EDGAR 10-K Filing

Company CIK: 1696411
Filing Year: 2024
Filename: 1696411_10-K_2024_0001477932-24-003892.json

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ITEM 1. BUSINESS
Item 1. Description of Business
FORWARD-LOOKING STATEMENTS
This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
GENERAL
Brief description of Crona Corp.
The Company was incorporated on October 6, 2016 under the laws of the State of Nevada.
On December 29, 2022, Andrei Gurduiala, former President of Crona Corp. (the “Company”) closed a Share Purchase Agreement (the “Agreement”) that he entered with Chris Brown to sell all his 5,000,000 common shares of the Company to Chris Brown for cash consideration of $500,000.
On December 29, 2022 a change in control of the Company occurred pursuant to the Agreement. Mr. Brown now has voting control over 82.1% of the Company’s issued and outstanding common stock.
On December 29, 2022, the Company received the resignation of Andrei Gurduiala as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary and Director. Also on December 29, 2022, the Company appointed Chris Brown as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.
Effective December 29, 2022, the Company’s new address is 422 Richards Street, Unit 170 Vancouver, BC V6B 2Z4.
On February 3, 2023 the Company filed Articles of Continuance with the Secretary of State for the state of Wyoming. Accordingly, the Company transferred its state of formation from Nevada to Wyoming and became a Wyoming entity. In conjunction with this change of domicile, the Company increased the number of common shares that it is authorized to issue to 1,000,000,000 shares, par value $0.00001 per share.
On February 7, 2023 the Company filed a Certificate of Dissolution with the Secretary of State for the State of Nevada, effectively dissolving the Company’s existence in Nevada. The effective date for the Nevada dissolution is March 17, 2023.
On February 7, 2023, the Company increased the number of directors on its Board of Directors from 1 to 3. On February 7, 2023 the Company appointed Lucille Zdunich and Robert Brown as Directors of the Company.
On May 11, 2023 the Company authorized “Class B Preferred Stock,” and the number of shares constituting such Class shall be 10,000,000 (the “Class B Preferred Stock”).
On June 22, 2023, a shareholder holding majority voting power of the shares of the Company, by written consent, voted to elect Demetrios Malamas to the Company’s board of Directors.
On June 22, 2023, the Company received the resignation of Chris Brown as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary and Director and the resignation of Robert Brown as Director. The Company’s Board of Directors now has two members.
Also on June 22, 2023, the Company appointed Demetrios Malamas as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.
On June 28, 2023, the Company canceled the forward split (Effective as of March 6, 2023 (the “Effective Date”), all issued and outstanding shares of common stock of the Corporation automatically shall be increased at a rate of five-for-one (the “Forward Split”)) and filed a name change with the State of Wyoming to American Caskets Company.
On July 20, 2023 the State of Wyoming filed and stamped the amendments.
General description of our activity
On June 22, 2023, the Company appointed Demetrios Malamas as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary. As a result of the management change, the Company is moving out of the antimicrobial surface protection services business and into the memorialization industry, serving our customers in cemetery and funeral industries.
We have not generated revenue to date and intend to generate revenue from our products sales to customers. Our mission is to ensure families are supported during the most difficult time of their lives. We aim to help families move forward from grief to remembrance. We are proud to provide products and solutions to meet the needs of every family.
We provide a variety of funeral products including funeral caskets. Funeral caskets come in a wide array of models and are made of several different materials. Metal funeral caskets come in Copper, Stainless Steel, 18 Gauge metal and 20-gauge metal. They come with a variety of popular interiors including velvet, crepe and satin among other fabrics. As for the wooden caskets, they also come in a variety of woods including, but not limited to; Pine, Mahogany, Oak, Cherry, Pecan, Maple, Poplar and Cedar. All of these caskets come with a variety of finishes, a variety of handles (swing bars or stationery, a variety of decorative corners, repositioning beds).
Our customers for caskets are funeral homes, funeral suppliers, and casket distributors in the US market. By importing from China, the Company is following a well-worn outsourcing playbook that’s upended markets for American-made goods from electronics to bedroom furniture. Our relationship with several factories in China allows us to have priority manufacturing. In addition, our relationship with shippers allows us to have priority shipping at some of the best rates available. We will import 40-foot containers holding 64 caskets apiece and sells them to funeral homes and regional distributors for a fraction of the price. We will be attending industry Trade Shows at the National as well as the State level to increase company visibility and market presence and work to increase market share as well as to stay in contact with our Funeral Home families and customers. In addition, our marketing will include advertising in Funeral industry magazines and journals.
RESEARCH AND DEVELOPMENT EXPENDITURES
We have not incurred any research expenditures since our incorporation.
BANKRUPTCY OR SIMILAR PROCEEDINGS
There has been no bankruptcy, receivership or similar proceeding.
COMPLIANCE WITH GOVERNMENT REGULATION
We will be required to comply with all regulations, rules and directives of governmental authorities and agencies applicable to the services provided in any facility in any jurisdiction which we would conduct activities.
FACILITIES
Our previously leased office is located at 422 Richards Street, Unit 170, Vancouver, BC V6B 2Z4. Our current office, effective as of June 22, 2023 is 304 South Jones Blvd. #7356, Las Vegas, Nevada 89107. Our telephone number is
(888) 998-1888.
EMPLOYEES AND EMPLOYMENT AGREEMENTS
We have no employees as of the date of this prospectus. Our President, Demetrios Malamas currently devotes approximately 20 hours per week to company matters. After receiving funding, Mr.Malamas plans to devote as much time to the operation of the Company as he determines is necessary for him to manage the affairs of the Company. As our business and operations increase, we will assess the need for full time management and administrative support personnel.
LEGAL PROCEEDINGS
There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company

