10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended June 30, 2024

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

For the transition period from ___________ to ___________

Commission File No. 333-216180

CRONA CORP.

 (Exact name of registrant as specified in its charter)

Wyoming	7380	EIN 35-2574778
(State or Other Jurisdiction of Incorporation or Organization)	(Primary Standard Industrial Classification Number)	(IRS Employer Identification Number)

422 Richards Street, Unit 170

Vancouver, BC V6B 2Z4

Tel: (888) 998-9449

 (Address and telephone number of principal executive offices)

Securities registered under Section 12(b) of the Exchange Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common stock	CCCP	OTC Pink

Securities registered under Section 12(g) of the Exchange Act:

None

Indicate by check mark whether the registrant is a well-known 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 15(d) 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 Securities Exchange Act of 1934 during the preceding 12 months (or for shorter period that the registrant as required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒     No ☐

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

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	☐	Smaller reporting company	☒
Accelerated filer	☐	Emerging growth company	☐
Non-accelerated Filer	☒

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 Section 7(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 ☒

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 6,087,500 common shares issued and outstanding as of October 3, 2024.

TABLE OF CONTENTS

PART I	FINANCIAL INFORMATION:	3
Item 1.	Financial Statements	3
	Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023	4
	Statements of Operations for the three and six months ended June 30, 2024, and 2023 (Unaudited)	5
	Statements of Stockholders’ Deficit for the three and six months ended June 30, 2024, and 2023 (Unaudited)	6
	Statements of Cash Flows for the three and six months ended June 30, 2024, and 2023 (Unaudited)	7
	Notes to the Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17
Item 4.	Controls and Procedures	18
PART II	OTHER INFORMATION:	19
Item 1.	Legal Proceedings	19
Item 1A.	Risk Factors	19
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	19
Item 3.	Defaults Upon Senior Securities	19
Item 4.	Submission of Matters to a Vote of Securities Holders	19
Item 5.	Other Information	19
Item 6.	Exhibits	20
	Signatures	21

2

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

The accompanying interim financial statements of Crona Corp. (“the Company”, “we”, “us” or “our”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations.

The interim financial statements should be read in conjunction with the Company’s latest annual financial statements.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

3

CRONA CORP.
BALANCE SHEETS
	June 30, 2024 (Unaudited)			December 31, 2023 (Audited)
ASSETS
Current Assets
Prepaid expenses	$	-		$	255
Total Current Assets		-			255
Long-term Assets
Intangible asset, net		37,510			50,013
Property, plant and equipment, net		16,310			18,550
Total Long-term Assets		53,820			68,563
Total Assets	$	53,820		$	68,818
LIABILITIES AND STOCKHOLDERS’ (DEFICIT)
Liabilities
Current Liabilities
Accounts payable	$	8,231		$	2,544
Accrued expenses		2,000			2,000
Interest payable		32,655			21,258
Related party advances		15,503			4,503
Convertible notes payable, net of discount		132,500			130,637
Total Current Liabilities		190,889			160,942
Promissory note, related party		100,000			100,000
Total Long-Term Liabilities		100,000			100,000
Total Liabilities		290,889			260,942
Commitments and contingencies (Note 6)
Stockholders’ (Deficit)
Preferred stock, par value $0.00001 10,000,000 shares authorized, 5,000,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023		50			50
Common stock, par value $0.001; 1,000,000,000 shares authorized, 6,587,500 shares and 6,587,500 shares issued and outstanding as of June 30, 2024  and December 31, 2023 respectively		6,588			6,588
Additional paid in capital		31,853			31,853
Accumulated other comprehensive loss		(188	)		(188	)
Accumulated deficit		(275,372	)		(230,427	)
Total Stockholders’ (Deficit)		(237,069	)		(192,124	)
Total Liabilities and Stockholders’ (Deficit)	$	53,820		$	68,818
See accompanying notes to unaudited financial statements.

4

CRONA CORP.
STATEMENTS OF OPERATIONS (Unaudited)
	For the three months ended			For the three months ended			For the six months ended			For the six months ended
	June 30,			June 30,			June 30,			June 30,
	2024			2023			2024			2023
REVENUES	$	-		$	-		$	-		$	-
OPERATING EXPENSES
Amortization on convertible promissory note		-			4,238			1,863			6,567
Depreciation and amortization expense		7,371			7,950			14,743			15,898
General and administrative expenses		2,043			7,503			3,942			10,734
Professional fees		12,000			15,534			13,000			108,352
TOTAL OPERATING EXPENSES		21,414			35,225			33,548			141,551
OTHER INCOME (EXPENSE)
Interest expenses		(5,693	)		(3,979	)		(11,397	)		(7,891	)
TOTAL OTHER INCOME (EXPENSE)		(5,693	)		(3,979	)		(11,397	)		(7,891	)
NET GAIN / (LOSS) FROM OPERATIONS		(27,107	)		(39,204	)		(44,945	)		(149,442	)
PROVISION FOR INCOME TAXES		-			-			-			-
NET GAIN/ (LOSS)	$	(27,107	)	$	(39,204	)	$	(44,945	)	$	(149,442	)
OTHER COMPREHENSIVE LOSS
Foreign Currency Translation Adjustment					(160	)					(197	)
COMPREHENSIVE GAIN/ (LOSS)		(27,107	)		(39,364	)		(44,945	)		(149,639	)
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.01	)	$	(0.01	)	$	(0.02	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		6,176,541			6,087,500			6,176,541			6,087,500
See accompanying notes to unaudited financial statements.

5

CRONA CORP.
STATEMENTS OF STOCKHOLDERS’ (DEFICIT)
For the three and six months ended June 30, 2023 and 2024 (Unaudited)
	Preferred Series A				Common Stock				Additional Paid-in		Accumulated			Other Comprehensive			Total Stockholders’ (Deficit)
	Shares		Amount		Shares		Amount		Capital		Deficit			Loss			Equity
Balance, December 31, 2022		-	$	-		6,087,500	$	6,088	$	31,403	$	(36,801	)	$	-		$	690
Foreign currency translation adjustment															(37	)		(37	)
Net loss		-		-		-		-		-		(110,239	)		-			(110,239	)
Balance, March 31, 2023		-	$	-		6,087,500	$	6,088	$	31,403	$	(147,040	)	$	(37	)	$	(109,586	)
Balance, March 31, 2023		-	$	-		6,087,500	$	6,088	$	31,403	$	(147,040	)	$	(37	)	$	(109,586	)
Shares issued for services		5,000,000		50						450								500
Foreign currency translation adjustment															(160	)		(160	)
Net loss												(39,204	)					(39,204	)
Balance, June 30, 2023		5,000,000	$	50		6,087,500	$	6,088		31,853		(186,244	)		(197	)		(148,450	)
Balance, December 31, 2023		5,000,000	$	50		6,587,500	$	6,588		31,853		(230,427	)		(188	)		(192,124	)
Net loss		-		-		-		-		-		(17,838	)		-			(17,838	)
Balance, March 31, 2024		5,000,000	$	50		6,587,500	$	6,588	$	31,853	$	(248,265	)	$	(188	)	$	(209,962	)
Balance, March 31, 2024		5,000,000	$	50		6,587,500	$	6,588	$	31,853	$	(248,265	)	$	(188	)	$	(209,962	)
Net loss		-		-		-		-		-		(27,107	)		-			(27,107	)
Balance, June 30, 2024		5,000,000	$	50		6,587,500	$	6,588	$	31,853	$	(275,372	)	$	(188	)	$	(237,069	)
See accompanying notes to unaudited financial statements.

