hire additional staff. To remedy the material weaknesses, we intend to engage another accountant to assist with financial reporting as soon as our finances will allow.

This annual report does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to the attestation by the Company's registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management's report in this annual report.

The Company's management carried out an assessment of the effectiveness of the Company's internal control over financial reporting as of December 31, 2025. The Company's management based its evaluation on criteria set forth in the framework in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on that assessment, management has concluded that the Company's internal control over financial reporting was not effective as of December 31, 2025.

**ITEM 9B: OTHER INFORMATION**

None.

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| 10 |
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**PART III**

**ITEM 10: DIRECTORS AND EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE**

Identification of Directors and Executive Officers of the Company

The following table sets forth the names and ages of all directors and executive officers of the Company and all persons nominated or chosen to become a director, indicating all positions and offices with the Company held by each such person and the period during which they have served as a director:

The principal executive officers, and directors of the Company as of December 31, 2025, are as follows:

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| | | |
|:---|:---|:---|
| **Name** | **Age** | **Positions Held and Tenure** |
| Mike Zaman | 69 | Chairman since 11/2013; appointed President/CEO since 7/2015 |
| Kenneth Cornell Bosket | 72 | Director since 06/2008; appointed to CFO since 6/2016 |
| Montse Zaman | 51 | Director, Secretary and Treasurer since 02/2008 |
| Shahram Khial | 75 | Director, Vice President of Marketing since 08/2020 |

---

There are no family relationships between or among any Officer and Director.

The Directors named above will serve until the next annual meeting of the Company's stockholders. Thereafter, Directors will be elected for one-year terms at the annual stockholders' meeting. Officers will hold their positions at the pleasure of the Board of Directors, absent any employment agreement, of which none currently exist or is contemplated. There is no arrangement or understanding between the Directors and Officers of the Company and any other person pursuant to which any Director or Officer was or is to be selected as Director or Officer of the Company.

The Directors and Officers of the Company will devote their time to the Company's affairs on an "as needed" basis. As a result, the actual amount of time which each will devote to the Company's affairs is unknown and is likely to vary substantially from month to month.

The Company has no audit or compensation committee.

Business Experience: The following is a brief account of the business experience for the past five years of the directors and executive officers, indicating their principal occupations and employment during that period, and the names and principal businesses of the organizations in which such occupations and employment were carried out.

MIKE ZAMAN - Mike Zaman is the President, CEO and Chairman of the Board of the company. He was born in Tehran, Iran and moved to Florida in the 1980's. Mr. Zaman earned his Bachelor degree from the Florida International University in Computer Science. He has been a corporate, marketing and sales consultant for many numerous companies and has advised or consulted in the process of mergers, acquisitions, as well as the raising of capital for private and public entities.

KENNETH CORNELL BOSKET - Kenneth Cornell Bosket is a director and CFO of the Company. Mr. Bosket has been a member of the Company's team since June, 2008. Mr. Bosket retired in 2004 after 30 years with Sprint (Telecommunication Division). Mr. Bosket is a former Board Member and President of Bridge Counseling Associates, a mental health and substance abuse service company. His experience includes implementing appropriate procedures for positioning his organization's goals with successful teaming relationships, marketing and over 30 years of extensive customer service, as well as managing various departments, and being a western division facilitator working directly for a President of Sprint. Mr. Bosket earned a Masters of Business Administration from the University of Phoenix and a Bachelor's of Business Administration from National University.

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| 11 |
| *[**Table of Contents**](#TOC)* |

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MONTSE ZAMAN - Montse Zaman is the corporate secretary of the Company. She worked for Zaman & Company, a private business consulting firm, as an administrative assistant. In 2008, she joined the Company. Ms. Zaman has extensive organizational experience. She has a Bachelor degree in Communications from the Instituto Superior De Ciencia Y Tecnologia A.C. in Mexico.

SHAHRAM KHIAL – Shahram Khial, Ph.D. has sound interpersonal communication skills in several languages, effective interfacing with health care institutions, communities, organizations and industries, public and private sectors within all levels of management. Mr. Khial has served on the board of directors of several private and publicly held corporations. He earned a Bachelor's degree in Law and Political Sciences and a Maters of Public Administration Program from the University of Tehran in Tehran, Iran. Mr. Khial received his Ph.D. in Educational Administration from the University of Utah in Salt Lake City, Utah.

