UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

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

For the fiscal year ended December 31, ~~2023~~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 ofIncorporation or Organization)	(Primary Standard IndustrialClassification Number)	(IRS EmployerIdentification Number)
(State or Other Jurisdiction of Incorporation or Organization)	(Primary Standard Industrial Classification Number)	(IRS EmployerIdentification Number)

304 South Jones Blvd. #~~7356~~7356Las Vegas, Nevada 89107Tel: (888) 998-9449 (Address and telephone number of principal executive offices)

Las Vegas, Nevada 89107

Tel: (888)998-1888

(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 ononwhich ~~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 ~~and posted on its corporate web site, if any,~~ every Interactive Data File required to be submitted ~~and posted~~ pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit ~~and post~~ 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 13(a) of the Exchange Act. ☐

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

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Yes ☐ No ☒

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 6,587,500 common shares issued and outstanding as of ~~June~~ 26February 27, ~~2024~~ 2025.

TABLE OF CONTENTS

	PART I
	PART 1
ITEM 1	Description of Business	3	3
ITEM 1A	Risk Factors	5	5
ITEM 2	Description of Property	5	5
ITEM 3	Legal Proceedings	5	5
ITEM 4	Submission of Matters to a Vote of Security Holders	5	5
	PART II
ITEM 5	Market for Common Equity and Related Stockholder Matters	6	6
ITEM 6	Selected Financial Data	6	6
ITEM 7	Management's Discussion and Analysis of Financial Condition and Results of Operations	7	6
ITEM 7A	Quantitative and Qualitative Disclosures about Market Risk	8	8
ITEM 8	Financial Statements and Supplementary Data	8	8
ITEM 9	Changes In and Disagreements with Accountants on Accounting and Financial Disclosure	9	24
ITEM 9A (T)	Controls and Procedures	9	24
	PART III
ITEM 10	Directors, Executive Officers, Promoters and Control Persons of the Company	10	25
ITEM 11	Executive Compensation	11	26
ITEM 12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	12	26
ITEM 13	Certain Relationships and Related Transactions	12	27
ITEM 14	Principal Accountant Fees and Services	12	27
	PART IV
ITEM 15	Exhibits	13	28
	Signatures	14	29

Table of Contents

PART I

Item 1. Description of Business

FORWARD-LOOKING STATEMENTS

This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

GENERAL

Brief description of Crona Corp.

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

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

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

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

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

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

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

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

On May 11, 2023 the Company authorized “Class B Preferred Stock,” and the number of shares constituting such Class shall be 10,000,000 (the “Class B Preferred Stock”).

On June 22, 2023, a shareholder holding majority voting power of the shares of the Company, by written consent, voted to elect Demetrios Malamas to the Company’s board of Directors.

On June 22, 2023, the Company received the resignation of Chris Brown as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, Secretary and Director and the resignation of Robert Brown as Director. The Company’s Board of Directors now has two members.

Also on June 22, 2023, the Company appointed Demetrios Malamas as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.

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Also on June 22, 2023, the Company appointed Demetrios Malamas as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.

On June 28, 2023, the Company canceled the forward split (Effective as of March 6, 2023 (the “Effective Date”), all issued and outstanding shares of common stock of the Corporation automatically shall be increased at a rate of five-for-one (the “Forward Split”)) and filed a name change with the State of Wyoming to American Caskets Company.

On July 20, 2023 the State of Wyoming filed and stamped the amendments.

General description of our activity

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

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

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

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

RESEARCH AND DEVELOPMENT EXPENDITURES

We have not incurred any research expenditures since our incorporation.

BANKRUPTCY OR SIMILAR PROCEEDINGS

There has been no bankruptcy, receivership or similar proceeding.

COMPLIANCE WITH GOVERNMENT REGULATION

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

4 Table of Contents

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.

~~(888)~~4 ~~998-1888.~~Table of Contents

EMPLOYEES AND EMPLOYMENT AGREEMENTS

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

LEGAL PROCEEDINGS

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

Item 1A. Risk Factors

Not applicable to smaller reporting companies.

Item 2. Description of Property

We do not own any real estate or other properties.

Item 3. Legal Proceedings

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

Item 4. Submission of Matters to a Vote of Security Holders

None.

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PART II

Market Information

There is a limited public market for our common shares. The common shares of the Company are traded on OTC Markets under the ticker symbol of CCCP. As of December 31, ~~2023~~2024, the total amount of shares of our common stock have traded counted 6,587,500.

Number of Holders

As of December 31, ~~2023~~2024, the 6,587,500 issued and outstanding shares of common stock were held by a total of 20 shareholders of record.

Dividends

No cash dividends were paid on our shares of common stock during the fiscal years ended December 31, ~~2023~~2024 and ~~2022~~2023. We have not paid any cash dividends since our inception and do not foresee declaring any cash dividends on our common stock in the foreseeable future.

Recent Sales of Unregistered Securities

None.

Purchase of our Equity Securities by Officers and Directors

None.

Other Stockholder Matters

None.

Item 6. Selected Financial Data

Not applicable.

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Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

6 Table of Contents

RESULTS OF OPERATIONS

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

FISCAL YEAR ENDED DECEMBER 31, ~~2023~~2024 COMPARED TO FISCAL YEAR ENDED DECEMBER 31, ~~2022~~2023.

Our net loss for the fiscal year ended December 31, ~~2023~~2024 was $~~193~~77,~~626~~395 compared to a net ~~income~~loss of $45193,~~148~~626 during the fiscal year ended December 31, ~~2022~~2023. The changes are related to ~~increase~~decrease in professional fees.