6

CRONA CORP.

STATEMENTS OF CASH FLOWS

(Unaudited) 

	For the six months ended June 30, 2024			For the six months ended June 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(44,945	)	$	(149,442	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization expenses		12,503			12,503
Depreciation expenses		2,240			3,395
Amortization of discount on promissory note		1,863			6,567
Share based compensation		-			500
Changes in operating assets and liabilities:
Prepaid expenses		255			743
Interest payable on convertible promissory note		11,397			7,891
Accounts payable		5,687			481
Accrued expenses		-			(1,500	)
NET CASH USED IN OPERATING ACTIVITIES		(11,000	)		(118,862	)
CASH FLOWS FROM INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
Convertible promissory note issued		-			116,000
Advances from related party		11,000			5,779
Repayment to related party		-			(2,381	)
NET CASH FROM FINANCING ACTIVITIES		11,000			119,398
NET INCREASE (DECREASE) IN CASH		-			536
Effects of currency translation on cash		-			(197	)
Cash, beginning of period		-			-
Cash, end of period	$	-		$	339
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-
NON-CASH FINANCING AND INVESTING ACTIVITIES:
See accompanying notes to unaudited financial statements.

7

Crona Corp.

NOTES TO THE FINANCIAL STATEMENTS

June 30, 2024

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

Crona Corp. (“the Company”) was incorporated in the State of Nevada on October 6, 2016. On February 3, 2023 the Company filed Articles of Continuance with the Secretary of State in the State of Wyoming pursuant to which the Company re-domiciled from the State of Nevada to the State of Wyoming. Effective June 22, 2023, the Company’s new address is 304 South Jones Blvd. #7356, Las Vegas, Nevada 89107. We are in the memorialization industry, serving our customers in cemetery and funeral industries. We provide a range of high-quality memorial products including funeral caskets

Note 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles (“GAAP”), which contemplate the continuation of the Company as a going concern. The Company generated no revenues through June 30, 2024. The Company currently has accumulated losses of $275,372 as of June 30, 2024, and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

Note 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

Basis of presentation

The accompanying financial statements have been prepared in accordance with GAAP. The Company’s year-end is December 31.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

8

Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. An entity must also disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative information about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with ASC 260 “Earnings per share”. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of June 30, 2024, there were no potentially dilutive debt or equity instruments issued or outstanding.

Property and Equipment

Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterment that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over the following estimated useful lives of the related assets.

	Useful life
	Minimum	Maximum
Equipment	10 Months	15 Years

Intangible assets

Intangible assets consist of contracts acquired in an asset purchase agreement (see Note 4). The estimated useful life of these assets was determined to be 3 years. The Company periodically evaluates the reasonableness of the useful lives of these assets. Once these assets are fully amortized, they are removed from the accounts. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. The Company has no intangibles with indefinite lives.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of a long-lived asset, management evaluates whether the estimated future undiscounted net cash flows from the asset are less than its carrying amount. If impairment is indicated, the long-lived asset would be written down to fair value. Fair value is determined by an evaluation of available price information at which assets could be bought or sold, including quoted market prices, if available, or the present value of the estimated future cash flows based on reasonable and supportable assumptions.

9

Leases

The Company accounts for leases in accordance with Accounting Standards Update (“ASU”) No. 2016-02, “Leases”. Under this guidance, lessees (including lessees under leases classified as finance leases, which are to be classified based on criteria similar to that applicable to capital leases under current guidance, and leases classified as operating leases) will recognize a right-to-use asset and a lease liability on the balance sheet, initially measured as the present value of lease payments under the lease. The guidance permits companies to make an accounting policy election not to apply the recognition provisions of the guidance to short term leases (leases with a lease term of 12 months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise). If this election is made, lease payments under short term leases will be recognized on a straight-line basis over the lease term. The Company has elected not to apply the standard to short-term leases.

Recent Accounting Pronouncements

There have been no recent accounting pronouncements or changes in accounting pronouncements during the six months ended June 30, 2024, that are of significance or potential significance to the Company.

Note 4 – ASSET AQUISITION

On December 29, 2022, the Company entered into an Asset Purchase Agreement with Zeroblast Services Ltd. (Seller), a related party, to acquire all business assets of the Seller, which included equipment and intangible assets. Seller will also convey any and all contracts that it has with its current customers, written, oral or otherwise (the intangible assets). Consideration for the asset acquisition is a cash payment of 100,000 ($24,980 for the equipment and $75,020 for the intangible asset). The payment shall be in the form of a Promissory Note due on or before December 29, 2024. This note bears interest at 7% per annum, however if the note is fully repaid within twelve (12) months interest is waived. At any time during the first twelve (12) months the note can be reopened for either an extension or renegotiation of the terms of the note.

Promissory Note

	As of June 30, 2024
	Face value		Accrued Interest
Promissory Note	$	100,000	$	10,538
Total	$	100,000	$	10,538

	As of December 31, 2023
	Face value		Accrued Interest
Promissory Note	$	100,000	$	7,058
Total	$	100,000	$	7,058

Accrued Interest as of June 30, 2024, is $10,538 and December 31, 2023, is $7,058. Promissory note payable is $100,000 and $100,000 as of June 30, 2024, and December 31, 2023.

Total interest expenses of $ 3,481 and $0 for the six months ended June 30, 2024, and 2023.

10

Note 5 – PROPERTY PLANT & EQUIPMENT

The Company’s Property plant and equipment as of June 30, 2024, and December 31, 2023, are as follows

	June 30, 2024			December 31, 2023
Property, plant and equipment, gross	$	24,980		$	24,980
Less: Depreciation		(8,670	)		(6,430	)
Property, plant and equipment, net		16,310			18,550

Total depreciation expenses for the for the six months ended June 30, 2024, and 2023, were $2,240 and $ 3,395, respectively.

Note 6 – INTANGIBLE ASSETS

The Company’s intangible assets as of June 30, 2024, and December 31, 2023, are as follows:

	June 30, 2024			December 31, 2023
Intangible assets, gross	$	75,020		$	75,020
Less: Amortization		(37,510	)		(25,007	)
Intangible assets, net	$	37,510		$	50,013

Total amortization expenses for the six months ended June 30, 2024, and 2023, were $12,503 and $12,503 respectively.

