UNITED STATES SECURITIES AND EXCHANGE COMMISSION

PART 1 – 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 principles have been condensed or omitted pursuant to such rules and regulations.

The interim financial statements are condensed and 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.

Crona Corp.

CONDENSED BALANCE SHEETS

June 30, 2018 and December 31, 2017


ASSETS
Current Assets		June 30, 2018 (Unaudited)		December 31, 2017
Cash and cash equivalents	$	31	$	31
Prepaid expenses		745		5,408
Total Current Assets		776		5,439

Fixed Assets
Equipment and furniture, net of accumulated depreciation		-		20,751
Total Fixed Assets		-		20,751

Total Assets	$	776	$	26,190

LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
Liabilities
Current Liabilities
Accounts Payable	$	1,000	$	-
Related party loan		-		8,300
Total Current Liabilities		1,000		8,300

Total Liabilities		1,000		8,300

Commitments and Contingencies (Note 6)

Stockholders’ (Deficit) Equity
Common stock, par value $0.001; 75,000,000 shares authorized, 6,087,500 shares issued and outstanding		6,088		6,088
Additional paid in capital		31,403		31,403
Accumulated deficit		(37,715)		(19,601)
Total Stockholders’ (Deficit) Equity		(224)		17,890

Total Liabilities and Stockholders’ (Deficit) Equity	$	776	$	26,190

See accompanying notes, which are an integral part of these condensed financial statements

Crona Corp.

CONDENSED STATEMENTS OF OPERATIONS

Six months ended June 30, 2018 and 2017

UNAUDITED


		Three months ended June 30, 2018		Three months ended June 30, 2017		Six months ended June 30, 2018		Six months ended June 30, 2017
REVENUES	$	-	$	6,910	$	-	$	8,410
Gross Profit		-		6,910		-		8,410

OPERATING EXPENSES
General and Administrative Expenses		3,000		20,111		6,692		27,820
TOTAL OPERATING EXPENSES		3,000		20,111		6,692		27,820

LOSS ON SALE OF EQUIPMENT		-		-		11,421		-

NET LOSS FROM OPERATIONS		(3,000)		(13,201)		(18,113)		(19,410)

PROVISION FOR INCOME TAXES		-		-		-		-

NET LOSS	$	(3,000)	$	(13,201)	$	(18,113)	$	(19,410)

NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		6,087,500		5,573,231		6,087,500		5,288,199

See accompanying notes, which are an integral part of these condensed financial statements

Crona Corp.

CONDENSED STATEMENTS OF (DEFICIT) EQUITY

Three and six months ended June 30, 2018 and 2017

UNAUDITED

See accompanying notes, which are an integral part of these condensed financial statements

Crona Corp.

CONDENSED STATEMENTS OF CASH FLOWS

Six months ended June 30, 2018 and 2017

UNAUDITED


		Six months ended June 30, 2018		Six months ended June 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(18,113)	$	(19,410)
Depreciation Expense		1,029		655
Loss on equipment		11,421		-
Changes in operating assets and liabilities:
Decrease in prepaid expenses		4,663		(5,327)
Accounts Payable		1,000		-
CASH FLOWS FROM OPERATING ACTIVITIES		-		(24,082)


CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of equipment		-		(5,100)
CASH FLOWS FROM INVESTING ACTIVITIES		-		(5,100)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party loan		-		5,700
Proceeds from the issuance of common stock		-		32,490
CASH FLOWS FROM FINANCING ACTIVITIES		-		38,190

NET CHANGE IN CASH		-		9,008

Cash, beginning of period		31		214

Cash, end of period	$	31	$	9,222

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-	$	-
Income taxes paid	$	-	$	-

NON-CASH INVESTING AND FINANCING ACTIVITIES
Related party loan paid through sale of equipment	$	8,300	$	-

See accompanying notes, which are an integral part of these condensed financial statements

Crona Corp.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

June 30, 2018

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

Crona Corp. (“the Company”) was incorporated in the State of Nevada on October 6, 2016. Crona Corp. was established for the purpose of quality sound recording needs. The Company is located in Romania and began its operations in early 2017.

The Company provides recording, studio and engineer/ producer services for record labels, music producers and recording artists.

Note 2 – GOING CONCERN

The accompanying condensed financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), which contemplate continuation of the Company as a going concern. The Company generated no revenues for the three months ended June 30, 2018. The Company currently has losses of $18,113 and $37,714 for the six months ended June 30, 2018 and the period from inception (October 6, 2016) to June 30, 2018, respectively, 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 condensed 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.