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ITEM 1A. RISK FACTORS
Item 1A. Risk Factors
Not applicable to smaller reporting companies.

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ITEM 1B. UNRESOLVED STAFF COMMENTS

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ITEM 2. PROPERTIES
Item 2. Description of Property
We do not own any real estate or other properties.

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ITEM 3. LEGAL PROCEEDINGS
Item 3. Legal Proceedings
We know of no legal proceedings to which we are a party or to which any of our property is the subject which are pending, threatened or contemplated or any unsatisfied judgments against us.

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ITEM 4. MINE SAFETY DISCLOSURE
Item 4. Submission of Matters to a Vote of Security Holders
None.
PART II

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ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY
Item 5. Market for Common Equity and Related Stockholder Matters
Market Information
There is a limited public market for our common shares. The common shares of the Company are traded on OTC Markets under the ticker symbol of CCCP. As of December 31, 2023, the total amount of shares of our common stock have traded counted 6,587,500.
Number of Holders
As of December 31, 2023, the 6,587,500 issued and outstanding shares of common stock were held by a total of 20 shareholders of record.
Dividends
No cash dividends were paid on our shares of common stock during the fiscal years ended December 31, 2023 and 2022. We have not paid any cash dividends since our inception and do not foresee declaring any cash dividends on our common stock in the foreseeable future.
Recent Sales of Unregistered Securities
None.
Purchase of our Equity Securities by Officers and Directors
None.
Other Stockholder Matters
None.

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ITEM 6. SELECTED FINANCIAL DATA
Item 6. Selected Financial Data
Not applicable.