Note 7 – CONVERTIBLE PROMISSORY NOTE

On February 09, 2023, the Company issued a convertible promissory note (the “February 2023 Note”) at a face value of $133,000 to a third party at an interest rate of 12% per annum. Net proceeds received against the promissory note are $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue with a conversion price of $0.10.

	As of June 30, 2024
	Face value		Discount on Promissory Note		Net payable		Accrued Interest
Convertible Promissory Note	$	132,500	$	0	$	132,500	$	22,117
Total	$	132,500	$	0	$	132,500	$	22,117

	As of December 31, 2023
	Face value		Discount on Promissory Note			Net payable		Accrued Interest
Convertible Promissory Note	$	133,000	$	(1,863	)	$	130,637	$	14,200
Less: Common Stock Issued	$	500
Total	$	132,500	$	(1,863	)	$	130,637	$	14,200

11

On October 27, 2023, 500,000 shares of common stock were issued at a rate of $0.001 to settle the promissory note value of $500.

Accrued Interest as of June 30, 2024, is $22,117 and December 31, 2023, is $ 14,200. The promissory note payable is $ 132,500 and $130,637 as of June 30, 2024, and December 31, 2023.

Total interest expenses of $7,917 and $7,891 for the six months ended June 30, 2024, and 2023.

Note 8 – RELATED PARTY TRANSACTIONS

On December 29, 2022, the Company entered into a promissory Note with a related party, Zeroblast Services Ltd. (Seller). The Promissory Note is entered into as an exchange for all business assets of the Seller at $100,000. The sum of $100,000 is due on or before December 29, 2024. This note bears interest at 7% per annum. As of June 30, 2024, and December 31, 2023, interest payable totaled $10,538  and $7,058, respectively.

During the year 2022, president & CEO Chris Brown advanced to the Company $221 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

During the three months ended March 31, 2023, president & CEO Chris Brown advanced to the Company $4,937 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

During the three months ended March 31, 2023, the company, repaid $829 towards the loan of president & CEO Chris Brown.

During the three months ended March 31, 2023, director Lucille Zdunich, advanced to the Company $700 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

On June 07, 2023, the Company issued 5,000,000 preferred stock class B at par value of $0.0001, to the director, Lucille Zdunich as fully paid and non-assessable for service provided.

During the three months ended June 30, 2023, president & CEO Chris Brown advanced to the Company $972 towards working capital. The Company repaid $2,381 towards the loan of president & CEO Chris Brown.

During the three months ended June 30, 2023, the company, repaid $2,381 towards the loan of president & CEO Chris Brown.

During the three months ended September 30, 2023, the company, repaid $303 towards the loan of president & CEO Chris Brown.

During the three months ended September 30, 2023, director Lucille Zdunich, advanced to the Company $333 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

12

During the three months ended December 31, 2023, director Lucille Zdunich, advanced to the Company $853 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

During the three months ended June 30, 2024, director Lucille Zdunich, advanced to the Company $11,000 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

As of June 30, 2024, and December 31, 2023, due to related parties is $15,503 and $4,503 respectively.

Note 9 – STOCKHOLDERS’ EQUITY

Common Shares

The Company has 1,000,000,000, $0.001 par value shares of common stock authorized.

As of December 31, 2023, the company’s common shares issued and outstanding is 5,000,000.

During the three months ended June 30, 2017, the company issued a total of 1,087,500 common shares for cash proceeds of $1080.

During the three months ended December 31, 2023, the company issued a total of 500,000 common shares for settlement of debt of $500.

As of June 30, 2024, and December 31, 2023, the company’s common shares issued and outstanding are 6,587,500 and 6,587,500 respectively.

Preferred Shares

The company has 10,000,000, $0.00001 par value of preferred stock authorized.

On June 07, 2023, the company issued 5,000,000 preferred stock class B at a par value of $0.0001, to the director, Lucille Zdunich as fully paid and non-assessable for service provided.

As of June 30, 2024, and December 31, 2023, the company’s preferred shares issued and outstanding are 5,000,000 and 5,000,000 respectively.

Note 10 – COMMITMENTS AND CONTINGENCIES

From time-to-time, the Company is subject to various litigation and other claims in the normal course of business. The Company establishes liabilities in connection with legal actions that management deems to be probable and estimable. No amounts have been accrued in the financial statements with respect to any matters.

 Note 11 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2024, through the date when financial statements were issued, and has determined that it does not have material subsequent events to disclosure in these financial statements.

13

ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward looking statement notice

Statements made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward- looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.

DESCRIPTION OF BUSINESS

Brief description of Crona Corp.

The Company was incorporated on October 6, 2016 under the laws of the State of Nevada.

On December 29, 2022, Andrei Gurduiala, former President of Crona Corp. (the “Company”) closed a Share Purchase Agreement (the “Agreement”) that he entered with Chris Brown to sell all his 5,000,000 common shares of the Company to Chris Brown for cash consideration of $500,000.

On December 29, 2022, a change in control of the Company occurred pursuant to the Agreement. Mr. Brown now has voting control over 82.1% of the Company’s issued and outstanding common stock.

On December 29, 2022, the Company received the resignation of Andrei Gurduiala as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary and Director. Also on December 29, 2022, the Company appointed Chris Brown as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.

Effective December 29, 2022, the Company’s new address is 422 Richards Street, Unit 170 Vancouver, BC V6B 2Z4.

On February 3, 2023, the Company filed Articles of Continuance with the Secretary of State for the state of Wyoming. Accordingly, the Company transferred its state of formation from Nevada to Wyoming and became a Wyoming entity. In conjunction with this change of domicile, the Company increased the number of common shares that it is authorized to issue to 1,000,000,000 shares, par value $0.00001 per share.

On February 7, 2023, the Company filed a Certificate of Dissolution with the Secretary of State for the State of Nevada, effectively dissolving the Company’s existence in Nevada. The effective date for the Nevada dissolution is March 17, 2023.

On February 7, 2023, the Company increased the number of directors on its Board of Directors from 1 to 3. On February 7, 2023, the Company appointed Lucille Zdunich and Robert Brown as Directors of the Company.

14

General description of our activity

On June 22, 2023, the Company appointed Demetrios Malamas as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary. As a result of the management change, the Company is moving out of the antimicrobial surface protection services business and into the memorialization industry, serving our customers in cemetery and funeral industries.

We have not generated revenue to date and intend to generate revenue from our products sales to customers. Our mission is to ensure families are supported during the most difficult time of their lives. We aim to help families move forward from grief to remembrance. We are proud to provide products and solutions to meet the needs of every family.