Equipment

Equipment is stated at cost, net of accumulated depreciation. The cost of equipment is depreciated using the straight-line method over 5 years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income.

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.

Crona Corp.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

June 30, 2018

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.

The contract between the Company and the customer is signed without specific quantity of service to be used from the date of signing. The revenue depends of the hours spent on the recording services. The rates of the specific services are set out on the contract. The Company’s revenues are recognized at a point-in-time as ownership of track, mix or master (when it is approved by the customer) is transferred at a distinct point in time per the terms of a contract. The Company shall not be liable for any failure to perform its obligations if such failure is due to circumstances beyond its reasonable control. Any liability of the Company shall be limited to the total of all amounts paid by the customer for services under the contract.

Advertising

The Company expenses advertising costs as incurred. During the six months ended June 30, 2018 and 2017 the Company incurred $3,313 and 0$ of advertising expenses, respectively.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with ASC 606 “Revenue from Contracts with Customers”. Basic 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 loss per share excludes all potential common shares if their effect is anti-dilutive. As of June 30, 2018, there were no potentially dilutive debt or equity instruments issued or outstanding.

Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers ("Topic 606"). This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The Company adopted this ASU on January 1, 2018, using the modified retrospective approach. The impact of adopting this ASU was not material to the financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which will require lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines. Lessor accounting is similar to the current model, but updated to align with certain changes to the lessee model and the new revenue recognition standard. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company does not expect the adoption of Topic 842 to have a material impact on the financial statements.

Note 4 – PROPERTY AND EQUIPMENT, NET


	June 30, 2018	December 31, 2017
Equipment	$-	$18,650
Furniture	-	4,825
Accumulated Depreciation	-	(2,724)
Equipment and furniture, net	$-	$20,751

Depreciation expense for the six months ended June, 2018 and 2017 was $1,029 and $655, respectively.

Note 5 – RELATED PARTY TRANSACTIONS

The Company transferred all the equipment and furniture to Andrei Gurduiala to repay the related party loan totaling $8,300 on March 21, 2018. This resulted in a loss on the property and equipment of $11,421.

Crona Corp.

NOTES TO THE FINANCIAL STATEMENTS

June 30, 2018

Note 6 – COMMITMENTS AND CONTINGENCIES

The Company has entered into a one year rental agreement for a $225 monthly fee, starting on December 1, 2016. The term of the lease ended November 30, 2017, and prolonged till November 30, 2018, at which time it was not renewed. The future minimum lease payments under this lease are $1,125 during 2018. For the six months ended June 30, 2018 and 2017 rent expenses was $1,350.

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 7 – INCOME TAXES

The Company adopted the provisions of uncertain tax positions as addressed in ASC 740 “Income Taxes” (“ASC 740”). As a result of the implementation of ASC 740, the Company recognized no increase in the liability for unrecognized tax benefits. As of June 30, 2018, the Company had net operating loss carry forwards of approximately $8,040 that may be available to reduce future years’ taxable income in varying amounts through 2037. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The valuation allowance at June 30, 2018 was approximately $8,040. The net change in valuation allowance for the six months ended June 30, 2018 was $3,804. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized.

The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of June 30, 2018. All tax years since inception remains open for examination by taxing authorities.

The provision for Federal income tax consists of the following:


		As of June 30, 2018		As of December 31, 2017
Non-current deferred tax assets:
Net operating loss carry forward	$	(8,040)	$	(4,236)
Valuation allowance	$	8,040	$	4,236
Net deferred tax assets	$	-	$	-

The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the year ended December 31, 2017 as follows:


		As of June 30, 2018		As of December 31, 2017
Computed “expected” tax expense (benefit)	$	(3,804)	$	(3,922)
Change in valuation allowance	$	3,804	$	3,922
Actual tax expense (benefit)	$	-	$	-

The related deferred tax benefit on the above unutilized tax losses has a full valuation allowance not recognized against it as there is no certainty of its realization. Management has evaluated tax positions in accordance with ASC 740 and has not identified any significant tax positions, other than those disclosed.


ITEM 2.	MANAGEMENT’ 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. for last five years

On October 6, 2016, the Company was incorporated under the laws of the State of Nevada. We are engaged in recording services business.

Andrei Gurduiala has served as our President, Treasurer and as a Director, from October 6, 2016, until March 21, 2018. On March 21, 2018, our board appointed Robert T. Malasek as a Director, Chief Executive Officer, Chief Financial Officer and Secretary of the Company.