Operating expenses for the year ended December 31, ~~2023~~2024 consisted of amortization on convertible promissory note of $151,~~137~~863; depreciation expenses of $3129,~~437~~487; professional fees of $~~110~~15,~~514~~612 and general and administrative expenses of $157,~~280~~562. Operating expenses for the year ended December 31, ~~2022~~2023 consisted of professional fees of $28110,~~124~~514; amortization on convertible promissory note of $15,137; depreciation expenses of $31,437 and general and administrative expenses of $415,~~846~~280. The ~~increase~~decrease in expenses is related to ~~increase~~decrease in professional fees.

LIQUIDITY AND CAPITAL RESOURCES

FISCAL YEARS ENDED DECEMBER 31, ~~2023~~2024 and ~~2022~~2023

As of December 31, ~~2023~~2024, and ~~2022~~2023, our total assets were $6839,~~818~~076 and $~~102~~68,~~510~~818 respectively which comprised of prepaid expenses and long term assets.

As of December 31, ~~2023~~2024 and ~~2022~~2023, our total liabilities were $~~260~~308,~~942~~595 and $ ~~101~~260,~~820~~942 which comprised of related party advances, interest payable and accounts payable.

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the fiscal year ended December 31, 2023 and 2022, net cash flows from operating activities were $(120,094) and $(43,881) respectively.

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Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the fiscal year ended December 31, 2024 and 2023, net cash flows from operating activities were $(20,140) and $(120,094) respectively.

Cash Flows from Investing Activities

For the fiscal year ended December 31, ~~2023~~2024 and ~~2022~~2023, net cash flows from investing activities were $0 and $~~(5,000)~~0 respectively

Cash Flows from Financing Activities

We have financed our operations primarily from either advances or the issuance of equity and debt instruments. For the fiscal year ended December 31, ~~2023~~2024 and ~~2022~~2023, net cash flows from financing activities were $~~120~~20,~~282~~140 and $48120,~~881~~282 respectively.

PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the advances from the related parties.

MATERIAL COMMITMENTS

As of the date of this Annual Report, we do not have any material commitments.

PURCHASE OF SIGNIFICANT EQUIPMENT

We do not intend to purchase any significant equipment during the next twelve months.

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Annual Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

GOING CONCERN

The independent auditors' report accompanying our December 31, ~~2023~~2024 and ~~2022~~2023 financial statements contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

Item 7A. Quantitative and Qualitative Disclosures about Market Risk

Not applicable to smaller reporting companies.

Item 8. Financial Statements and Supplementary Data

Table of Contents

INDEX TO FINANCIAL STATEMENTS

CRONA CORP.

TABLE OF CONTENTS

		Page
Report of Independent Registered Public Accounting Firm (6993)		10
Report of Independent Registered Public Accounting Firm		10
Report of Independent Registered Public Accounting Firm (3289)		12
Balance Sheets as of December 31, 2024 and December 31, 2023		11
Balance Sheets as of December 31, 2023 and 2022		14
Statements of Operations for the years ended December 31, 2024 and 2023		12
Statements of Operations for the years ended December 31, 2023 and 2022		15
Statements of Stockholders’ Deficit for the years ended December 31, 2024 and 2023		13
Statements of Stockholders’ Deficit for the years ended December 31, 2023 and 2022		16
Statements of Cash Flows for the years ended December 31, 2024 and 2023		14
Statements of Cash Flows for the years ended December 31, 2023 and 2022		17
Notes to the Financial Statements		15
Notes to the Financial Statements		18

9F-1 Table of Contents

Report of the Independent Registered Public Accounting Firm

To the shareholders and the board of directors of

Crona Corp.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Crona Corp fas of December 31, 2024 and 2023, and the related statements of operations, changes in stockholders' equity, and cash flows for ~~the~~each ~~year~~of ~~then ended, and~~ the ~~related~~two ~~notes~~years ~~(collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly,~~ in ~~all material respects,~~ the ~~financial~~period ~~position~~ended ~~of the Company as of~~ December 31, ~~2023,~~2024 and ~~the~~2023, ~~results of its operations~~ and ~~its cash flows for~~ the ~~year~~related ~~ended~~notes ~~December~~(collectively ~~31,~~referred ~~2023,~~to inas ~~conformity with accounting principles generally accepted in~~ the ~~United~~"financial ~~States of America~~statements").

In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Going Concern

The accompanying financial statements have been prepared assuming the Company will continue as a going concern as disclosed in Note 2 to the financial statement, the Company incurred a net loss of $~~193~~(77,~~626~~395) and an accumulated deficit of $~~230~~(307,~~427~~822). asThe ofCompany ~~December~~is ~~31,~~dependent ~~2023.~~on ~~The~~obtaining ~~continuation~~additional ofworking ~~the~~capital ~~Company~~funding asfrom athe ~~going~~existing ~~concern~~shareholders ~~through~~or ~~December~~external ~~31,~~fund ~~2023,~~providers isto ~~dependent~~meet ~~upon~~the ~~improving~~Company’s ~~the~~obligations ~~profitability~~as ~~and~~they ~~the~~become ~~continuing~~due. ~~financial~~These ~~support~~conditions ~~from~~raise ~~its~~substantial ~~stockholders~~doubt ~~and~~about ~~lenders.~~the ~~Management~~Company’s ~~believes~~ability ~~the~~to ~~existing~~continue ~~shareholders~~as ora ~~external~~going ~~fund~~concern. ~~providers~~These ~~will~~financial ~~provide~~statements ~~the~~do ~~additional~~not ~~cash~~include toany ~~meet~~adjustments ~~the~~that ~~Company’s~~might ~~obligations~~result asfrom ~~they~~the ~~become~~outcome ~~due~~of this uncertainty.

These factors raise substantial doubt about the Company ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of the uncertainty.

