10-K

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 December 31, 2020

☐     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: 000-29935

CROWN EQUITY HOLDINGS INC.

Nevada	33-0677140
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification Number)

11226 Pentland Downs Street, Las Vegas, NV 89141

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (702) 683-8946

Securities registered pursuant to Section 12(b) of the Act: None.

Name of each exchange on which registered: None.

Securities registered pursuant to Section 12(g) of the Act: Common Stock

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

Indicate by checkmark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every interactive Data File required to be submitted and posted 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 and post such files.) Yes ☒     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.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	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 ☒     No ☐

The aggregate number of shares of the voting stock held by non-affiliates on December 31, 2020 was 2,253,900. The aggregate market value of the common stock held by non-affiliates of the registrant was approximately $2,253,900. 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 16, 2021, was 12,914,543.

DOCUMENTS INCORPORATED BY REFERENCE: None.

TABLE OF CONTENTS

PART I
DISCLOSURE REGARDING FORWARD LOOKING STATEMENT		3
ITEM 1	Business	4
ITEM 1A	Risk Factors	5
ITEM 1B	Unresolved Staff Comments	5
ITEM 2	Properties	5
ITEM 3	Legal Proceedings	5
ITEM 4	Mine Safety Disclosures	5
PART II
ITEM 5	Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuers Purchase of Equity Securities	6
ITEM 6	Selected Financial Data	6
ITEM 7	Management’s Discussion and Analysis of Financial Condition and Results of Operations	6
ITEM 8	Financial Statements and Supplementary Data	9
ITEM 9	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	33
ITEM 9A	Controls and Procedures	33
ITEM 9B	Other Information	34
PART III
ITEM 10	Directors and Executive Officers, and Corporate Governance	35
ITEM 11	Executive Compensation	36
ITEM 12	Security Ownership of Certain Beneficial Owners and Management and Related Stock Matters	38
ITEM 13	Certain Relationships and Related Transactions	39
ITEM 14	Principal Accounting Fees and Services	40
PART IV
ITEM 15	Exhibits	41
SIGNATURES		42

2

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.

3

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, CRWE Direct Inc. was formed to provide direct sales to customers.

In December 2011, the Company formed a wholly owned subsidiary CRWE Real Estate Inc. to hold real estate. This entity had no sales during the year. The company sold the above subsidiaries (Crown Tele Services Inc., CRWE Direct, and CRWE Real Estate Inc.) on the 28^th 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, 2020, the Company utilized the services of independent contractors during the year. Officers compensation is detailed in Part III, Item 11 of this filing.

4

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 2: Properties

The Company is provided office space 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.

5

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 Electronic Bulletin Board in the United States, having the trading symbol "CRWE" and CUSIP #22834M107. The Company's stock is traded on the OTC Electronic Bulletin Board. As of December 31, 2020, the Company had 12,901,853 shares of its common stock issued and outstanding of which 10,647,853 were held by affiliates.

The following table reflects the high and low quarterly bid prices for the fiscal years ended December 31, 2020 and 2019.

Period	High		Low
1st Qtr. 2020		1.25		0.75
2nd Qtr. 2020		1.25		0.54
3rd. Qtr. 2020		5.25		1.00
4th Qtr. 2020		4.50		1.00
1st Qtr. 2019		2.10		2.06
2nd Qtr. 2019		2.10		2.10
3rd. Qtr. 2019		2.10		1.92
4th Qtr. 2019		1.55		1.55

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

As of December 31, 2020, the Company estimates there are approximately 110 "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 20,000,000 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 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, 2020 and 2019 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.

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.

6

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 the consulting and services to its client 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 service is 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 transaction does not reflect the ability of the Company to fund itself without outside sources in the future. Further, there exist no agreements or understandings with regard to loan agreements by or with the Officers, Directors, principals, affiliates or shareholders of the Company. In the past, officers and directors of the Company have lent or advanced monies to the Company to fund operations, there are no formal agreements or arrangements for them to continue to do so. As of December 31, 2020, the Company has $3,047 in cash, $180,587 held in brokerage accounts and $15,045 of long-term debt.

At December 31, 2020, the Company had negative working capital of $444,256 which consisted of current assets of $183,634 and current liabilities of $627,890. The current liabilities of the Company at December 31, 2020 are composed of accounts payable and accrued expenses of $137,793, accounts payable and accrued expenses and notes payable to related party of $444,246 and $5,508, respectively, deferred revenue from related party $11,333, current portion of long term debt of $29,010.

Cash flows used in operating activities during the year ended December 31, 2020 was $72,957 compared to cash flow used of $67,675 for the same period in 2019.

Cash flows used in investing activities were $174,597 and $0 for the years ended December 31, 2020 and 2019.

Cash flows provided by financing activities was $249,604 for the year ended December 31, 2020 compared to $55,378 for the same period in 2019. The financing activities in 2020 consisted mostly of proceeds from sale of stock.

As of December 31, 2020, the Company had total assets of $199,139 and total liabilities of $642,935. Stockholders' deficit as of December 31, 2020 was $443,796 compared to a deficit of $318,425 at December 31, 2019. 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.

RESULTS OF OPERATIONS - Comparison of the Year Ended December 31, 2020 to the Year Ended December 31, 2019

REVENUES

Sales for the year ended December 31, 2020 were $7,948 compared to $53,793 for the year ended December 31, 2019, a decrease of $45,845. Of the $7,948 revenue in 2020, $5,100 was from related parties.

7

OPERATING EXPENSES

During the year ended December 31, 2020, we incurred $639,820 in operating expenses, compared to $147,363 in the same period ended December 31, 2019, an increase of $492,547 mainly due to increase in administrative contract expenses.

OTHER INCOME AND EXPENSES

During the year ended December 31, 2020, we incurred other expenses of $542,796, consisting of interest expense of $7,461, amortization of the beneficial conversion feature of our convertible notes of $8,370, investment expense of $17,000 and loss on settlement of accounts payable of $543,987. In the year ended December 31, 2019 we had other expenses of $59,456, consisting of interest expense of $21,885 and amortization of the beneficial conversion feature of our convertible notes of $38,920 and gain on extinguishment of debt of $1,349.

During the year ended December 31, 2020, we had other income of $34,022 from gains realized on stocks held.

NET LOSS

The Company had a net loss for the year ended December 31, 2020 of $1,174,015 compared to a net loss of $153,026 for the year ended December 31, 2019, an increase of $1,020,989 mainly due to increase in administrative contract expenses and loss on settlement of accounts payable for services.

8

Item 8: Financial Statements and Supplementary Data

INDEX TO FINANCIAL STATEMENTS

	PAGE
Report of Independent Registered Public Accounting Firm	10
Balance Sheets as of December 31, 2020 and 2019	12
Statements of Operations for the Years Ended December 31, 2020 and 2019	13
Statements of Changes in Stockholders' Deficit for the Years Ended December 31, 2020 and 2019	14
Statements of Cash Flows for the Years Ended December 31, 2020 and 2019	15
Notes to the Financial Statements	16-32

9

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 sheets of Crown Equity Holdings, Inc. (the Company) as of December 31, 2020 and 2019 and the related statements of operations, stockholders’ deficit, and cash flows for each of the years in the two-year period ended December 31, 2020, 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, 2020 and 2019, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2020, in conformity with accounting principles generally accepted in the United States of America.

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.

Going Concern

The accompanying financial states have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company suffered a net loss from operations and has a net capital deficiency, which raises substantial doubt about its ability to continue as a going concern. Management’s plans regarding those matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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.

10

Going concern

Critical Audit Matter Description

As discussed in Note 2 to the financial statements, the Company had a going concern due to a working capital deficiency, negative cash flows from operations and limited business operations as of December 31, 2020. Auditing management’s evaluation of a going concern can be a significant judgment given the fact that the Company uses management estimates on future revenues and expenses which are not able to be substantiated.

How the Critical Audit Matter was Addressed in the Audit

To evaluate the appropriateness of the going concern, we examined and evaluated the financial information that was the initial cause along with management’s plans to mitigate the going concern and management’s disclosure on going concern.

Stock-based Compensation

Critical Audit Matter Description

As discussed in Note 1 to the financial statements, the company issues stock-based compensation in accordance with ASC 718, Compensation. Auditing management’s calculation of the fair value of stock-based compensation can be a significant judgment given the fact that the Company uses management’s estimates on various inputs to the calculation.

How the Critical Audit Matter was Addressed in the Audit

To evaluate the appropriateness of the fair value determined by management, we examined and evaluated the inputs management used in calculating the fair value of the stock-based compensation.

/s/ M&K CPAS, PLLC

We have served as the Company’s auditor since 2018.

Houston, Texas

March 16, 2021

11

CROWN EQUITY HOLDINGS, INC.

BALANCE SHEETS

	December 31,
	2020			2019
Assets
Current assets
Cash	$	3,047		$	997
Brokerage Account		180,587			-
Total Current Assets		183,634			997
Property and Equipment, net		15,505			28,882
Total Assets	$	199,139		$	29,879
Liabilities and Stockholders' Deficit
Current liabilities
Accounts payable and accrued expenses	$	137,793		$	210,223
Accounts payable and accrued expenses to related party		444,246			80,664
Deferred revenue related party		11,333			-
Convertible notes payable to related parties, net of debt discount		5,508			760
Current portion of long-term debt		29,010			30,681
Total Current Liabilities		627,890			322,328
Non-Current liabilities
Long-term debt		15,045			25,976
Total Liabilities		642,935			348,304
Stockholders' deficit
Preferred Stock, 20,000,000 shares authorized, authorized at $.001 par value, none issued or outstanding		-			-
Series A Convertible Preferred Stock, $0.001 par value, 1,000 shares authorized, 1,000 issued and outstanding at December 31, 2020 and 2019		1			1
Common Stock, 450,000,000 authorized at $0.001 par value; and 12,901,753 and 11,766,766 shares issued and outstanding at December 31, 2020 and 2019		12,902			11,766
Stock Payable		3,000			43,764
Additional paid-in capital		12,506,375			11,418,103
Accumulated deficit		(12,966,074	)		(11,792,059	)
Total stockholders' deficit		(443,796	)		(318,425	)
Total liabilities and stockholders' deficit	$	199,139		$	29,879

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

12

CROWN EQUITY HOLDINGS, INC.

STATEMENTS OF OPERATIONS

	For the Years Ended
	December 31,
	2020			2019
Revenues
Revenues	$	2,848		$	3,793
Revenues – Related Party		5,100			50,000
Total Revenues		7,948			53,793
Operating expenses
General and administrative expense		614,489			115,695
Depreciation		25,331			31,668
Total Operating Expenses		639,820			147,363
(Loss) from operations		(631,872	)		(93,570	)
Other income (expense)
Interest expense		(7,461	)		(21,885	)
Gain on extinguishment of debt		-			1,349
Gain on stock held		34,022			-
Loss on AP Settlement/Shares for services		(543,987	)		-
Investment expense		(17,000	)		-
Debt discount amortization		(8,370	)		(38,920	)
Total Other Expense		(542,796	)		(59,456	)
Net (loss)	$	(1,174,015	)	$	(153,026	)
Basic and Diluted income (loss) per share
Basic and diluted income per share	$	(0.09	)	$	(0.01	)
Weighted average number of shares outstanding basic and diluted		12,428,674			11,936,422

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

13

CROWN EQUITY HOLDINGS, INC.

STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019

	Preferred Stock				Common Stock						Common Stock			Additional Paid-In		Accumulated			Total Stockholders'
	Shares		Amount		Shares			Amount			Payable			Capital		Deficit			(Deficit)
Balances at December 31, 2018		1,000	$	1		11,823,389		$	11,823			18,756		$	11,279,211	$	(11,639,033	)	$	(329,242	)
Common stock issued for services		-		-		-			-			-			7,698		-			7,698
Common stock issued for cash		-		-		130,000			130			-			64,870		-			65,000
Common Stock Subscribed for services		-		-		-			-			25,008			-		-			25,008
Common stock issued for settlement of debt		-		-		17,062			17			-			8,514		-			8,531
Common stock issued for settlement of debt – Related Parties		-		-		96,315			96			-			40,228		-			48,324
Forgiveness of interest from CEO		-		-		-			-			-			9,282		-			9,282
Shares for services returned		-		-		(300,000	)		(300	)		-			300		-
Net loss		-		-		-			-						-		(153,026	)		(153,026	)
Balances at December 31, 2019		1,000	$	1		11,766,766		$	11,766		$	43,764		$	11,418,103	$	(11,792,059	)	$	(318,425	)
Common stock issued for services		-		-		4,834			4			-			5,995		-			5,999
Common stock issued for services – Related Parties		-		-		156,061			156			(43,764	)		62,365		-			18,757
Common stock issued for cash		-		-		475,000			475						246,025		-			246,500
Common Stock Subscribed for services		-		-		-			-			3000			-		-			3000
Common Stock Subscribed for Salary Settlement		-		-		160,000			160			-			79,840		-			80,000
Common stock issued for settlement of AP – Related Parties		-		-		204,933			205			-			63,819		-			64,024
Common stock issued for settlement of AP		-		-		74,000			74			-			36,926		-			37,000
Warrant Subscriptions		-		-		-			-			-			510		-			510
Loss on AP Settlement		-		-		-			-			-			117,000		-			117,000
Loss on AP Settlement – Related Parties		-		-		-			-			-			426,987		-			426,987
Forgiveness of AP by CEO		-		-		-			-			-			7,200		-			7,200
Debt Conversion – Related Parties		-		-		36,984			37			-			18,455		-			18,492
Prepaid Interest – Related Parties		-		-		23,175			25			-			23,150		-			23,175
Net Loss		-		-		-			-			-			-		(1,174,015	)		(1,174,015	)
Balances at December 31, 2020		1,000	$	1		12,901,753		$	12,902		$	3,000		$	12,506,375	$	(12,966,074	)	$	(443,796	)

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

14

CROWN EQUITY HOLDINGS, INC.

STATEMENTS OF CASH FLOWS

	For the Years Ended
	December 31,
	2020			2019
Cash flows from operating activities
Net (loss)	$	(1,174,015	)	$	(153,026	)
Adjustments to reconcile net loss to net cash used in operating activities:
Common stock issued for services		24,756			32,706
Common stock issued for Settlement of Board Member Compensation		80,000			-
Depreciation		25,331			31,668
Loss (gain) on brokerage account		(34,022	)		-
Loss on investment		17,000			-
Loss on AP settlement		543,987			-
Amortization of beneficial conversion feature		8,370			38,920
Gain on conversions		-			(1,349	)
Changes in operating assets and liabilities
Cash transfer		23,435			-
Deferred revenue – related party		(5,667	)		(50,000	)
Accounts payable and accrued expenses – related party		363,585			28,961
Accounts payable and accrued expenses		54,283			4,445
Net cash (used in) operating activities		(72,957	)		(67,675	)
Cash flows from investing activities
Cash paid for purchase of fixed assets		(4,597	)		-
Cash paid to brokerage account		(170,000	)		-
Net cash (used in) investing activities		(174,597	)		-
Cash flows from financing activities
Payments on convertible notes payable, related party		(14,122	)		(3,011	)
Borrowings from convertible notes payable, related party		33,675			-
Proceeds from Sale of Stock		246,500			65,000
Proceeds from EIDL loan		4,000			-
Principal payments on debt		(23,959	)		(6,611	)
Warrant Subscriptions		510			-
Shares subscribed for cash		3,000			-
Net cash provided by financing activities		249,604			55,378
Net increase (decrease) in cash		2,050			(12,297	)
Cash, beginning of period		997			13,294
Cash, end of period	$	3,047		$	997
SUPPLEMENTAL DISCLOSURE:
Interest paid	$	-		$	-
Income taxes paid		-			-
NONCASH INVESTING AND FINANCING ACTIVITIES:
Forgiveness of AP by CEO		7,200			-
Forgiveness of Interest – Related Party		-			9,282
Purchase of fixed assets through finance lease		7,357			9,985
Debt converted to common stock		18,492			8,531
Convertible debt for payment of AP		17,633			-
RP-AP Converted into common stock – Third Party		64,024			48,154
AP Converted into common stock – Third Party	$	37,000			-
Shares issued for stock payable	$	43,764			-
Stock for related party deferred revenue	$	17,000			-
Stock issued for prepayment of interest on debt – related party	$	23,175			-

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

15

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.

In 2010, the Company formed two subsidiaries Crown Tele Services, Inc. and CRWE Direct, Inc. Crown Tele Services Inc. will provide voice over IP messaging at a competitive price to other competitors and CRWE Direct will provide its client with direct sales of products. This entity was divested at the end of 2017.

In 2011, the Company formed a wholly owned subsidiary CRWE Real Estate Inc. CRWE Real Estate Inc. will hold real estate. CRWE Real Estate Inc., Crown Tele Services, Inc. and CRWE Direct, Inc. were sold in December of 2016 for aggregate consideration of $100, resulting in a gain of $5,967.

In 2016, the company sale of the subsidiaries is not considered to be a strategic shift since there were minimal activities during the year in the subsidiaries.

Assets	-
Intercompany	-
Total Assets sold	-
Cash	100
Payable assumed by buyer	5,867
Total Consideration	5,967
Gain on sale of subsidiaries	5,967

On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com since company had not received the shares promised during the original sale.

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 the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the “SEC”). 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.

16

Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation.

Adoption of New Accounting Standard

In February 2016, the FASB issued ASU 2016-02 “Leases”, which is codified in ASC 842 “Leases” and supersedes current lease guidance in ASC 840. These provisions require lessees to put a right-of-use asset and lease liability on their balance sheet for operating and financing leases that have a term of more than one year. Expense will be recognized in the income statement similar to current accounting guidance. For lessors, the ASU modifies the classification criteria and the accounting for sales-type and direct financing leases. Entities will need to disclose qualitative and quantitative information about their leases, including characteristics and amounts recognized in the financial statements. These provisions are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We adopted the provisions on January 1, 2019, including interim periods subsequent to the date of adoption. Entities are required to use a modified retrospective approach upon adoption to recognize and measure leases at the beginning of the earliest comparative period presented in the financial statements. Since all the leases were finance leases, there was no effect on the financial statements when ASC 842 was adopted.

In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements.

Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows.

Accounting Standards Not Yet Adopted

In June 2016, the FASB issued ASU 2016-3, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instructions (ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. ASU 2016-3 is effective for us in our first quarter of fiscal 2023, and earlier adoption is permitted. We are currently evaluating the impact of our pending adoption of ASU 2016-13 on our financial statements.