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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.
RESULTS OF OPERATIONS
We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.
We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.
FISCAL YEAR ENDED DECEMBER 31, 2023 COMPARED TO FISCAL YEAR ENDED DECEMBER 31, 2022.
Our net loss for the fiscal year ended December 31, 2023 was $193,626 compared to a net income of $45,148 during the fiscal year ended December 31, 2022. The changes are related to increase in professional fees.
Operating expenses for the year ended December 31, 2023 consisted of amortization on convertible promissory note of $15,137; depreciation expenses of $31,437; professional fees of $110,514 and general and administrative expenses of $15,280. Operating expenses for the year ended December 31, 2022 consisted of professional fees of $28,124 and general and administrative expenses of $4,846. The increase in expenses is related to increase in professional fees.
LIQUIDITY AND CAPITAL RESOURCES
FISCAL YEARS ENDED DECEMBER 31, 2023 and 2022
As of December 31, 2023, and 2022, our total assets were $68,818 and $102,510 respectively which comprised of prepaid expenses and long term assets.
As of December 31, 2023 and 2022, our total liabilities were $260,942 and $ 101,820 which comprised of related party advances, interest payable and accounts payable.
Cash Flows from Operating Activities
We have not generated positive cash flows from operating activities. For the fiscal year ended December 31, 2023 and 2022, net cash flows from operating activities were $(120,094) and $(43,881) respectively.
Cash Flows from Investing Activities
For the fiscal year ended December 31, 2023 and 2022, net cash flows from investing activities were $0 and $(5,000) respectively
Cash Flows from Financing Activities
We have financed our operations primarily from either advances or the issuance of equity and debt instruments. For the fiscal year ended December 31, 2023 and 2022, net cash flows from financing activities were $120,282 and $48,881 respectively.
PLAN OF OPERATION AND FUNDING
We expect that working capital requirements will continue to be funded through further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.
Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the advances from the related parties.
MATERIAL COMMITMENTS
As of the date of this Annual Report, we do not have any material commitments.
PURCHASE OF SIGNIFICANT EQUIPMENT
We do not intend to purchase any significant equipment during the next twelve months.
OFF-BALANCE SHEET ARRANGEMENTS
As of the date of this Annual Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.
GOING CONCERN
The independent auditors' report accompanying our December 31, 2023 and 2022 financial statements contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Item 7A. Quantitative and Qualitative Disclosures about Market Risk
Not applicable to smaller reporting companies.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Item 8. Financial Statements and Supplementary Data
CRONA CORP.
Page
Report of Independent Registered Public Accounting Firm (6993)
Report of Independent Registered Public Accounting Firm (3289)
Balance Sheets as of December 31, 2023 and 2022
Statements of Operations for the years ended December 31, 2023 and 2022
Statements of Stockholders’ Deficit for the years ended December 31, 2023 and 2022
Statements of Cash Flows for the years ended December 31, 2023 and 2022
Notes to the Financial Statements
Report of the Independent Registered Public Accounting Firm
To the shareholders and the board of directors of
Crona Corp.
Opinion on the Financial Statements
We have audited the accompanying balance sheets of Crona Corp f December 31, 2023, and the related statements of operations, changes in stockholders' equity, and cash flows for the year then 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, 2023, and the results of its operations and its cash flows for the year ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.
Going Concern
The accompanying financial statements have been prepared assuming the Company will continue as a going concern as disclosed in Note 2 to the financial statement, the Company incurred a net loss of $193,626 and an accumulated deficit of $230,427 as of December 31, 2023. The continuation of the Company as a going concern through December 31, 2023, is dependent upon improving the profitability and the continuing financial support from its stockholders and lenders. Management believes the existing shareholders or external fund providers will provide the additional cash to meet the Company’s obligations as they become due.
These factors raise substantial doubt about the Company ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of the 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 audit. 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 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 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. Communication of critical audit matters does not alter in any way our opinion on the financial statements taken as a whole and we are not, by communicating the critical audit matters, providing separate opinions on the critical audit matter or on the accounts or disclosures to which they relate.
Critical Audit Matter Description
Going Concern Uncertainty - See also Going Concern Uncertainty explanatory paragraph above
As described further in Note 2 to the financial statements, the Company has suffered recurring losses from operations and does not have an established source of revenues sufficient to cover its operating costs. The ability of the Company to continue as a going concern is dependent on executing its business plan and ultimately to attain profitable operations. Accordingly, the Company has determined that these factors raise substantial doubt as to the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements.
Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets.
However, the Company has not concluded that these plans alleviate the substantial doubt related to its ability to continue as a going concern.
We determined the Company’s ability to continue as a going concern is a critical audit matter due to the estimation and uncertainty regarding the Company’s available capital and the risk of bias in management’s judgments and assumptions in their determination. Our audit procedures related to the Company’s assertion on its ability to continue as a going concern included the following, among others:
·
We performed testing procedures such as analytical procedures to identify conditions and events that indicate that there could be substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time.
·