Basis for Opinion

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

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

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

Critical Audit Matters

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. Communication of critical audit matters does not alter in any way our opinion on the financial statements taken as a whole and we are not, by communicating the critical audit matters, providing separate opinions on the critical audit matter or on the accounts or disclosures to which they relate.

~~Critical~~Convertible ~~Audit~~and ~~Matter~~promissory ~~Description~~notes

During the Audit, we observed that the company has convertible and promissory notes which are both matured in the year 2024. The company is unable to fulfil the repayment obligation upon maturity hence, they extended repayment for Thirty-six months and Twelve months respectively.

We identified this as a Critical Audit Matter because Management exercise significant judgement in negotiating and determining the suitable extension period for the repayment of the principal sum. Also, the risk of being exposed to company takeover by the lenders in the event of failure to repay at maturity or non-conversion of convertible note to shares.

The procedures performed includes:

	·	We review and evaluated Management plans and their intending business plans for business operations
	·	We reviewed the extension notice agreement and challenge the judgement made
	·	We reviewed the original and extended agreement for the notes.
	·	We raised confirmation to the note holders for confirmation of balances

F-2

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Going Concern Uncertainty – See also Going Concern Uncertainty explanatory paragraph above

As described further in Note 2 to the financial statements, the Company has suffered recurring losses from operations and does not have an established source of revenues sufficient to cover its operating costs. The ability of the Company to continue as a going concern is dependent on executing its business plan and ultimately to attain profitable operations. Accordingly, the Company has determined that these factors raise substantial doubt as to the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements.

10Management ~~Table~~anticipates ofthat ~~Contents~~the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. However, the Company has not concluded that these plans alleviate the substantial doubt related to its ability to continue as a going concern.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets.

However, the Company has not concluded that these plans alleviate the substantial doubt related to its ability to continue as a going concern.

We determined the Company’s ability to continue as a going concern is a critical audit matter due to the estimation and uncertainty regarding the Company’s available capital and the risk of bias in management’s judgments and assumptions in their determination. Our audit procedures related to the Company’s assertion on its ability to continue as a going concern included the following, among others:

	·	We performed testing procedures such as analytical procedures to identify conditions and events that indicate that there could be substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time.
	·	We reviewed and evaluated management's plans for dealing with adverse effects of these conditions and events.
	·	We inquired of Company management and reviewed company records to assess whether there are additional factors that contribute to the uncertainties disclosed.
	·	We assessed whether the Company’s determination that there is substantial doubt about its ability to continue as a going concern was adequately disclosed.

/S/ Boladale Lawal

Boladale Lawal & CO (PCAOB ID 6993)

We have served as the Company's auditor since 2024

Lagos, Nigeria

~~June~~February 2425, ~~2024~~2025

11F-3 Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

CRONA CORP.
BALANCE SHEETS

	December 31, 2024			December 31, 2023

ASSETS
Current Assets
Prepaid expenses	$	-		$	255
Total Current Assets		-			255
Long-term Assets
Intangible asset, net		25,006			50,013
Property, plant and equipment, net		14,070			18,550
Total Long-term Assets		39,076			68,563
Total Assets	$	39,076		$	68,818
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities
Current Liabilities
Accounts payable	$	7,323		$	2,544
Accrued expenses		-			2,000
Interest payable		44,129			21,258
Related party advances		24,643			4,503
Convertible notes payable, net of discount		132,500			130,637
Total Current Liabilities		208,595			160,942
Promissory note, related party		100,000			100,000
Total Long Term Liabilities		100,000			100,000
Total Liabilities		308,595			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 December 31, 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 December 31, 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		(307,822	)		(230,427	)
Total Stockholders’ Deficit		(269,519	)		(192,124	)
Total Liabilities and Stockholders’ Deficit	$	39,076		$	68,818

See accompanying notes to unaudited financial statements.

ToF-4 ~~the~~Table ~~Board~~ of ~~Directors and~~Contents

Stockholders of Crona Corp.

CRONA CORP.
STATEMENTS OF OPERATIONS

	For the year ended			For the year ended
	December 30,			December 30,
	2024			2023

REVENUES	$	-		$	-
OPERATING EXPENSES
Amortization on convertible promissory note		1,863			15,137
Depreciation and amortization expense		29,487			31,437
General and administrative expenses		7,562			15,280
Professional fees		15,612			110,514
TOTAL OPERATING EXPENSES		54,524			172,368
OTHER INCOME (EXPENSE)
Interest expenses		(22,871	)		(21,258	)
TOTAL OTHER EXPENSES		(22,871	)		(21,258	)
LOSS FROM OPERATIONS		(77,395	)		(193,626	)
PROVISION FOR INCOME TAXES		-			-
NET LOSS	$	(77,395	)	$	(193,626	)
OTHER COMPREHENSIVE LOSS
Foreign Currency Translation Adjustment					(188	)
COMPREHENSIVE LOSS		(77,395	)		(193,814	)
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.01	)	$	(0.03	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		6,587,500			6,176,541

See accompanying notes to unaudited financial statements.

~~Opinion~~F-5 onTable ~~the~~of ~~Financial Statements~~Contents

We have audited the accompanying balance sheets of Crona Corp. (the Company) as of December 31, 2022 and 2021, and the related statements of operations, stockholders’ deficit, and cash flows for each of the years in the two-year period ended December 31, 2022, and the related notes and schedules (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2022 and 2021, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2022, in conformity with accounting principles generally accepted in the United States of America.