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.

17

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.

Revenue Recognition

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

1.	Identify the contract with the customer
	Contract 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 Company’s advertising platform. 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.

18

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, 2020								December 31, 2019
	Third Party		Related Party		Total		Third Party		Related Party		Total
IT Services on Company Server	$	-	$	-	$	-	$	-	$	-	$	-
Advertising	$	-	$	5,100	$	5,100	$	-	$	-	$	-
Click Based and Impressions Ads	$	456	$	-	$	456	$	2,743	$	50,000	$	52,743
Domain Registrations	$	-	$	-	$	-	$	10	$	-	$	10
Publishing and Distribution	$	2,392	$	-	$	2,392	$	1,040		-		1,040
	$	2,848	$	5,100	$	7,948	$	3,793	$	50,000	$	53,793

Revenue is based on providing through the Company’s server services, Managed Information Technology, 24/7 support, which includes designing, developing, testing, maintaining functionality, infrastructure monitoring, managing and hosting, combined with revenue received from the display of click based and impressions ads located on the Company’s websites, domain name registration, publishing and distribution of news and press releases.

	December 31,		December 31,
	2020		2019
Deferred Revenue	$	11,333	$	-

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, 2020 and 2019.

Risk Concentrations

As of December 31, 2020, 64% of the Company’s revenues were received through advertisements, which 100% of the advertisement revenue was received through a related party. The remaining 36% of the remaining total revenues were from third parties for the displaying of click based and impressions ads located on the company’s websites, as well as for press releases and article publishing and distribution by the Company

In 2019, 98% of the Company’s revenues were received through advertisements, which 95% of the advertisement revenue was received through a related party. The remaining 2% of the remaining total revenues were from third parties for the displaying of click based and impressions ads located on the company’s websites, as well as for press releases and article publishing and distribution by the Company.

General and Administrative Expenses

Crown Equity's general and administrative expenses consisted of the following types of expenses during 2020 and 2019: Compensation expense, payroll expense, rent, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation and other administrative related expenses.

19

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.

Impairment of Long-Lived Assets

The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2020 or 2019.

Basic and Diluted Net (Loss) per Share

	December 31,
	2020			2019
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(1,174,015	)	$	(153,026	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(1,174,015	)	$	(153,026	)
Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		12,428,674			11,936,422
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.09	)	$	(0.01	)
Diluted	$	(0.09	)	$	(0.01	)

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, 2020 and 2019. The number of potential anti-dilutive shares excluded from the calculation shares for the year ended December 31, 2020 is 20,400,000.

Income Taxes

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, 2020 and 2019.

Fair Value of Financial Instruments

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.

20

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 30, 2020	Total		Level 1		Level 2		Level 3
Cash	$	3,047	$	3,047	$	-	$	-
Brokerage Accounts		180,587		180,587		-		-
Total	$	183,634	$	183,634	$	-	$	-

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.

Research and Development

The Company spent no money for research and development cost for the years ended December 31, 2020 and 2019.

Advertising Cost

The Company spent no money for advertisement for the years ended December 31, 2020 and 2019.

Depreciation expense was $25,331 and $31,668 for the years ended December 31, 2020 and 2019, respectively.

NOTE 2 – GOING CONCERN

As shown in the accompanying financial statements, Crown Equity an accumulated deficit of $12,966,074 since its inception and had a working capital deficit of $444,256 negative cash flows from operations and limited business operations as of December 31, 2020. 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

21

NOTE 3 – PROPERTY AND EQUIPMENT

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

Property consists of the following at December 31, 2020 and 2019:

	December 31, 2020			December 31, 2019
Computers – 3 year estimated useful life	$	108,622		$	96,669
Less – Accumulated Depreciation		(93,117	)		(67,787	)
Property and Equipment, net	$	15,505		$	28,882

Depreciation has been provided over each asset’s estimated useful life. Depreciation expense was $25,331, and $31,668 for the twelve months ended December 31, 2020 and 2019, respectively.

NOTE 4 – BROKERAGE ACCOUNT

As of December 31, 2020, the market value of the Company’s account portfolio, consisting of stocks only, was $180,587. The Company transferred $170,000 cash from accounts to brokerage account during the 3^rd quarter of 2020 and realized a net gain of $34,022 on investments and $17,000 in investment expense. The Company invested in various industries within the Nasdaq and New York stock exchange.

NOTE 5 – CAPITAL LEASES

During the period ending December 31, 2020, the Company paid an aggregate of $23,959 toward capital lease balances. During 2020 and 2019, the Company borrowed an aggregate $7,357 and $9,985 under the following third-party finance lease transactions:

A $9,985 note from a third party for the lease of fixed assets, bearing interest at 22%, amortized over 24 months with a payments of $498 in additional to a $22 management fee for a total monthly payment of $520. The lease has a bargain purchase option of $1 at the end of the lease term.

A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.60%, amortized over 36 months with payments of $219.

A $1,188 note from a third party for the purchase of fixed assets, bearing interest at 16.60%, amortized over 36 months with payments of $42.

The following is a schedule of the net book value of the finance lease.

Assets	December 31, 2020
Leased equipment under finance lease,	$	108,622
less accumulated amortization		(93,117	)
Net	$	15,505

Liabilities	December 31, 2020
Obligations under finance lease (current)	$	29,010
Obligations under finance lease (noncurrent)		11,045
Total	$	40,055

22

Below is a reconciliation of leases to the financial statements.

	Finance Leases
Leased asset balance	$	40,055
Liability balance	$	40,055
Cash flow (operating)	$	-
Cash flow (financing)	$	-
Interest expense	$	7,461

The following is a schedule, by years, of future minimum lease payments required under finance leases.

Years ended December 31	Finance Leases
2021		26,344
2022		14,990
2023		2,916
Thereafter		-
Total		44,250
Less: Imputed Interest		(4,195	)
Total Liability		40,055

Other information related to leases is as follows:

Lease Type	Weighted Average Remaining Term	Weighted Average Discount Rate (1)
Finance Leases	2.04 years		17	%

Based on average interest rate of 1%, average term remaining (months) 24.5 Average term remain (years) 2.04

(1) This discount rate is consistent with our borrowing rates from various lenders.

23

NOTE 6 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

As of December 31, 2020 and 2019, the Company had unamortized discount of $0 and $0 respectively.

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 $14,805, as of December 31, 2020.

	Original	Due	Interest			Conversion		Dec 31,
Name	Note Date	Date	Rate			Rate		2020
Related Party Convertible Notes Payable:
Mike Zaman	01/19/2018	01/19/2019		12	%	$	0.50		-
Montse Zaman	03/25/2020	03/25/2021		12	%	$	-		1,000
Montse Zaman	04/28/2020	04/28/2021		12	%	$	-		-
Montse Zaman	05/22/2020	05/22/2021		12	%	$	-		-
Willy A Saint-Hilaire	09/29/2020	09/29/2021					-		19,913
Total Convertible Related Party Notes Payable									20,913
Less: Debt Discount									14,805
Convertible Notes Payable, net of Discount - Related Party									5,508
Third Party Convertible Notes Payable:
Willy A. Saint-Hilaire	02/27/2020	02/27/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/08/2020	03/08/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/24/2020	03/24/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/24/2020	03/24/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/24/2020	03/24/2021		12	%	$	-		-
Total Convertible Third Party Notes Payable									-
Less: Debt Discount									-
Convertible Notes Payable, net of Discount - Third Party									-
Third Party Non-Convertible Notes Payable:
Small Business Administration – EIDL	04/30/2020	04/30/2050		3.75	%	$	-		4,000
Total Third Party Non-Convertible Notes Payable									4,000

In April 2020, Crown Equity Holdings executed the standard loan documents required for securing a loan (the “EIDL Loan”) from the SBA under its Economic Injury Disaster Loan (“EIDL”) assistance program in light of the impact of the COVID-19 pandemic on the Company’s business.

The balance of principal and interest is payable thirty years from the date of the SBA Note. In connection therewith, the Company received a $4,000 advance.

Mike Zaman

As of December 31, 2019, the Company owed Mike Zaman a total of $760 and remaining accrued interest of $3,503. The balance of $760 was paid on January 13, 2020 and the remaining accrued interest of $3,503 were not converted as of December 30, 2020.

Montse Zaman

On March 27, 2020, the Company entered into a convertible promissory note with Montse Zaman in the amount of $5,000. The note carries interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares. The company made principal reduction payments of $1,000 and $3,000 on August 21, 2020 and October 9, 2020 respectively. As of December 31, 2020, the balance on this note was $1,000.

On April 28, 2020, the Company entered into a convertible promissory note with Montse Zaman in the amount of $4,000. The note carries interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares. The company made principal reduction payments of $2,000 and $2,000 on September 10, 2020 and November 12, 2020 respectively. As of December 31, 2020, the balance on this note was $0.

On May 22, 2020, the Company entered into a convertible promissory note with Montse Zaman in the amount of $1,500. The note carries interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares. The Company made payments of $700 and $800 on May 22, 2020 and July 31, 2020 respectively. As of December 31, 2020, the balance on this note was $0.

24

Willy Ariel Saint-Hilaire

On February 27, 2020, the Company entered into a promissory note with Willy Ariel Saint-Hilaire in the amount of $14,500. The note carries interest at 12% per annum. On July 31, 2020, the principal balance of $14,500 and accrued interest of $744 for a total of $15,244 were converted into 30,488 common shares at a conversion rate of $.50 per share.

On March 8, 2020, the Company entered into a promissory note with Willy Ariel Saint--Hilaire in the amounts of $1,581. The notes carry interest at 12% per annum. On July 31, 2020, the principal balance of $1,581 and accrued interest of $75 for a total of 1,656 were converted into 3,312 common shares at a conversion rate of $.50 per share.

On March 24, 2020, the Company entered into promissory notes with Willy Ariel Saint-Hilaire in the amounts of $500, $400, and $652. The notes carry interest at 12% per annum. On July 31, 2020, the principal balance of $500, $400, $652 and accrued interest of $21, $17, $2 respectively for a total of $1,592 were converted into 3,184 common shares at a conversion rate of $.50 per share.

On September 20, 2020, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $23,175 payable in 12 equal monthly installments of $1,931.25. As original issuance discount for the note, the Company issued Common Stock for a total of 23,175 shares. The fair market value of the shares were in excess of the note and the company recorded a debt discount of $23,175. Two monthly payments, for a total of $3,862 were paid during the fiscal year. As of December 31, 2020, the balance on this note was $19,313.

NOTE 7 – COMMITMENTS AND CONTINGENCIES

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

The Company agreed to pay the automobile lease of $395 a month, on a month to month basis and can be cancelled at any time but expects to continue lease payments for the full 2020 year.

The Company entered into an agreement, effective January 1, 2020, to pay Arnulfo Saucedo-Bardan $5,000 per month for website development, design maintenance and other IT services and solutions.

On February 13, 2020, Munti Consulting LLC was issued a warrant at a price of $0.000025 per share ($25 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. Exercisable after the first (1st) anniversary of the date of filing of the first Form S-1 filed with the U.S. Securities and Exchange Commission after the issuance of this Warrant.

On March 13, 2020, BBCKQK Trust Kevin Wiltz was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On March 13, 2020, Willy Ariel Saint--Hilaire was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On April 1, 2020, Addicted 2 Marketing LLC was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On April 28, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 4, 2020, Arnulfo Saucedo- Bardan was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 7, 2020, Arnold F. Sock was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 7, 2020 Rudy Chacon was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 7, 2020, Sadegh Salmassi was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020, Glen J. Rineer was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

25

On May 8, 2020 Barry Cohen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020, Malcolm Ziman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Brett Matus was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Brian D. Colvin was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Jacob Colvin was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 11, 2020, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 13, 2020 Steven A. Fishman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 13, 2020 Wendell and Sharon Piper was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 19, 2020 Joan R. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On May 19, 2020 Marvin A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On May 20, 2020 Willy Rafael Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 27, 2020 James Bobrik was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 28, 2020 Richard R Shehane was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 29, 2020 Ybelka Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On June 3, 2020, Jeffery Connell was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On June 8, 2020 Hassan M. Oji was issued a warrant at a price of $0.000025 per share ($7.50 total) to purchase 300,000 shares of common stock at the exercise price of $0.60 per share.

On June 9, 2020, Kim Smith was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On June 12, 2020 Violet Gewerter was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On June 16, 2020, Roy S Worbets was issued a warrant at a price of $0.000025 per share ($5.00) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On June 19, 2020, Elvis E. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

26

On June 30, 2020, Chris Knudsen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On July 1, 2020, Theresa Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On July 1, 2020, Donald Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On July 10, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On August 13, 2020, Monireh Sepahpour was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On August 18, 2020, Monica Shayestehpour was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On September 2, 2020, Hongsing Phou was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On September 8, 2020, Pejham Khial was issued a warrant at a price of $0.000025 per share $12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On September 15, 2020, Salvatore Marasa was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On September 21, 2020, Richard W LeAndro was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On September 21, 2020, Richard W LeAndro Jr was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On September 25, 2020, Seyed M. Javad was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On October 6, 2020, Nasrin Montazer was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.50 per share.

On October 13, 2020, Jagjit Dhaliwal was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.50 per share.

27

Summary of Warrants Issued:

Issue Date	Issued To	Shares		Exercise price per share		Warrant price per share		Total Paid for Warrants
02/13/2020	Munti Consulting LLC		1,000,000	$	.060	$	0.000025	$	25.00
03/13/2020	BBCKQK Trust Kevin Wiltz		1,000,000	$	0.60	$	0.000025	$	25.00
04/01/2020	Addicted 2 Marketing LLC		100,000	$	0.60	$	0.000025	$	2.50
05/07/2020	Arnold F Sock		500,000	$	0.60	$	0.000025	$	12.50
05/07/2020	Rudy Chacon		200,000	$	0.60	$	0.000025	$	5.00
05/07/2020	Sadegh Salmassi		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Glen J Rineer		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Barry Cohen		200,000	$	0.60	$	0.000025	$	5.00
05/13/2020	Steven A Fishman		200,000	$	0.60	$	0.000025	$	5.00
05/13/2020	Wendell & Sharon Piper		200,000	$	0.60	$	0.000025	$	5.00
05/27/2020	James Bobrik		200,000	$	0.60	$	0.000025	$	5.00
05/28/2020	Richard R Shehane		200,000	$	0.60	$	0.000025	$	5.00
06/03/2020	Jeffery Connell		100,000	$	0.60	$	0.000025	$	2.50
06/08/2020	Hassan M Oji		300,000	$	0.60	$	0.000025	$	7.50
06/09/2020	Kim Smith		500,000	$	0.60	$	0.000025	$	12.50
06/12/2020	Violet Gewerter		500,000	$	0.60	$	0.000025	$	12.50
06/16/2020	Roy S Worbets		200,000	$	0.60	$	0.000025	$	5.00
06/30/2020	Chris Knudsen		200,000	$	0.60	$	0.000025	$	5.00
07/01/2020	Donald Kitt		200,000	$	0.60	$	0.000025	$	5.00
08/13/2020	Monireh Sepahpour		500,000	$	0.60	$	0.000025	$	12.50
08/18/2020	Monica Shayestehpour		1,000,000	$	0.60	$	0.000025	$	25.00
09/02/2020	Hongsing Phou		200,000	$	0.60	$	0.000025	$	5.00
09/08/2020	Pejham Khial		500,000	$	0.60	$	0.000025	$	12.50
09/15/2020	Salvatore Marasa		200,000	$	0.60	$	0.000025	$	5.00
09/21/2020	Richard W LeAndro		500,000	$	0.60	$	0.000025	$	12.50
09/21/2020	Richard W LeAndro Jr		500,000	$	0.60	$	0.000025	$	12.50
09/25/2020	Seyed M Javad		200,000	$	0.60	$	0.000025	$	5.00
10/06/2020	Nasrin Montazer		500,000	$	0.60	$	0.000025	$	12.50
10/13/2020	Jagjit Dhaliwal		1,000,000	$	0.60	$	0.000025	$	25.00
	Total:		11,300,000					$	282.50
Related Party:
03/13/2020	Willy A Saint-Hilaire		1,000,000	$	0.60	$	0.000025	$	25.00
04/28/2020	Shahram Khial		500,000	$	0.60	$	0.000025	$	12.50
05/01/2020	Mike Zaman		1,000,000	$	0.60	$	0.000025	$	25.00
05/01/2020	Montse Zaman		1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Malcolm Ziman		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Brett Matus		200,000	$	0.60	$	0.000025	$	5.00
05/11/2020	Mohammad Sadrolashrafi		500,000	$	0.60	$	0.000025	$	5.00
05/04/2020	Arnulfo Saucedo-Bardan		1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Brian D. Colvin		1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Jacob Colvin		200,000	$	0.60	$	0.000025	$	5.00
05/19/2020	Joan R Saint-Hilaire		100,000	$	0.60	$	0.000025	$	2.50
05/19/2020	Marvin A Saint-Hilaire		100,000	$	0.60	$	0.000025	$	2.50
05/20/2020	Willy Rafael Saint-Hilaire		200,000	$	0.60	$	0.000025	$	5.00
05/29/2020	Ybelka Saint-Hilaire		200,000	$	0.60	$	0.000025	$	5.00
06/09/2020	Kenneth Cornell Bosket		1,000,000	$	0.60	$	0.000025	$	25.00
06/19/2020	Elvis E Saint-Hilaire		200,000	$	0.60	$	0.000025	$	5.00
07/01/2020	Theresa Kitt		200,000	$	0.60	$	0.000025	$	5.00
07/10/2020	Shahram Khial		500,000	$	0.60	$	0.000025	$	12.50
	Total Related Party:		9,100,000					$	220.00

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NOTE 8 – RELATED PARTY TRANSACTIONS

The Company is provided office space 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.

On January 13, 2020, the Company paid the remaining payable balance due to Mike Zaman of $760 for expenses paid on behalf of the Company.

On January 29, 2020, WYSH Investment LLC paid the Company $100 for press release services.

During the period ended March 31, 2020, the Company recorded the forgiveness of $7,200 accounts payable rent balance due to Mike Zaman.

