Crona Corp. issues Q1 2026 going-concern warning

Management expects Crona to depend on additional investment capital in the near future and says continued financial viability is not assured.

Available on EDGAR 11/10/2026 - 06:07 AM EST Accepted by SEC EDGAR 11/10/2026 - 06:06 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Crona Corp. reported no revenue for the three months ended March 31, 2026, and a net loss of $6,567, compared with net income of $520 a year earlier. Operating expenses were $2,942, versus $29,799. At March 31, total assets were $8,831, liabilities were $232,765, and stockholders’ deficit was $223,934.

The company reported accumulated losses of $423,947 and said there is substantial doubt about its ability to continue as a going concern. It has not established a stabilized revenue source sufficient to cover operating costs over an extended period, and management expects it to depend on additional investment capital. Director advances were $60,047 at March 31; they are interest-free and have no fixed repayment schedule or maturity. Convertible-note principal remained $122,500; the note matured in February 2024, and management said the creditor had not demanded immediate repayment. Management also concluded disclosure controls were not effective as of March 31, 2026.

0 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 1 point

How the balance works

Positive

• None.

Negative

• Major pointGoing-concern doubt accompanies $423,947 in accumulated losses.

Filing Explained

At March 31, 2026, Crona reported zero cash; the director paid operating costs directly and they were accrued as related-party advances, so the quarter’s nil operating cash flow did not mean those costs were funded from company cash.

Key Figures

Net loss: $6,567 Net income: $520 Operating expenses: $2,942 +5 more

8 metrics

Net loss $6,567 Three months ended March 31, 2026

Net income $520 Three months ended March 31, 2025

Operating expenses $2,942 Three months ended March 31, 2026

Total assets $8,831 As of March 31, 2026

Total liabilities $232,765 As of March 31, 2026

Stockholders’ deficit $223,934 As of March 31, 2026

Accumulated losses $423,947 As of March 31, 2026

Convertible-note principal $122,500 As of March 31, 2026

Key Terms

going concern, performance obligations, anti-dilutive, related party advances

4 terms

going concern financial

"substantial doubt about the Company’s ability to continue as a going concern"

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

performance obligations financial

"Identify the performance obligations in the contract"

Performance obligations are the specific promises a company makes to deliver goods or services to a customer under a contract, treated as separate deliverables when a customer can benefit from them on their own. Investors care because these promises determine when and how much revenue a company records — like breaking a bundled purchase into separate billable parts — which affects reported earnings, growth trends and the clarity of future cash flows.

anti-dilutive financial

"excluded from diluted earnings (loss) per share for loss periods to the extent their inclusion would be anti-dilutive"

A claim, security feature, or action described as anti-dilutive prevents or does not cause a reduction in existing shareholders’ per-share values when additional shares could be issued. For example, certain convertible securities or corporate actions are treated as anti-dilutive for earnings-per-share calculations if including them would raise EPS rather than lower it; investors watch this because it affects reported per-share metrics, ownership percentages, and valuation comparisons, like keeping pie slices the same size instead of making them smaller.

related party advances financial

"These balances are included in related party advances in the accompanying balance sheets"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did CCCP lose in the first quarter of 2026?

Crona reported a net loss of $6,567 for the three months ended March 31, 2026, compared with net income of $520 for the same period in 2025.

Why did CCCP report substantial doubt about continuing as a going concern?

Crona said it had generated no revenue through March 31, 2026, had accumulated losses of $423,947, and had not established a stabilized revenue source sufficient to cover operating costs over an extended period. Management expects the company to depend on additional investment capital and said there are no assurances it will become financially viable.

Why were CCCP's operating cash flows nil in the first quarter of 2026?

The company said operating costs were paid directly by the director and accrued as related-party advances. Its cash flow statement reported no net cash used in operating activities for the three months ended March 31, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended March 31, 2026

☐     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. 000-56610

CRONA CORP.

(Exact name of registrant as specified in its charter)

Wyoming		7261		EIN 35-2574778
(State or Other Jurisdiction of Incorporation or Organization)		(Primary Standard Industrial Classification Number)		(IRS Employer Identification Number)

422 Richards Street, Unit 170

Vancouver, BC V6B 2Z4

Tel: (888) 998-9449

 (Address and telephone number of principal executive offices)

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

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

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

None

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

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐     No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for shorter period that the registrant as required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes ☒     No ☐

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

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

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

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

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

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 16,587,600 shares of Common Stock issued and outstanding as of March 31, 2026

