M&A - Crona Corp.

Form Type: 10-Q

Filing Date: 2025-05-15

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225003752

Filing Summary: On May 15, 2025, Crona Corp. filed its quarterly report for the period ending March 31, 2025. The report details the company's financial condition, where it reported an accumulated loss of $312,352. The company's total assets stood at $31,777, with liabilities amounting to $300,776, resulting in a stockholders’ deficit of $268,999. Significant operating expenses were noted, including professional fees of $22,500 and general administrative expenses totaling $34,849 for the quarter. The company did not generate any revenue during the reporting period. In a significant development, on December 29, 2022, the company acquired all business assets from Zeroblast Services Ltd. for $100,000, which included equipment and intangible assets to position the company for future growth in the disinfection market. Additionally, the financial statements incorporate a debt forgiveness amounting to $35,966, contributing positively to the financial outlook despite the overall net loss reported for the quarter.