CONFLICTS OF INTEREST

The Officers and Directors of the Company will devote most of their time to the Company; however, there will be occasions when the time requirements of the Company's business conflict with the demands of their other business and investment activities. Such conflicts may require that the Company attempt to employ additional personnel. There is no assurance that the services of such persons will be available or that they can be obtained upon terms favorable to the Company.

There is no procedure in place which would allow the Officers and Directors to resolve potential conflicts in an arms-length fashion. Accordingly, they will be required to use their discretion to resolve them in a manner which they consider appropriate.

The Company's Officers and Directors may actively negotiate or otherwise consent to the purchase of a portion of their common stock as a condition to, or in connection with, a proposed merger or acquisition transaction. It is anticipated that a substantial premium over the initial cost of such shares may be paid by the purchaser in conjunction with any sale of shares by the Company's Officers and Directors which is made as a condition to, or in connection with, a proposed merger or acquisition transaction. The fact that a substantial premium may be paid to the Company's Officers and Directors to acquire their shares creates a potential conflict of interest for them in satisfying their fiduciary duties to the Company and its other shareholders. Even though such a sale could result in a substantial profit to them, they would be legally required to make the decision based upon the best interests of the Company and the Company's other shareholders, rather than their own personal pecuniary benefit.

The Company previously adopted a Code of Ethics in 2004. The Company has revised the Code of Ethics and is adopting a new Code of Ethics which applies to its directors as well as to its officers including its principal executive officer, principal financial officer, and principal accounting officer. A copy of the Code of Ethics is attached as an Exhibit to this Report and is also available on the Company's website, www.crownequityholdings.com . A copy of the Code of Ethics is also available at no charge to anyone who may send a request in writing to the Company, addressed to its CEO, at Las Vegas, NV 89141.

Identification of Certain Significant Employees - The Company does not employ any persons who make or are expected to make significant contributions to the business of the Company.

**ITEM 11: EXECUTIVE COMPENSATION**

During the fiscal period 2025, the Company recorded aggregate compensation of $0 due to officers and directors. As of December 31, 2025, there are no outstanding balance due to officers and directors.

During the fiscal period 2025 the Company paid its officers and directors an aggregate of $0. Directors made the decision to serve as officers and/or directors without compensation upon appointment.

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| 12 |
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**DIRECTORS AND OFFICERS COMPENSATION** 

The following tables sets for the compensation for all officers and directors during the past two years:

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Annual compensation** | **Annual compensation** | | | **Long-term compensation** | **Long-term compensation** | | | |
| | | | | | **Awards** | **Awards** | | | |
| <br>**Name and Principal Position** | <br>**Year** | <br>**Salary**<br>**($)** |<br>**Bonus**<br>**($)** |<br>**Other**<br>**annual**<br>**compensation**<br>**($)** | **Restricted**<br>**stock**<br>**award(s)**<br>**($)** | **Securities**<br>**under-**<br>**lying**<br>**options/**<br>**SARs**<br>**(#)** |<br>**Payouts**<br>**LTIP**<br>**payouts**<br>**($)** |<br>**All other**<br>**Comp**<br>**($)** | <br>**Total Compensation** |
| Kenneth Cornell Bosket | 2025 |  |  |  |  |  |  |  |  |
| CFO, Director | 2024 |  |  |  | 150850 |  |  |  | 150850  |
| Montse Zaman | 2025 |  |  |  |  |  |  |  |  |
| COO, Director | 2024 |  |  |  | 170000 |  |  |  | 170000  |
| Mike Zaman | 2025 |  |  |  |  |  |  |  |  |
| CEO, Director | 2024 |  |  |  | 719650 |  |  |  | 719650  |

---

Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meeting of the Board of Directors.

The Company has no material bonus or profit-sharing plans pursuant to which cash or non-cash compensation is or may be paid to the Company's directors or executive officers.

The Company has no compensatory plan or arrangements, including payments to be received from the Company, with respect to any executive officer or director, where such plan or arrangement would result in any compensation or remuneration being paid resulting from the resignation, retirement or any other termination of such executive officer's employment or from a change-in-control of the Company or a change in such executive officer's responsibilities following a change-in-control and the amount, including all periodic payments or installments where the value of such compensation or remuneration exceeds $100,000 per executive officer.