We provide a variety of funeral products including funeral caskets. Funeral caskets come in a wide array of models and are made of several different materials. Metal funeral caskets come in Copper, Stainless Steel, 18 Gauge metal and 20-gauge metal. They come with a variety of popular interiors including velvet, crepe and satin among other fabrics. As for the wooden caskets, they also come in a variety of woods including, but not limited to; Pine, Mahogany, Oak, Cherry, Pecan, Maple, Poplar and Cedar. All of these caskets come with a variety of finishes, a variety of handles (swing bars or stationery, a variety of decorative corners, repositioning beds).

Our customers for caskets are funeral homes, funeral suppliers, and casket distributors in the US market. By importing from China, the Company is following a well-worn outsourcing playbook that’s upended markets for American-made goods from electronics to bedroom furniture. Our relationship with several factories in China allows us to have priority manufacturing.  In addition, our relationship with shippers allows us to have priority shipping at some of the best rates available. We will import 40-foot containers holding 64 caskets apiece and sells them to funeral homes and regional distributors for a fraction of the price. We will be attending industry Trade Shows at the National as well as the State level to increase company visibility and market presence and work to increase market share as well as to stay in contact with our Funeral Home families and customers. In addition, our marketing will include advertising in Funeral industry magazines and journals.

RESEARCH AND DEVELOPMENT EXPENDITURES

We have not incurred any research expenditures since our incorporation.

BANKRUPTCY OR SIMILAR PROCEEDINGS

There has been no bankruptcy, receivership or similar proceeding.

COMPLIANCE WITH GOVERNMENT REGULATION

We will be required to comply with all regulations, rules and directives of governmental authorities and agencies applicable to the services provided in any facility in any jurisdiction which we would conduct activities.

FACILITIES

Our previously leased office is located at 422 Richards Street, Unit 170, Vancouver, BC V6B 2Z4. Our current office, effective as of June 22, 2023, is 304 South Jones Blvd. #7356, Las Vegas, Nevada 89107.  Our telephone number is (888) 998-1888.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

We have no employees as of the date of this prospectus. Our sole officer and director, Chris Brown currently devotes approximately 20 hours per week to company matters. After receiving funding, Chris Brown plans to devote as much time to the operation of the Company as he determines is necessary for him to manage the affairs of the Company. As our business and operations increase, we will assess the need for full time management and administrative support personnel.

LEGAL PROCEEDINGS

There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company.

15

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This section includes a number of forward-looking statements that reflect our current views regarding the future events and financial performance of Crona Corp.

We qualify as an “emerging growth company” under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to:

Have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;

Comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements (i.e., an auditor discussion and analysis) unless the SEC determines that the application of such additional requirements is necessary or appropriate in the public interest, after considering protection of investors, and whether the action will promote efficiency, competition and capital formation; Submit certain executive compensation on matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency;”

Disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median employee compensation.

In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

RESULTS OF OPERATION

Results of Operations for the three and six months ended June 30, 2024, and 2023:

Revenue for three and six months ended June 30, 2024, and 2023

For the three and six months ended June 30, 2024, and 2023, Crona Corp. had not generated any revenue.

Operating expenses for the three and six months ended June 30, 2024, and 2023

Total operating expenses for the three months ended June 30, 2024, were $21,414. The operating expenses for the three months ended June 30, 2024, include depreciation and amortization expenses of $7,371, general and administrative expenses of $2,043, and professional fees of $12,000.

Total operating expenses for the three months ended June 30, 2023, were $35,225. The operating expenses for the three months ended June 30, 2023, includes amortization on convertible promissory note $4,238, depreciation and amortization expense of $7,950, general and administrative expenses of $7,503, and professional fees of $15,534.

Total operating expenses for the six months ended June 30,2024, were $33,548. The operating expenses for the six months ended June 30, 2024, include amortization on convertible promissory note $1,863, depreciation and amortization expenses of $14,743, general and administrative expenses of $3,942, and professional fees of $13,000.

Total operating expenses for the six months ended June 30,2023, were $141,551. The operating expenses for the six months ended June 30, 2023, includes amortization on convertible promissory note $6,567, depreciation and amortization expenses of $15,898, general and administrative expenses of $10,734, and professional fees of $108.352.

16

Net Loss

The net loss for the six months ended June 30, 2024, and 2023 was $44,945 and $149,442 respectively.

The net loss decreased for the six months ended June 30, 2024, when compared to the six months ended June 30, 2023, because there were decreased professional fees, amortization and depreciation expenses.

Liquidity and Capital Resources

As of June 30, 2024, our total assets were $53,820.

As of June 30, 2024, our total liabilities were $290,889.

As of June 30, 2024, we had a working capital deficit of $190,889.

CASH FLOWS FROM OPERATING ACTIVITIES

We have not generated positive cash flows from operating activities. For the six months ended June 30, 2024, net cash used in operating activities was $(11,000), which consisted of a net loss of $44,945, depreciation and amortization expense of $14,743, amortization of discount on promissory note of $1,863, interest payable of $11,397, prepaid of $255, accounts payable of $,5,687.

CASH FLOWS FROM INVESTING ACTIVITIES

For the six months ended June 30, 2024, we generated $0 in investing activities.

CASH FLOWS FROM FINANCING ACTIVITIES

For the six months ended June 30, 2024, net cash flow provided by financing activities was $11,000 which is included the related party advances of $11,000.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

None

17

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act 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 Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of June 30, 2024. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

Changes in Internal Controls over Financial Reporting

There was no change in the Company’s internal control over financial reporting during the quarterly period covered by this report that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

18

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We are not involved in any pending legal proceedings nor are we aware of any pending or threatened litigation against us.

ITEM 1A. RISK FACTORS

None.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

None

ITEM 5. OTHER INFORMATION

None

19

ITEM 6. EXHIBITS

The following exhibits are included as part of this report by reference:

31.1	Certification of Chief Executive and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
101.INS	Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
	.
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Labels Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

20

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CRONA CORP.
Dated: October 3, 2024	By:	/s/ Demetrios Malamas
		Demetrios Malamas, President and Chief Executive Officer and Chief Financial Officer

21

EX-31.1

EXHIBIT 31.1 

CERTIFICATIONS

I, Demetrios Malamas, certify that;

(1)	I have reviewed this Quarterly Report on Form 10-Q of Crona Corp;
(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)	I am 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 Rule 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 my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me 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 my 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 my 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 year that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

(5) I have disclosed, based on my most recent evaluation of the 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:  October 3, 2024

	/s/ Demetrios Malamas
By:	Demetrios Malamas
Title:	Chief Executive Officer and
	Chief Financial Officer

EX-32.1

EXHIBIT 32.2 

CERTIFICATION OF

CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Demetrios Malamas, the Chief Executive Officer and Chief Financial Officer of Crona Corp. (the “Company”), hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(i)	the Quarterly Report on Form 10-Q of the Company, for the period ended June 30, 2024, and to which this certification is attached as Exhibit 32.1 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(ii)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ Demetrios Malamas
Name:	Demetrios Malamas
Title:	Chief Executive Officer and
	Chief Financial Officer
Date:	October 3, 2024