On March 1, 2020, Willy A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On April 28, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 1, 2020, Mike Zaman was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 1, 2020, Montse Zaman was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 4, 2020 Arnulfo Saucedo-Bardan was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020, Malcolm Ziman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Brian Colvin was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Jacob Colvin was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Brett Matus was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 11, 2020, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 19, 2020 Joan R Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

29

On May 19, 2020 Marvin A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On May 20, 2020 Willy Rafael Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 29, 2020 Ybelka Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On June 9, 2020 Kenneth Cornell Bosket was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On July 1, 2020 Theresa Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On July 10, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On July 31, 2020, the Company entered into a Note Conversion Agreement with Willy A Saint-Hilaire to convert $17,633 of Note Payable plus interest of $859 to 36,984 shares of common stock at a conversion rate of $0.50 per share.

On September 1, 2020, the Company entered into a Services Agreement with American Video Teleconferencing Corp (AVOT) to provide advertising, branding and marketing solutions. The Company was compensated $17,000 for services to be rendered for a period of 12 months. Total compensation of $17,000 was converted to 17,000,000 shares of AVOT restricted common stock The Company recognized $5,663 in revenue for the year ending December 31, 2020. There is remaining $11,337 in deferred revenue as of December 31, 2020.

On September 9, 2020, Mohammad Sadrolashrafi purchased 30,000 shares of common stock at $0.50 per share at purchase price of $15,000.

On September 14, 2020, AVOT paid the Company $150 for press release services.

On September 29, 2020, the Company entered into a Promissory Note Agreement with Willy A Saint-Hilare for $23,175. As original issuance discount for the note, the Company issued Common Stock for a total of 23,175 shares. The fair market value of the shares were in excess of the note and the company recorded a debt discount of $23,175.

The Company is periodically advanced operating funds from related parties with convertible notes payable. During the nine months ended September 30, 2020, total convertible notes from related parties was $23,175.

The Company is also periodically advanced funds to cover account payables by direct payment of the account payables from related parties.

30

The Company entered into an agreement, effective January 1, 2020, to pay Mike Zaman $20,000 per month for managerial services.

The Company entered into an agreement, effective January 1, 2020, to pay Kenneth Cornell Bosket $5,000 per month for administrative services.

The Company entered into an agreement, effective January 1, 2020, to pay Montse Zaman $5,000 per month for administrative services.

On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com since company had not received the shares promised during the original sale.

As of December 31, 2020, the Company has a balance of $444,246 of accounts and accrued expenses payable with related parties. The Company had revenue of $5,100, issued stock for services of $18,757, issued stock for settlement of accounts payable accounts of $64,024 and had a loss of $426,987 for settlement of debt with related parties.

NOTE 9 – STOCKHOLDERS' EQUITY

Common Stock

As of December 31, 2020, the Company issued 472,000 shares for $243,500 in cash proceeds for sale of the common shares. The shares were sold at the price of $0.50 per share on the date of the grant.

As of December 31, 2020, the Company issued 3,000 shares for $3,000 in cash proceeds for sale of the common shares. The share were sold at the price of $1.00 per share on the date of the grant.

During the period ended December 31, 2020, the Company issued 36,984 shares of common stock for the conversion of debt and accrued to interest to Willy A Saint-Hilaire at a conversion rate of fifty cents ($0.50) per share per dollar ($1.00) owed.

During the period ended December 31, 2020, the Company issued 140,083 shares of common stock to Vinoth Sambandan for the settlement of the stock payable balance owed through December 31, 2019.

During the period ended December 31, 2020, the Company issued 204,933 shares of common stock to Vinoth Sambandan for the settlement of accounts payable balance owed through December 31, 2019.

During the period ended December 31, 2020, the Company issued 160,000 shares of common stock to Steven Cantor to for settlement of compensation dispute.

During the period ended December 31, 2020, the Company issued 74,000 shares of common stock to third parties for the settlement of accounts payable.

During the period ended December 31, 2020, the Company issued 23,175 shares of common stock to Willy A Saint-Hilaire for interest prepayment of Note Payable.

During the period ended December 31, 2020, the Company issued 4,934 shares of common stock to third parties for services rendered.

During the period ended December 31, 2020, the Company issued 15,978 shares of common stock to Vinoth Sambandan for services rendered.

During the period ended December 31, 2020, the Company granted non-qualified stock warrants purchasing up to 3,000,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s S1 registration filing of which date is yet to be determined.

31

Equity Incentive Plan

The Company’s 2006 Equity Incentive Plan, as amended and restated (the “Equity Incentive Plan”), provides for grants of stock options as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 3.0 million shares were available for issuance as of December 31, 2020.

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, 2020, the Company has 1,000 shares of Series A Preferred Stock outstanding

NOTE 10 – INCOME TAXES

The Company follows ASC 740, Accounting for Income Taxes. During 2009, there was a change in control of the Company. Under section 382 of the Internal Revenue Code such a change in control negates much of the tax loss carry forward and deferred income tax. 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 during 2020 or 2019.

The Company's deferred tax assets consisted of the following as of December 31, 2020 and 2019:

	2020			2019
Net operating loss	$	661,701		$	416,916	)
Valuation allowance		(661,701	)		(416,916	)
Net deferred tax asset	$	-		$	-

As of December 31, 2020 and 2019, the Company's accumulated net operating loss carry forward was approximately $3,150,957 and $1,985,312 respectively and will begin to expire in the year 2032. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%.

NOTE 11 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events as of the date of the Financial Statements and has determined that all events are disclosed herein.

On January 3, 2021, Marjan Tina and Reno Suwarno was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On January 15, 2021, the Company issued 1,286 shares of common stock to Diversified Unlimited for services rendered thru December 31, 2020 at a share price of $1.75 per share.

On February 1, 2021, the Company issued 11,504 shares of common stock to Vinoth Sambandan for settlement of accounts payable at a share price of $1.50 per share.

On March 12, 2021, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $9,333. The note carries interest at 16% with equal monthly interest and principal payments for 12 months.

32

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.

33

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, 2020. 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, 2020.

Item 9B: Other Information

None.

34

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 are as follows:

Name	Age	Positions Held and Tenure
Mike Zaman	64	Chairman since 11/2013; appointed President/CEO since 7/2015
Kenneth Cornell Bosket	67	Director since 06/2008; appointed to CFO since 6/2016
Montse Zaman	46	Director, Secretary and Treasurer since 02/2008
Shahram Khial	70	Director, Vice President of Marketing since 08/2020
Mohammad Sadrolashrafi	65	Director, Vice President of Operations since 08/2020
Malcolm Ziman	69	Director, Vice President of Finance since 08/2020
Vinoth Sambandam	38	Appointed CTO in 01/2017

There are no family relationship between or among any Officer and Director except that Mike Zaman and Montse Zaman are husband and wife.

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 a 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 where he attended Florida International University to study Computer Science. Since becoming a U.S. citizen, 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. He was appointed as the Company's Chief Marketing Officer in October of 2013.

KENNETH Cornell BOSKET - Kenneth Cornell Bosket is a director and CFO of the Company. Mr. Bosket has been 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.

35

VINOTH SAMBANDAM - Vinoth Sambandam, is the Chief Technology Officer, with several years of technical (IT) experience and has a background in BPO sector. Mr. Sambandam did his B.tech Information Technology in Dhanalakshmi College of Engineering in Chennai, India.

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.

MALCOLM ZIMAN – Malcolm Ziman is a businessman who has knowledge in finance, merger, and acquisitions, and capital markets, combined with his professional experience in diverse operational, managerial and administrative skills. Mr. Ziman studied Finance at University of Stellenbosch Business School in Bellville, Western Cape, South Africa and studied Marketing at Damelin College in South Africa.

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.

MOHAMMAD SADROLASHRAFI – Mohammad Sadrolashrafi P.E. has multi-disciplinary managerial, administrative and technical experience, as well as having the people kills to manage, negotiate, plan, design and to achieve the company’s strategic goals. Mr. Sadrolashrafi received his Civil Engineering, Associate Degree in Science from Northern Virginia Community College in Annandale, VA and a Civil Engineering, Bachelor of Science degree from the University of Nevada at Reno, in Reno, NV.

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 2020, the Company recorded aggregate compensation of $463,512 due to officers and directors. As of December 31, 2020, the outstanding balance due to officers and directors was $444,246.

During the fiscal period 2019 the Company paid its officers and directors an aggregate of $53,666. The remaining directors made the decision to serve as officers and/or directors without compensation upon appointment for the fiscal period 2020.

36

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

DIRECTORS OFFICERS COMPENSATION

	Annual compensation							Long-term compensation
								Awards
Name and Principal Position	Year	Salary ($)		Bonus ($)		Other annual compensation ($)		Restricted stock award(s) ($)		Securities under- lying options/ SARs (#)		Payouts LTIP payouts ($)		All other compen- sation ($)		Total Compensation
Kenneth Cornell Bosket	2020		60,000														60,000
CFO, Director	2019		3,650		-		-		-		-		-		-		3,650
	2018		1,000		-		-		-		-		-		-		1,000
Arnulfo Saucedo-Bardan	2020	60,000			-		-		-		-		-		-		60,000
Former Director	2019		-		-		-		-		-		-		-
	2018		1,400		-		-		-		-		-		-		1,400
Montse Zaman	2020		60,000														60,000
COO, Director	2019		-		-		-		-		-		-		-		-
	2018		-		-		-		-		-		-		-		-
Mike Zaman	2020		240,000		-		-		-		-		-		-		240,000
CEO, Director	2019		-		-		-		-		-		-		-		-
	2018		-		-		-		-		-		-		-		-
Vinoth Sambandam	2020		21,756		-		21,756		-		-		-		-		43,512
CTO	2019		25,008				25,008										50,016
	2018		25,008		-		25,008		-		-		-		-		50,016

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, 2014, 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.

37

Section 16(a) Beneficial Ownership Reporting Compliance. During the year ended December 31, 2020, the following persons were officers, directors and more than ten-percent shareholders of the Company's common stock:

Name	Position	Filed Reports
Montse Zaman	Officer, Director	Yes

Item 12: Security Ownership of Certain Beneficial Owners and Management and Related Stock Matters

There were 12,901,753 shares of the Company' common stock issued and outstanding on December 31, 2020. 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 at December 31, 2020. No other Preferred Shares are outstanding at December 31, 2020. 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)		1,000		100	%
11226 Pentland Downs Street
Las Vegas, NV 89141

_______________

(1) Denotes Officer and/or Director

Common Stock

Names and Addresses	Number of Shares Owned Beneficially		Percent of Beneficially Owned Shares
Montse Zaman (1)		10,012,057		85.08	%
11226 Pentland Downs Street
Las Vegas, NV 89141
Kenneth Cornell Bosket (1)		21,022		0	%
1453 Flintrock Road
Henderson, Nevada 89014
Mike Zaman (1)		7,476		0	%
11226 Pentland Downs Street
Las Vegas, NV 89141
Vinoth Sambandam (1)		410,740		0	%
L41A Bharathy Thasan Colony
KK Nagar, Chennai, 600 078 India
All directors and officers as a group		10,435,317		88.6	%

_______________

(1) Denotes officer or director.

38

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

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		--		--		66,290,000
Equity compensation plans not approved by security holders		--		--		--
Total		--		--		66,290,000

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 amount of shares to be issued pursuant to the Plan.

Item 13: Certain Relationships and Related Transactions

As in 2019, in 2020 the Company was provided office space 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.

During the period ending December 31, 2020, the Company issued 96,315 shares Common stock for the settlement of $204,933 debt from related parties.

As of December 31, 2020, the Company had a payable of $17,256 to Vinoth Sambandam, an officer of the Company. The amounts due are for services performed.

As of December 31, 2020, the Company had a remaining note payable balance to Montse Zaman for $1,000. The payable is unsecured, and due on demand.

As of December 31, 2020, the Company had a remaining note payable balance to Willy A Saint-Hilaire for $19,813. The payable is unsecured with a maturity date of September 28, 2021. Two monthly payments of $1,931 were paid during the period ending December 31, 2020 with a remaining 10 payments due.

As of December 31, 2020, the Company had a payable of $76,640 to Montse Zaman, an officer of the Company, for services performed.

39

As of December 31, 2001, the Company had a payable of $240,000 to Mike Zaman, an officer of the Company, for services performed.

As of December 31, 2020, the Company had a payable of $52,350 to Kenneth Cornell Boskett, an officer of the Company, for services performed.

As of December 31, 2020, the Company had a payable of $58,000 to Arnulfo Saucedo Bardan, an officer of the Company, for services performed.

Item 14: Principal Accounting Fees and Services

On December 19, 2018, the Company engaged M&K CPAS PLLC as the Company’s independent registered accounting firm commencing with the quarter ending March 31, 2018 through and including the fiscal year ending December 31, 2020.

	2020		2019
Audit fees	$	16,700	$	14,700
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.

40

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
31.1*	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
31.2*	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
32.1*	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
32.2*	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

101.INS **	XBRL Instance Document
101.SCH **	XBRL Taxonomy Extension Schema Document
101.CAL **	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF **	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB **	XBRL Taxonomy Extension Label Linkbase Document
101.PRE **	XBRL Taxonomy Extension Presentation Linkbase Document

_______________

*	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.

41

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 16, 2021.

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 16, 2021.

Signature	Title
/s/ Mike Zaman	Director, Chief Executive Officer
Mike Zaman
/s/ Montse Zaman	Director, Chief Operating Officer
Montse Zaman
/s/ Kenneth Cornell Bosket	Director, Chief Financial Officer (Principal
Kenneth Cornell Bosket	Financial Officer), Principal Accounting Officer

42

EX-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 audit 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 16, 2021	By:	/s/ Mike Zaman
		Mike Zaman
		President/CEO

EX-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 audit 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 16, 2021	By:	/s/ Kenneth Bosket
		Kenneth Bosket
		Chief Financial Officer

EX-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 Audit Report of Crown Equity Holdings Inc. on Form 10-K for the period ended December 31, 2020, 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 16, 2021	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.

EX-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 Audit Report of Crown Equity Holdings Inc. on Form 10-K for the period ended December 31, 2020, 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 16, 2021	By:	/s/ Kenneth Bosket
		Kenneth Bosket
		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.

XML

Cover - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 16, 2021
Cover [Abstract]
Entity Registrant Name	Crown Equity Holdings, Inc.
Entity Central Index Key	0001103833
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020
Entity Common Stock Shares Outstanding		12,914,543
Entity Public Float	$ 2,253,900
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

XML

BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash	$ 3,047	$ 997
Brokerage Account	180,587	0
Total Current Assets	183,634	997
Property and Equipment, net	15,505	28,882
Total Assets	199,139	29,879
Current liabilities
Accounts payable and accrued expenses	137,793	210,223
Accounts payable and accrued expenses to related party	444,246	80,664
Deferred revenue related party	11,333	0
Convertible notes payable to related parties, net of debt discount	5,508	760
Current portion of long-term debt	29,010	30,681
Total Current Liabilities	627,890	322,328
Non-Current liabilities
Long-term debt	15,045	25,976
Total Liabilities	642,935	348,304
Stockholders' deficit
Preferred stock value	0	0
Common Stock, 450,000,000 authorized at $0.001 par value; and 12,901,753 and 11,766,766 shares issued and outstanding at December 31, 2020 and 2019	12,902	11,766
Stock Payable	3,000	43,764
Additional paid-in capital	12,506,375	11,418,103
Accumulated deficit	(12,966,074)	(11,792,059)
Total stockholders' deficit	(443,796)	(318,425)
Total liabilities and stockholders' deficit	199,139	29,879
Series A Preferred Stock [Member]
Stockholders' deficit
Preferred stock value	$ 1	$ 1

XML

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Stockholders' deficit
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	12,901,753	11,766,766
Common stock, shares outstanding	12,901,753	11,766,766
Series A Preferred Stock [Member]
Stockholders' deficit
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000

XML

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenues
Revenues	$ 2,848	$ 3,793
Revenues - Related Party	5,100	50,000
Total Revenues	7,948	53,793
Operating expenses
General and administrative expense	614,489	115,695
Depreciation	25,331	31,668
Total Operating Expenses	639,820	147,363
(Loss) from operations	(631,872)	(93,570)
Other income (expense)
Interest expense	(7,461)	(21,885)
Gain on extinguishment of debt	0	1,349
Gain on stock held	34,022	0
Loss on AP Settlement/Shares for services	(543,987)	0
Investment expense	(17,000)	0
Debt discount amortization	(8,370)	(38,920)
Total Other Expense	(542,796)	(59,456)
Net (loss)	$ (1,174,015)	$ (153,026)
Basic and Diluted income (loss) per share	$ (0.09)	$ (0.01)
Basic and diluted income per share	12,428,674	11,936,422

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STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Common Stock Payable [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance, shares at Dec. 31, 2018		1,000	11,823,389
Balance, amount at Dec. 31, 2018	$ (329,242)	$ 1	$ 11,823	$ 18,756	$ 11,279,211	$ (11,639,033)
Common stock issued for services	7,698	$ 0	$ 0	0	7,698	0
Common stock issued for cash, shares			130,000
Common stock issued for cash, amount	65,000	$ 0	$ 130	0	64,870	0
Common Stock Subscribed for services	25,008	$ 0	$ 0	25,008	0	0
Common stock issued for settlement of debt, shares			17,062
Common stock issued for settlement of debt, amount	8,531	$ 0	$ 17	0	8,514	0
Common stock issued for settlement of debt - Related Parties, shares			96,315
Common stock issued for settlement of debt - Related Parties, amount	48,324	$ 0	$ 96	0	40,228	0
Forgiveness of interest from CEO	9,282	$ 0	$ 0	0	9,282	0
Shares for services returned, shares			(300,000)
Shares for services returned, amount		$ 0	$ (300)	0	300	0
Net loss	(153,026)	$ 0	$ 0		0	(153,026)
Warrant Subscriptions	0
Balance, shares at Dec. 31, 2019		1,000	11,766,766
Balance, amount at Dec. 31, 2019	(318,425)	$ 1	$ 11,766	43,764	11,418,103	(11,792,059)
Common stock issued for cash, shares			475,000
Common stock issued for cash, amount	246,500	$ 0	$ 475		246,025	0
Common Stock Subscribed for services	3,000	0	0	3,000	0	0
Net loss	(1,174,015)	$ 0	$ 0	0	0	(1,174,015)
Common stock issued for services, shares			4,834
Common stock issued for services, amount	5,999	$ 0	$ 4	0	5,995	0
Common stock issued for services - Related Parties, shares			156,061
Common stock issued for services - Related Parties, amount	18,757	$ 0	$ 156	(43,764)	62,365	0
Common Stock Subscribed for Salary Settlement, shares			160,000
Common Stock Subscribed for Salary Settlement, amount	80,000	$ 0	$ 160	0	79,840	0
Common stock issued for settlement of AP - Related Parties, amount	64,024		$ 205		63,819
Common stock issued for settlement of AP - Related Parties, shares			204,933
Common stock issued for settlement of AP, shares			74,000
Common stock issued for settlement of AP, amount	37,000	$ 0	$ 74	0	36,926	0
Warrant Subscriptions	510	0	0	0	510	0
Loss on AP Settlement	117,000	0	0	0	117,000	0
Loss on AP Settlement - Related Parties	426,987	0	0	0	426,987	0
Forgiveness of AP by CEO	7,200	$ 0	$ 0	0	7,200	0
Debt Conversion - Related Parties, shares			36,984
Debt Conversion - Related Parties, amount	18,492	$ 0	$ 37	0	18,455	0
Prepaid Interest - Related Parties, shares			23,175
Prepaid Interest - Related Parties, amount	23,175	$ 0	$ 25	0	23,150	0
Balance, shares at Dec. 31, 2020		1,000	12,901,753
Balance, amount at Dec. 31, 2020	$ (443,796)	$ 1	$ 12,902	$ 3,000	$ 12,506,375	$ (12,966,074)