CRONA CORP.
STATEMENTS OF STOCKHOLDERS’ (DEFICIT)
For the year ended December 31, 2023 and 2024

	Preferred Series A				Common Stock				Additional Paid-in		Accumulated			Other Comprehensive			Total Stockholders’
	Shares		Amount		Shares		Amount		Capital		Deficit			Loss			Deficit

For the year ended December 31, 2023

Balance, December 31, 2022		-	$	-		6,087,500	$	6,088	$	31,403	$	(36,801	)	$	-		$	690
Shares issued for services		5,000,000		50		-		-		450		-			-			500
Shares issued for settlement of debt		-		-		500,000		500		-		-			-			500
Foreign currency translation adjustment		-		-		-		-		-		-			(188	)		(188	)
Net loss		-		-		-		-		-		(193,626	)		-			(193,626	)
Balance, December 31, 2023		5,000,000	$	50		6,587,500	$	6,588	$	31,853	$	(230,427	)	$	(188	)	$	(192,124	)

For the year ended December 31, 2024

Balance, December 31, 2023		5,000,000	$	50		6,587,500	$	6,588	$	31,853	$	(230,427	)	$	(188	)	$	(192,124	)
Net loss		-		-		-		-		-		(77,395	)		-			(77,395	)
Balance, December 31, 2024		5,000,000	$	50		6,587,500	$	6,588	$	31,853	$	(307,822	)	$	(188	)	$	(269,519	)

See accompanying notes to unaudited financial statements.

~~Substantial~~F-6 ~~Doubt~~Table ~~about~~of ~~the Company’s Ability to Continue as a Going Concern~~Contents

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

CRONA CORP.
STATEMENTS OF CASH FLOWS
	For the year ended December 31, 2024			For the year ended December 31, 2023

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(77,395	)	$	(193,626	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization expenses		25,007			25,007
Depreciation expenses		4,480			6,430
Amortization of discount on promissory note		1,863			15,137
Share based compensation		-			500
Changes in operating assets and liabilities:
Prepaid expenses		255			2,255
Interest payable on convertible promissory note		22,871			21,258
Accounts payable		4,779			2,445
Accrued expenses		(2,000	)		500
NET CASH USED IN OPERATING ACTIVITIES		(20,140	)		(120,094	)
CASH FLOWS FROM FINANCING ACTIVITIES
Convertible promissory note issued		-			116,000
Advances from related party		20,140			7,825
Repayment to related party		-			(3,543	)
NET CASH FROM FINANCING ACTIVITIES		20,140			120,282
NET INCREASE (DECREASE) IN CASH		-			188
Effects of currency translation on cash		-			(188	)
Cash, beginning of period		-			-
Cash, end of period	$	-		$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-
NON-CASH FINANCING AND INVESTING ACTIVITIES:

See accompanying notes to unaudited financial statements.

~~Basis~~F-7 ~~for~~Table ~~Opinion~~of Contents

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

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

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

Critical Audit Matters

The critical audit matters communicated below are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

Accounting for Asset Acquisition

Effective December 29, 2022, the Company acquired assets of ZeroBlast Services, Ltd. We identified the application of acquisition method of accounting as a critical audit matter due to the complex accounting and reporting standards related to the transaction, and the estimates and assumptions used by management in determining the proper allocation of the consideration given to the assets acquired.

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How the Critical Audit Matter Was Addressed in the Audit

Our audit procedures included the following, among others:

We obtained and reviewed the asset purchase agreement and other documents to evaluate the Company’s application of relevant accounting standards to the transaction. We evaluated the reasonableness of the valuation model and methodologies used to arrive at the value applied to acquired assets. We evaluated the accuracy and completeness of the Company’s presentation of the acquisition in the financial statements, including evaluating whether disclosures were in accordance with relevant accounting standards.

/s/ Accell Audit & Compliance, P.A. We have served as the Company’s auditor since 2017. PCAOB Firm ID#3289 Tampa, Florida April 24, 2023

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CRONA CORP.
BALANCE SHEETS
	December 31,2023			December 31,2022
ASSETS
Current Assets
Prepaid expenses	$	255		$	2,510
Total Current Assets		255			2,510
Long-term Assets
Intangible asset, net		50,013			75,020
Property, plant and equipment, net		18,550			24,980
Total Long-term Assets		68,563			100,000
Total Assets	$	68,818		$	102,510
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
Liabilities
Current Liabilities
Accounts payable	$	2,544		$	99
Accrued expenses		2,000			1,500
Interest payable		21,258			-
Related party advances		4,503			221
Convertible notes payable, net of discount		130,637			-
Total Current Liabilities		160,942			1,820
Promissory note, related party		100,000			100,000
Total Long Term Liabilities		100,000			100,000
Total Liabilities		260,942			101,820
Commitments and contingencies (Note 6)
Stockholders’ (Deficit) Equity
Preferred stock, par value $0.00001 10,000,000 shares authorized, 5,000,000 shares issued and outstanding as of December 31, 2023 and December 31, 2022		50			-
Common stock, par value $0.001; 1,000,000,000 shares authorized, 6,587,500 shares and 6,087,500 shares issued and outstanding as of December 31, 2023 and December 31, 2022 respectively		6,588			6,088
Additional paid in capital		31,853			31,403
Accumulated other comprehensive loss		(188	)		-
Accumulated deficit		(230,427	)		(36,801	)
Total Stockholders’ (Deficit) Equity		(192,124	)		690
Total Liabilities and Stockholders’ (Deficit) Equity	$	68,818		$	102,510
See accompanying notes to audited financial statements.