TABLE OF CONTENTS

PART I	FINANCIAL INFORMATION:		3
Item 1.	Financial Statements		3
	Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025 (Audited)		4
	Statements of Operations for the three months ended March 31, 2026, and 2025 (Unaudited)		5
	Statements of Stockholders’ Deficit for the three months ended March 31, 2026, and 2025 (Unaudited)		6
	Statements of Cash Flows for the three months ended March 31, 2026, and 2025 (Unaudited)		7
	Notes to the Financial Statements		8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		15
Item 4.	Controls and Procedures		15
PART II	OTHER INFORMATION:		16
Item 1.	Legal Proceedings		16
Item 1A.	Risk Factors		16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		16
Item 3.	Defaults Upon Senior Securities		16
Item 4.	Submission of Matters to a Vote of Securities Holders		16
Item 5.	Other Information		16
Item 6.	Exhibits		17
	Signatures		18

2

Table of Contents

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

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

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

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

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CRONA CORP.

BALANCE SHEETS (UNAUDITED)

		March 31,  2026				December 31, 2025
		(Unaudited)				(Audited)
ASSETS
Current Assets
Prepaid expenses		$	-			$	-
Total Current Assets			-				-
Long-term Assets
Intangible assets, net			-				-
Property, plant and equipment, net			8,831				9,879
Total Long-term Assets			8,831				9,879
Total Assets		$	8,831			$	9,879
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities
Current Liabilities
Accounts payable		$	929			$	929
Interest payable			49,289				45,664
Related party advances – amount due to director			60,047				58,153
Convertible notes payable, net of discount			122,500				122,500
Total Current Liabilities			232,765				227,246
Other long-term liabilities			-				-
Total Long-Term Liabilities			-				-
Total Liabilities			232,765				227,246
Commitments and contingencies (Note 9)
Stockholders’ Deficit
Preferred stock, par value $0.00001; 5,000,000 shares issued and outstanding as of 2026 and 2025			50				50
Common stock, par value $0.001; 16,587,600 shares issued and outstanding as of 2026 and 2025			16,588				16,588
Additional paid in capital			183,563				183,563
Accumulated other comprehensive loss			(188	)			(188	)
Accumulated deficit			(423,947	)			(417,380	)
Total Stockholders’ Deficit			(223,934	)			(217,367	)
Total Liabilities and Stockholders’ Deficit		$	8,831			$	9,879

See accompanying notes to unaudited financial statements.

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CRONA CORP.

STATEMENTS OF OPERATIONS (UNAUDITED)

		For the three				For the three
		months ended				months ended
		March 31,  2026				March 31,  2025
		(Unaudited)				(Unaudited)
REVENUES		$	-			$	-
OPERATING EXPENSES
Amortization on convertible promissory note			-				-
Depreciation and amortization expense			1,048				7,299
General and administrative expenses			894				-
Professional fees			1,000				22,500
Share based compensation			-				-
TOTAL OPERATING EXPENSES			2,942				29,799
OTHER INCOME (EXPENSE)
Interest expenses			(3,625	)			(5,647	)
Debt Forgiveness			-				35,966
TOTAL OTHER EXPENSES			(3,625	)			30,319
PROFIT LOSS FROM OPERATIONS			(6,567	)			520
PROVISION FOR INCOME TAXES			-				-
NET PROFIT LOSS		$	(6,567	)		$	520
OTHER COMPREHENSIVE LOSS
Foreign Currency Translation Adjustment			-				-
COMPREHENSIVE (LOSS)/ PROFIT			(6,567	)			520
NET PROFIT LOSS PER SHARE: BASIC AND DILUTED		$	-			$	-
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED			16,587,600				6,587,500

See accompanying notes to unaudited financial statements.

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CRONA CORP.

                                                  STATEMENTS OF STOCKHOLDERS’ (DEFICIT) EQUITY                                                  

																		Additional								Other				Total
		Preferred Series A								Common Stock								Paid-in				Accumulated				Comprehensive				Stockholders
		Shares				Amount				Shares				Amount				Capital				Deficit				Loss				Deficit
For the three months ended March 31, 2025
Balance, December 31, 2024			5,000,000			$	50				6,587,500			$	6,588			$	31,853			$	(307,822	)		$	(188	)		$	(269,519	)
Net loss			-				-				-				-				-				520				-				520
Balance, March 31, 2025			5,000,000			$	50				6,587,500			$	6,588			$	31,853			$	(307,302	)		$	(188	)		$	(268,999	)
For the three months ended March 31, 2026
Balance, December 31, 2025			5,000,000			$	50				16,587,600			$	16,588			$	183,563			$	(417,380	)		$	(188	)		$	(217,367	)
Net loss			-				-				-				-				-				(6,567	)			-				(6,567	)
Balance, March 31, 2026			5,000,000			$	50				16,587,600			$	16,588			$	183,563			$	(423,947	)		$	(188	)		$	(223,934	)

See accompanying notes to unaudited financial statements.