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STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net (loss)	$ (1,174,015)	$ (153,026)
Adjustments to reconcile net loss to net cash used in operating activities:
Common stock issued for services	$ 24,756	$ 32,706
Common stock issued for Settlement of Board Member Compensation	80,000
Depreciation	$ 25,331	$ 31,668
Loss (gain) on brokerage account	(34,022)	0
Loss on investment	17,000	0
Loss on AP settlement	543,987	0
Amortization of beneficial conversion feature	8,370	38,920
Gain on conversions	0	(1,349)
Changes in operating assets and liabilities
Cash transfer	23,435	0
Deferred revenue - related party	(5,667)	(50,000)
Accounts payable and accrued expenses - related party	363,585	28,961
Accounts payable and accrued expenses	54,283	4,445
Net cash (used in) operating activities	(72,957)	(67,675)
Cash flows from investing activities
Cash paid for purchase of fixed assets	(4,597)	0
Cash paid to brokerage account	(170,000)	0
Net cash (used in) investing activities	(174,597)	0
Cash flows from financing activities
Payments on convertible notes payable, related party	(14,122)	(3,011)
Borrowings from convertible notes payable, related party	33,675	0
Proceeds from Sale of Stock	246,500	65,000
Proceeds from EIDL loan	4,000	0
Principal payments on debt	(23,959)	(6,611)
Warrant Subscriptions	510	0
Shares subscribed for cash	3,000	0
Net cash provided by financing activities	249,604	55,378
Net increase (decrease) in cash	2,050	(12,297)
Cash, beginning of period	997	13,294
Cash, end of period	3,047	997
SUPPLEMENTAL DISCLOSURE:
Interest paid	0	0
Income taxes paid	0	0
NONCASH INVESTING AND FINANCING ACTIVITIES:
Forgiveness of AP by CEO	7,200	0
Forgiveness of Interest - Related Party	0	9,282
Purchase of fixed assets through finance lease	7,357	9,985
Debt converted to common stock	18,492	8,531
Convertible debt for payment of AP	17,633	0
RP-AP Converted into common stock - Third Party	64,024	48,154
AP Converted into common stock - Third Party	37,000	0
Shares issued for stock payable	43,764	0
Stock for related party deferred revenue	17,000	0
Stock issued for prepayment of interest on debt - related party	$ 23,175	$ 0

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NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2020

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

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.

In 2010, the Company formed two subsidiaries Crown Tele Services, Inc. and CRWE Direct, Inc. Crown Tele Services Inc. will provide voice over IP messaging at a competitive price to other competitors and CRWE Direct will provide its client with direct sales of products. This entity was divested at the end of 2017.

In 2011, the Company formed a wholly owned subsidiary CRWE Real Estate Inc. CRWE Real Estate Inc. will hold real estate. CRWE Real Estate Inc., Crown Tele Services, Inc. and CRWE Direct, Inc. were sold in December of 2016 for aggregate consideration of $100, resulting in a gain of $5,967.

In 2016, the company sale of the subsidiaries is not considered to be a strategic shift since there were minimal activities during the year in the subsidiaries.

Assets	-
Intercompany	-
Total Assets sold	-
Cash	100
Payable assumed by buyer	5,867
Total Consideration	5,967
Gain on sale of subsidiaries	5,967

On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com since company had not received the shares promised during the original sale.

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 the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the “SEC”). 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.

Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation.

Adoption of New Accounting Standard

In February 2016, the FASB issued ASU 2016-02 “Leases”, which is codified in ASC 842 “Leases” and supersedes current lease guidance in ASC 840. These provisions require lessees to put a right-of-use asset and lease liability on their balance sheet for operating and financing leases that have a term of more than one year. Expense will be recognized in the income statement similar to current accounting guidance. For lessors, the ASU modifies the classification criteria and the accounting for sales-type and direct financing leases. Entities will need to disclose qualitative and quantitative information about their leases, including characteristics and amounts recognized in the financial statements. These provisions are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We adopted the provisions on January 1, 2019, including interim periods subsequent to the date of adoption. Entities are required to use a modified retrospective approach upon adoption to recognize and measure leases at the beginning of the earliest comparative period presented in the financial statements. Since all the leases were finance leases, there was no effect on the financial statements when ASC 842 was adopted.

In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements.

Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows.

Accounting Standards Not Yet Adopted

In June 2016, the FASB issued ASU 2016-3, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instructions (ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. ASU 2016-3 is effective for us in our first quarter of fiscal 2023, and earlier adoption is permitted. We are currently evaluating the impact of our pending adoption of ASU 2016-13 on our financial statements.

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.

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.

Revenue Recognition

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

1.	Identify the contract with the customer
	Contract 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 Company’s advertising platform. 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.

 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, 2020								December 31, 2019
	Third Party		Related Party		Total		Third Party		Related Party		Total
IT Services on Company Server	$	-	$	-	$	-	$	-	$	-	$	-
Advertising	$	-	$	5,100	$	5,100	$	-	$	-	$	-
Click Based and Impressions Ads	$	456	$	-	$	456	$	2,743	$	50,000	$	52,743
Domain Registrations	$	-	$	-	$	-	$	10	$	-	$	10
Publishing and Distribution	$	2,392	$	-	$	2,392	$	1,040		-		1,040
	$	2,848	$	5,100	$	7,948	$	3,793	$	50,000	$	53,793

Revenue is based on providing through the Company’s server services, Managed Information Technology, 24/7 support, which includes designing, developing, testing, maintaining functionality, infrastructure monitoring, managing and hosting, combined with revenue received from the display of click based and impressions ads located on the Company’s websites, domain name registration, publishing and distribution of news and press releases.

	December 31,		December 31,
	2020		2019
Deferred Revenue	$	11,333	$	-

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, 2020 and 2019.

Risk Concentrations

As of December 31, 2020, 64% of the Company’s revenues were received through advertisements, which 100% of the advertisement revenue was received through a related party. The remaining 36% of the remaining total revenues were from third parties for the displaying of click based and impressions ads located on the company’s websites, as well as for press releases and article publishing and distribution by the Company

In 2019, 98% of the Company’s revenues were received through advertisements, which 95% of the advertisement revenue was received through a related party. The remaining 2% of the remaining total revenues were from third parties for the displaying of click based and impressions ads located on the company’s websites, as well as for press releases and article publishing and distribution by the Company.

General and Administrative Expenses

Crown Equity's general and administrative expenses consisted of the following types of expenses during 2020 and 2019: Compensation expense, payroll expense, rent, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation and other administrative related expenses. 

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.

Impairment of Long-Lived Assets

The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2020 or 2019.

Basic and Diluted Net (Loss) per Share

	December 31,
	2020			2019
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(1,174,015	)	$	(153,026	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(1,174,015	)	$	(153,026	)
Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		12,428,674			11,936,422
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.09	)	$	(0.01	)
Diluted	$	(0.09	)	$	(0.01	)

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, 2020 and 2019. The number of potential anti-dilutive shares excluded from the calculation shares for the year ended December 31, 2020 is 20,400,000.

Income Taxes

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, 2020 and 2019.

Fair Value of Financial Instruments

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 30, 2020	Total		Level 1		Level 2		Level 3
Cash	$	3,047	$	3,047	$	-	$	-
Brokerage Accounts		180,587		180,587		-		-
Total	$	183,634	$	183,634	$	-	$	-

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.

Research and Development

The Company spent no money for research and development cost for the years ended December 31, 2020 and 2019.

Advertising Cost

The Company spent no money for advertisement for the years ended December 31, 2020 and 2019.

Depreciation expense was $25,331 and $31,668 for the years ended December 31, 2020 and 2019, respectively.

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GOING CONCERN

12 Months Ended

Dec. 31, 2020

GOING CONCERN

NOTE 2 - GOING CONCERN

As shown in the accompanying financial statements, Crown Equity an accumulated deficit of $12,966,074 since its inception and had a working capital deficit of $444,256 negative cash flows from operations and limited business operations as of December 31, 2020. 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

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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2020

PROPERTY AND EQUIPMENT

NOTE 3 - PROPERTY AND EQUIPMENT

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

Property consists of the following at December 31, 2020 and 2019:

	December 31, 2020			December 31, 2019
Computers – 3 year estimated useful life	$	108,622		$	96,669
Less – Accumulated Depreciation		(93,117	)		(67,787	)
Property and Equipment, net	$	15,505		$	28,882

Depreciation has been provided over each asset’s estimated useful life. Depreciation expense was $25,331, and $31,668 for the twelve months ended December 31, 2020 and 2019, respectively.

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BROKERAGE ACCOUNT

12 Months Ended

Dec. 31, 2020

BROKERAGE ACCOUNT

NOTE 4 - BROKERAGE ACCOUNT

As of December 31, 2020, the market value of the Company’s account portfolio, consisting of stocks only, was $180,587. The Company transferred $170,000 cash from accounts to brokerage account during the 3^rd quarter of 2020 and realized a net gain of $34,022 on investments and $17,000 in investment expense. The Company invested in various industries within the Nasdaq and New York stock exchange.

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CAPITAL LEASES

12 Months Ended

Dec. 31, 2020

CAPITAL LEASES

NOTE 5 - CAPITAL LEASES

During the period ending December 31, 2020, the Company paid an aggregate of $23,959 toward capital lease balances. During 2020 and 2019, the Company borrowed an aggregate $7,357 and $9,985 under the following third-party finance lease transactions:

A $9,985 note from a third party for the lease of fixed assets, bearing interest at 22%, amortized over 24 months with a payments of $498 in additional to a $22 management fee for a total monthly payment of $520. The lease has a bargain purchase option of $1 at the end of the lease term.

A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.60%, amortized over 36 months with payments of $219.

A $1,188 note from a third party for the purchase of fixed assets, bearing interest at 16.60%, amortized over 36 months with payments of $42.

The following is a schedule of the net book value of the finance lease.

Assets	December 31, 2020
Leased equipment under finance lease,	$	108,622
less accumulated amortization		(93,117	)
Net	$	15,505

Liabilities	December 31, 2020
Obligations under finance lease (current)	$	29,010
Obligations under finance lease (noncurrent)		11,045
Total	$	40,055

Below is a reconciliation of leases to the financial statements.

	Finance Leases
Leased asset balance	$	40,055
Liability balance	$	40,055
Cash flow (operating)	$	-
Cash flow (financing)	$	-
Interest expense	$	7,461

The following is a schedule, by years, of future minimum lease payments required under finance leases.

Years ended December 31	Finance Leases
2021		26,344
2022		14,990
2023		2,916
Thereafter		-
Total		44,250
Less: Imputed Interest		(4,195	)
Total Liability		40,055

Other information related to leases is as follows:

Lease Type	Weighted Average Remaining Term	Weighted Average Discount Rate (1)
Finance Leases	2.04 years		17	%

Based on average interest rate of 1%, average term remaining (months) 24.5 Average term remain (years) 2.04

(1) This discount rate is consistent with our borrowing rates from various lenders.

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NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

12 Months Ended

Dec. 31, 2020

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

NOTE 6 - NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

As of December 31, 2020 and 2019, the Company had unamortized discount of $0 and $0 respectively.

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 $14,805, as of December 31, 2020.

	Original	Due	Interest			Conversion		Dec 31,
Name	Note Date	Date	Rate			Rate		2020
Related Party Convertible Notes Payable:
Mike Zaman	01/19/2018	01/19/2019		12	%	$	0.50		-
Montse Zaman	03/25/2020	03/25/2021		12	%	$	-		1,000
Montse Zaman	04/28/2020	04/28/2021		12	%	$	-		-
Montse Zaman	05/22/2020	05/22/2021		12	%	$	-		-
Willy A Saint-Hilaire	09/29/2020	09/29/2021					-		19,913
Total Convertible Related Party Notes Payable									20,913
Less: Debt Discount									14,805
Convertible Notes Payable, net of Discount - Related Party									5,508
Third Party Convertible Notes Payable:
Willy A. Saint-Hilaire	02/27/2020	02/27/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/08/2020	03/08/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/24/2020	03/24/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/24/2020	03/24/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/24/2020	03/24/2021		12	%	$	-		-
Total Convertible Third Party Notes Payable									-
Less: Debt Discount									-
Convertible Notes Payable, net of Discount - Third Party									-
Third Party Non-Convertible Notes Payable:
Small Business Administration – EIDL	04/30/2020	04/30/2050		3.75	%	$	-		4,000
Total Third Party Non-Convertible Notes Payable									4,000

In April 2020, Crown Equity Holdings executed the standard loan documents required for securing a loan (the “EIDL Loan”) from the SBA under its Economic Injury Disaster Loan (“EIDL”) assistance program in light of the impact of the COVID-19 pandemic on the Company’s business.

The balance of principal and interest is payable thirty years from the date of the SBA Note. In connection therewith, the Company received a $4,000 advance.

Mike Zaman

As of December 31, 2019, the Company owed Mike Zaman a total of $760 and remaining accrued interest of $3,503. The balance of $760 was paid on January 13, 2020 and the remaining accrued interest of $3,503 were not converted as of December 30, 2020.

Montse Zaman

On March 27, 2020, the Company entered into a convertible promissory note with Montse Zaman in the amount of $5,000. The note carries interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares. The company made principal reduction payments of $1,000 and $3,000 on August 21, 2020 and October 9, 2020 respectively. As of December 31, 2020, the balance on this note was $1,000.

On April 28, 2020, the Company entered into a convertible promissory note with Montse Zaman in the amount of $4,000. The note carries interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares. The company made principal reduction payments of $2,000 and $2,000 on September 10, 2020 and November 12, 2020 respectively. As of December 31, 2020, the balance on this note was $0.

On May 22, 2020, the Company entered into a convertible promissory note with Montse Zaman in the amount of $1,500. The note carries interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares. The Company made payments of $700 and $800 on May 22, 2020 and July 31, 2020 respectively. As of December 31, 2020, the balance on this note was $0.

Willy Ariel Saint-Hilaire

On February 27, 2020, the Company entered into a promissory note with Willy Ariel Saint-Hilaire in the amount of $14,500. The note carries interest at 12% per annum. On July 31, 2020, the principal balance of $14,500 and accrued interest of $744 for a total of $15,244 were converted into 30,488 common shares at a conversion rate of $.50 per share.

On March 8, 2020, the Company entered into a promissory note with Willy Ariel Saint--Hilaire in the amounts of $1,581. The notes carry interest at 12% per annum. On July 31, 2020, the principal balance of $1,581 and accrued interest of $75 for a total of 1,656 were converted into 3,312 common shares at a conversion rate of $.50 per share.

On March 24, 2020, the Company entered into promissory notes with Willy Ariel Saint-Hilaire in the amounts of $500, $400, and $652. The notes carry interest at 12% per annum. On July 31, 2020, the principal balance of $500, $400, $652 and accrued interest of $21, $17, $2 respectively for a total of $1,592 were converted into 3,184 common shares at a conversion rate of $.50 per share.

On September 20, 2020, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $23,175 payable in 12 equal monthly installments of $1,931.25. As original issuance discount for the note, the Company issued Common Stock for a total of 23,175 shares. The fair market value of the shares were in excess of the note and the company recorded a debt discount of $23,175. Two monthly payments, for a total of $3,862 were paid during the fiscal year. As of December 31, 2020, the balance on this note was $19,313.

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COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2020

COMMITMENTS AND CONTINGENCIES

NOTE 7 - COMMITMENTS AND CONTINGENCIES

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

The Company agreed to pay the automobile lease of $395 a month, on a month to month basis and can be cancelled at any time but expects to continue lease payments for the full 2020 year.

The Company entered into an agreement, effective January 1, 2020, to pay Arnulfo Saucedo-Bardan $5,000 per month for website development, design maintenance and other IT services and solutions.

On February 13, 2020, Munti Consulting LLC was issued a warrant at a price of $0.000025 per share ($25 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. Exercisable after the first (1st) anniversary of the date of filing of the first Form S-1 filed with the U.S. Securities and Exchange Commission after the issuance of this Warrant.

On March 13, 2020, BBCKQK Trust Kevin Wiltz was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On March 13, 2020, Willy Ariel Saint--Hilaire was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On April 1, 2020, Addicted 2 Marketing LLC was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On April 28, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 4, 2020, Arnulfo Saucedo- Bardan was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 7, 2020, Arnold F. Sock was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 7, 2020 Rudy Chacon was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 7, 2020, Sadegh Salmassi was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020, Glen J. Rineer was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Barry Cohen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020, Malcolm Ziman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Brett Matus was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Brian D. Colvin was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Jacob Colvin was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 11, 2020, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 13, 2020 Steven A. Fishman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 13, 2020 Wendell and Sharon Piper was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 19, 2020 Joan R. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On May 19, 2020 Marvin A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On May 20, 2020 Willy Rafael Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 27, 2020 James Bobrik was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 28, 2020 Richard R Shehane was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 29, 2020 Ybelka Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On June 3, 2020, Jeffery Connell was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On June 8, 2020 Hassan M. Oji was issued a warrant at a price of $0.000025 per share ($7.50 total) to purchase 300,000 shares of common stock at the exercise price of $0.60 per share.