Our board of directors is comprised of one person: Robert T. Malasek.

We are authorized to issue 75,000,000 shares of common stock, par value $0.001 per share. On November 25, 2016, Andrei Gurduiala, our former President and a Director purchased an aggregate of 5,000,000 shares of common stock at $0.001 per share, for aggregate proceeds of $5,000.

General description of our activity

We were incorporated on October 6, 2016 in the State of Nevada, USA. The Company’s business operations are located in Romania. As of June 30, 2018 Crona Corp. has generated revenues of $36,210 in Romania, Bucharest revenues. We have never declared bankruptcy, have never been in receivership, and have never been involved in any legal action or proceedings.

We can book as little as one hour or as many as 24 hours per day, allowing the business to focus on providing recording services for record labels, music producers, and recording artists. The facility and its equipment are rented on either an hourly, daily, weekly, or monthly basis as dictated by the clients’ needs. In addition to studio and engineer/producer services, and in the course of ongoing business, it is customary in the recording industry that the Studio will occasionally enter into certain licensing agreements that will provide revenue over and above the rental and services income. There is no particular standard as to the frequency or amount of this revenue and it is negotiated on an individual basis. These licensing agreements can include, but are not limited to, production agreements, writer agreements, and performing agreements, all yielding a percentage of revenue earned through the exploitation of the product produced.

Our target markets are artists, organizers of various events and representatives of various industries of show business (TV, cinema, and entertainment clubs).

We expect to face strong competition from well-established companies and small independent companies like our self that may result in price reductions and decreased demand for service of music studio. There are several companies in Romania in our

industry, such as: DAW.RO, INES Studios, and Harmonix Recording Studio. Management believes that we can develop ourselves in the industry, once we attract customers and become profitable.

Licensing

From time to time the Company may enter into licensing agreements with music production and distribution companies.

The license agreements may typically grant the production and distribution company rights to a music single or all of an act's music in a particular country or region with a term of three to fifteen years. The production or distribution company can then distribute the music in record or CD format, mp3, ring tone, or any other music media licensed in the agreement.

The Company will typically receive royalties of a negotiated percentage between 18% and 75% of sales of the production and Distribution Company’s published dealer price less certain packaging deductions. In addition, the Company may receive between 18% and 75% of net royalty receipts received in the particular nation or region. In connection with the license agreement, the Company may receive a cash advance.

Crona Corp. signed a Recording Studio Contracts with the following customers: NM & Mike J Production, Vent Event Romania, World Music Ltd. and MALISTIRNO SRL.

Crona Corp. has generated revenues of $36,210 for providing recording service to our customers.

STARTUP EQUIPMENT

We believe that a lot of talented people will be interested in our service. The Company has purchased initially needed equipment for the recording purposes, which is presented as following:

Sound System tp20000Q power amplifier 2100W* 4CH

Professional recording sound card USB audio interface Hot Roland AU-53

Sound Recording Microphone BM-680

Karaoke audio mixer player 4K Ultra

Mixer Large Sound Console LX9-20

Closed monitoring headphone

Professional Studio Broadcasting Recording Condenser Microphone Kit with Microphone stand- NM-650

Studio Monitor Speakers One Pair FMUSER FU-584 100W

2-Way Active Studio monitor Speaker- Hivi X3

Screen display stand desktop lift multi-screen- D7T Three

Electric Guitar Hollow Body Wine Red G5122-1965

NUX MG-20 Guitar Modeling Processor Drum Pattern

Bass Guitar Black Color 4002

Practical guitar transposer

African drum sheepskin for drum heads professional

UpBright Adapter for M-Audio Keystation Line MAudio Key Station Pro

Connector Power adapter NAC3FCA PowerCon 20A AC Cable 20pcs

Nylon cable ties HWEXPRESS, 100 PCS 3 x100 (mm) Self

HAMA Cables

MOGAMI CP12S/HR4P

4pin Adapter cable for DSLR Rig Power V-Mount Limit

Sound Card/6 channel Audio Card CMI8738-6CH PCI-E

Voice recording software GoldWave

Voice recording software Mixcraft

Voice recording software Blaze Media Pro

On March 21, 2018, the Company transferred all the equipment to the prior director Andrei Gurduiala. The Company is unable to conduct its business currently, as the equipment was its core production tool. The Company expects to expand its operations in Romania to conquer the market during 2020.