We reviewed and evaluated management's plans for dealing with adverse effects of these conditions and events.
·
We inquired of Company management and reviewed company records to assess whether there are additional factors that contribute to the uncertainties disclosed.
·
We assessed whether the Company’s determination that there is substantial doubt about its ability to continue as a going concern was adequately disclosed.
/S/ Boladale Lawal
Boladale Lawal & CO (PCAOB ID 6993)
We have served as the Company's auditor since 2024
Lagos, Nigeria
June 24, 2024
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and
Stockholders of Crona Corp.
Opinion on the Financial Statements
We have audited the accompanying balance sheets of Crona Corp. (the Company) as of December 31, 2022 and 2021, and the related statements of operations, stockholders’ deficit, and cash flows for each of the years in the two-year period ended December 31, 2022, and the related notes and schedules (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, 2022 and 2021, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2022, 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 discussed in Note 2 to the financial statements, the Company has suffered recurring losses from operations and negative operating cash flows since inception. These conditions raise 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 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 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 Company’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
The critical audit matters communicated below 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. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.
Accounting for Asset Acquisition
Effective December 29, 2022, the Company acquired assets of ZeroBlast Services, Ltd. We identified the application of acquisition method of accounting as a critical audit matter due to the complex accounting and reporting standards related to the transaction, and the estimates and assumptions used by management in determining the proper allocation of the consideration given to the assets acquired.
How the Critical Audit Matter Was Addressed in the Audit
Our audit procedures included the following, among others:
We obtained and reviewed the asset purchase agreement and other documents to evaluate the Company’s application of relevant accounting standards to the transaction.
We evaluated the reasonableness of the valuation model and methodologies used to arrive at the value applied to acquired assets.
We evaluated the accuracy and completeness of the Company’s presentation of the acquisition in the financial statements, including evaluating whether disclosures were in accordance with relevant accounting standards.
/s/ Accell Audit & Compliance, P.A.
We have served as the Company’s auditor since 2017.
PCAOB Firm ID#3289
Tampa, Florida
April 24, 2023
CRONA CORP.
BALANCE SHEETS
December 31,
December 31,
ASSETS
Current Assets
Prepaid expenses
$ 255
$ 2,510
Total Current Assets
2,510
Long-term Assets
Intangible asset, net
50,013
75,020
Property, plant and equipment, net
18,550
24,980
Total Long-term Assets
68,563
100,000
Total Assets
$ 68,818
$ 102,510
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
Liabilities
Current Liabilities
Accounts payable
$ 2,544
$ 99
Accrued expenses
2,000
1,500
Interest payable
21,258
-
Related party advances
4,503
Convertible notes payable, net of discount
130,637
-
Total Current Liabilities
160,942
1,820
Promissory note, related party
100,000
100,000
Total Long Term Liabilities
100,000
100,000
Total Liabilities
260,942
101,820
Commitments and contingencies (Note 6)
Stockholders’ (Deficit) Equity
Preferred stock, par value $0.00001 10,000,000 shares authorized, 5,000,000 shares issued and outstanding as of December 31, 2023 and December 31, 2022
-
Common stock, par value $0.001; 1,000,000,000 shares authorized, 6,587,500 shares and 6,087,500 shares issued and outstanding as of December 31, 2023 and December 31, 2022 respectively
6,588
6,088
Additional paid in capital
31,853
31,403
Accumulated other comprehensive loss
(188 )
-
Accumulated deficit
(230,427 )
(36,801 )
Total Stockholders’ (Deficit) Equity
(192,124 )
Total Liabilities and Stockholders’ (Deficit) Equity
$ 68,818
$ 102,510
See accompanying notes to audited financial statements.
CRONA CORP.
STATEMENTS OF OPERATIONS
For the year ended
For the year ended
December 31,
December 31,
REVENUES
$ -
$ -
OPERATING EXPENSES
Amortization on convertible promissory note
15,137
-
Professional fees
110,514
28,124
Depreciation and amortization expense
31,437
-
General and administrative expenses
15,280
4,846
TOTAL OPERATING EXPENSES
172,368
32,970
OTHER INCOME (EXPENSE)
Gain on forgiveness of debt
-
105,118
Impairment expense
-
(27,000 )
Interest expenses
(21,258 )
-
TOTAL OTHER INCOME (EXPENSE)
(21,258 )
78,118
NET GAIN / (LOSS) FROM OPERATIONS
(193,626 )
45,148
PROVISION FOR INCOME TAXES
-
-
NET GAIN/ (LOSS)
$ (193,626 )
$ 45,148
OTHER COMPREHENSIVE LOSS
Foreign Currency Translation Adjustment
(188 )
-
COMPREHENSIVE GAIN/ (LOSS)
(193,814 )
45,148
NET LOSS PER SHARE: BASIC AND DILUTED
$ (0.03 )
$ 0.01
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED
6,176,541
6,087,500
See accompanying notes to audited financial statements.
CRONA CORP.
STATEMENTS OF STOCKHOLDERS’ (DEFICIT) EQUITY
For the year ended December 31, 2022 and 2023
Preferred Series A
Common Stock
Additional
Paid-in
Accumulated
Other Comprehensive
Total Stockholders’
Shares
Amount
Shares
Amount
Capital
Deficit
Loss
(Deficit) Equity
Balance, December 31, 2021
-
$ -
6,087,500
$ 6,088
$ 31,403
$ (81,949 )
$ -
$ (44,458 )
Net Income
-
-
-
-
-
45,148
-
45,148
Balance, December 31, 2022
-
$ -
6,087,500
6,088
31,403
(36,801 )
-
Shares issued for services
5,000,000
-
-
-
-
Shares issued for settlement of debt
-
-
500,000
-
-
-
Foreign currency translation adjustment
-
-
-
-
-
-
(188 )
(188 )
Net loss
-
-
-
-
-
(193,626 )
-
(193,626 )
Balance, December 31, 2023
5,000,000
$ 50
6,587,500
$ 6,588
$ 31,853
$ (230,427 )
$ (188 )
$ (192,124 )
See accompanying notes to audited financial statements.
CRONA CORP.
STATEMENTS OF CASH FLOWS
For the year ended December 31,
For the year ended December 31,
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
$ (193,626 )
$ 45,148
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization of discount on promissory note
15,137
-
Depreciation and amortization expense
31,437
-
Gain on forgiveness of debt
-
(105,118 )
Impairment expenses
-
27,000
Share based compensation
-
Changes in operating assets and liabilities:
Prepaid expenses
2,255
(2,510 )
Accounts payable
2,445
(9,901 )
Accrued expenses
1,500
Interest payable
21,258
-
NET CASH USED IN OPERATING ACTIVITIES
(120,094 )
(43,881 )
CASH FLOWS FROM INVESTING ACTIVITIES
Purcahse of software
-
(5,000 )