On June 9, 2020, Kim Smith was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On June 12, 2020 Violet Gewerter was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On June 16, 2020, Roy S Worbets was issued a warrant at a price of $0.000025 per share ($5.00) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On June 19, 2020, Elvis E. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On June 30, 2020, Chris Knudsen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On July 1, 2020, Theresa Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On July 1, 2020, Donald Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On July 10, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On August 13, 2020, Monireh Sepahpour was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On August 18, 2020, Monica Shayestehpour was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On September 2, 2020, Hongsing Phou was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On September 8, 2020, Pejham Khial was issued a warrant at a price of $0.000025 per share $12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On September 15, 2020, Salvatore Marasa was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On September 21, 2020, Richard W LeAndro was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On September 21, 2020, Richard W LeAndro Jr was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On September 25, 2020, Seyed M. Javad was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On October 6, 2020, Nasrin Montazer was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.50 per share.

On October 13, 2020, Jagjit Dhaliwal was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.50 per share.

Summary of Warrants Issued:

Issue Date	Issued To	Shares		Exercise price per share		Warrant price per share		Total Paid for Warrants
02/13/2020	Munti Consulting LLC		1,000,000	$	.060	$	0.000025	$	25.00
03/13/2020	BBCKQK Trust Kevin Wiltz		1,000,000	$	0.60	$	0.000025	$	25.00
04/01/2020	Addicted 2 Marketing LLC		100,000	$	0.60	$	0.000025	$	2.50
05/07/2020	Arnold F Sock		500,000	$	0.60	$	0.000025	$	12.50
05/07/2020	Rudy Chacon		200,000	$	0.60	$	0.000025	$	5.00
05/07/2020	Sadegh Salmassi		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Glen J Rineer		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Barry Cohen		200,000	$	0.60	$	0.000025	$	5.00
05/13/2020	Steven A Fishman		200,000	$	0.60	$	0.000025	$	5.00
05/13/2020	Wendell & Sharon Piper		200,000	$	0.60	$	0.000025	$	5.00
05/27/2020	James Bobrik		200,000	$	0.60	$	0.000025	$	5.00
05/28/2020	Richard R Shehane		200,000	$	0.60	$	0.000025	$	5.00
06/03/2020	Jeffery Connell		100,000	$	0.60	$	0.000025	$	2.50
06/08/2020	Hassan M Oji		300,000	$	0.60	$	0.000025	$	7.50
06/09/2020	Kim Smith		500,000	$	0.60	$	0.000025	$	12.50
06/12/2020	Violet Gewerter		500,000	$	0.60	$	0.000025	$	12.50
06/16/2020	Roy S Worbets		200,000	$	0.60	$	0.000025	$	5.00
06/30/2020	Chris Knudsen		200,000	$	0.60	$	0.000025	$	5.00
07/01/2020	Donald Kitt		200,000	$	0.60	$	0.000025	$	5.00
08/13/2020	Monireh Sepahpour		500,000	$	0.60	$	0.000025	$	12.50
08/18/2020	Monica Shayestehpour		1,000,000	$	0.60	$	0.000025	$	25.00
09/02/2020	Hongsing Phou		200,000	$	0.60	$	0.000025	$	5.00
09/08/2020	Pejham Khial		500,000	$	0.60	$	0.000025	$	12.50
09/15/2020	Salvatore Marasa		200,000	$	0.60	$	0.000025	$	5.00
09/21/2020	Richard W LeAndro		500,000	$	0.60	$	0.000025	$	12.50
09/21/2020	Richard W LeAndro Jr		500,000	$	0.60	$	0.000025	$	12.50
09/25/2020	Seyed M Javad		200,000	$	0.60	$	0.000025	$	5.00
10/06/2020	Nasrin Montazer		500,000	$	0.60	$	0.000025	$	12.50
10/13/2020	Jagjit Dhaliwal		1,000,000	$	0.60	$	0.000025	$	25.00
	Total:		11,300,000					$	282.50
Related Party:
03/13/2020	Willy A Saint-Hilaire		1,000,000	$	0.60	$	0.000025	$	25.00
04/28/2020	Shahram Khial		500,000	$	0.60	$	0.000025	$	12.50
05/01/2020	Mike Zaman		1,000,000	$	0.60	$	0.000025	$	25.00
05/01/2020	Montse Zaman		1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Malcolm Ziman		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Brett Matus		200,000	$	0.60	$	0.000025	$	5.00
05/11/2020	Mohammad Sadrolashrafi		500,000	$	0.60	$	0.000025	$	5.00
05/04/2020	Arnulfo Saucedo-Bardan		1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Brian D. Colvin		1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Jacob Colvin		200,000	$	0.60	$	0.000025	$	5.00
05/19/2020	Joan R Saint-Hilaire		100,000	$	0.60	$	0.000025	$	2.50
05/19/2020	Marvin A Saint-Hilaire		100,000	$	0.60	$	0.000025	$	2.50
05/20/2020	Willy Rafael Saint-Hilaire		200,000	$	0.60	$	0.000025	$	5.00
05/29/2020	Ybelka Saint-Hilaire		200,000	$	0.60	$	0.000025	$	5.00
06/09/2020	Kenneth Cornell Bosket		1,000,000	$	0.60	$	0.000025	$	25.00
06/19/2020	Elvis E Saint-Hilaire		200,000	$	0.60	$	0.000025	$	5.00
07/01/2020	Theresa Kitt		200,000	$	0.60	$	0.000025	$	5.00
07/10/2020	Shahram Khial		500,000	$	0.60	$	0.000025	$	12.50
	Total Related Party:		9,100,000					$	220.00

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RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2020

RELATED PARTY TRANSACTIONS

NOTE 8 - RELATED PARTY TRANSACTIONS

The Company is provided office space 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.

On January 13, 2020, the Company paid the remaining payable balance due to Mike Zaman of $760 for expenses paid on behalf of the Company.

On January 29, 2020, WYSH Investment LLC paid the Company $100 for press release services.

During the period ended March 31, 2020, the Company recorded the forgiveness of $7,200 accounts payable rent balance due to Mike Zaman.

On March 1, 2020, Willy A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On April 28, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 1, 2020, Mike Zaman was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 1, 2020, Montse Zaman was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 4, 2020 Arnulfo Saucedo-Bardan was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020, Malcolm Ziman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Brian Colvin was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Jacob Colvin was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 8, 2020 Brett Matus was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 11, 2020, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On May 19, 2020 Joan R Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share. 

On May 19, 2020 Marvin A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.

On May 20, 2020 Willy Rafael Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On May 29, 2020 Ybelka Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On June 9, 2020 Kenneth Cornell Bosket was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On July 1, 2020 Theresa Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.

On July 10, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

On July 31, 2020, the Company entered into a Note Conversion Agreement with Willy A Saint-Hilaire to convert $17,633 of Note Payable plus interest of $859 to 36,984 shares of common stock at a conversion rate of $0.50 per share.

On September 1, 2020, the Company entered into a Services Agreement with American Video Teleconferencing Corp (AVOT) to provide advertising, branding and marketing solutions. The Company was compensated $17,000 for services to be rendered for a period of 12 months. Total compensation of $17,000 was converted to 17,000,000 shares of AVOT restricted common stock The Company recognized $5,663 in revenue for the year ending December 31, 2020. There is remaining $11,337 in deferred revenue as of December 31, 2020.

On September 9, 2020, Mohammad Sadrolashrafi purchased 30,000 shares of common stock at $0.50 per share at purchase price of $15,000.

On September 14, 2020, AVOT paid the Company $150 for press release services.

On September 29, 2020, the Company entered into a Promissory Note Agreement with Willy A Saint-Hilare for $23,175. As original issuance discount for the note, the Company issued Common Stock for a total of 23,175 shares. The fair market value of the shares were in excess of the note and the company recorded a debt discount of $23,175.

The Company is periodically advanced operating funds from related parties with convertible notes payable. During the nine months ended September 30, 2020, total convertible notes from related parties was $23,175.

The Company is also periodically advanced funds to cover account payables by direct payment of the account payables from related parties.  

The Company entered into an agreement, effective January 1, 2020, to pay Mike Zaman $20,000 per month for managerial services.

The Company entered into an agreement, effective January 1, 2020, to pay Kenneth Cornell Bosket $5,000 per month for administrative services.

The Company entered into an agreement, effective January 1, 2020, to pay Montse Zaman $5,000 per month for administrative services.

On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com since company had not received the shares promised during the original sale.

As of December 31, 2020, the Company has a balance of $444,246 of accounts and accrued expenses payable with related parties. The Company had revenue of $5,100, issued stock for services of $18,757, issued stock for settlement of accounts payable accounts of $64,024 and had a loss of $426,987 for settlement of debt with related parties.

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STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2020

STOCKHOLDERS' EQUITY

NOTE 9 - STOCKHOLDERS' EQUITY

Common Stock

As of December 31, 2020, the Company issued 472,000 shares for $243,500 in cash proceeds for sale of the common shares. The shares were sold at the price of $0.50 per share on the date of the grant.

As of December 31, 2020, the Company issued 3,000 shares for $3,000 in cash proceeds for sale of the common shares. The share were sold at the price of $1.00 per share on the date of the grant.

During the period ended December 31, 2020, the Company issued 36,984 shares of common stock for the conversion of debt and accrued to interest to Willy A Saint-Hilaire at a conversion rate of fifty cents ($0.50) per share per dollar ($1.00) owed.

During the period ended December 31, 2020, the Company issued 140,083 shares of common stock to Vinoth Sambandan for the settlement of the stock payable balance owed through December 31, 2019.

During the period ended December 31, 2020, the Company issued 204,933 shares of common stock to Vinoth Sambandan for the settlement of accounts payable balance owed through December 31, 2019.

During the period ended December 31, 2020, the Company issued 160,000 shares of common stock to Steven Cantor to for settlement of compensation dispute.

During the period ended December 31, 2020, the Company issued 74,000 shares of common stock to third parties for the settlement of accounts payable.

During the period ended December 31, 2020, the Company issued 23,175 shares of common stock to Willy A Saint-Hilaire for interest prepayment of Note Payable.

During the period ended December 31, 2020, the Company issued 4,934 shares of common stock to third parties for services rendered.

During the period ended December 31, 2020, the Company issued 15,978 shares of common stock to Vinoth Sambandan for services rendered.

During the period ended December 31, 2020, the Company granted non-qualified stock warrants purchasing up to 3,000,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s S1 registration filing of which date is yet to be determined.

Equity Incentive Plan

The Company’s 2006 Equity Incentive Plan, as amended and restated (the “Equity Incentive Plan”), provides for grants of stock options as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 3.0 million shares were available for issuance as of December 31, 2020.

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, 2020, the Company has 1,000 shares of Series A Preferred Stock outstanding.

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INCOME TAXES

12 Months Ended

Dec. 31, 2020

INCOME TAXES

NOTE 10 - INCOME TAXES

The Company follows ASC 740, Accounting for Income Taxes. During 2009, there was a change in control of the Company. Under section 382 of the Internal Revenue Code such a change in control negates much of the tax loss carry forward and deferred income tax. 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 during 2020 or 2019.

The Company's deferred tax assets consisted of the following as of December 31, 2020 and 2019:

	2020			2019
Net operating loss	$	661,701		$	416,916	)
Valuation allowance		(661,701	)		(416,916	)
Net deferred tax asset	$	-		$	-

As of December 31, 2020 and 2019, the Company's accumulated net operating loss carry forward was approximately $3,150,957 and $1,985,312 respectively and will begin to expire in the year 2032. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%.

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SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2020

SUBSEQUENT EVENTS

NOTE 11 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events as of the date of the Financial Statements and has determined that all events are disclosed herein.

On January 3, 2021, Marjan Tina and Reno Suwarno was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On January 15, 2021, the Company issued 1,286 shares of common stock to Diversified Unlimited for services rendered thru December 31, 2020 at a share price of $1.75 per share.

On February 1, 2021, the Company issued 11,504 shares of common stock to Vinoth Sambandan for settlement of accounts payable at a share price of $1.50 per share.

On March 12, 2021, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $9,333. The note carries interest at 16% with equal monthly interest and principal payments for 12 months.

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NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2020

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.

In 2010, the Company formed two subsidiaries Crown Tele Services, Inc. and CRWE Direct, Inc. Crown Tele Services Inc. will provide voice over IP messaging at a competitive price to other competitors and CRWE Direct will provide its client with direct sales of products. This entity was divested at the end of 2017.

In 2011, the Company formed a wholly owned subsidiary CRWE Real Estate Inc. CRWE Real Estate Inc. will hold real estate. CRWE Real Estate Inc., Crown Tele Services, Inc. and CRWE Direct, Inc. were sold in December of 2016 for aggregate consideration of $100, resulting in a gain of $5,967.

In 2016, the company sale of the subsidiaries is not considered to be a strategic shift since there were minimal activities during the year in the subsidiaries.

Assets	-
Intercompany	-
Total Assets sold	-
Cash	100
Payable assumed by buyer	5,867
Total Consideration	5,967
Gain on sale of subsidiaries	5,967

On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com since company had not received the shares promised during the original sale.

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 the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the “SEC”). 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.

Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation.

Adoption of New Accounting Standard

In February 2016, the FASB issued ASU 2016-02 “Leases”, which is codified in ASC 842 “Leases” and supersedes current lease guidance in ASC 840. These provisions require lessees to put a right-of-use asset and lease liability on their balance sheet for operating and financing leases that have a term of more than one year. Expense will be recognized in the income statement similar to current accounting guidance. For lessors, the ASU modifies the classification criteria and the accounting for sales-type and direct financing leases. Entities will need to disclose qualitative and quantitative information about their leases, including characteristics and amounts recognized in the financial statements. These provisions are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We adopted the provisions on January 1, 2019, including interim periods subsequent to the date of adoption. Entities are required to use a modified retrospective approach upon adoption to recognize and measure leases at the beginning of the earliest comparative period presented in the financial statements. Since all the leases were finance leases, there was no effect on the financial statements when ASC 842 was adopted.

In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements.

Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows. 

Accounting Standards not yet Adopted

In June 2016, the FASB issued ASU 2016-3, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instructions (ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. ASU 2016-3 is effective for us in our first quarter of fiscal 2023, and earlier adoption is permitted. We are currently evaluating the impact of our pending adoption of ASU 2016-13 on our financial statements.

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. 

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.

Revenue Recognition

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

1.	Identify the contract with the customer
	Contract 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 Company’s advertising platform. 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.

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, 2020								December 31, 2019
	Third Party		Related Party		Total		Third Party		Related Party		Total
IT Services on Company Server	$	-	$	-	$	-	$	-	$	-	$	-
Advertising	$	-	$	5,100	$	5,100	$	-	$	-	$	-
Click Based and Impressions Ads	$	456	$	-	$	456	$	2,743	$	50,000	$	52,743
Domain Registrations	$	-	$	-	$	-	$	10	$	-	$	10
Publishing and Distribution	$	2,392	$	-	$	2,392	$	1,040		-		1,040
	$	2,848	$	5,100	$	7,948	$	3,793	$	50,000	$	53,793

Revenue is based on providing through the Company’s server services, Managed Information Technology, 24/7 support, which includes designing, developing, testing, maintaining functionality, infrastructure monitoring, managing and hosting, combined with revenue received from the display of click based and impressions ads located on the Company’s websites, domain name registration, publishing and distribution of news and press releases.

	December 31,		December 31,
	2020		2019
Deferred Revenue	$	11,333	$	-

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, 2020 and 2019. 

Risk Concentrations

As of December 31, 2020, 64% of the Company’s revenues were received through advertisements, which 100% of the advertisement revenue was received through a related party. The remaining 36% of the remaining total revenues were from third parties for the displaying of click based and impressions ads located on the company’s websites, as well as for press releases and article publishing and distribution by the Company

In 2019, 98% of the Company’s revenues were received through advertisements, which 95% of the advertisement revenue was received through a related party. The remaining 2% of the remaining total revenues were from third parties for the displaying of click based and impressions ads located on the company’s websites, as well as for press releases and article publishing and distribution by the Company.

General and Administrative Expenses

Crown Equity's general and administrative expenses consisted of the following types of expenses during 2020 and 2019: Compensation expense, payroll expense, rent, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation and other administrative related expenses.

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.

Impairment of Long-Lived Assets

The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2020 or 2019. 

Basic and Diluted Net (Loss) per Share

	December 31,
	2020			2019
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(1,174,015	)	$	(153,026	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(1,174,015	)	$	(153,026	)
Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		12,428,674			11,936,422
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.09	)	$	(0.01	)
Diluted	$	(0.09	)	$	(0.01	)

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, 2020 and 2019. The number of potential anti-dilutive shares excluded from the calculation shares for the year ended December 31, 2020 is 20,400,000.

Income Taxes

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, 2020 and 2019.

Fair Value of Financial Instruments

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 30, 2020	Total		Level 1		Level 2		Level 3
Cash	$	3,047	$	3,047	$	-	$	-
Brokerage Accounts		180,587		180,587		-		-
Total	$	183,634	$	183,634	$	-	$	-

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.

Research and Development

The Company spent no money for research and development cost for the years ended December 31, 2020 and 2019.

Advertising Cost

The Company spent no money for advertisement for the years ended December 31, 2020 and 2019.

Depreciation expense was $25,331 and $31,668 for the years ended December 31, 2020 and 2019, respectively.