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CRONA CORP.
STATEMENTS OF OPERATIONS
	For the year ended			For the year ended
	December 31,			December 31,
	2023			2022
REVENUES	$	-		$	-
OPERATING EXPENSES
Amortization on convertible promissory note		15,137			-
Professional fees		110,514			28,124
Depreciation and amortization expense		31,437			-
General and administrative expenses		15,280			4,846
TOTAL OPERATING EXPENSES		172,368			32,970
OTHER INCOME (EXPENSE)
Gain on forgiveness of debt		-			105,118
Impairment expense		-			(27,000	)
Interest expenses		(21,258	)		-
TOTAL OTHER INCOME (EXPENSE)		(21,258	)		78,118
NET GAIN / (LOSS) FROM OPERATIONS		(193,626	)		45,148
PROVISION FOR INCOME TAXES		-			-
NET GAIN/ (LOSS)	$	(193,626	)	$	45,148
OTHER COMPREHENSIVE LOSS
Foreign Currency Translation Adjustment		(188	)		-
COMPREHENSIVE GAIN/ (LOSS)		(193,814	)		45,148
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.03	)	$	0.01
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		6,176,541			6,087,500
See accompanying notes to audited financial statements.

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CRONA CORP.
STATEMENTS OF STOCKHOLDERS’ (DEFICIT) EQUITY
For the year ended December 31, 2022 and 2023
	Preferred Series A				Common Stock				AdditionalPaid-in		Accumulated			Other Comprehensive			Total Stockholders’
	Shares		Amount		Shares		Amount		Capital		Deficit			Loss			(Deficit) Equity
Balance, December 31, 2021		-	$	-		6,087,500	$	6,088	$	31,403	$	(81,949	)	$	-		$	(44,458	)
Net Income		-		-		-		-		-		45,148			-			45,148
Balance, December 31, 2022		-	$	-		6,087,500		6,088		31,403		(36,801	)		-			690
Shares issued for services		5,000,000		50		-		-		450		-			-			500
Shares issued for settlement of debt		-		-		500,000		500		-		-			-			500
Foreign currency translation adjustment		-		-		-		-		-		-			(188	)		(188	)
Net loss		-		-		-		-		-		(193,626	)		-			(193,626	)
Balance, December 31, 2023		5,000,000	$	50		6,587,500	$	6,588	$	31,853	$	(230,427	)	$	(188	)	$	(192,124	)
See accompanying notes to audited financial statements.

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CRONA CORP.
STATEMENTS OF CASH FLOWS
	For the year ended December 31,2023			For the year ended December 31,2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(193,626	)	$	45,148
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization of discount on promissory note		15,137			-
Depreciation and amortization expense		31,437			-
Gain on forgiveness of debt		-			(105,118	)
Impairment expenses		-			27,000
Share based compensation		500			-
Changes in operating assets and liabilities:
Prepaid expenses		2,255			(2,510	)
Accounts payable		2,445			(9,901	)
Accrued expenses		500			1,500
Interest payable		21,258			-
NET CASH USED IN OPERATING ACTIVITIES		(120,094	)		(43,881	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purcahse of software		-			(5,000	)
NET CASH USED IN INVESTING ACTIVITIES		-			(5,000	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible promissory note		116,000			-
Proceeds from related party		7,825			48,881
Repayment to related party		(3,543	)		-
NET CASH FROM FINANCING ACTIVITIES		120,282			48,881
NET INCREASE (DECREASE) IN CASH		188			-
Effects of currency translation on cash		(188	)		-
Cash, beginning of period		-			-
Cash, end of period	$	-		$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Share issued for conversion of promissory note		500
Assets acquired through promissory note	$	-		$	100,000
See accompanying notes to audited financial statements.

17 Table of Contents

Crona Corp.

NOTES TO THE FINANCIAL STATEMENTS

December 31, ~~2023~~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~~December 2229, ~~2023~~2022, the Company’s new address is ~~304~~422 ~~South~~Richards ~~Jones Blvd. #7356~~Street, ~~Las~~Unit ~~Vegas~~170 Vancouver, ~~Nevada~~BC ~~89107~~V6B 2Z4. WeThe ~~are~~core inbusiness of the ~~memorialization~~Company ~~industry,~~is ~~serving~~the ~~our~~elimination ~~customers~~of ingerms ~~cemetery~~ and ~~funeral~~microbes ~~industries.~~through Wedisinfection ~~provide~~and ~~a range of high~~anti-~~quality~~microbial ~~memorial products including funeral caskets~~protection.

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~~revenue through December 31, ~~2023~~2024. The Company currently has accumulated losses of $~~230~~307,~~427~~822 as of December 31, ~~2023~~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.

18 Table of Contents

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.

F-8

Table of Contents

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with ASC 260 “Earnings per share”. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of December 31, ~~2023~~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~~it 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.

19 Table of Contents

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~~like to that applicable to capital leases under current guidance, and leases classified as operating leases) will recognize a right-to-use asset and a lease liability on the balance sheet, initially measured as the present value of lease payments under the lease. The guidance permits companies to make an accounting policy election not to apply the recognition provisions of the guidance to short term leases (leases with a lease term of 12 months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise). If this election is made, lease payments under short term leases will be recognized on a straight-line basis over the lease term. The Company has elected not to apply the standard to short-term leases.

Recent Accounting Pronouncements

There have been no recent accounting pronouncements or changes in accounting pronouncements during the ~~year~~three months ended December 31, ~~2023~~2024, that are of significance or potential significance to the Company.

F-9

Table of Contents

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~~which ifhas ~~the~~been ~~note~~extended isby ~~fully~~tweleve ~~repaid within twelve~~ (12) months ~~interest~~to isDecember ~~waived~~29, 2025. AtThis ~~any time during the first twelve (12) months the~~ note ~~can~~bears beinterest ~~reopened~~at ~~for~~7% ~~either~~per ~~an extension or renegotiation of the terms of the note~~annum.