During the last completed fiscal year, no funds were set aside or accrued by the Company to provide pension, retirement or similar benefits for Directors or Executive Officers.

The Company has no written employment agreements.

In December, 2007, the Company adopted the Crown Equity Holdings, Inc. Consultants and Employees Stock Plan for 2007. Under the Plan, 50,000 shares are reserved for issuance to employees, officers, directors, advisors, and consultants. As of December 31, 2013, 28,855 shares had been issued under the Plan. During 2014, an additional 20,500 shares were issued under the Consultants and Employees Stock Plan.

In October, 2014, the Company adopted a new Crown Equity Holdings, Inc. Consultants and Employees Stock Plan for 2014. As of December 31, 2025, no shares were issued from this plan.

*Termination of Employment and Change of Control Arrangement*. Except as noted herein, the Company has no compensatory plan or arrangements, including payments to be received from the Company, with respect to any individual named above from the latest or next preceding fiscal year, if such plan or arrangement results or will result from the resignation, retirement or any other termination of such individual's employment with the Company, or from a change in control of the Company or a change in the individual's responsibilities following a change in control.

*Section 16(a) Beneficial Ownership Reporting Compliance*. During the year ended December 31, 2025, the following persons were officers, directors and more than ten-percent shareholders of the Company's common stock:

---

| | | |
|:---|:---|:---|
| **Name** | **Position** | **Filed Reports** |
| Mike Zaman | Officer, Director | Yes |

---

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| |
|:---|
| 13 |
| *[**Table of Contents**](#TOC)* |

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**ITEM 12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCK MATTERS**

There were 15,936,480 shares of the Company' common stock issued and outstanding on December 31, 2025. There are 20,001,000 shares of preferred stock, par value $.001, of which 1,000 are designated as Series A. The 1,000 Series A preferred shares are outstanding on December 31, 2025. No other Preferred Shares are outstanding at December 31, 2025. The following tabulates holdings of shares of the Company by each person who, subject to the above, at the date of this Report, holds or record or is known by Management to own beneficially more than five percent (5%) of the Common Shares of the Company and, in addition, by all directors and officers of the Company individually and as a group.

 **Preferred Stock**

---

| | | |
|:---|:---|:---|
| **Names and Addresses** | **Number of Preferred Shares Owned Beneficially** | **Percent of Preferred Beneficially Owned Shares** |
| Mike Zaman (1) | 1000 | 100% |
| 11226 Pentland Downs Street |  |  |
| Las Vegas, NV 89141 |  |  |

---

_______________

(1) Denotes Officer and/or Director

**Common Stock**

---

| | | |
|:---|:---|:---|
| **Names and Addresses** | **Number of**<br>**Shares**<br>**Owned**<br>**Beneficially** | **Percent of Beneficially**<br>**Owned**<br>**Shares** |
| Mike Zaman Irrevocable Trust (1) | 10013067 | 62.83% |
| 11226 Pentland Downs Street |  |  |
| Las Vegas, Nevada 89141 |  |  |
| Jamie Hadfield (2)  | 424414 | 2.66% |
| 1610 W 100 N 82 |  |  |
| St. George, Utah 84770 |  |  |
| Mohammad Sadrolashrafi (2)  | 71303 | 0.45% |
| 1160 S Nevada Street |  |  |
| Carson City, Nevada 89703 |  |  |
| Kenneth Cornell Bosket (1) | 322722 | 2.03% |
| 1453 Flintrock Road |  |  |
| Henderson, Nevada 89014 |  |  |
| Shahram Khial (1) | 18281 | 0.11% |
| 15030 Ventura Blvd Ste. 771 |  |  |
| Sherman Oaks, California 91403 |  |  |
| Montse Zaman (1) | 340000 | 2.13% |
| 11226 Pentland Downs Street |  |  |
| Las Vegas, Nevada 89141 |  |  |
| Mike Zaman (1) | 1439300 | 9.03% |
| 11226 Pentland Downs Street |  |  |
| Las Vegas, Nevada 89141 |  |  |
| All directors and officers as a group | 12629087 | 79.25% |

---

_______________

(1) Denotes officer or director.