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NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Schedule of gain on sale of subsidiary

Assets	-
Intercompany	-
Total Assets sold	-
Cash	100
Payable assumed by buyer	5,867
Total Consideration	5,967
Gain on sale of subsidiaries	5,967

Schedule of Sales recognized

	December 31, 2020								December 31, 2019
	Third Party		Related Party		Total		Third Party		Related Party		Total
IT Services on Company Server	$	-	$	-	$	-	$	-	$	-	$	-
Advertising	$	-	$	5,100	$	5,100	$	-	$	-	$	-
Click Based and Impressions Ads	$	456	$	-	$	456	$	2,743	$	50,000	$	52,743
Domain Registrations	$	-	$	-	$	-	$	10	$	-	$	10
Publishing and Distribution	$	2,392	$	-	$	2,392	$	1,040		-		1,040
	$	2,848	$	5,100	$	7,948	$	3,793	$	50,000	$	53,793

Schedule of revenue

	December 31,		December 31,
	2020		2019
Deferred Revenue	$	11,333	$	-

Schedule of Basic and Diluted Net (Loss) per Share

	December 31,
	2020			2019
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(1,174,015	)	$	(153,026	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(1,174,015	)	$	(153,026	)
Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		12,428,674			11,936,422
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.09	)	$	(0.01	)
Diluted	$	(0.09	)	$	(0.01	)

 

Schedule of deferred tax assets

December 30, 2020	Total		Level 1		Level 2		Level 3
Cash	$	3,047	$	3,047	$	-	$	-
Brokerage Accounts		180,587		180,587		-		-
Total	$	183,634	$	183,634	$	-	$	-

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PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2020

PROPERTY AND EQUIPMENT

Schedule of property plant and equipment

	December 31, 2020			December 31, 2019
Computers – 3 year estimated useful life	$	108,622		$	96,669
Less – Accumulated Depreciation		(93,117	)		(67,787	)
Property and Equipment, net	$	15,505		$	28,882

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CAPITAL LEASES (Tables)

12 Months Ended

Dec. 31, 2020

CAPITAL LEASES

Schedule of reconciliation of leases

	Finance Leases
Leased asset balance	$	40,055
Liability balance	$	40,055
Cash flow (operating)	$	-
Cash flow (financing)	$	-
Interest expense	$	7,461

Schedule of the net book value of the finance lease

Assets	December 31, 2020
Leased equipment under finance lease,	$	108,622
less accumulated amortization		(93,117	)
Net	$	15,505

Liabilities	December 31, 2020
Obligations under finance lease (current)	$	29,010
Obligations under finance lease (noncurrent)		11,045
Total	$	40,055

Schedule of future minimum lease payments

Years ended December 31	Finance Leases
2021		26,344
2022		14,990
2023		2,916
Thereafter		-
Total		44,250
Less: Imputed Interest		(4,195	)
Total Liability		40,055

Schedule of other information related to leases

Lease Type	Weighted Average Remaining Term	Weighted Average Discount Rate (1)
Finance Leases	2.04 years		17	%

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NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Tables)

12 Months Ended

Dec. 31, 2020

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

Schedule of Convertible Notes Payable

	Original	Due	Interest			Conversion		Dec 31,
Name	Note Date	Date	Rate			Rate		2020
Related Party Convertible Notes Payable:
Mike Zaman	01/19/2018	01/19/2019		12	%	$	0.50		-
Montse Zaman	03/25/2020	03/25/2021		12	%	$	-		1,000
Montse Zaman	04/28/2020	04/28/2021		12	%	$	-		-
Montse Zaman	05/22/2020	05/22/2021		12	%	$	-		-
Willy A Saint-Hilaire	09/29/2020	09/29/2021					-		19,913
Total Convertible Related Party Notes Payable									20,913
Less: Debt Discount									14,805
Convertible Notes Payable, net of Discount - Related Party									5,508
Third Party Convertible Notes Payable:
Willy A. Saint-Hilaire	02/27/2020	02/27/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/08/2020	03/08/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/24/2020	03/24/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/24/2020	03/24/2021		12	%	$	-		-
Willy A. Saint-Hilaire	03/24/2020	03/24/2021		12	%	$	-		-
Total Convertible Third Party Notes Payable									-
Less: Debt Discount									-
Convertible Notes Payable, net of Discount - Third Party									-
Third Party Non-Convertible Notes Payable:
Small Business Administration – EIDL	04/30/2020	04/30/2050		3.75	%	$	-		4,000
Total Third Party Non-Convertible Notes Payable									4,000

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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2020

COMMITMENTS AND CONTINGENCIES (Tables)

Summary of Warrants Issued

Issue Date	Issued To	Shares		Exercise price per share		Warrant price per share		Total Paid for Warrants
02/13/2020	Munti Consulting LLC		1,000,000	$	.060	$	0.000025	$	25.00
03/13/2020	BBCKQK Trust Kevin Wiltz		1,000,000	$	0.60	$	0.000025	$	25.00
04/01/2020	Addicted 2 Marketing LLC		100,000	$	0.60	$	0.000025	$	2.50
05/07/2020	Arnold F Sock		500,000	$	0.60	$	0.000025	$	12.50
05/07/2020	Rudy Chacon		200,000	$	0.60	$	0.000025	$	5.00
05/07/2020	Sadegh Salmassi		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Glen J Rineer		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Barry Cohen		200,000	$	0.60	$	0.000025	$	5.00
05/13/2020	Steven A Fishman		200,000	$	0.60	$	0.000025	$	5.00
05/13/2020	Wendell & Sharon Piper		200,000	$	0.60	$	0.000025	$	5.00
05/27/2020	James Bobrik		200,000	$	0.60	$	0.000025	$	5.00
05/28/2020	Richard R Shehane		200,000	$	0.60	$	0.000025	$	5.00
06/03/2020	Jeffery Connell		100,000	$	0.60	$	0.000025	$	2.50
06/08/2020	Hassan M Oji		300,000	$	0.60	$	0.000025	$	7.50
06/09/2020	Kim Smith		500,000	$	0.60	$	0.000025	$	12.50
06/12/2020	Violet Gewerter		500,000	$	0.60	$	0.000025	$	12.50
06/16/2020	Roy S Worbets		200,000	$	0.60	$	0.000025	$	5.00
06/30/2020	Chris Knudsen		200,000	$	0.60	$	0.000025	$	5.00
07/01/2020	Donald Kitt		200,000	$	0.60	$	0.000025	$	5.00
08/13/2020	Monireh Sepahpour		500,000	$	0.60	$	0.000025	$	12.50
08/18/2020	Monica Shayestehpour		1,000,000	$	0.60	$	0.000025	$	25.00
09/02/2020	Hongsing Phou		200,000	$	0.60	$	0.000025	$	5.00
09/08/2020	Pejham Khial		500,000	$	0.60	$	0.000025	$	12.50
09/15/2020	Salvatore Marasa		200,000	$	0.60	$	0.000025	$	5.00
09/21/2020	Richard W LeAndro		500,000	$	0.60	$	0.000025	$	12.50
09/21/2020	Richard W LeAndro Jr		500,000	$	0.60	$	0.000025	$	12.50
09/25/2020	Seyed M Javad		200,000	$	0.60	$	0.000025	$	5.00
10/06/2020	Nasrin Montazer		500,000	$	0.60	$	0.000025	$	12.50
10/13/2020	Jagjit Dhaliwal		1,000,000	$	0.60	$	0.000025	$	25.00
	Total:		11,300,000					$	282.50
Related Party:
03/13/2020	Willy A Saint-Hilaire		1,000,000	$	0.60	$	0.000025	$	25.00
04/28/2020	Shahram Khial		500,000	$	0.60	$	0.000025	$	12.50
05/01/2020	Mike Zaman		1,000,000	$	0.60	$	0.000025	$	25.00
05/01/2020	Montse Zaman		1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Malcolm Ziman		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Brett Matus		200,000	$	0.60	$	0.000025	$	5.00
05/11/2020	Mohammad Sadrolashrafi		500,000	$	0.60	$	0.000025	$	5.00
05/04/2020	Arnulfo Saucedo-Bardan		1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Brian D. Colvin		1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Jacob Colvin		200,000	$	0.60	$	0.000025	$	5.00
05/19/2020	Joan R Saint-Hilaire		100,000	$	0.60	$	0.000025	$	2.50
05/19/2020	Marvin A Saint-Hilaire		100,000	$	0.60	$	0.000025	$	2.50
05/20/2020	Willy Rafael Saint-Hilaire		200,000	$	0.60	$	0.000025	$	5.00
05/29/2020	Ybelka Saint-Hilaire		200,000	$	0.60	$	0.000025	$	5.00
06/09/2020	Kenneth Cornell Bosket		1,000,000	$	0.60	$	0.000025	$	25.00
06/19/2020	Elvis E Saint-Hilaire		200,000	$	0.60	$	0.000025	$	5.00
07/01/2020	Theresa Kitt		200,000	$	0.60	$	0.000025	$	5.00
07/10/2020	Shahram Khial		500,000	$	0.60	$	0.000025	$	12.50
	Total Related Party:		9,100,000					$	220.00

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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

INCOME TAXES

Schedule of Deferred Tax

	2020			2019
Net operating loss	$	661,701		$	416,916	)
Valuation allowance		(661,701	)		(416,916	)
Net deferred tax asset	$	-		$	-

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NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Assets	$ 199,139	$ 29,879
Cash	3,047	$ 997
CRWE Real Estate Inc. [Member] | 2016 [Member]
Assets	0
Intercompany	0
Total Assets sold	0
Cash	100
Payable assumed by buyer	5,867
Total Consideration	5,967
Gain on sale of subsidiaries	$ 5,967

XML

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
IT Services on Company Server	$ 0	$ 0
Advertising	5,100	0
Click Based and Impressions Ads	456	52,743
Domain Registrations	0	10
Publishing and Distribution	2,392	1,040
Total sales	7,948	53,793
Related Party [Member]
IT Services on Company Server	0	0
Advertising	5,100	0
Click Based and Impressions Ads	0	50,000
Domain Registrations	0	0
Publishing and Distribution	0	0
Total sales	5,100	50,000
Third Party [Member]
IT Services on Company Server	0	0
Advertising	0	0
Click Based and Impressions Ads	456	2,743
Domain Registrations	0	10
Publishing and Distribution	2,392	1,040
Total sales	$ 2,848	$ 3,793

XML

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES
Deferred Revenue	$ 11,333	$ 0

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NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$ (1,174,015)	$ (153,026)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$ (1,174,015)	$ (153,026)
Denominator:
Weighted average common and common equivalent shares outstanding-basic and diluted	12,428,674	11,936,422
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$ (0.09)	$ (0.01)
Diluted	$ (0.09)	$ (0.01)

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NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 4) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Cash	$ 3,047	$ 997
Brokerage Accounts	180,587
Total	183,634
Level 3 [Member]
Cash	0
Brokerage Accounts	0
Total	0
Level 2 [Member]
Cash	0
Brokerage Accounts	0
Total	0
Level 1 [Member]
Cash	3,047
Brokerage Accounts	180,587
Total	$ 183,634

XML

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Risk Concentrations description	In 2019, 98% of the Company’s revenues were received through advertisements, which 95% of the advertisement revenue was received through a related party. The remaining 2% of the remaining total revenues were from third parties for the displaying of click based and impressions ads located on the company’s websites
Number of anti-dilutive shares excluded	20,400,000	20,400,000
Depreciation expense	$ 25,331	$ 31,668
CRWE Real Estate Inc. [Member] | 2016 [Member]
Gain on sale of subsidiaries	5,967
Aggregate consideration	$ 100
Click Based And Impressions Ads [Member]
Percentage of revenues received	36.00%
Managed Information Technology Services [Member]
Percentage of revenues received	64.00%

XML

GOING CONCERN (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Working capital deficit	$ (444,256)
Accumulated deficit	(12,966,074)	$ (11,792,059)
Since Inception [Member]
Accumulated deficit	$ (12,966,074)

XML

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
PROPERTY AND EQUIPMENT
Computers - 3 year estimated useful life	$ 108,622	$ 96,669
Less - Accumulated Depreciation	(93,117)	(67,787)
Property and Equipment, net	$ 15,505	$ 28,882

XML

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Depreciation expense	$ 25,331	$ 31,668
Capitalized property	$ 1,000
Minimum [Member]
Useful life	3 years
Maximum [Member]
Useful life	7 years

XML

BROKERAGE ACCOUNT (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
BROKERAGE ACCOUNT (Details Narrative)
Cash transferred from accounts to brokerage account	$ 170,000
Brokerage Account		$ 180,587	$ 0
Net gains on investments		34,022
Investment expense		$ 17,000

XML

CAPITAL LEASES (Details)	Dec. 31, 2020 USD ($)
Assets
Leased equipment under finance lease	$ 108,622
Less accumulated amortization	(93,117)
Net	15,505
Liabilities
Obligations under finance lease (current)	29,010
Obligations under finance lease (noncurrent)	11,045
Total	$ 40,055

XML

CAPITAL LEASES (Details 1) - Capital Leases [Member]	12 Months Ended
	Dec. 31, 2020 USD ($)
Leased asset balance	$ 40,055
Liability balance	40,055
Cash flow (operating)	0
Cash flow (financing)	0
Interest expense	$ 7,461

XML

CAPITAL LEASES (Details 2) - Finance Leases [Member]	Dec. 31, 2020 USD ($)
2021	$ 26,344
2022	14,990
2023	2,916
Thereafter	0
Total	44,250
Less: Imputed Interest	(4,195)
Total Liability	$ 40,055

XML

CAPITAL LEASES (Details 3) - Finance Leases [Member]	12 Months Ended
	Dec. 31, 2020
Weighted Average Remaining Term	2 years 15 days
Weighted Average Discount Rate	17.00%

XML

CAPITAL LEASES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Payment on notes payable	$ 23,959
Capital lease description	Based on average interest rate of 1%, average term remaining (months) 24.5 Average term remain (years) 2.04
Note payable	$ 7,357	$ 9,985
Capital Lease [Member] | Third Party 2 [Member]
Note payable	$ 1,188
Interest rate	16.60%
Amortization period	36 months
Monthly payments	$ 42
Capital Lease [Member] | Third Party 1 [Member]
Note payable	$ 6,168
Interest rate	16.60%
Amortization period	36 months
Monthly payments	$ 219
Capital Lease [Member] | Third Party [Member]
Note payable	$ 9,985
Interest rate	22.00%
Amortization period	24 months
Monthly payments	$ 520
Bargain purchase option	1
Net monthly payment after management fees	498
Payment for Management Fee	$ 22

XML

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Less: Debt Discount	$ 14,805
Convertible Notes Payable, net of Discount - Related Party	$ 5,508	$ 760
Willy A. Saint-Hilaire [Member]
Original Note Date	Mar. 13, 2020
Mike Zaman [Member]
Original Note Date	May 01, 2020
Montse Zaman [Member]
Original Note Date	May 01, 2020
Convertible Notes Payable [Member] | Related Party [Member]
Total Convertible Related Party Notes Payable	$ 20,913
Less: Debt Discount	14,805
Convertible Notes Payable, net of Discount - Related Party	$ 5,508
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 1 [Member]
Original Note Date	Feb. 27, 2020
Interest Rate	12.00%
Conversion Rate	$ 0
Due Date	Feb. 27, 2021
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 2 [Member]
Original Note Date	Mar. 08, 2020
Interest Rate	12.00%
Conversion Rate	$ 0
Due Date	Mar. 08, 2021
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 3 [Member]
Original Note Date	Mar. 24, 2020
Interest Rate	12.00%
Conversion Rate	$ 0
Due Date	Mar. 24, 2021
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 4 [Member]
Original Note Date	Mar. 24, 2020
Interest Rate	12.00%
Due Date	Mar. 24, 2021
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire 5 [Member]
Original Note Date	Mar. 24, 2020
Interest Rate	12.00%
Conversion Rate	$ 0
Due Date	Mar. 24, 2021
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member]
Note payable	$ 19,913
Original Note Date	Sep. 29, 2020
Conversion Rate	$ 0
Due Date	Sep. 29, 2021
Convertible Notes Payable [Member] | Total Third Party Non-Convertible Notes Payable[Member]
Note payable	$ 4,000
Convertible Notes Payable [Member] | Small Business Administration - EIDL [Member]
Note payable	$ 4,000
Original Note Date	Apr. 30, 2020
Interest Rate	3.75%
Conversion Rate	$ 0
Due Date	Apr. 30, 2050
Convertible Notes Payable [Member] | Montse Zaman Two [Member]
Note payable	$ 0
Original Note Date	May 22, 2020
Interest Rate	12.00%
Conversion Rate	$ 0
Due Date	May 22, 2021
Convertible Notes Payable [Member] | Montse Zaman One [Member]
Note payable	$ 0
Original Note Date	Apr. 28, 2020
Interest Rate	12.00%
Conversion Rate	$ 0
Due Date	Apr. 28, 2021
Convertible Notes Payable [Member] | Mike Zaman [Member]
Note payable	$ 0
Original Note Date	Jan. 19, 2018
Interest Rate	12.00%
Conversion Rate	$ 0.50
Due Date	Jan. 19, 2019
Convertible Notes Payable [Member] | Montse Zaman [Member]
Note payable	$ 1,000
Original Note Date	Mar. 25, 2020
Interest Rate	12.00%
Conversion Rate	$ 0
Due Date	Mar. 25, 2021

XML

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details Narrative) - USD ($)		1 Months Ended	12 Months Ended
	Jan. 13, 2020	Jul. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	May 22, 2022	Nov. 12, 2020	Oct. 09, 2020	Sep. 29, 2020	Sep. 20, 2020	Sep. 10, 2020	Aug. 21, 2020	Apr. 28, 2020	Mar. 27, 2020	Mar. 24, 2020	Mar. 08, 2020	Feb. 27, 2020
EIDL Loan			$ 4,000	$ 0
Unamortized discount			0	0
Debt Discount			14,805
Note payable			7,357	9,985
Payments on convertible notes payable, related party			14,122	3,011
Willy A. Saint-Hilaire [Member]
Unamortized discount								$ 23,175
Convertible Notes Payable 4 [Member] | Willy A. Saint-Hilaire [Member]
Interest rate														12.00%
Note payable		$ 500												$ 500
Convertible Notes Payable [Member] | Montse Zaman Two [Member]
Interest rate					12.00%
Note payable					$ 1,500
Notes paid		800			700
Convertible Notes Payable [Member] | Montse Zaman One [Member]
Interest rate												12.00%
Note payable												$ 4,000
Pincipal reduction payment			0			$ 2,000				$ 2,000
Convertible Notes Payable [Member] | Mike Zaman [Member]
Note payable				760
Accrued interest			$ 3,503	$ 3,503
Payments on convertible notes payable, related party	$ 760
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member]
Unamortized discount									$ 23,175
Interest rate																12.00%
Note payable		14,500			19,313											$ 14,500
Accrued interest		$ 744
Monthly installments					$ 3,862
Installments description			Payable in 12 equal monthly installments of $1,931.25
Common stock issued									23,175
Common shares converted debt, shares		30,488
Conversion rate		$ 0.50
Common shares converted debt. amount		$ 15,244
Convertible Promissory Note [Member] | Montse Zaman [Member]
Interest rate													12.00%
Note payable			$ 4,000										$ 5,000
Pincipal reduction payment			$ 1,000				$ 3,000				$ 1,000
Convertible Notes Payable 1 [Member] | Willy A. Saint-Hilaire [Member]
Interest rate															12.00%
Note payable		1,581													$ 1,581
Accrued interest		$ 75
Common shares converted debt, shares		3,312
Conversion rate		$ 0.50
Common shares converted debt. amount		$ 1,656
Convertible Notes Payable 2 [Member] | Willy A. Saint-Hilaire [Member]
Interest rate														12.00%
Note payable		400												$ 400
Accrued interest		17
Convertible Notes Payable 3 [Member] | Willy A. Saint-Hilaire [Member]
Interest rate														12.00%
Note payable		652												$ 652
Accrued interest		$ 2
Common shares converted debt, shares		3,184
Common shares converted debt. amount		$ 1,592