	As of December 31, 2024
	Face value		Accrued Interest		Net payable
Promissory Note	$	100,000	$	14,019	$	114,019
Total	$	100,000	$	14,019	$	114,019

	As of December 31, 2023
	Face value		Accrued Interest		Net payable
Promissory Note	$	100,000	$	7,058	$	107,058
Total	$	100,000	$	7,058	$	107,058

Accrued Interest as of December 31, 2024, is $14,019 and December 31, 2023, is $7,058. Promissory note payable is $100,000 and $100,000 as of December 31, 2024, and December 31, 2023.

Total interest expenses of $ 6,962 and $7,058 for the year ended December 31, 2024, and 2023.

Note 5 – PROPERTY PLANT & EQUIPMENT

The Company’s Property plant and equipment as of December, ~~2023~~2024 and ~~2022~~2023 are as follows:

	December 31,2023			December 31,2022
	December 31, 2024			December 31, 2023
Property, plant and equipment, gross	$	24,980		$	24,980
Less: Depreciation		(610,~~430~~910	)		-(6,430	)
Property, plant and equipment, net		1814,~~550~~070			2418,~~980~~550

Total depreciation expenses for the year ended December 31, ~~2023~~2024 and ~~2022~~2023 were $64,~~430~~480 and $06,430 respectively.

Note 6 – INTANGIBLE ASSETS

The Company’s intangible assets as of December 31, ~~2023~~2024 and ~~2022~~2023 are as follows:

	December 31,2023			December 31,2022
	December 31, 2024			December 31, 2023
Intangible assets, gross	$	75,020		$	75,020
Less: Amortization		(2550,~~007~~014	)		-(25,007	)
Intangible assets, net	$	5025,~~013~~006		$	7550,~~020~~013

Total amortization expenses for the year ended December 30, ~~2023~~2024 and ~~2022~~2023, were $25,007 and $025,007, respectively.

20F-10 Table of Contents

Note 7 – CONVERTIBLE PROMISSORY NOTE

On February 09, 2023, the Company issued a convertible promissory note (the “February 2023 Note”) at a face value of $133,000 to a third party at an interest rate of 12% per annum. Net proceeds received against the promissory note is $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue. ~~with~~The aextended ~~conversion~~payment ~~price~~date ofshall $0be thirty six (36) months from the issue date.10

	As of December 31, 2023
	As of December 31, 2024
	Face value		Discount on Promissory Note			~~Netpayable~~Net payable		~~AccruedInterest~~Accrued Interest
Convertible Promissory Note	$	~~133~~132,~~000~~500	$	~~(1,863~~0	)	$	~~130~~132,~~637~~500	$	1430,~~200~~111
Less: Common Stock Issued	$	500
Total	$	132,500	$	0		$	132,500	$	30,111
Total	$	132,500	$	(1,863	)	$	130,637	$	14,200

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

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

Accrued Interest as of December 31, 2024, is $30,111 and December 31, 2023, is $ 14,200. The promissory note payable is $ 132,500 and $130,637 as of December 31, 2024, and December 31, 2023.

Total interest expenses of $15,911 and $14,200 for the year ended December 31, 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 ~~the~~ all business assets of the Seller at $100,000. The sum of $100,000 is due on or before December 29, 2024. This note bears interest at 7% per annum. As of ~~December~~June 3130, ~~2023~~2024, and ~~2022~~December 31, 2023, interest payable totaled $2114,~~200~~ 019 and $07,058, 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~~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~~F-11 ~~the~~Table ~~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.~~Contents

During the three months ended June 30, 2023, president & CEO Chris Brown advanced to the ~~company,~~Company $972 towards working capital. 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.

AsDuring ofthe ~~December~~three 31months ended June 30, ~~2023~~2024, ~~and~~director ~~2022~~Lucille Zdunich, ~~due~~advanced to ~~related~~the ~~party~~Company is $411,~~503~~000 towards working capital. These advances are unsecured, non-interest bearing and ~~$221~~due ~~respectively~~on demand.

21During ~~Table~~the ofthree ~~Contents~~months ended September 30, 2024, director Lucille Zdunich, advanced to the Company $5,779 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

During the three months ended December 31, 2024, director Lucille Zdunich, advanced to the Company $3,361 towards working capital. These advances are unsecured, non-interest bearing and due on demand

As of December 31, 2024, and December 31, 2023, due to related parties is $24,643 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 December 31, ~~2023~~2024, and ~~2022~~December 31, 2023, the company’s common shares issued and outstanding isare 6,587,500 and 6,~~087~~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 December 31, ~~2023~~2024, and ~~2022~~December 31, 2023, the company’s preferred shares issued and outstanding isare 5,000,000 and 05,000,000 respectively.

Note 10 – COMMITMENTS AND CONTINGENCIES

InFrom ~~November~~time ~~20,~~to ~~2020~~time, the Company ~~has~~is ~~entered~~subject ~~into~~to avarious ~~new~~litigation ~~rental~~and ~~agreement~~other ~~for~~claims ain ~~$371 monthly fee, starting on December 1, 2020, for a period of one year. In January 2022,~~ the ~~Company~~normal ~~extended~~course ~~the lease agreement for a period~~ of ~~one year~~business. The ~~lease~~Company ~~was~~establishes ~~terminated~~liabilities in ~~July~~connection ~~2022.~~with ~~For~~legal ~~the~~actions ~~year~~that ~~ended~~management ~~December~~deems ~~31,~~to ~~2023~~be ~~and~~probable ~~2022 rent expense was $0~~ and ~~$2,226,~~estimable. ~~respectively,~~No ~~which~~amounts ishave ~~included~~been ~~within~~accrued ~~general~~in ~~and~~the ~~administrative~~financial ~~expenses~~statements onwith ~~the~~respect ~~statements~~to ofany ~~operations~~matters.