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CRONA CORP.

STATEMENTS OF CASH FLOWS (UNAUDITED)

		For the three months ended March 31, 2026				For the three months ended March 31, 2025
		(Unaudited)				(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit/ (loss)		$	(6,567	)		$	520
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation expenses			1,048				1,048
Amortization expenses			-				6,251
Debt forgiveness – Non Cash			-				(35,966	)
Changes in operating assets and liabilities:
Increase (decrease) in Prepaid expenses			-				-
Interest payable on convertible promissory note			3,625				5,647
Increase in director-funded payables (noncash)			1,894				(7,323	)
NET CASH USED IN OPERATING ACTIVITIES			-				(29,823	)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties			-				29,823
NET CASH FROM FINANCING ACTIVITIES			-				29,823
NET INCREASE (DECREASE) IN CASH			-				-
Effects of currency translation on cash			-				-
Cash, beginning of period			-				-
Cash, end of period		$	-			$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid		$	-			$	-
Income taxes paid		$	-			$	-

See accompanying notes to unaudited financial statements.

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Crona Corp.

NOTES TO THE FINANCIAL STATEMENTS

March 31, 2026

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

The core business of the Company is the provision of funeral and memorial services, including cremation, burial arrangements, and the sale of related memorial products such as caskets and urns. The Company’s services also include the transportation of the deceased, memorial planning, and assistance with legal documentation and ceremonial arrangements.

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 revenue through March 31, 2026. The Company currently has accumulated losses of $423,947 as of March 31, 2026, 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.

Revenue Recognition 

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

Basic Income (Loss) Per Share 

The Company computes earnings (loss) per share under ASC 260. Basic earnings (loss) per share uses weighted-average common shares outstanding. The Company has an outstanding convertible promissory note as described in Note 7. Potential common shares arising from conversion are excluded from diluted earnings (loss) per share for loss periods to the extent their inclusion would be anti-dilutive. The conversion rights and number of potential common shares require confirmation against the executed note and any amendments.

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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 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.

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 like 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 three months ended March 31, 2026, that are of significance or potential significance to the Company.

Note 4 – ASSET AQUISITION

On December 29, 2022, the Company entered into an Asset Purchase Agreement with Zeroblast Services Ltd., then a related party, to acquire certain equipment and intangible assets. The historical acquisition allocation was $24,980 for equipment and $75,020 for intangible assets. The carrying values of these assets are reflected in the accompanying balance sheets and the related property, plant and equipment and intangible asset notes.

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Note 5 – PROPERTY PLANT & EQUIPMENT

The Company’s Property plant and equipment as of March 31, 2026, and December 31, 2025, are as follows

			March 31, 2026				December 31, 2025
Property, plant and equipment, gross		$	24,980			$	24,980
Less: Depreciation			(16,149	)			(15,101	)
Property, plant and equipment, net			8,831				9,879

Depreciation expense was $1,048 for the three months ended March 31, 2026.

Note 6 – INTANGIBLE ASSETS

		March 31, 2026				December 31, 2025
Intangible assets, gross		$	75,020			$	75,020
Less: Amortization			(75,020	)			(75,020	)
Intangible assets, net			-				-

No intangible amortization expense was recorded for the three months ended March 31, 2026.

Note 7 – CONVERTIBLE PROMISSORY NOTE

On February 09, 2023, the Company issued a convertible promissory note (the “February 2023 Note”) at a face value of $133,000 to a third party at an interest rate of 12% per annum. Net proceeds received against the promissory note are $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue with a conversion price of $0.001

The convertible-note balance declined from $132,500 at December 31, 2024 to $122,500 at December 31, 2025. The 2025 general ledger records a $500 reduction associated with common stock issued to Wei Fan and a $9,500 reduction on December 31, 2025 associated with restricted common stock reflected in transfer agent records. The original February 2023 note matured in February 2024. As of March 31, 2026, the principal balance remained $122,500. Management has indicated that the creditor has not demanded immediate repayment. The Company continues to recognize the outstanding principal and accrued interest. The absence of a demand does not itself establish an extension or waiver of the contractual maturity date.

		March 31, 2026				December 31, 2025
Convertible promissory note, net		$	122,500			$	122,500
Accrued interest payable			49,289				45,664
Total note and accrued interest			171,789				168,164

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

The March 31, 2026 balance sheet records accrued interest payable of $49,289 and convertible notes payable of $122,500; these balances were $45,664 and $122,500 at December 31, 2025, respectively.

Interest expense for the three months ended March 31, 2026 was $3,625.