XML

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Oct. 13, 2020	Oct. 06, 2020	Sep. 25, 2020	Sep. 21, 2020	Sep. 15, 2020	Sep. 09, 2020	Sep. 08, 2020	Sep. 02, 2020	Aug. 18, 2020	Aug. 13, 2020	Jul. 10, 2020	Jul. 01, 2020	Jun. 30, 2020	Jun. 19, 2020	Jun. 16, 2020	Jun. 12, 2020	Jun. 09, 2020	Jun. 08, 2020	Jun. 03, 2020	May 29, 2020	May 28, 2020	May 27, 2020	May 20, 2020	May 19, 2020	May 13, 2020	May 11, 2020	May 08, 2020	May 07, 2020	May 04, 2020	May 01, 2020	Apr. 28, 2020	Apr. 01, 2020	Mar. 13, 2020	Mar. 01, 2020	Feb. 13, 2020
Fair value of warrants issued	$ 283
Warrants issued to purchase common stcok	11,300,000
Warrant issuance price	$ 0.50
Shahram Khial One [Member]
Fair value of warrants issued	$ 13											$ 13
Warrants issued to purchase common stcok	500,000											500,000
Warrants exercise price	$ 0.60											$ 0.60
Warrant issuance price	$ 0.000025											$ 0.000025
Original Note Date	Jul. 10, 2020
Shahram Khial [Member]
Fair value of warrants issued	$ 13																															$ 13
Warrants issued to purchase common stcok	500,000																															500,000
Warrants exercise price	$ 0.60																															$ 0.60
Warrant issuance price	$ 0.000025																															$ 0.000025
Original Note Date	Apr. 28, 2020
Kenneth Cornell Bosket [Member]
Fair value of warrants issued	$ 25
Warrants issued to purchase common stcok	1,000,000																	1,000,000
Warrants exercise price	$ 0.60																	$ 0.60
Warrant issuance price	$ 0.000025																	$ 0.000025
Original Note Date	Jun. 09, 2020
Montse Zaman [Member]
Fair value of warrants issued	$ 25
Warrants issued to purchase common stcok	1,000,000																														1,000,000
Warrants exercise price	$ 0.60																														$ 0.60
Warrant issuance price	$ 0.000025																														$ 0.000025
Original Note Date	May 01, 2020
Mike Zaman [Member]
Fair value of warrants issued	$ 25
Warrants issued to purchase common stcok	1,000,000																														1,000,000
Warrants exercise price	$ 0.60																														$ 0.60
Warrant issuance price	$ 0.000025																														$ 0.000025
Original Note Date	May 01, 2020
Roy S Worbets [Member]
Fair value of warrants issued	$ 5															$ 5
Warrants issued to purchase common stcok	200,000															200,000
Warrants exercise price	$ 0.60															$ 0.60
Warrant issuance price	$ 0.000025															$ 0.000025
Original Note Date	Jun. 16, 2020
Ybelka Saint Hilaire [Member]
Fair value of warrants issued	$ 5																				$ 5
Warrants issued to purchase common stcok	200,000																				200,000
Warrants exercise price	$ 0.60																				$ 0.60
Warrant issuance price	$ 0.000025																				$ 0.000025
Original Note Date	May 29, 2020
Willy Rafael Saint-Hilaire [Member]
Fair value of warrants issued	$ 5																							$ 5
Warrants issued to purchase common stcok	200,000																							200,000
Warrants exercise price	$ 0.60																							$ 0.60
Warrant issuance price	$ 0.000025																							$ 0.000025
Original Note Date	May 20, 2020
Marvin A Saint-Hilaire [Member]
Fair value of warrants issued	$ 3																								$ 3
Warrants issued to purchase common stcok	100,000																								100,000
Warrants exercise price	$ 0.60																								$ 0.60
Warrant issuance price	$ 0.000025																								$ 0.000025
Original Note Date	May 19, 2020
Joan R. Saint-Hilaire [Member]
Fair value of warrants issued	$ 3																								$ 3
Warrants issued to purchase common stcok	100,000																								100,000
Warrants exercise price	$ 0.60																								$ 0.60
Warrant issuance price	$ 0.000025																								$ 0.000025
Original Note Date	May 19, 2020
Wendell and Sharon Piper [Member]
Fair value of warrants issued	$ 5																									$ 5
Warrants issued to purchase common stcok	200,000																									200,000
Warrants exercise price	$ 0.60																									$ 0.60
Warrant issuance price	$ 0.000025																									$ 0.000025
Original Note Date	May 13, 2020
Jacob Colvin [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Original Note Date	May 08, 2020
Brett Matus [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Original Note Date	May 08, 2020
Rudy Chacon [Member]
Fair value of warrants issued	$ 5																												$ 5
Warrants issued to purchase common stcok	200,000																												200,000
Warrants exercise price	$ 0.60																												$ 0.60
Warrant issuance price	$ 0.000025																												$ 0.000025
Original Note Date	May 07, 2020
Arnold F. Sock [Member]
Fair value of warrants issued	$ 13																												$ 13
Warrants issued to purchase common stcok	500,000																												500,000
Warrants exercise price	$ 0.60																												$ 0.60
Warrant issuance price	$ 0.000025																												$ 0.000025
Original Note Date	May 07, 2020
Arnulfo Saucedo-Bardan [Member]
Fair value of warrants issued	$ 25																													$ 25
Warrants issued to purchase common stcok	1,000,000																													1,000,000
Warrants exercise price	$ 0.60																													$ 0.60
Warrant issuance price	$ 0.000025																													$ 0.000025
Original Note Date	May 04, 2020
Munti Consulting LLC [Member]
Fair value of warrants issued	$ 25																																			$ 25
Warrants issued to purchase common stcok	1,000,000																																			1,000,000
Warrants exercise price	$ 0.60																																			$ 0.60
Warrant issuance price	$ 0.000025																																			$ 0.000025
Original Note Date	Feb. 13, 2020
Nasrin Montazer [Member]
Fair value of warrants issued	$ 13		$ 13
Warrants issued to purchase common stcok	500,000		500,000
Warrants exercise price	$ 0.60		$ 0.50
Warrant issuance price	$ 0.000025		$ 0.000025
Original Note Date	Oct. 06, 2020
Jagjit Dhaliwal [Member]
Fair value of warrants issued	$ 25	$ 25
Warrants issued to purchase common stcok	1,000,000	1,000,000
Warrants exercise price	$ 0.60	$ 0.50
Warrant issuance price	$ 0.000025	$ 0.000025
Original Note Date	Oct. 13, 2020
Seyed M. Javad [Member]
Fair value of warrants issued	$ 5		$ 13	$ 5
Warrants issued to purchase common stcok	200,000		500,000	200,000
Warrants exercise price	$ 0.60		$ 0.60	$ 0.60
Warrant issuance price	$ 0.000025		$ 0.000025	$ 0.000025
Original Note Date	Sep. 25, 2020
Richard W LeAndro Jr [Member]
Fair value of warrants issued	$ 13				$ 13
Warrants issued to purchase common stcok	500,000				500,000
Warrants exercise price	$ 0.60				$ 0.60
Warrant issuance price	$ 0.000025				$ 0.000025
Original Note Date	Sep. 21, 2020
Related Party [Member]
Fair value of warrants issued	$ 220
Warrants issued to purchase common stcok	9,100,000
Donald Kitt [Member]
Fair value of warrants issued	$ 5
Warrants issued to purchase common stcok	200,000
Warrants exercise price	$ 0.60
Warrant issuance price	$ 0.000025
Original Note Date	Jul. 01, 2020
Richard W LeAndro [Member]
Fair value of warrants issued	$ 13				$ 13
Warrants issued to purchase common stcok	500,000				500,000
Warrants exercise price	$ 0.60				$ 0.60
Warrant issuance price	$ 0.000025				$ 0.000025
Original Note Date	Sep. 21, 2020
Salvatore Marasa [Member]
Fair value of warrants issued	$ 5					$ 5
Warrants issued to purchase common stcok	200,000					200,000
Warrants exercise price	$ 0.60					$ 0.60
Warrant issuance price	$ 0.000025					$ 0.000025
Original Note Date	Sep. 15, 2020
Pejham Khial [Member]
Fair value of warrants issued	$ 13							$ 13
Warrants issued to purchase common stcok	500,000							500,000
Warrants exercise price	$ 0.60							$ 0.60
Warrant issuance price	$ 0.000025							$ 0.000025
Original Note Date	Sep. 08, 2020
Hongsing Phou [Member]
Fair value of warrants issued	$ 5								$ 5
Warrants issued to purchase common stcok	200,000								200,000
Warrants exercise price	$ 0.60								$ 0.60
Warrant issuance price	$ 0.000025								$ 0.000025
Original Note Date	Sep. 02, 2020
Monica Shayestehpour [Member]
Fair value of warrants issued	$ 25									$ 25
Warrants issued to purchase common stcok	1,000,000									1,000,000
Warrants exercise price	$ 0.60									$ 0.60
Warrant issuance price	$ 0.000025									$ 0.000025
Original Note Date	Aug. 18, 2020
Monireh Sepahpour [Member]
Fair value of warrants issued	$ 13										$ 13
Warrants issued to purchase common stcok	500,000										500,000
Warrants exercise price	$ 0.60										$ 0.60
Warrant issuance price	$ 0.000025										$ 0.000025
Original Note Date	Aug. 13, 2020
Theresa Kitt [Member]
Fair value of warrants issued	$ 5												$ 5
Warrants issued to purchase common stcok	200,000												200,000
Warrants exercise price	$ 0.60												$ 0.60
Warrant issuance price	$ 0.000025												$ 0.000025
Original Note Date	Jul. 01, 2020
Chris Knudsen [Member]
Fair value of warrants issued	$ 5													$ 5
Warrants issued to purchase common stcok	200,000													200,000
Warrants exercise price	$ 0.60													$ 0.60
Warrant issuance price	$ 0.000025													$ 0.000025
Original Note Date	Jun. 30, 2020
Elvis E. Saint-Hilaire [Member]
Fair value of warrants issued	$ 5														$ 5
Warrants issued to purchase common stcok	200,000														200,000
Warrants exercise price	$ 0.60														$ 0.60
Warrant issuance price	$ 0.000025														$ 0.000025
Original Note Date	Jun. 19, 2020
Violet Gewerter [Member]
Fair value of warrants issued	$ 13																$ 13
Warrants issued to purchase common stcok	500,000																500,000
Warrants exercise price	$ 0.60																$ 0.60
Warrant issuance price	$ 0.000025																$ 0.000025
Original Note Date	Jun. 12, 2020
Kim Smith [Member]
Fair value of warrants issued	$ 13																	$ 13
Warrants issued to purchase common stcok	500,000																	500,000
Warrants exercise price	$ 0.60																	$ 0.60
Warrant issuance price	$ 0.000025																	$ 0.000025
Original Note Date	Jun. 09, 2020
Hassan M. Oji [Member]
Fair value of warrants issued	$ 8																		$ 8
Warrants issued to purchase common stcok	300,000																		300,000
Warrants exercise price	$ 0.60																		$ 0.60
Warrant issuance price	$ 0.000025																		$ 0.000025
Original Note Date	Jun. 08, 2020
Jeffery Connell [Member]
Fair value of warrants issued	$ 3																			$ 3
Warrants issued to purchase common stcok	100,000																			100,000
Warrants exercise price	$ 0.60																			$ 0.60
Warrant issuance price	$ 0.000025																			$ 0.000025
Original Note Date	Jun. 03, 2020
Richard R Shehane [Member]
Fair value of warrants issued	$ 5																					$ 5
Warrants issued to purchase common stcok	200,000																					200,000
Warrants exercise price	$ 0.60																					$ 0.60
Warrant issuance price	$ 0.000025																					$ 0.000025
Original Note Date	May 28, 2020
James Bobrik [Member]
Fair value of warrants issued	$ 5																						$ 5
Warrants issued to purchase common stcok	200,000																						200,000
Warrants exercise price	$ 0.60																						$ 0.60
Warrant issuance price	$ 0.000025																						$ 0.000025
Original Note Date	May 27, 2020
Willy A. Saint-Hilaire [Member]
Fair value of warrants issued	$ 25																																	$ 25
Warrants issued to purchase common stcok	1,000,000																																	1,000,000	1,000,000
Warrants exercise price	$ 0.60																																	$ 0.60	$ 0.60
Warrant issuance price	$ 0.000025																																	$ 0.000025	$ 0.000025
Original Note Date	Mar. 13, 2020
Steven A. Fishman [Member]
Fair value of warrants issued	$ 5																									$ 5
Warrants issued to purchase common stcok	200,000																									200,000
Warrants exercise price	$ 0.60																									$ 0.60
Warrant issuance price	$ 0.000025																									$ 0.000025
Original Note Date	May 13, 2020
Mohammad Sadrolashrafi [Member]
Fair value of warrants issued	$ 5																										$ 13
Warrants issued to purchase common stcok	500,000																										500,000
Warrants exercise price	$ 0.60																										$ 0.60
Warrant issuance price	$ 0.000025						$ 0.50																				$ 0.000025
Original Note Date	May 11, 2020
Brian D. Colvin [Member]
Fair value of warrants issued	$ 25																											$ 5
Warrants issued to purchase common stcok	1,000,000																											1,000,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Original Note Date	May 08, 2020
Malcolm Ziman [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Original Note Date	May 08, 2020
Barry Cohen [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Original Note Date	May 08, 2020
Glen J. Rineer [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Original Note Date	May 08, 2020
Sadegh Salmassi [Member]
Fair value of warrants issued	$ 5																												$ 5
Warrants issued to purchase common stcok	200,000																												200,000
Warrants exercise price	$ 0.60																												$ 0.60
Warrant issuance price	$ 0.000025																												$ 0.000025
Original Note Date	May 07, 2020
Addicted 2 Marketing LLC [Member]
Fair value of warrants issued	$ 3																																$ 3
Warrants issued to purchase common stcok	100,000																																100,000
Warrants exercise price	$ 0.60																																$ 0.60
Warrant issuance price	$ 0.000025																																$ 0.000025
Original Note Date	Apr. 01, 2020
BBCKQK Trust Kevin Wiltz [Member]
Fair value of warrants issued	$ 25																																	$ 25
Warrants issued to purchase common stcok	1,000,000																																	1,000,000
Warrants exercise price	$ 0.60																																	$ 0.60
Warrant issuance price	$ 0.000025																																	$ 0.000025
Original Note Date	Mar. 13, 2020