(2) Hadfield resigned in January 2025 and Sadrolashrafi resigned in April 2025

---

| |
|:---|
| 14 |
| *[**Table of Contents**](#TOC)* |

---

Change in Control. There are no arrangements known to the Company, including any pledge by any person of securities of the Company, the operation of which may at a subsequent date result in a change of control of the Company.

**Equity Compensation Plan Information**

---

| | | | |
|:---|:---|:---|:---|
| **Equity Compensation Plan Category** | **Number of securities to be issued upon exercise of outstanding options, warrants and rights** | **Weighted-average exercise price of outstanding options, warrants and rights** | **Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))** |
|  | **(a)** | **(b)** | **(c)** |
| Equity compensation plans approved by security holders |  |  | 900000 |
| Equity compensation plans not approved by security holders |  |  |  |
| Total |  |  | 900000 |

---

The Company utilizes the shares available under the Plan described above to issue shares of stock as compensation to employees, consultants and officers and directors. At the end of each quarter, the Board of Directors of the Company determines the number of shares to be issued pursuant to the Plan. There were no shares issued pursuant to the plan in the twelve months ended December 31, 2025 and 2024.

**ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS**

The Company in 2025 was provided office space by one of its officers and director at no charge. The Company believes that the provided office space is sufficient for its needs in the foreseeable future.

The Company periodically receives operating funds advanced from related parties which are documented with notes payable or convertible notes payable. Additionally, the Company related parties cover account payables by direct payment of the account payables which are also documented with notes payable or convertible notes payable. As of December 31, 2025 and 2024, the total non-convertible notes and convertible notes from related parties were $169,712, and $129,366, non-convertible and $0 and $16,000 convertible respectively.

**ITEM 14: PRINCIPAL ACCOUNTING FEES AND SERVICES** 

On December 18, 2025, the Board of Directors of the Company dismissed Bush & Associates CPA LLC as its independent registered accounting firm and on December 18, 2025 (the "Engagement Date") engaged L J Soldinger Associates, LLC ("Soldinger") as its independent registered public accounting firm for the Company's fiscal year ending December 31, 2025 to replace Bush & Associates CPA LLC ("Bush"). The decision to engage Soldinger as the Company's independent registered public accounting firm was approved by the Company's Board of Directors, following the dismissal of Bush.

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Audit fees | $34000 | $15000 |
| Audit related fees |  |  |
| Tax fees |  |  |
| All other fees |  |  |

---

Audit fees represent the professional services rendered for the audit of our annual financial statements and the review of our financial statements included in quarterly reports, along with services normally provided by the accounting firm in connection with statutory and regulatory filings or engagements. Audit-related fees represent professional services rendered for assurance and related services by the accounting firm that are reasonably related to the performance of the audit or review of our financial statements that are not reported under audit fees.

Tax fees represent professional services rendered by the accounting firm for tax compliance, tax advice, and tax planning. All other fees represent fees billed for products and services provided by the accounting firm, other than the services reported for in the other categories.

---

| |
|:---|
| 15 |
| *[**Table of Contents**](#TOC)* |

---

**PART IV**

**ITEM 15: EXHIBITS**

**EXHIBITS FILED WITH THIS REPORT**

Exhibits required by Item 601 of Regulation S-K. The following exhibits are filed as a part of, or incorporated by reference into, this Report.

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| [3.1\*](http://www.sec.gov/Archives/edgar/data/1103833/000147793225003067/crwe_ex31.htm) | [Amended and Restated Certificate of Incorporation of the Crown Equity Holdings, Inc., as Amended by the Certificate of Amended dated March 2, 2017](http://www.sec.gov/Archives/edgar/data/1103833/000147793225003067/crwe_ex31.htm) |
| [3.2\*](http://www.sec.gov/Archives/edgar/data/1103833/000147793224002238/crwe_ex32.htm) | [By-laws](http://www.sec.gov/Archives/edgar/data/1103833/000147793224002238/crwe_ex32.htm) |
| [31.1\*\*](crwe_ex311.htm) | [Certifications Required by Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](crwe_ex311.htm) |
| [31.2\*\*](crwe_ex312.htm) | [Certifications Required by Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](crwe_ex312.htm) |
| [32.1\*\*](crwe_ex321.htm) | [Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](crwe_ex321.htm) |
| [32.2\*\*](crwe_ex322.htm) | [Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](crwe_ex322.htm) |