NET CASH USED IN INVESTING ACTIVITIES
-
(5,000 )
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible promissory note
116,000
-
Proceeds from related party
7,825
48,881
Repayment to related party
(3,543 )
-
NET CASH FROM FINANCING ACTIVITIES
120,282
48,881
NET INCREASE (DECREASE) IN CASH
-
Effects of currency translation on cash
(188 )
-
Cash, beginning of period
-
-
Cash, end of period
$ -
$ -
SUPPLEMENTAL CASH FLOW INFORMATION:
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Share issued for conversion of promissory note
Assets acquired through promissory note
$ -
$ 100,000
See accompanying notes to audited financial statements.
Crona Corp.
NOTES TO THE FINANCIAL STATEMENTS
December 31, 2023
Note 1 - ORGANIZATION AND NATURE OF BUSINESS
Crona Corp. (“the Company”) was incorporated in the State of Nevada on October 6, 2016. On February 3, 2023 the Company filed Articles of Continuance with the Secretary of State in the State of Wyoming pursuant to which the Company re-domiciled from the State of Nevada to the State of Wyoming. Effective June 22, 2023, the Company’s new address is 304 South Jones Blvd. #7356, Las Vegas, Nevada 89107. We are in the memorialization industry, serving our customers in cemetery and funeral industries. We provide a range of high-quality memorial products including funeral caskets.
Note 2 - GOING CONCERN
The accompanying financial statements have been prepared in conformity with generally accepted accounting principles (“GAAP”), which contemplate the continuation of the Company as a going concern. The Company generated no revenues through December 31, 2023. The Company currently has accumulated losses of $230,427 as of December 31, 2023 and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
Note 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES
Basis of presentation
The accompanying financial statements have been prepared in accordance with GAAP. The Company’s year-end is December 31.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents
The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
Income Taxes
Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Revenue Recognition
The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. An entity must also disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative information about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract.
Basic Income (Loss) Per Share
The Company computes income (loss) per share in accordance with ASC 260 “Earnings per share”. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of December 31, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.
Property and Equipment
Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterment that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over the following estimated useful lives of the related assets.
Useful life
Minimum
Maximum
Equipment
10 Months
15 Years
Intangible assets
Intangible assets consist of contracts acquired in an asset purchase agreement (see Note 4). The estimated useful life of these assets was determined to be 3 years. The Company periodically evaluates the reasonableness of the useful lives of these assets. Once these assets are fully amortized, they are removed from the accounts. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. The Company has no intangibles with indefinite lives.
Impairment of Long-Lived Assets
The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of a long-lived asset, management evaluates whether the estimated future undiscounted net cash flows from the asset are less than its carrying amount. If impairment is indicated, the long-lived asset would be written down to fair value. Fair value is determined by an evaluation of available price information at which assets could be bought or sold, including quoted market prices, if available, or the present value of the estimated future cash flows based on reasonable and supportable assumptions.
Leases
The Company accounts for leases in accordance with Accounting Standards Update (“ASU”) No. 2016-02, “Leases”. Under this guidance, lessees (including lessees under leases classified as finance leases, which are to be classified based on criteria similar to that applicable to capital leases under current guidance, and leases classified as operating leases) will recognize a right-to-use asset and a lease liability on the balance sheet, initially measured as the present value of lease payments under the lease. The guidance permits companies to make an accounting policy election not to apply the recognition provisions of the guidance to short term leases (leases with a lease term of 12 months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise). If this election is made, lease payments under short term leases will be recognized on a straight-line basis over the lease term. The Company has elected not to apply the standard to short-term leases.
Recent Accounting Pronouncements
There have been no recent accounting pronouncements or changes in accounting pronouncements during the year ended December 31, 2023, that are of significance or potential significance to the Company.
Note 4 - ASSET AQUISITION
On December 29, 2022, the Company entered into an Asset Purchase Agreement with Zeroblast Services Ltd. (Seller), a related party, to acquire all business assets of the Seller, which included equipment and intangible assets. Seller will also convey any and all contracts that it has with its current customers, written, oral or otherwise (the intangible assets). Consideration for the asset acquisition is a cash payment of 100,000 ($24,980 for the equipment and $75,020 for the intangible asset).The payment shall be in the form of a Promissory Note due on or before December 29, 2024. This note bears interest at 7% per annum, however if the note is fully repaid within twelve (12) months interest is waived. At any time during the first twelve (12) months the note can be reopened for either an extension or renegotiation of the terms of the note.
As of December 31, 2023
Face value
Accrued Interest
Net payable
Promissory Note
$ 100,000
$ 7,058
$ 107,058
Total
$ 100,000
$ 7,058
$ 107,058
Note 5 - PROPERTY PLANT & EQUIPMENT
The Company’s Property plant and equipment as of December, 2023 and 2022 are as follows:
December 31,
December 31,
Property, plant and equipment, gross
$ 24,980
$ 24,980
Less: Depreciation
(6,430 )
-
Property, plant and equipment, net
18,550
24,980
Total depreciation expenses for the year ended December 31, 2023 and 2022 were $6,430 and $0, respectively.
Note 6 - INTANGIBLE ASSETS
The Company’s intangible assets as of December 31, 2023 and 2022 are as follows:
December 31,
December 31,
Intangible assets, gross
$ 75,020
$ 75,020
Less: Amortization
(25,007 )
-
Intangible assets, net
$ 50,013
$ 75,020