XML

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Oct. 13, 2020	Oct. 06, 2020	Sep. 25, 2020	Sep. 21, 2020	Sep. 15, 2020	Sep. 09, 2020	Sep. 08, 2020	Sep. 02, 2020	Aug. 18, 2020	Aug. 13, 2020	Jul. 10, 2020	Jul. 01, 2020	Jun. 30, 2020	Jun. 19, 2020	Jun. 16, 2020	Jun. 12, 2020	Jun. 09, 2020	Jun. 08, 2020	Jun. 03, 2020	May 29, 2020	May 28, 2020	May 27, 2020	May 20, 2020	May 19, 2020	May 13, 2020	May 11, 2020	May 08, 2020	May 07, 2020	May 04, 2020	Apr. 28, 2020	Apr. 01, 2020	Mar. 13, 2020	Mar. 01, 2020	Feb. 13, 2020	Jan. 01, 2020
Fair value of warrants issued	$ 283
Warrants issued to purchase common stcok	11,300,000
Warrant issuance price	$ 0.50
Automobile lease [Member]
Monthly payment	$ 395
Munti Consulting LLC [Member]
Fair value of warrants issued	$ 25																																		$ 25
Warrants issued to purchase common stcok	1,000,000																																		1,000,000
Warrants exercise price	$ 0.60																																		$ 0.60
Warrant issuance price	$ 0.000025																																		$ 0.000025
Shahram Khial One [Member]
Fair value of warrants issued	$ 13											$ 13
Warrants issued to purchase common stcok	500,000											500,000
Warrants exercise price	$ 0.60											$ 0.60
Warrant issuance price	$ 0.000025											$ 0.000025
Roy S Worbets [Member]
Fair value of warrants issued	$ 5															$ 5
Warrants issued to purchase common stcok	200,000															200,000
Warrants exercise price	$ 0.60															$ 0.60
Warrant issuance price	$ 0.000025															$ 0.000025
Ybelka Saint Hilaire [Member]
Fair value of warrants issued	$ 5																				$ 5
Warrants issued to purchase common stcok	200,000																				200,000
Warrants exercise price	$ 0.60																				$ 0.60
Warrant issuance price	$ 0.000025																				$ 0.000025
Willy Rafael Saint-Hilaire [Member]
Fair value of warrants issued	$ 5																							$ 5
Warrants issued to purchase common stcok	200,000																							200,000
Warrants exercise price	$ 0.60																							$ 0.60
Warrant issuance price	$ 0.000025																							$ 0.000025
Marvin A Saint-Hilaire [Member]
Fair value of warrants issued	$ 3																								$ 3
Warrants issued to purchase common stcok	100,000																								100,000
Warrants exercise price	$ 0.60																								$ 0.60
Warrant issuance price	$ 0.000025																								$ 0.000025
Joan R. Saint-Hilaire [Member]
Fair value of warrants issued	$ 3																								$ 3
Warrants issued to purchase common stcok	100,000																								100,000
Warrants exercise price	$ 0.60																								$ 0.60
Warrant issuance price	$ 0.000025																								$ 0.000025
Wendell and Sharon Piper [Member]
Fair value of warrants issued	$ 5																									$ 5
Warrants issued to purchase common stcok	200,000																									200,000
Warrants exercise price	$ 0.60																									$ 0.60
Warrant issuance price	$ 0.000025																									$ 0.000025
Jacob Colvin [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Brett Matus [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Rudy Chacon [Member]
Fair value of warrants issued	$ 5																												$ 5
Warrants issued to purchase common stcok	200,000																												200,000
Warrants exercise price	$ 0.60																												$ 0.60
Warrant issuance price	$ 0.000025																												$ 0.000025
Arnold F. Sock [Member]
Fair value of warrants issued	$ 13																												$ 13
Warrants issued to purchase common stcok	500,000																												500,000
Warrants exercise price	$ 0.60																												$ 0.60
Warrant issuance price	$ 0.000025																												$ 0.000025
Shahram Khial [Member]
Fair value of warrants issued	$ 13																														$ 13
Warrants issued to purchase common stcok	500,000																														500,000
Warrants exercise price	$ 0.60																														$ 0.60
Warrant issuance price	$ 0.000025																														$ 0.000025
Arnulfo Saucedo-Bardan [Member]
Fair value of warrants issued	$ 25																													$ 25
Warrants issued to purchase common stcok	1,000,000																													1,000,000
Warrants exercise price	$ 0.60																													$ 0.60
Warrant issuance price	$ 0.000025																													$ 0.000025
Website development, design maintenance and other IT services																																				$ 5,000
Payment period	Monthly
Kim Smith [Member]
Fair value of warrants issued	$ 13																	$ 13
Warrants issued to purchase common stcok	500,000																	500,000
Warrants exercise price	$ 0.60																	$ 0.60
Warrant issuance price	$ 0.000025																	$ 0.000025
Theresa Kitt [Member]
Fair value of warrants issued	$ 5												$ 5
Warrants issued to purchase common stcok	200,000												200,000
Warrants exercise price	$ 0.60												$ 0.60
Warrant issuance price	$ 0.000025												$ 0.000025
Theresa Kitt [Member] | July 1, 2020 [Member]
Fair value of warrants issued	$ 5												$ 5
Warrants issued to purchase common stcok	200,000
Warrants exercise price	$ 0.60
Warrant issuance price	$ 0.000025
Donald Kitt [Member]
Fair value of warrants issued	$ 5
Warrants issued to purchase common stcok	200,000
Warrants exercise price	$ 0.60
Warrant issuance price	$ 0.000025
Donald Kitt [Member] | July 1, 2020 [Member]
Fair value of warrants issued	$ 5
Warrants issued to purchase common stcok	200,000
Warrants exercise price	$ 0.60
Warrant issuance price	$ 0.000025
Nasrin Montazer [Member]
Fair value of warrants issued	$ 13		$ 13
Warrants issued to purchase common stcok	500,000		500,000
Warrants exercise price	$ 0.60		$ 0.50
Warrant issuance price	$ 0.000025		$ 0.000025
Jagjit Dhaliwal [Member]
Fair value of warrants issued	$ 25	$ 25
Warrants issued to purchase common stcok	1,000,000	1,000,000
Warrants exercise price	$ 0.60	$ 0.50
Warrant issuance price	$ 0.000025	$ 0.000025
Seyed M. Javad [Member]
Fair value of warrants issued	$ 5		$ 13	$ 5
Warrants issued to purchase common stcok	200,000		500,000	200,000
Warrants exercise price	$ 0.60		$ 0.60	$ 0.60
Warrant issuance price	$ 0.000025		$ 0.000025	$ 0.000025
Richard W LeAndro Jr [Member]
Fair value of warrants issued	$ 13				$ 13
Warrants issued to purchase common stcok	500,000				500,000
Warrants exercise price	$ 0.60				$ 0.60
Warrant issuance price	$ 0.000025				$ 0.000025
Richard W LeAndro [Member]
Fair value of warrants issued	$ 13				$ 13
Warrants issued to purchase common stcok	500,000				500,000
Warrants exercise price	$ 0.60				$ 0.60
Warrant issuance price	$ 0.000025				$ 0.000025
Salvatore Marasa [Member]
Fair value of warrants issued	$ 5					$ 5
Warrants issued to purchase common stcok	200,000					200,000
Warrants exercise price	$ 0.60					$ 0.60
Warrant issuance price	$ 0.000025					$ 0.000025
Pejham Khial [Member]
Fair value of warrants issued	$ 13							$ 13
Warrants issued to purchase common stcok	500,000							500,000
Warrants exercise price	$ 0.60							$ 0.60
Warrant issuance price	$ 0.000025							$ 0.000025
Hongsing Phou [Member]
Fair value of warrants issued	$ 5								$ 5
Warrants issued to purchase common stcok	200,000								200,000
Warrants exercise price	$ 0.60								$ 0.60
Warrant issuance price	$ 0.000025								$ 0.000025
Monica Shayestehpour [Member]
Fair value of warrants issued	$ 25									$ 25
Warrants issued to purchase common stcok	1,000,000									1,000,000
Warrants exercise price	$ 0.60									$ 0.60
Warrant issuance price	$ 0.000025									$ 0.000025
Monireh Sepahpour [Member]
Fair value of warrants issued	$ 13										$ 13
Warrants issued to purchase common stcok	500,000										500,000
Warrants exercise price	$ 0.60										$ 0.60
Warrant issuance price	$ 0.000025										$ 0.000025
Chris Knudsen [Member]
Fair value of warrants issued	$ 5													$ 5
Warrants issued to purchase common stcok	200,000													200,000
Warrants exercise price	$ 0.60													$ 0.60
Warrant issuance price	$ 0.000025													$ 0.000025
Elvis E. Saint-Hilaire [Member]
Fair value of warrants issued	$ 5														$ 5
Warrants issued to purchase common stcok	200,000														200,000
Warrants exercise price	$ 0.60														$ 0.60
Warrant issuance price	$ 0.000025														$ 0.000025
Violet Gewerter [Member]
Fair value of warrants issued	$ 13																$ 13
Warrants issued to purchase common stcok	500,000																500,000
Warrants exercise price	$ 0.60																$ 0.60
Warrant issuance price	$ 0.000025																$ 0.000025
Hassan M. Oji [Member]
Fair value of warrants issued	$ 8																		$ 8
Warrants issued to purchase common stcok	300,000																		300,000
Warrants exercise price	$ 0.60																		$ 0.60
Warrant issuance price	$ 0.000025																		$ 0.000025
Jeffery Connell [Member]
Fair value of warrants issued	$ 3																			$ 3
Warrants issued to purchase common stcok	100,000																			100,000
Warrants exercise price	$ 0.60																			$ 0.60
Warrant issuance price	$ 0.000025																			$ 0.000025
Richard R Shehane [Member]
Fair value of warrants issued	$ 5																					$ 5
Warrants issued to purchase common stcok	200,000																					200,000
Warrants exercise price	$ 0.60																					$ 0.60
Warrant issuance price	$ 0.000025																					$ 0.000025
James Bobrik [Member]
Fair value of warrants issued	$ 5																						$ 5
Warrants issued to purchase common stcok	200,000																						200,000
Warrants exercise price	$ 0.60																						$ 0.60
Warrant issuance price	$ 0.000025																						$ 0.000025
Steven A. Fishman [Member]
Fair value of warrants issued	$ 5																									$ 5
Warrants issued to purchase common stcok	200,000																									200,000
Warrants exercise price	$ 0.60																									$ 0.60
Warrant issuance price	$ 0.000025																									$ 0.000025
Mohammad Sadrolashrafi [Member]
Fair value of warrants issued	$ 5																										$ 13
Warrants issued to purchase common stcok	500,000																										500,000
Warrants exercise price	$ 0.60																										$ 0.60
Warrant issuance price	$ 0.000025						$ 0.50																				$ 0.000025
Brian D. Colvin [Member]
Fair value of warrants issued	$ 25																											$ 5
Warrants issued to purchase common stcok	1,000,000																											1,000,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Malcolm Ziman [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Barry Cohen [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Glen J. Rineer [Member]
Fair value of warrants issued	$ 5																											$ 5
Warrants issued to purchase common stcok	200,000																											200,000
Warrants exercise price	$ 0.60																											$ 0.60
Warrant issuance price	$ 0.000025																											$ 0.000025
Sadegh Salmassi [Member]
Fair value of warrants issued	$ 5																												$ 5
Warrants issued to purchase common stcok	200,000																												200,000
Warrants exercise price	$ 0.60																												$ 0.60
Warrant issuance price	$ 0.000025																												$ 0.000025
Addicted 2 Marketing LLC [Member]
Fair value of warrants issued	$ 3																															$ 3
Warrants issued to purchase common stcok	100,000																															100,000
Warrants exercise price	$ 0.60																															$ 0.60
Warrant issuance price	$ 0.000025																															$ 0.000025
BBCKQK Trust Kevin Wiltz [Member]
Fair value of warrants issued	$ 25																																$ 25
Warrants issued to purchase common stcok	1,000,000																																1,000,000
Warrants exercise price	$ 0.60																																$ 0.60
Warrant issuance price	$ 0.000025																																$ 0.000025
Willy A. Saint-Hilaire [Member]
Fair value of warrants issued	$ 25																																$ 25
Warrants issued to purchase common stcok	1,000,000																																1,000,000	1,000,000
Warrants exercise price	$ 0.60																																$ 0.60	$ 0.60
Warrant issuance price	$ 0.000025																																$ 0.000025	$ 0.000025

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 09, 2020	Jan. 13, 2020	Jul. 31, 2010	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Sep. 29, 2020	Sep. 20, 2020	Sep. 14, 2020	Jul. 31, 2020	Jul. 10, 2020	Jul. 01, 2020	Jun. 09, 2020	May 29, 2020	May 20, 2020	May 19, 2020	May 11, 2020	May 08, 2020	May 04, 2020	May 01, 2020	Apr. 28, 2020	Mar. 13, 2020	Mar. 01, 2020	Jan. 29, 2020	Jan. 01, 2020
Revenue					$ 5,100
Stock issued for services					18,757
Accounts payable for settlement					64,024
Settlement of debt with related parties					426,987
Convertible Notes Payable - Related Party					5,508	$ 760
Accounts payable and accrued expenses to related party					444,246	80,664
Deferred Revenue - related party					11,333	0
Payments on convertible notes payable, related party					14,122	3,011
Forgiveness of interest, related party					$ 0	9,282
Options issued to purchase common stock					11,300,000
Share price					$ 0.50
Debt discount					$ 0	$ 0
Fair value of warrants issued					$ 283
Willy A. Saint-Hilaire [Member]
Convertible notes payable							$ 23,175
Options issued to purchase common stock					1,000,000																	1,000,000	1,000,000
Share price					$ 0.000025																	$ 0.000025	$ 0.000025
Options exercise price					$ 0.60																	$ 0.60	$ 0.60
Services received																								$ 100
Debt discount							$ 23,175
Shares issued upon conversion							23,175
Fair value of warrants issued					$ 25																	$ 25
Mohammad Sadrolashrafi [Member]
Options issued to purchase common stock					500,000												500,000
Share price	$ 0.50				$ 0.000025												$ 0.000025
Options exercise price					$ 0.60												$ 0.60
Common stock purchased shares, Shares	30,000
Common stock purchased shares, Amount	$ 15,000
Fair value of warrants issued					$ 5												$ 13
Theresa Kitt [Member]
Options issued to purchase common stock					200,000							200,000
Share price					$ 0.000025							$ 0.000025
Options exercise price					$ 0.60							$ 0.60
Fair value of warrants issued					$ 5							$ 5
Brian Colvin [Member]
Options issued to purchase common stock																		1,000,000
Share price																		$ 0.000025
Options exercise price																		$ 0.60
Malcolm Ziman [Member]
Options issued to purchase common stock					200,000													200,000
Share price					$ 0.000025													$ 0.000025
Options exercise price					$ 0.60													$ 0.60
Fair value of warrants issued					$ 5													$ 5
American Video Teleconferencing Corp (AVOT) [Member]
Services received									$ 150
Services Agreement [Member] | American Video Teleconferencing Corp (AVOT) [Member] | September 1, 2020 [Member]
Deferred Revenue - related party					$ 11,337
Restricted shares of common stock					17,000,000
Total compensation					$ 17,000
Recognized revenue					5,663
Stock for related party service rendered					$ 17,000
Note Conversion Agreement [Member] | Willy A. Saint-Hilaire [Member]
Convertible notes payable			$ 17,633
Debt interest			$ 859
Shares issued upon conversion			36,984
Conversion Price per share			$ 0.50
Mike Zaman [Member]
Options issued to purchase common stock					1,000,000															1,000,000
Share price					$ 0.000025															$ 0.000025
Options exercise price					$ 0.60															$ 0.60
Managerial services																									$ 20,000
Fair value of warrants issued					$ 25
Shahram Khial One [Member]
Options issued to purchase common stock					500,000						500,000
Share price					$ 0.000025						$ 0.000025
Options exercise price					$ 0.60						$ 0.60
Fair value of warrants issued					$ 13						$ 13
Ybelka Saint Hilaire [Member]
Options issued to purchase common stock					200,000									200,000
Share price					$ 0.000025									$ 0.000025
Options exercise price					$ 0.60									$ 0.60
Fair value of warrants issued					$ 5									$ 5
Willy Rafael Saint-Hilaire [Member]
Options issued to purchase common stock					200,000										200,000
Share price					$ 0.000025										$ 0.000025
Options exercise price					$ 0.60										$ 0.60
Fair value of warrants issued					$ 5										$ 5
Marvin A Saint-Hilaire [Member]
Options issued to purchase common stock					100,000											100,000
Share price					$ 0.000025											$ 0.000025
Options exercise price					$ 0.60											$ 0.60
Fair value of warrants issued					$ 3											$ 3
Joan R. Saint-Hilaire [Member]
Options issued to purchase common stock					100,000											100,000
Share price					$ 0.000025											$ 0.000025
Options exercise price					$ 0.60											$ 0.60
Fair value of warrants issued					$ 3											$ 3
Brett Matus [Member]
Options issued to purchase common stock					200,000													200,000
Share price					$ 0.000025													$ 0.000025
Options exercise price					$ 0.60													$ 0.60
Fair value of warrants issued					$ 5													$ 5
Jacob Colvin [Member]
Options issued to purchase common stock					200,000													200,000
Share price					$ 0.000025													$ 0.000025
Options exercise price					$ 0.60													$ 0.60
Fair value of warrants issued					$ 5													$ 5
Arnulfo Saucedo-Bardan [Member]
Options issued to purchase common stock					1,000,000														1,000,000
Share price					$ 0.000025														$ 0.000025
Options exercise price					$ 0.60														$ 0.60
Fair value of warrants issued					$ 25														$ 25
Shahram Khial [Member]
Options issued to purchase common stock					500,000																500,000
Share price					$ 0.000025																$ 0.000025
Options exercise price					$ 0.60																$ 0.60
Fair value of warrants issued					$ 13																$ 13
Kenneth Cornell Bosket [Member]
Options issued to purchase common stock					1,000,000								1,000,000
Share price					$ 0.000025								$ 0.000025
Options exercise price					$ 0.60								$ 0.60
Managerial services																									5,000
Fair value of warrants issued					$ 25
Montse Zaman [Member]
Options issued to purchase common stock					1,000,000															1,000,000
Share price					$ 0.000025															$ 0.000025
Options exercise price					$ 0.60															$ 0.60
Managerial services																									$ 5,000
Fair value of warrants issued					$ 25
Convertible Notes Payable [Member]
Share price					$ 1.00
Convertible Notes Payable [Member] | Willy A. Saint-Hilaire [Member]
Conversion Price per share										$ 0.50
Debt discount								$ 23,175
Convertible Notes Payable [Member] | Mike Zaman [Member]
Payments on convertible notes payable, related party		$ 760
Forgiveness of interest, related party				$ 7,200

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STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Common stock shares issued for cash, shares	472,000
Share price	$ 0.50
Proceeds from issuance of common shares	$ 243,500
Options issued to purchase common stock	11,300,000
Common stock, shares authorized	450,000,000	450,000,000
Preferred stock, authorized shares	20,000,000	20,000,000
Preferred stock, shares outstanding	0	0
2006 Equity Incentive Plan [Member]
Options issued to purchase common stock	3,000,000
Common stock, shares authorized	3,000,000
Non-qualified stock options [Member]
Options issued to purchase common stock	3,000,000
Options exercise price	$ 0.60
Steven Cantor [Member]
Shares issued upon settlement of compensation, shares	160,000
Vinoth Sambandan [Member]
Shares issued upon settlement of stock payable, shares	140,083
Common stock shares issued for services, shares	15,978
Shares issued upon settlement of account payable, shares	204,933
Third Party [Member]
Common stock shares issued for services, shares	4,934
Shares issued upon settlement of account payable, shares	74,000
Series A Convertible Perferred Stock [Member] | Willy A Saint-Hilaire [Member]
Conversion of Note Payable into shares	36,984
Conversion rate	$ 0.50
Shares issued upon interest prepayment of Note Payable	$ 23,175
Series A Preferred Stock [Member]
Preferred stock, authorized shares	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000
Convertible Notes Payable [Member]
Common stock shares issued for cash, shares	3,000
Share price	$ 1.00
Proceeds from issuance of common shares	$ 3,000

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INCOME TAXES (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES
Net operating loss	$ 661,701	$ 416,916
Valuation allowance	(661,701)	(416,916)
Net deferred tax asset	$ 0	$ 0

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INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES
Net operating loss carry forward	$ 3,150,957	$ 1,985,312
Corporate tax rate	21.00%
Description of expiration of operating loss carryforwards	Expire in the year 2032

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SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Mar. 12, 2021	Feb. 01, 2021	Jan. 15, 2021	Jan. 03, 2021	Dec. 31, 2020
Share price					$ 0.50
Subsequent [Member] | Diversified Unlimited [Member]
Common stock shares issued for services			1,286
Share price			$ 1.75
Subsequent [Member] | Willy A Saint-Hilaire [Member]
promissory note issued	$ 9,333
Interest rate	16.00%
Subsequent Event [Member] | Vinoth Sambandan [Member]
Share price		$ 1.50
Shares issued upon settlement of account payable, shares		11,504
Subsequent Event [Member] | Marjan Tina and Reno Suwarno [Member]
Share price				$ 0.000025
Warrant issued, upon purchase of common stock shares				1,000,000
Warrant issued, Exercise price				$ 0.60