---

---

| | |
|:---|:---|
| 101\*\* | Interactive data files pursuant to Rule 405 of Regulation S-T. |
| 101.INS\*\*\* | Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document). |
| 101.SCH\*\*\* | Inline XBRL Taxonomy Extension Schema Document. |
| 101.CAL\*\*\* | Inline XBRL Taxonomy Extension Calculation Linkbase Document. |
| 101.DEF\*\*\* | Inline XBRL Taxonomy Extension Definition Linkbase Document. |
| 101.LAB\*\*\* | Inline XBRL Taxonomy Extension Labels Linkbase Document. |
| 101.PRE\*\*\* | Inline XBRL Taxonomy Extension Presentation Linkbase Document. |
| 104\*\*\* | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). |

---

\* Exhibit filed previously

\*\* Exhibit filed herewith

\*\*\* XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

---

| |
|:---|
| 16 |
| *[**Table of Contents**](#TOC)* |

---

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned; thereunto duly authorized, in the City of Las Vegas, State of Nevada, on March 11, 2026

---

| | |
|:---|:---|
| **CROWN EQUITY HOLDINGS, INC.** | **CROWN EQUITY HOLDINGS, INC.** |
| By: | */s/ Mike Zaman* |
|  | Mike Zaman |
|  | Chief Executive Officer |

---

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on March 11, 2026

---

| | |
|:---|:---|
| **Signature** | **Title** |
| */s/ Mike Zaman* | Director, Chief Executive Officer |
| Mike Zaman |  |
| */s/ Montse Zaman* | Director, Secretary and Treasurer |
| Montse Zaman |  |
| /s/ Kenneth Cornell Bosket | Director, Chief Financial Officer (Principal |
| Kenneth Cornell Bosket | Financial Officer), Principal Accounting Officer |

---

## Exhibit 31.1

**EXHIBIT 31.1**

**FORM OF CERTIFICATION**

**PURSUANT TO RULE 13a-14 AND 15d-14**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED**

**CERTIFICATION**

I, Mike Zaman, certify that:

1. I have reviewed this annual report on Form 10-K of Crown Equity Holdings Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: March 11, 2026 | By: | */s/ Mike Zaman* |
|  |  | Mike Zaman |
|  |  | President/CEO |

---

## Exhibit 31.2

**EXHIBIT 31.2**

**FORM OF CERTIFICATION**

**PURSUANT TO RULE 13a-14 AND 15d-14**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED**

**CERTIFICATION**

I, Kenneth Bosket, certify that:

1. I have reviewed this annual report on Form 10-K of Crown Equity Holdings Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: March 11, 2026 | By: | */s/ Kenneth Bosket* |
|  |  | Kenneth Bosket |
|  |  | Chief Financial Officer |

---

## Exhibit 32.1

**EXHIBIT 32.1**

**CERTIFICATIONS PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

**(18 U.S.C. SECTION 1350)**

In connection with the Annual Report of Crown Equity Holdings Inc. on Form 10-K for the period ended December 31, 2025, as filed with the Securities and Exchange Commission (the "Report") Mike Zaman, Chief Executive Officer of the Company, does hereby certify, pursuant to §906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. §1350), that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

---

| | | |
|:---|:---|:---|
| Date: March 11, 2026 | By: | */s/ Mike Zaman* |
|  |  | Mike Zaman |
|  |  | Chief Executive Officer |

---

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

## Exhibit 32.2

**EXHIBIT 32.2**

**CERTIFICATIONS PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

**(18 U.S.C. SECTION 1350)**

In connection with the Annual Report of Crown Equity Holdings Inc. on Form 10-K for the period ended December 31, 2025, as filed with the Securities and Exchange Commission (the "Report") Kenneth Bosket, Chief Financial Officer of the Company, does hereby certify, pursuant to §906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. §1350), that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

---

| | | |
|:---|:---|:---|
| Date: March 11, 2026 | By: | */s/ Kenneth Bosket* |
|  |  | Kenneth Bosket |
|  |  | Chief Financial Officer |

---

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.