Total amortization expenses for the year ended December 30, 2023 and 2022, were $25,007 and $0, respectively.
Note 7 - CONVERTIBLE PROMISSORY NOTE
On February 09, 2023, the Company issued a convertible promissory note (the “February 2023 Note”) at a face value of $133,000 to a third party at an interest rate of 12% per annum. Net proceeds received against the promissory note is $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue with a conversion price of $0.10
As of December 31, 2023
Face value
Discount on Promissory Note
Net
payable
Accrued
Interest
Convertible Promissory Note
$ 133,000
$ (1,863 )
$ 130,637
$ 14,200
Less: Common Stock Issued
$ 500
Total
$ 132,500
$ (1,863 )
$ 130,637
$ 14,200
On October 27, 2023, 500,000 shares of common stock was issued at a rate of $0.001 to settle the promissory note value of $500.
Note 8 - RELATED PARTY TRANSACTIONS
On December 29, 2022, the Company entered into a promissory Note with a related party, Zeroblast Services Ltd. (Seller). The Promissory Note is entered into as an exchange for the all business assets of the Seller at $100,000. The sum of $100,000 is due on or before December 29, 2024. This note bears interest at 7% per annum. As of December 31, 2023 and 2022, interest payable totaled $21,200 and $0, respectively.
During the year 2022, president & CEO Chris Brown advanced to the Company $221 towards working capital. These advances are unsecured, non-interest bearing and due on demand.
During the three months ended March 31, 2023, president & CEO Chris Brown advanced to the Company $4,937 towards working capital. These advances are unsecured, non-interest bearing and due on demand.
During the three months ended March 31, 2023, the company, repaid $829 towards the loan of president & CEO Chris Brown.
During the three months ended March 31, 2023, director Lucille Zdunich, advanced to the Company $700 towards working capital. These advances are unsecured, non-interest bearing and due on demand.
On June 07, 2023, the company issued, 5,000,000 preferred stock class B at par value of $0.0001, to the director, Lucille Zdunich as fully paid and non-assessable for service provided.
During the three months ended June 30, 2023, president & CEO Chris Brown advanced to the Company $972 towards working capital. The company, repaid $2,381 towards the loan of president & CEO Chris Brown.
During the three months ended June 30, 2023, the company, repaid $2,381 towards the loan of president & CEO Chris Brown.
During the three months ended September 30, 2023, the company, repaid $303 towards the loan of president & CEO Chris Brown.
During the three months ended September 30, 2023, director Lucille Zdunich, advanced to the Company $333 towards working capital. These advances are unsecured, non-interest bearing and due on demand.
During the three months ended December 31, 2023, director Lucille Zdunich, advanced to the Company $853 towards working capital. These advances are unsecured, non-interest bearing and due on demand.
As of December 31, 2023, and 2022, due to related party is $4,503 and $221 respectively.
Note 9 - STOCKHOLDERS’ EQUITY
Common Shares
The Company has 1,000,000,000, $0.001 par value shares of common stock authorized.
As of December 31, 2023, the company’s common shares issued and outstanding is 5,000,000.
During the three months ended June 30, 2017, the company issued a total of 1,087,500 common shares for cash proceeds of $1080.
During the three months ended December 31, 2023, the company issued a total of 500,000 common shares for settlement of debt of $500.
As of December 31, 2023 and 2022, the company’s common shares issued and outstanding is 6,587,500 and 6,087,500 respectively.
Preferred Shares
The company has 10,000,000, $0.00001 par value of preferred stock authorized.
On June 07, 2023, the company issued, 5,000,000 preferred stock class B at a par value of $0.0001, to the director, Lucille Zdunich as fully paid and non-assessable for service provided.
As of December 31, 2023 and 2022, the company’s preferred shares issued and outstanding is 5,000,000 and 0 respectively.
Note 10 - COMMITMENTS AND CONTINGENCIES
In November 20, 2020, the Company has entered into a new rental agreement for a $371 monthly fee, starting on December 1, 2020, for a period of one year. In January 2022, the Company extended the lease agreement for a period of one year. The lease was terminated in July 2022. For the year ended December 31, 2023 and 2022 rent expense was $0 and $2,226, respectively, which is included within general and administrative expenses on the statements of operations.
From time-to-time, the Company is subject to various litigation and other claims in the normal course of business. The Company establishes liabilities in connection with legal actions that management deems to be probable and estimable. No amounts have been accrued in the financial statements with respect to any matters.
Note 11 - INCOME TAXES
The Company adheres to the provisions of uncertain tax positions as addressed in ASC 740 “Income Taxes” (“ASC 740”). As of December 31, 2023, the Company had net operating loss carry forwards of $230,427 that may be available to reduce future years’ taxable income in varying amounts through 2041. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.
The valuation allowance at December 31, 2023 was $48,390. The net change in valuation allowance for the year ended December 31, 2023 was $40,701. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized.
The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of December 31, 2023. All tax years since inception remain open for examination by taxing authorities.
The provision for Federal income tax consists of the following:
As of December 31, 2023
As of December 31, 2022
Non-current deferred tax assets:
Gross deferred tax assets
$ 48,390
$ 7,728
Valuation allowance
(48,390 )
(7,728 )
Net deferred tax assets
$ -
$ -
The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the years ended December 31, 2023 and 2022 as follows:
As of December 31, 2023
As of December 31, 2022
Computed “expected” tax expense (benefit)
$ 40,701
$ 9,481
Change in valuation allowance
(40,701 )
(9,481 )
Actual tax expense (benefit)
$ -
$ -
The related deferred tax benefit on the above unutilized tax losses has a full valuation allowance not recognized against it as there is no certainty of its realization. Management has evaluated tax positions in accordance with ASC 740 and has not identified any significant tax positions, other than those disclosed.
Note 12 - SUBSEQUENT EVENTS
In accordance with ASC 855-10, the Company has analyzed its operations subsequent to December 31, 2023, through the date when financial statements were issued, and has determined that it does not have material subsequent events to disclosure in these financial statements.