~~From time~~F-~~to-time,~~12 ~~the~~Table ~~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.Contents

Note 11 – INCOME TAXES

The Company adheres to the provisions of uncertain tax positions as addressed in ASC 740 “Income Taxes” (“ASC 740”). As of December 31, ~~2023~~2024, the Company had net operating loss carry forwards of $~~230~~307,~~427~~822 that may be available to reduce future years’ taxable income in varying amounts through 2041. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The valuation allowance at December 31, ~~2023~~2024 was $4864,~~390~~643. The net change in valuation allowance for the year ended December 31, ~~2023~~2024 was $4016,~~701~~253. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized.

The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of December 31, ~~2023~~2024. All tax years since inception remain open for examination by taxing authorities.

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The provision for Federal income tax consists of the following:

	As of December 31, 2023			As of December 31, 2022
	December 31, 2024			December 31, 2023
Non-current deferred tax assets:
Gross deferred tax asset		64,643			48,390
Gross deferred tax assets	$	48,390		$	7,728
Valuation allowance		(64,643	)		(48,390	)
Valuation allowance		(48,390	)		(7,728	)
Net deferred tax asset		-			-
Net deferred tax assets	$	-		$	-

The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the years ended December 31, ~~2023~~2024 and ~~2022~~2023 as follows:

	As of December 31, 2023			As of December 31, 2022
	For the year ended December 31, 2024			For the year ended December 31, 2023
Computed “expected” tax expense (benefit)	$	40,701		$	9,481
Income tax expense (benefit) at statutory rate		(16,253	)		(40,701	)
Change in valuation allowance		~~(40~~16,~~701~~253	)		(940,~~481~~701	)
Actual tax expense (benefit)	$	-		$	-
Income tax expense		-			-

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

Note 12 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to December 31, ~~2023~~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.

23F-13 Table of Contents

Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure

None.

Item 9A(T). Controls and Procedures

Management’s Report on Disclosure Controls and Procedures

Management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). The Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Under the supervision and with the participation of management, including the Chief Executive Officer and Chief Financial Officer, the Company conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of December 31, ~~2023~~2024 using the criteria established in “Internal Control - Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO").

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. In its assessment of the effectiveness of internal control over financial reporting as of December 31, ~~2023~~2024 the Company determined that there were control deficiencies that constituted material weaknesses, as described below.

	1.	We did not maintain appropriate cash controls – As of December 31, 2023, the Company has not maintained sufficient internal controls over financial reporting for the cash process, including failure to segregate cash handling and accounting functions, and did not require dual signature on the Company’s bank accounts. Alternatively, the effects of poor cash controls were mitigated by the fact that the Company had limited transactions in their bank accounts.
	2.	We did not implement appropriate information technology controls – As at December 31, 2023, the Company retains copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of the Company’s data or off-site storage of data in the event of theft, misplacement, or loss due to unmitigated factors.

	1.	We do not have an Audit Committee – While not being legally obligated to have an audit committee, it is management’s view that such a committee, including a financial expert member, is an utmost important entity level control over the Company’s financial statement. Currently the Board of Directors acts in the capacity of the Audit Committee, and does not include a member that is considered to be independent of management to provide the necessary oversight over management’s activities.

	2.	We did not maintain appropriate cash controls – As of December 31, 2024, the Company has not maintained sufficient internal controls over financial reporting for the cash process, including failure to segregate cash handling and accounting functions, and did not require dual signature on the Company’s bank accounts. Alternatively, the effects of poor cash controls were mitigated by the fact that the Company had limited transactions in their bank accounts.

	3.	We did not implement appropriate information technology controls – As at December 31, 2024, the Company retains copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of the Company’s data or off-site storage of data in the event of theft, misplacement, or loss due to unmitigated factors.

Accordingly, the Company concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis by the company’s internal controls.

As a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of December 31, ~~2023~~2024 based on criteria established in Internal Control—Integrated Framework issued by COSO.

Changes in Internal Control over Financial Reporting

There has been no change in our internal control over financial reporting identified in connection with our evaluation we conducted of the effectiveness of our internal control over financial reporting as of December 31, ~~2023~~2024, that occurred during our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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

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PART III

Item 10. Directors, Executive Officers, Promoters and Control Persons of the Company

DIRECTORS AND EXECUTIVE OFFICERS

The name, address and position of our present officers and directors are set forth below:

Name and Address of Executive	Age	Position
Name and Address of ExecutiveOfficer and/or Director	Age	Position
Officer and/or Director
Demetrios Malamas	68	President, Chief Executive Officer, Secretary, Chief Financial Officer and Chief Accounting Officer
Demetrios Malamas	67	President, Chief Executive Officer, Secretary, Chief Financial Officer and Chief Accounting Officer
Lucille Zdunich	69	Director
Lucille Zdunich	68	Director

On March 20, 2020, our board appointed initial Incorporator of the Company Andrei Gurduiala as a Director, President, Treasurer and Secretary of the Company. As of date these financial statements were issued, our board of directors is comprised of one person: Andrei Gurduiala.

On June 22, 2023, a shareholder holding majority voting power of the shares of the Company, by written consent, voted to elect Demetrios Malamas to the Company’s board of Directors.

Also on June 22, 2023, the Company appointed Demetrios Malamas as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.

Biographical Information and Background of officer and director

~~Demetrios~~Mr. Malamas has served as our President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director.

Mr. Malamas has served as our President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director from October 6, 2016 to March 21, 2018 and from March 20, June 22, 2023.

Our President background mainly contains from following:

Demetrios Malamas has over 40 years of business experience managing a broad range of companies. He was the principal in Nuland Realty and founder of Pacific Aquaculture Ltd. before becoming immersed in Foreign Trade. He received his CFTP - Certified Foreign Trade Professional designation and began working with and in China for a variety of products and organizations over the years including Stadium Seating, Tempered and other Glass and Funeral Caskets. Mr. Malamas has been the CEO for ACE Funeral Products Ltd. since 1999 and has spent the majority of the last five years operating the business.