XML

Cover - shares	6 Months Ended
	Jun. 30, 2024	Oct. 03, 2024
Cover [Abstract]
Entity Registrant Name	CRONA CORP.
Entity Central Index Key	0001696411
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		6,087,500
Entity File Number	333-216180
Entity Incorporation State Country Code	WY
Entity Tax Identification Number	35-2574778
Entity Address Address Line 1	422 Richards Street
Entity Address Address Line 2	Unit 170
Entity Address City Or Town	Vancouver
Entity Address State Or Province	BC
Entity Address Postal Zip Code	V6B 2Z4
City Area Code	888
Local Phone Number	998-9449
Security 12b Title	Common stock
Trading Symbol	CCCP
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

XML

BALANCE SHEETS - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Prepaid expenses	$ 0	$ 255
Total Current Assets	0	255
Long-term Assets
Intangible asset, net	37,510	50,013
Property, plant and equipment, net	16,310	18,550
Total Long-term Assets	53,820	68,563
Total Assets	53,820	68,818
Current Liabilities
Accounts payable	8,231	2,544
Accrued expenses	2,000	2,000
Interest payable	32,655	21,258
Related party advances	15,503	4,503
Convertible notes payable, net of discount	132,500	130,637
Total Current Liabilities	190,889	160,942
Promissory note, related party	100,000	100,000
Total Long Term Liabilities	100,000	100,000
Total Liabilities	290,889	260,942
Stockholders' (Deficit) Equity
Preferred stock, par value $0.00001 10,000,000 shares authorized, 5,000,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023	50	50
Common stock, par value $0.001; 1,000,000,000 shares authorized, 6,587,500 shares and 6,587,500 shares issued and outstanding as of June 30, 2024 and December 31, 2023 respectively	6,588	6,588
Additional paid in capital	31,853	31,853
Accumulated other comprehensive loss	(188)	(188)
Accumulated deficit	(275,372)	(230,427)
Total Stockholders' (Deficit) Equity	(237,069)	(192,124)
Total Liabilities and Stockholders' (Deficit) Equity	$ 53,820	$ 68,818

XML

BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
BALANCE SHEETS
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	1,000,000,000	1,000,000,000
Common Stock, Shares Issued	6,587,500	6,587,500
Common Stock, Shares Outstanding	6,587,500	6,587,500
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	5,000,000	5,000,000
Preferred stock, shares outstanding	5,000,000	5,000,000

XML

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
STATEMENTS OF OPERATIONS (Unaudited)
REVENUES	$ 0	$ 0	$ 0	$ 0
OPERATING EXPENSES
Amortization on convertible promissory note	0	4,238	1,863	6,567
Depreciation and amortization expense	7,371	7,950	14,743	15,898
General and administrative expenses	2,043	7,503	3,942	10,734
Professional fees	12,000	15,534	13,000	108,352
TOTAL OPERATING EXPENSES	21,414	35,225	33,548	141,551
OTHER INCOME (EXPENSE)
Interest expenses	(5,693)	(3,979)	(11,397)	(7,891)
TOTAL OTHER INCOME (EXPENSE)	(5,693)	(3,979)	(11,397)	(7,891)
NET GAIN / (LOSS) FROM OPERATIONS	(27,107)	(39,204)	(44,945)	(149,442)
PROVISION FOR INCOME TAXES	0	0	0	0
NET GAIN/ (LOSS)	(27,107)	(39,204)	(44,945)	(149,442)
OTHER COMPREHENSIVE LOSS
Foreign Currency Translation Adjustment		(160)		(197)
COMPREHENSIVE GAIN/ (LOSS)	$ (27,107)	$ (39,364)	$ (44,945)	$ (149,639)
NET LOSS PER SHARE: BASIC AND DILUTED	$ (0.00)	$ (0.01)	$ (0.01)	$ (0.02)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	6,176,541	6,087,500	6,176,541	6,087,500

XML

STATEMENTS OF STOCKHOLDERS (DEFICIT) EQUITY (Unaudited) - USD ($)	Total	Preferred Series A	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Accumulated other comprehensive loss
Balance, shares at Dec. 31, 2022		0	6,087,500
Balance, amount at Dec. 31, 2022	$ 690	$ 0	$ 6,088	$ 31,403	$ (36,801)	$ 0
Foreign currency translation adjustment	(37)					(37)
Net loss	(110,239)	$ 0	$ 0	0	(110,239)	0
Balance, shares at Mar. 31, 2023		0	6,087,500
Balance, amount at Mar. 31, 2023	(109,586)	$ 0	$ 6,088	31,403	(147,040)	(37)
Balance, shares at Dec. 31, 2022		0	6,087,500
Balance, amount at Dec. 31, 2022	690	$ 0	$ 6,088	31,403	(36,801)	0
Foreign currency translation adjustment	(197)
Net loss	(149,442)
Balance, shares at Jun. 30, 2023		5,000,000	6,087,500
Balance, amount at Jun. 30, 2023	(148,450)	$ 50	$ 6,088	31,853	(186,244)	(197)
Balance, shares at Mar. 31, 2023		0	6,087,500
Balance, amount at Mar. 31, 2023	(109,586)	$ 0	$ 6,088	31,403	(147,040)	(37)
Foreign currency translation adjustment	(160)					(160)
Net loss	(39,204)				(39,204)
Shares issued for services, shares		5,000,000
Shares issued for services, amount	500	$ 50		450
Balance, shares at Jun. 30, 2023		5,000,000	6,087,500
Balance, amount at Jun. 30, 2023	(148,450)	$ 50	$ 6,088	31,853	(186,244)	(197)
Balance, shares at Dec. 31, 2023		5,000,000	6,587,500
Balance, amount at Dec. 31, 2023	(192,124)	$ 50	$ 6,588	31,853	(230,427)	(188)
Net loss	(17,838)	$ 0	$ 0	0	(17,838)	0
Balance, shares at Mar. 31, 2024		5,000,000	6,587,500
Balance, amount at Mar. 31, 2024	(209,962)	$ 50	$ 6,588	31,853	(248,265)	(188)
Balance, shares at Dec. 31, 2023		5,000,000	6,587,500
Balance, amount at Dec. 31, 2023	(192,124)	$ 50	$ 6,588	31,853	(230,427)	(188)
Net loss	(44,945)
Balance, shares at Jun. 30, 2024		5,000,000	6,587,500
Balance, amount at Jun. 30, 2024	(237,069)	$ 50	$ 6,588	31,853	(275,372)	(188)
Balance, shares at Mar. 31, 2024		5,000,000	6,587,500
Balance, amount at Mar. 31, 2024	(209,962)	$ 50	$ 6,588	31,853	(248,265)	(188)
Net loss	(27,107)	$ 0	$ 0	0	(27,107)	0
Balance, shares at Jun. 30, 2024		5,000,000	6,587,500
Balance, amount at Jun. 30, 2024	$ (237,069)	$ 50	$ 6,588	$ 31,853	$ (275,372)	$ (188)