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure
None.

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ITEM 9A. CONTROLS AND PROCEDURES
Item 9A(T). Controls and Procedures
Management’s Report on Disclosure Controls and Procedures
Management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). The Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations, 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 because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Under the supervision and with the participation of management, including the Chief Executive Officer and Chief Financial Officer, the Company conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2023 using the criteria established in “Internal Control - Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO").
A material weakness is a deficiency, or combination of 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. In its assessment of the effectiveness of internal control over financial reporting as of December 31, 2023 the Company determined that there were control deficiencies that constituted material weaknesses, as described below.
1.
We did not maintain appropriate cash controls - As of December 31, 2023, the Company has not maintained sufficient internal controls over financial reporting for the cash process, including failure to segregate cash handling and accounting functions, and did not require dual signature on the Company’s bank accounts. Alternatively, the effects of poor cash controls were mitigated by the fact that the Company had limited transactions in their bank accounts.
2.
We did not implement appropriate information technology controls - As at December 31, 2023, the Company retains copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of the Company’s data or off-site storage of data in the event of theft, misplacement, or loss due to unmitigated factors.
Accordingly, the Company concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis by the company’s internal controls.
As a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of December 31, 2023 based on criteria established in Internal Control-Integrated Framework issued by COSO.
Changes in Internal Control over Financial Reporting
There has been no change in our internal control over financial reporting identified in connection with our evaluation we conducted of the effectiveness of our internal control over financial reporting as of December 31, 2023, that occurred during our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
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 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.
PART III