Related Party Advances – Amount Due to Director 

As of March 31, 2026, amounts due to the director were $60,047, compared with $58,153 as of December 31, 2025. The increase of $1,894 relates to expenses paid by the director on behalf of the Company. These balances are included in related party advances in the accompanying balance sheets. The advances are interest-free and have no fixed repayment schedule or maturity date. They are provided by the director to support the Company’s ongoing operations.

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Note 8 – STOCKHOLDERS’ EQUITY

Common Shares 

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

On March 7, 2025, Cheung Lam Hung, through Next Talent (HK) Limited, acquired 5,000,000 common shares in a private purchase transaction. This was a transfer between shareholders rather than a new issuance by the Company. The ownership percentage in the earlier report is not a current ownership representation.

As of March 31, 2026, and December 31, 2025, the company’s common shares issued and outstanding are 16,587,600 and 16,587,600 respectively.

Preferred Shares 

The Company has 5,000,000, $0.00001 par value of preferred stock authorized.

As of March 31, 2026, and December 31, 2025, the company’s preferred shares issued and outstanding are 5,000,000 and 5,000,000 respectively.

Note 9 – COMMITMENTS AND CONTINGENCIES

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

Note 10 – SUBSEQUENT EVENTS

No other subsequent events requiring recognition or disclosure were identified based on the information provided. 

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

Forward looking statement notice

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

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

DESCRIPTION OF BUSINESS

Brief description of Crona Corp.

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

On 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 January 7, 2025, the Board of Directors of Crona Corp. (the “Company”) appointed Cheung Lam Hung to fill a vacancy on the Board of Directors with a term expiring at the Company's next Annual Meeting of Stockholders. Also on the same date the Board of Directors appointed Cheung Lam Hung as its President, Chief Executive Officer, Treasurer, Chief Financial Officer and Secretary.

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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 expenditure since our incorporation.

BANKRUPTCY OR SIMILAR PROCEEDINGS

There has been no bankruptcy, receivership or similar proceeding.

COMPLIANCE WITH GOVERNMENT REGULATION

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

FACILITIES

Our current office is located at 422 Richards Street, Unit 170, Vancouver, BC V6B 2Z4. Our telephone number is (888) 998-9449.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

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

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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

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

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

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

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

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

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

RESULTS OF OPERATION

Total operating expenses for the three months ended March 31, 2026 were $2,942, comprising depreciation of $1,048, general and administrative expenses of $894, and professional fees of $1,000.

Total operating expenses for the three months ended March 31, 2025 were $29,799 as shown in the comparative statement of operations.

Net Loss

Net loss for the three months ended March 31, 2026 was $6,566, compared with net income of $520 in the corresponding period of 2025.

Liquidity and Capital Resources

Management believes the Company will continue to incur losses and negative cash flows from operating activities for the foreseeable future and will need additional equity or debt financing to sustain its operations until it can achieve profitability and positive cash flows, if ever. The Company’s continuation as a going concern is dependent upon its ability to ultimately attain profitable operations, generate sufficient cash flow to meet its obligations, and obtain additional financing as may be required. The outcome of this uncertainty cannot be assured. Our independent registered public accounting firm, in their reports on our financial statements for the year ended December 31, 2025, expressed substantial doubt about our ability to continue as a going concern. These circumstances could complicate our ability to raise additional capital. Our financial statements do not include any adjustments to the carrying amounts of our assets and liabilities that might result from the outcome of this uncertainty.

The accompanying consolidating financial statements do not include any adjustments that might result from the outcome of this uncertainty. There can be no assurance that management will be successful in implementing its business plan or that the successful implementation of such business plan will actually improve the Company's operating results.

CASH FLOWS FROM OPERATING ACTIVITIES

Net cash from operating activities was nil for the three months ended March 31, 2026; operating costs were paid directly by the director and accrued as related-party advances.

CASH FLOWS FROM INVESTING ACTIVITIES

For the three months ended March 31, 2026, we generated $0 in investing activities.

CASH FLOWS FROM FINANCING ACTIVITIES

Net cash from financing activities was nil for the three months ended March 31, 2026. Director-funded expenditures were noncash.

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.

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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 supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2026. 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.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

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

ITEM 1A. RISK FACTORS

None.

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

None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

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

None

ITEM 5. OTHER INFORMATION

None

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ITEM 6. EXHIBITS

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

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

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Form 10-Q to be signed on its behalf by the undersigned, thereunto duly authorized.

	CRONA CORP.
Dated: November 10, 2026	By:	/s/ Cheung Lam Hung
		Cheung Lam Hung,
		President and
		Chief Executive Officer and
		Chief Financial Officer

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