XML

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (44,945)	$ (149,442)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization expenses	12,503	12,503
Depreciation expenses	2,240	3,395
Amortization of discount on promissory note	1,863	6,567
Share based compensation	0	500
Changes in operating assets and liabilities:
Prepaid expenses	255	743
Interest payable on convertible promissory note	11,397	7,891
Accounts payable	5,687	481
Accrued expenses	0	(1,500)
NET CASH USED IN OPERATING ACTIVITIES	(11,000)	(118,862)
CASH FLOWS FROM FINANCING ACTIVITIES
Convertible promissory note issued	0	116,000
Advances from related party	11,000	5,779
Repayment to related party	0	(2,381)
NET CASH FROM FINANCING ACTIVITIES	11,000	119,398
NET INCREASE (DECREASE) IN CASH	0	536
Effects of currency translation on cash	0	(197)
Cash, beginning of period	0	0
Cash, end of period	0	339
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

XML

ORGANIZATION AND NATURE OF BUSINESS

6 Months Ended

Jun. 30, 2024

ORGANIZATION AND NATURE OF BUSINESS

ORGANIZATION AND NATURE OF BUSINESS

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

Crona Corp. (“the Company”) was incorporated in the State of Nevada on October 6, 2016. On February 3, 2023 the Company filed Articles of Continuance with the Secretary of State in the State of Wyoming pursuant to which the Company re-domiciled from the State of Nevada to the State of Wyoming. Effective June 22, 2023, the Company’s new address is 304 South Jones Blvd. #7356, Las Vegas, Nevada 89107. We are in the memorialization industry, serving our customers in cemetery and funeral industries. We provide a range of high-quality memorial products including funeral caskets

XML

GOING CONCERN

6 Months Ended

Jun. 30, 2024

GOING CONCERN

GOING CONCERN

Note 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles (“GAAP”), which contemplate the continuation of the Company as a going concern. The Company generated no revenues through June 30, 2024. The Company currently has accumulated losses of $275,372 as of June 30, 2024, and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Note 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

Basis of presentation

The accompanying financial statements have been prepared in accordance with GAAP. The Company’s year-end is December 31.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. An entity must also disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative information about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with ASC 260 “Earnings per share”. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of June 30, 2024, there were no potentially dilutive debt or equity instruments issued or outstanding.

Property and Equipment

Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterment that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over the following estimated useful lives of the related assets.

	Useful life
	Minimum	Maximum
Equipment	10 Months	15 Years

Intangible assets

Intangible assets consist of contracts acquired in an asset purchase agreement (see Note 4). The estimated useful life of these assets was determined to be 3 years. The Company periodically evaluates the reasonableness of the useful lives of these assets. Once these assets are fully amortized, they are removed from the accounts. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. The Company has no intangibles with indefinite lives.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of a long-lived asset, management evaluates whether the estimated future undiscounted net cash flows from the asset are less than its carrying amount. If impairment is indicated, the long-lived asset would be written down to fair value. Fair value is determined by an evaluation of available price information at which assets could be bought or sold, including quoted market prices, if available, or the present value of the estimated future cash flows based on reasonable and supportable assumptions.

Leases

The Company accounts for leases in accordance with Accounting Standards Update (“ASU”) No. 2016-02, “Leases”. Under this guidance, lessees (including lessees under leases classified as finance leases, which are to be classified based on criteria similar to that applicable to capital leases under current guidance, and leases classified as operating leases) will recognize a right-to-use asset and a lease liability on the balance sheet, initially measured as the present value of lease payments under the lease. The guidance permits companies to make an accounting policy election not to apply the recognition provisions of the guidance to short term leases (leases with a lease term of 12 months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise). If this election is made, lease payments under short term leases will be recognized on a straight-line basis over the lease term. The Company has elected not to apply the standard to short-term leases.

Recent Accounting Pronouncements

There have been no recent accounting pronouncements or changes in accounting pronouncements during the six months ended June 30, 2024, that are of significance or potential significance to the Company.

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ASSET AQUISITION

6 Months Ended

Jun. 30, 2024

ASSET AQUISITION

ASSET AQUISITION

Note 4 – ASSET AQUISITION

On December 29, 2022, the Company entered into an Asset Purchase Agreement with Zeroblast Services Ltd. (Seller), a related party, to acquire all business assets of the Seller, which included equipment and intangible assets. Seller will also convey any and all contracts that it has with its current customers, written, oral or otherwise (the intangible assets). Consideration for the asset acquisition is a cash payment of 100,000 ($24,980 for the equipment and $75,020 for the intangible asset). The payment shall be in the form of a Promissory Note due on or before December 29, 2024. This note bears interest at 7% per annum, however if the note is fully repaid within twelve (12) months interest is waived. At any time during the first twelve (12) months the note can be reopened for either an extension or renegotiation of the terms of the note.

Promissory Note

	As of June 30, 2024
	Face value		Accrued Interest
Promissory Note	$	100,000	$	10,538
Total	$	100,000	$	10,538

	As of December 31, 2023
	Face value		Accrued Interest
Promissory Note	$	100,000	$	7,058
Total	$	100,000	$	7,058

Accrued Interest as of June 30, 2024, is $10,538 and December 31, 2023, is $7,058. Promissory note payable is $100,000 and $100,000 as of June 30, 2024, and December 31, 2023.

Total interest expenses of $ 3,481 and $0 for the six months ended June 30, 2024, and 2023.

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PROPERTY PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

PROPERTY PLANT AND EQUIPMENT

PROPERTY PLANT AND EQUIPMENT

Note 5 – PROPERTY PLANT & EQUIPMENT

The Company’s Property plant and equipment as of June 30, 2024, and December 31, 2023, are as follows

	June 30, 2024			December 31, 2023
Property, plant and equipment, gross	$	24,980		$	24,980
Less: Depreciation		(8,670	)		(6,430	)
Property, plant and equipment, net		16,310			18,550

Total depreciation expenses for the for the six months ended June 30, 2024, and 2023, were $2,240 and $ 3,395, respectively.

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INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2024

INTANGIBLE ASSETS

INTANGIBLE ASSETS

Note 6 – INTANGIBLE ASSETS

The Company’s intangible assets as of June 30, 2024, and December 31, 2023, are as follows:

	June 30, 2024			December 31, 2023
Intangible assets, gross	$	75,020		$	75,020
Less: Amortization		(37,510	)		(25,007	)
Intangible assets, net	$	37,510		$	50,013

Total amortization expenses for the six months ended June 30, 2024, and 2023, were $12,503 and $12,503 respectively.

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CONVERTIBLE PROMISSORY NOTE

6 Months Ended

Jun. 30, 2024

CONVERTIBLE PROMISSORY NOTE

CONVERTIBLE PROMISSORY NOTE

Note 7 – CONVERTIBLE PROMISSORY NOTE

On February 09, 2023, the Company issued a convertible promissory note (the “February 2023 Note”) at a face value of $133,000 to a third party at an interest rate of 12% per annum. Net proceeds received against the promissory note are $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue with a conversion price of $0.10.