OUR RECORDERS

Stand-alone digital multitrack recorders that have everything needed for recording, mixing, and producing music. The advantage digital multitrack recorders have over computer based mixing is that they force you to use your ears - when watching a computer screen, it is sometimes tempting to mix with your eyes.

OUR MIXERS

We provide a guide to studio mixing consoles. The audio mixer is literally the heart of every live performance, where all sounds converge to be processed and blended - and finally pumped out through the speakers. It is where major connections are routed to, and where important parameters are set including volume, EQ adjustments, balancing and many more.

MICROPHONES

We focus on top rated condenser and dynamic mics that are currently being used in professional studios. Note that while the main consideration is vocal recording, the mics we feature also work well with instruments, making them ideal additions to any studio.

COMPRESSORS

A compressor reduces the dynamic range of a signal, in other words, it reduces the difference between the loudest and quietest levels. A limiter places an upper ceiling on the output level to prevent clipping - in the digital world clipping instantly becomes distortion.

MONITORS

When you need to work on your recorded music you need to hear exactly how it sounds, warts and all. Generally speaking, multimedia and hi-fi speakers are not suitable for the task because they tend to color the sound. This is where good studio monitors come in, they reproduce sound as transparently as possible, so you can make honest assessments and apply the right adjustments to your mix.

INSTRUMENTS

In the near future the Company is planning add additional instruments to our already purchased, such as Electric Guitar, Bass, Acoustic Guitar, Keyboards and Drums.

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.

REORGANIZATIONS, PURCHASE OR SALE OF ASSETS

The Company transferred all the equipment to the prior director Andrei Gurduiala on March 21, 2018.

COMPLIANCE WITH GOVERNMENT REGULATION

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

We do not believe that any existing or probable government regulation on our business, including any applicable export or import regulation or control imposed by China or the Romania will have a material impact on the way we conduct our business.

FACILITIES

We currently rent our physical property in Romania. Our current registration address is Strada Jean-Louis Calderon 31, Bucharest, 030167, Romania. Our leased office has been already equipped with soundproof materials and it has a special room for the recording of sound, which has “room-in-room effect”. We believe that the studio also has been placed in a good location area because it is easy to find, has good parking, essential for bands with drum kits, and good transport links. Our leased office is located at Strada C. A. Rosetti 5, Bucharest 030167 Romania. Our telephone number is +40371700093. This location serves as our primary office for planning and implementing our business plan.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

We have no employees as of the date of this prospectus. Our sole officer and director, Robert T. Malasek, currently devotes approximately 20 hours per week to company matters. After receiving funding, Robert T. Malasek 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.

COMMON STOCK

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

On November 25, 2016, the Company issued 5,000,000 shares of common stock to a director for cash proceeds of $5,000 at $0.001 per share.

During May 2017, the Company issued 1,087,500 shares of common stock to shareholders for cash proceeds of $32,490 at $0.03 per share.

There were 6,087,500 shares of common stock issued and outstanding as of June 30, 2018.

MANAGEMENT’S 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 compensate on matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency;” and 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.

We will remain an “emerging growth company” for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1 billion, (ii) the date that we become a “large accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, which would occur if the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter or the date on which we have issued more than $1 billion in non-convertible debt during the preceding three year period.

RESULTS OF OPERATION

Results of Operations for the six months ended June 30, 2018 and 2017:

Revenue and cost of goods sold

For the three months ended June 30, 2018 the Company had not generated any revenue.

For the three months ended June 30, 2017 the Company generated total revenue of $6,910 from providing sound recording services to its customers.

For the six months ended June 30, 2018 Crona Corp. had not generated any revenue.

For the six months ended June 30, 2017 the Company generated total revenue of $8,410 from providing sound recording services to its customers.

Operating expenses

Total operating expenses for the three months ended June 30, 2018 were $3,000. The operating expenses for the three months ended June 30, 2018 included advertising expense of $1,325; rent expense of $675 and professional fees of $1,000.

Total operating expenses for the three months ended June 30, 2017 were $20,111. The operating expenses for the three months ended June 30, 2017 included rent equipment expense of $6,667; advertising expense of $7,950; bank charges of $797; depreciation of $412; legal fees $1,448; audit fees of $2,000; business license expense of $163 and rent expense of $675.

Total operating expenses for the six months ended June 30, 2018 were $6,692. The operating expenses for the six months ended June 30, 2018 included advertising expense of $3,313; depreciation of $1,029; rent expense of $1,350 and professional fees of $1,000. The Company had a loss on asset sale of $11,421 for the six months ended June 30, 2018.