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ITEM 9B. OTHER INFORMATION

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ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Item 10. Directors, Executive Officers, Promoters and Control Persons of the Company
DIRECTORS AND EXECUTIVE OFFICERS
The name, address and position of our present officers and directors are set forth below:
Name and Address of Executive
Age
Position
Officer and/or Director
Demetrios Malamas
President, Chief Executive Officer, Secretary, Chief Financial Officer and Chief Accounting Officer
Lucille Zdunich
Director
On March 20, 2020, our board appointed initial Incorporator of the Company Andrei Gurduiala as a Director, President, Treasurer and Secretary of the Company. As of date these financial statements were issued, our board of directors is comprised of one person: Andrei Gurduiala.
On December 29, 2022, the Company received the resignation of Andrei Gurduiala as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary and Director. Also on December 29, 2022, the Company appointed Chris Brown as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.
On February 7, 2023, the Company increased the number of directors on its Board of Directors from 1 to 3. On February 7, 2023 the Company appointed Lucille Zdunich and Robert Brown as Directors of the Company.
On June 22, 2023, a shareholder holding majority voting power of the shares of the Company, by written consent, voted to elect Demetrios Malamas to the Company’s board of Directors.
On June 22, 2023, the Company received the resignation of Chris Brown as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary and Director and the resignation of Robert Brown as Director. The Company’s Board of Directors now has two members.
Also on June 22, 2023, the Company appointed Demetrios Malamas as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.
Biographical Information and Background of officer and director
Demetrios Malamas
Mr. Malamas has served as our President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director from October 6, 2016 to March 21, 2018 and from March 20, June 22, 2023.
Our President background mainly contains from following:
Demetrios Malamas has over 40 years of business experience managing a broad range of companies. He was the principal in Nuland Realty and founder of Pacific Aquaculture Ltd. before becoming immersed in Foreign Trade. He received his CFTP - Certified Foreign Trade Professional designation and began working with and in China for a variety of products and organizations over the years including Stadium Seating, Tempered and other Glass and Funeral Caskets. Mr. Malamas has been the CEO for ACE Funeral Products Ltd. since 1999 and has spent the majority of the last five years operating the business.
Lucille Zdunich
Lucille Zdunich has had a 30-year career in residential and commercial real estate sales. She is currently President of her private Real Estate Investment company La Luna Ventures Inc. which she founded in 2010 in British Columbia. She is also Founder and President of El Sol Ventures Inc. a private California company established in 2018 that currently focuses on commercial retail real estate. Lucille also brings expertise in marketing and management having founded Pinnacle Drilling Products in 2009, she also served as the organizations Executive Director of Marketing.
AUDIT COMMITTEE
We do not have an audit committee financial expert. We do not have an audit committee financial expert because we believe the cost related to retaining a financial expert at this time is prohibitive.
SIGNIFICANT EMPLOYEES
We have no employees other than our Treasurer and sole director, Andrei Gurduiala; he currently devotes approximately twenty hours per week to company matters. We intend to hire employees on an as needed basis.

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ITEM 11. EXECUTIVE COMPENSATION
Item 11. Executive Compensation
The following tables set forth certain information about compensation paid, earned or accrued for services by our President, and Secretary and all other executive officers (collectively, the “Named Executive Officers”) for the years ended December 31, 2023 and 2022.
SUMMARY COMPENSATION TABLE
Name and Principal Position
Year
Salary
(US$)
Bonus
(US$)
Stock Awards (US$)
Option Awards (US$)
Non-Equity Incentive
Plan Compensation
(US$)
Nonqualified Deferred Compensation Earnings
(US$)
All Other Compensation (US$)
Total
(US$)
Chris Brown
(Director)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Lucille Zdunich
(Director)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Robert Brown
(Director)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Demetrios Malamas
(Director)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
There are no current employment agreements between the company and its sole officer. The compensation discussed herein addresses all compensation awarded to, earned by, or paid to our named executive officer. There are no other stock option plans, retirement, pension, or profit-sharing plans for the benefit of our officers and directors other than as described herein.
CHANGE OF CONTROL
As of December 31, 2023, we had no pension plans or compensatory plans or other arrangements that provide compensation in the event of a termination of employment or a change in our control.

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
The following table provides certain information regarding the ownership of our common stock, as of December 31, 2023 and as of the date of the filing of this annual report by:
•
each of our executive officers;
•
each director;
•
each person known to us to own more than 5% of our outstanding common stock; and
•
all of our executive officers and directors and as a group.
Name and Address of
Amount and Nature of
Title of Class
Beneficial Owner
Beneficial Ownership
Percentage
Common Stock
LUCILLE ZDUNICH
5,000,000 shares of common stock (director)
43.15 %
Common Stock
ISOLATED CONSULTANTS INC.
5,000,000 shares of common stock
43.15 %
The percent of class is based on 6,587,500 shares of common stock issued and outstanding as of the date of this annual report.

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ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Item 13. Certain Relationships and Related Transactions
During the year ended December 31, 2023, we had not entered into any transactions with our sole officer or director, or persons nominated for these positions, beneficial owners of 5% or more of our common stock, or family members of these persons wherein the amount involved in the transaction or a series of similar transactions exceeded the lesser of $120,000 or 1% of the average of our total assets for the last three fiscal years.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
Item 14. Principal Accountant Fees and Services
During the year ended December 31, 2023, we incurred $13,000 in fees to our principal independent accountants for professional services rendered in connection with the audit of our financial statements.
During the year ended December 31, 2022, we incurred $10,500 in fees to our principal independent accountants for professional services rendered in connection with the audit of our financial statements.
PART IV

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ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
Item 15. Exhibits
The following exhibits are filed as part of this Annual Report.
Exhibits:
31.1
Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act
32.1
Certification of Chief Executive Officer and Chief Financial Officer Under Section 1350 as Adopted Pursuant Section 906 of the Sarbanes-Oxley Act
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
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)