	As of June 30, 2024
	Face value		Discount on Promissory Note		Net payable		Accrued Interest
Convertible Promissory Note	$	132,500	$	0	$	132,500	$	22,117
Total	$	132,500	$	0	$	132,500	$	22,117

	As of December 31, 2023
	Face value		Discount on Promissory Note			Net payable		Accrued Interest
Convertible Promissory Note	$	133,000	$	(1,863	)	$	130,637	$	14,200
Less: Common Stock Issued	$	500
Total	$	132,500	$	(1,863	)	$	130,637	$	14,200

On October 27, 2023, 500,000 shares of common stock were issued at a rate of $0.001 to settle the promissory note value of $500.

Accrued Interest as of June 30, 2024, is $22,117 and December 31, 2023, is $ 14,200. The promissory note payable is $ 132,500 and $130,637 as of June 30, 2024, and December 31, 2023.

Total interest expenses of $7,917 and $7,891 for the six months ended June 30, 2024, and 2023.

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RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2024

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

Note 8 – RELATED PARTY TRANSACTIONS

On December 29, 2022, the Company entered into a promissory Note with a related party, Zeroblast Services Ltd. (Seller). The Promissory Note is entered into as an exchange for all business assets of the Seller at $100,000. The sum of $100,000 is due on or before December 29, 2024. This note bears interest at 7% per annum. As of June 30, 2024, and December 31, 2023, interest payable totaled $10,538  and $7,058, respectively.

During the year 2022, president & CEO Chris Brown advanced to the Company $221 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

During the three months ended March 31, 2023, president & CEO Chris Brown advanced to the Company $4,937 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

During the three months ended March 31, 2023, the company, repaid $829 towards the loan of president & CEO Chris Brown.

During the three months ended March 31, 2023, director Lucille Zdunich, advanced to the Company $700 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

On June 07, 2023, the Company issued 5,000,000 preferred stock class B at par value of $0.0001, to the director, Lucille Zdunich as fully paid and non-assessable for service provided.

During the three months ended June 30, 2023, president & CEO Chris Brown advanced to the Company $972 towards working capital. The Company repaid $2,381 towards the loan of president & CEO Chris Brown.

During the three months ended June 30, 2023, the company, repaid $2,381 towards the loan of president & CEO Chris Brown.

During the three months ended September 30, 2023, the company, repaid $303 towards the loan of president & CEO Chris Brown.

During the three months ended September 30, 2023, director Lucille Zdunich, advanced to the Company $333 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

During the three months ended December 31, 2023, director Lucille Zdunich, advanced to the Company $853 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

During the three months ended June 30, 2024, director Lucille Zdunich, advanced to the Company $11,000 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

As of June 30, 2024, and December 31, 2023, due to related parties is $15,503 and $4,503 respectively.

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STOCKHOLDERS EQUITY

6 Months Ended

Jun. 30, 2024

STOCKHOLDERS EQUITY

STOCKHOLDERS' EQUITY

Note 9 – STOCKHOLDERS’ EQUITY

Common Shares

The Company has 1,000,000,000, $0.001 par value shares of common stock authorized.

As of December 31, 2023, the company’s common shares issued and outstanding is 5,000,000.

During the three months ended June 30, 2017, the company issued a total of 1,087,500 common shares for cash proceeds of $1080.

During the three months ended December 31, 2023, the company issued a total of 500,000 common shares for settlement of debt of $500.

As of June 30, 2024, and December 31, 2023, the company’s common shares issued and outstanding are 6,587,500 and 6,587,500 respectively.

Preferred Shares

The company has 10,000,000, $0.00001 par value of preferred stock authorized.

On June 07, 2023, the company issued 5,000,000 preferred stock class B at a par value of $0.0001, to the director, Lucille Zdunich as fully paid and non-assessable for service provided.

As of June 30, 2024, and December 31, 2023, the company’s preferred shares issued and outstanding are 5,000,000 and 5,000,000 respectively.

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COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2024

Commitments and contingencies (Note 6)

COMMITMENTS AND CONTINGENCIES

Note 10 – COMMITMENTS AND CONTINGENCIES

From time-to-time, the Company is subject to various litigation and other claims in the normal course of business. The Company establishes liabilities in connection with legal actions that management deems to be probable and estimable. No amounts have been accrued in the financial statements with respect to any matters.

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SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2024

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

 Note 11 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2024, through the date when financial statements were issued, and has determined that it does not have material subsequent events to disclosure in these financial statements.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying financial statements have been prepared in accordance with GAAP. The Company’s year-end is December 31.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. An entity must also disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative information about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with ASC 260 “Earnings per share”. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of June 30, 2024, there were no potentially dilutive debt or equity instruments issued or outstanding.

Property and Equipment

Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterment that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over the following estimated useful lives of the related assets.

	Useful life
	Minimum	Maximum
Equipment	10 Months	15 Years

Intangible assets

Intangible assets consist of contracts acquired in an asset purchase agreement (see Note 4). The estimated useful life of these assets was determined to be 3 years. The Company periodically evaluates the reasonableness of the useful lives of these assets. Once these assets are fully amortized, they are removed from the accounts. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. The Company has no intangibles with indefinite lives.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of a long-lived asset, management evaluates whether the estimated future undiscounted net cash flows from the asset are less than its carrying amount. If impairment is indicated, the long-lived asset would be written down to fair value. Fair value is determined by an evaluation of available price information at which assets could be bought or sold, including quoted market prices, if available, or the present value of the estimated future cash flows based on reasonable and supportable assumptions.

Leases

The Company accounts for leases in accordance with Accounting Standards Update (“ASU”) No. 2016-02, “Leases”. Under this guidance, lessees (including lessees under leases classified as finance leases, which are to be classified based on criteria similar to that applicable to capital leases under current guidance, and leases classified as operating leases) will recognize a right-to-use asset and a lease liability on the balance sheet, initially measured as the present value of lease payments under the lease. The guidance permits companies to make an accounting policy election not to apply the recognition provisions of the guidance to short term leases (leases with a lease term of 12 months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise). If this election is made, lease payments under short term leases will be recognized on a straight-line basis over the lease term. The Company has elected not to apply the standard to short-term leases.

Recent Accounting Pronouncements

There have been no recent accounting pronouncements or changes in accounting pronouncements during the six months ended June 30, 2024, that are of significance or potential significance to the Company.