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Lucille Zdunich

Lucille Zdunich has had a 30-year career in residential and commercial real estate sales. She is currently President of her private Real Estate Investment company La Luna Ventures Inc. which she founded in 2010 in British Columbia. She is also Founder and President of El Sol Ventures Inc. a private California company established in 2018 that currently focuses on commercial retail real estate. Lucille also brings expertise in marketing and management having founded Pinnacle Drilling Products in 2009, she also served as the organizations Executive Director of Marketing.

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AUDIT COMMITTEE

We do not have an audit committee financial expert. We do not have an audit committee financial expert because we believe the cost related to retaining a financial expert at this time is prohibitive.

SIGNIFICANT EMPLOYEES

We have no employees other than our ~~Treasurer~~President ~~and~~who ~~sole director, Andrei Gurduiala; he~~ currently devotes approximately twenty hours per week to company matters. We intend to hire employees on an as needed basis.

Item 11. Executive Compensation

The following tables set forth certain information about compensation paid, earned or accrued for services by our President, and Secretary and all other executive officers (collectively, the “Named Executive Officers”) for the years ended December 31, ~~2023~~2024 and ~~2022~~2023.

SUMMARY COMPENSATION TABLE

Name and Principal Position	Year	Salary (US$)	Bonus (US$)	Stock Awards (US$)	Option Awards (US$)	Non-Equity ~~IncentivePlan~~Incentive Plan Compensation (US$)	Nonqualified Deferred Compensation Earnings (US$)	All Other Compensation (US$)	Total (US$)
Chris Brown(Director)	2023	-	-	-	-	-	-	-	-
Demetrios Malamas(Director)	2024	-	-	-	-	-	-	-	-
	2022	-	-	-	-	-	-	-	-
	2023	-	-	-	-	-	-	-	-
Lucille Zdunich(Director)	~~2023~~2024	-	-	-	-	-	-	-	-
	2022	-	-	-	-	-	-	-	-
	2023	-	-	-	-	-	-	-	-
Robert Brown(Director)	~~2023~~2024	-	-	-	-	-	-	-	-
	2022	-	-	-	-	-	-	-	-
	2023	-	-	-	-	-	-	-	-
Demetrios Malamas(Director)	2023	-	-	-	-	-	-	-	-
Chris Brown(Director)	2024	-	-	-	-	-	-	-	-
	2022	-	-	-	-	-	-	-	-
	2023	-	-	-	-	-	-	-	-

There are no current employment agreements between the company and its sole officer. The compensation discussed herein addresses all compensation awarded to, earned by, or paid to our named executive officer. There are no other stock option plans, retirement, pension, or profit-sharing plans for the benefit of our officers and directors other than as described herein.

CHANGE OF CONTROL

As of December 31, ~~2023~~2024, we had no pension plans or compensatory plans or other arrangements that provide compensation in the event of a termination of employment or a change in our control.

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Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table provides certain information regarding the ownership of our common stock, as of December 31, ~~2023~~2024and ~~and~~ as of the date of the filing of this annual report by:

	•	each of our executive officers;
	•	each director;
	•	each person known to us to own more than 5% of our outstanding common stock; and
	•	all of our executive officers and directors and as a group.

26 Table of Contents

Title of Class

Name and Address of

Beneficial Owner

Amount and Nature of

Beneficial Ownership

Percentage

Common Stock

LUCILLE ZDUNICH

5,000,000 shares of common stock (director)

43.15%

Common Stock

ISOLATED CONSULTANTS INC.

5,000,000 shares of common stock

43.15%

	Name and Address of	Amount and Nature of
Title of Class	Beneficial Owner	Beneficial Ownership	Percentage
Common Stock	LUCILLE ZDUNICH	5,000,000 shares of common stock (director)	43.15	%
Common Stock	ISOLATED CONSULTANTS INC.	5,000,000 shares of common stock	43.15	%

The percent of class is based on 6,587,500 shares of common stock issued and outstanding as of the date of this annual report.

During the year ended December 31, ~~2023~~2024, we had not entered into any transactions with our sole officer or director, or persons nominated for these positions, beneficial owners of 5% or more of our common stock, or family members of these persons wherein the amount involved in the transaction or a series of similar transactions exceeded the lesser of $120,000 or 1% of the average of our total assets for the last three fiscal years.

Item 14. Principal Accountant Fees and Services

During the year ended December 31, 2024, we incurred $12,613 in fees to our principal independent accountants for professional services rendered in connection with the audit of our financial statements.

During the year ended December 31, 2023, we incurred $13,000 in fees to our principal independent accountants for professional services rendered in connection with the audit of our financial statements.

~~During~~12 ~~the~~Table ~~year ended December 31, 2022, we incurred $10,500 in fees to our principal independent accountants for professional services rendered in connection with the audit~~ of ~~our financial statements.~~Contents

27 Table of Contents

PART IV

Item 15. Exhibits

The following exhibits are filed as part of this Annual Report.

Exhibits:

31.1		Certification of Chief Executive Officer ~~and Chief Financial Officer~~ pursuant to Section 302(a) of the Sarbanes-Oxley Act
32.1		Certification of Chief Executive Officer and Chief Financial Officer Under Section 1350 as Adopted Pursuant Section 906 of the Sarbanes-Oxley Act
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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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: June 26, 2024	By:	/s/ Demetrios Malamas
Dated: February 27, 2025	By:	/s/ Demetrios Malamas
		Demetrios Malamas, President and Chief Executive Officer and Chief Financial Officer

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