Total operating expenses for the six months ended June 30, 2017 were $27,820. The operating expenses for the six months ended June 30, 2017 included rent equipment expense of $6,667; advertising expense of $7,950; bank charges of $925; depreciation of $655; legal fees $3,448; audit fees of $6,500; business license expense of $326 and rent expense of $1,350.

Net Loss

The net loss for the three months ended June 30, 2018 and 2017 was $3,000 and $13,201, respectively.

The net loss for the six months ended June 30, 2018 and 2017 was $18,113 and $19,410, respectively. The changes are related to decrease in professional expenses and a loss on the sale of equipment and furniture.

Liquidity and capital resources

As at June 30, 2018, our total assets were $776.

As at June 30, 2018, our current liabilities were $1,000.

As at June 30, 2018, we had a working capital deficit of $224.

CASH FLOWS FROM OPERATING ACTIVITIES

We have not generated positive cash flows from operating activities. For the six months ended June 30, 2018 net cash flows used in operating activities was $0.

CASH FLOWS FROM INVESTING ACTIVITIES

For the six months ended June 30, 2018 we generated $0 in investing activities.

CASH FLOWS FROM FINANCING ACTIVITIES

For the six months ended June 30, 2018 net cash flows from financing activities was negative and equaled $8,300.

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

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 the 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, 2018. 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.

PART II. OTHER INFORMATION


ITEM 1.	LEGAL PROCEEDINGS

We are not involved in any pending legal proceeding 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 SECURITES

None


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

None


ITEM 5.	OTHER INFORMATION

None


ITEM 6.	EXHIBITS

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



31.1		Certification of Chief Executive 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.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the Bucharest, Romania on July 1, 2020.


Crona Corp.

By:	/s/	Andrei Gurduiala
	Name:	Andrei Gurduiala
	Title:	President, Treasurer, Secretary and Director
		(Principal Executive, Financial and Accounting Officer)


			Page
PART I	FINANCIAL INFORMATION:

Item 1.	Financial Statements		3

	Condensed Balance Sheets as of June 30, 2018 (Unaudited) and December 31, 2017 Condensed Statements of Operations for the six months ended June 30, 2018 and 2017		4 5

	Condensed Statements of (Deficit) Equity for the three and six months ended June 30, 2018 and 2017		6

	Condensed Statements of Cash Flows for the six months ended June 30, 2018 and 2017		7

	Notes to the Condensed Financial Statements		8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		11

Item 3.	Quantitative and Qualitative Disclosures About Market Risk		16

Item 4.	Controls and Procedures		16

PART II		OTHER INFORMATION:

Item 1.	Legal Proceedings		17

Item 1A	Risk Factors		17

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		17

Item 3.	Defaults Upon Senior Securities		17

Item 4.	Submission of Matters to a Vote of Securities Holders		17

Item 5.	Other Information		17

Item 6.	Exhibits		17

	Signatures


	Common Stock		Additional Paid-in	Accumulated Deficit	Total Stockholder’s
	Shares	Amount	Capital		(Deficit) Equity
Balance, December 31, 2016	5,000,000	$ 5,000	$ -	$ (923)	$ 4,077
Shares issued for cash	1,087,500	1,088	31,403	-	32,490

Net loss for the six months ended June 30, 2017	-	-	-	(19,410)	(19,410)

Balance, June 30, 2017	6,087,500	$ 6,088	$ 31,403	$ (20,333)	$ 17,157

Balance, March 31, 2017	5,000,000	$ 5,000	$ -	$ (7,132)	$ (2,132)
Shares issued for cash	1,087,500	1,088	31,403	-	32,490

Net loss for the three months ended June 30, 2017	-	-	-	(13,201)	(13,201)

Balance, June 30, 2017	6,087,500	$ 6,088	$ 31,403	$ (20,333)	$ 17,157


Balance, December 31, 2017	6,087,500	$ 6,088	$ 31,403	$ (19,601)	$ 17,890

Net loss for the six months ended June 30, 2018	-	-	-	(18,113)	(18,113)

Balance, June 30, 2018	6,087,500	$ 6,088	$ 31,403	$ (37,715)	$ (224)

Balance, March 31, 2018	6,087,500	$ 6,088	$ 31,403	$ (34,715)	$ 2,776

Net loss for the three months ended June 30, 2018	-	-	-	(3,000)	(3,000)

Balance, June 30, 2018	6,087,500	$ 6,088	$ 31,403	$ (37,715)	$ (224)