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SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Property and Equipment Estimated Useful Lives

	Useful life
	Minimum	Maximum
Equipment	10 Months	15 Years

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ASSET AQUISITION (Tables)

6 Months Ended

Jun. 30, 2024

ASSET AQUISITION

Summary of Asset Aquisition

	As of June 30, 2024
	Face value		Accrued Interest
Promissory Note	$	100,000	$	10,538
Total	$	100,000	$	10,538

	As of December 31, 2023
	Face value		Accrued Interest
Promissory Note	$	100,000	$	7,058
Total	$	100,000	$	7,058

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PROPERTY PLANT EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2024

PROPERTY PLANT AND EQUIPMENT

Summary of Property Plant Equipment

	June 30, 2024			December 31, 2023
Property, plant and equipment, gross	$	24,980		$	24,980
Less: Depreciation		(8,670	)		(6,430	)
Property, plant and equipment, net		16,310			18,550

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INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

INTANGIBLE ASSETS

Summary of Intangible Assets

	June 30, 2024			December 31, 2023
Intangible assets, gross	$	75,020		$	75,020
Less: Amortization		(37,510	)		(25,007	)
Intangible assets, net	$	37,510		$	50,013

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CONVERTIBLE PROMISSORY NOTE (Tables)

6 Months Ended

Jun. 30, 2024

CONVERTIBLE PROMISSORY NOTE

Schedule Of Convertible Promissory Note

	As of June 30, 2024
	Face value		Discount on Promissory Note		Net payable		Accrued Interest
Convertible Promissory Note	$	132,500	$	0	$	132,500	$	22,117
Total	$	132,500	$	0	$	132,500	$	22,117

	As of December 31, 2023
	Face value		Discount on Promissory Note			Net payable		Accrued Interest
Convertible Promissory Note	$	133,000	$	(1,863	)	$	130,637	$	14,200
Less: Common Stock Issued	$	500
Total	$	132,500	$	(1,863	)	$	130,637	$	14,200

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GOING CONCERN (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
GOING CONCERN
Accumulated losses	$ (275,372)	$ (230,427)

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SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Details)	6 Months Ended
	Jun. 30, 2024
Minimum [Member]
Estimate useful life	10 months
Maximum [Member]
Estimate useful life	15 years

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended
	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Intangible assets estimate useful life	3 years

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ASSET AQUISITION (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Promissory Note	$ 100,000	$ 100,000
Total Promissory Note	100,000	100,000
Accrued Interest [Member]
Promissory Note	10,538	7,058
Total Promissory Note	$ 10,538	$ 7,058

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ASSET AQUISITION (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2024	Dec. 31, 2023
ASSET AQUISITION
Cash payment for equipment		$ 24,980
Cash payment for intangible assets		$ 75,020
Interest rate		7.00%
Accrued Interest		$ 10,538	$ 7,058
Promissory note payable		100,000	$ 100,000
Consideration for asset acquisition		100,000
Interest expenses	$ 0	$ 3,481

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PROPERTY PLANT EQUIPMENT (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
PROPERTY PLANT AND EQUIPMENT
Property, plant and equipment, gross	$ 24,980	$ 24,980
Less: Depreciation	(8,670)	(6,430)
Property, plant and equipment, net	$ 16,310	$ 18,550

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PROPERTY PLANT EQUIPMENT (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
PROPERTY PLANT AND EQUIPMENT
Depreciation expense	$ 2,240	$ 3,395

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INTANGIBLE ASSETS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
INTANGIBLE ASSETS
Intangible assets, gross	$ 75,020	$ 75,020
Less: Amortization	(37,510)	(25,007)
Intangible assets, net	$ 37,510	$ 50,013

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INTANGIBLE ASSETS (Details Narrative ) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
INTANGIBLE ASSETS
Amortization expense	$ 12,503	$ 12,503

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CONVERTIBLE PROMISSORY NOTE (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Feb. 09, 2023
Accrued Interest	$ 22,117	$ 14,200
Less: Common Stock Issued face value		500
Face value	132,500	133,000
Discount on Promissory Note	0	(1,863)	$ (17,000)
Net payable	132,500	130,637
Convertible Promissory Note [Member]
Accrued Interest	22,117	14,200
Face value	132,500	132,500
Discount on Promissory Note	0	(1,863)
Net payable	$ 132,500	$ 130,637

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CONVERTIBLE PROMISSORY NOTE (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 09, 2023	Oct. 27, 2023	Dec. 31, 2023	Jun. 30, 2017	Jun. 30, 2024	Jun. 30, 2023
CONVERTIBLE PROMISSORY NOTE
Accrued Interest			$ 14,200		$ 22,117
Convertible promissory note face value	$ 133,000
Common stock shares issued		500,000	500,000	1,087,500
Interest rate	12.00%
Net proceeds received	$ 116,000
Discount	$ 17,000		$ 1,863		0
Debt maturity	12 months
Settlement of debt		$ 500	500
Conversion price	$ 0.10	$ 0.001
Interest expenses					7,917	$ 7,891
Convertible notes payable, net of discount			$ 130,637		$ 132,500

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	Dec. 29, 2022	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Jun. 07, 2023
Interest payable		$ 21,258				$ 32,655		$ 21,258
Advances from related party						$ 11,000	$ 5,779
Class B preferred stock issued		5,000,000				5,000,000		5,000,000
Related party advances		$ 4,503				$ 15,503		$ 4,503
Zeroblast Services Ltd [Member]
Interest payable		7,058				10,538		7,058
Advances from related party						$ 11,000
Lucille Zdunich [Member]
Advanced to Company		$ 853	$ 333		$ 700
Lucille Zdunich [Member] | Preferred Class B Stock [Member]
Class B preferred stock issued										5,000,000
Preferred stock per value										$ 0.0001
CEO Chris Brown [Member]
Repayment to related party			$ 303	$ 2,381	829			$ 2,381
Advanced by related parties				$ 972	$ 4,937				$ 221
December 29 2022 [Member] | Zeroblast Services Ltd [Member]
Interest rate	7.00%
Issuence of promissory Note	$ 100,000
Due to related party	$ 100,000

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STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Oct. 27, 2023	Dec. 31, 2023	Jun. 30, 2017	Jun. 30, 2024	Jun. 07, 2023
Common stock, shares authorized		1,000,000,000		1,000,000,000
Common stock, shares par value		$ 0.001		$ 0.001
Common stock, shares issued		6,587,500		6,587,500
Common stock, shares outstanding		6,587,500		6,587,500
Settlement of debt	$ 500	$ 500
Total Shares Issued	500,000	500,000	1,087,500
Cash proceeds			$ 1,080
Preferred stock, shares authorized		10,000,000		10,000,000
Preferred stock, shares par value		$ 0.00001		$ 0.00001
Preferred stock, shares issued		5,000,000		5,000,000
Preferred stock, shares outstanding		5,000,000		5,000,000
Common Stock Shares [Member]
Common stock, shares issued		5,000,000
Common stock, shares outstanding		5,000,000
Lucille Zdunich [Member] | Preferred Class B Stock [Member]
Preferred stock, shares par value					$ 0.0001
Preferred stock, shares issued					5,000,000