Form 10-Q - Quarterly report [Sections 13 or 15(d)]

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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 September 30, 2023

 

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

 

For the transition period from ___________ to ___________

 

Commission File No. 333-216180

 

CRONA CORP.

(Exact name of registrant as specified in its charter)

 

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

 

304 South Jones Blvd. #7356

Las Vegas, Nevada 89107

Tel: [phone]

 (Address and telephone number of principal executive offices)

 

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

 

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

 

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

None

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 6,087,500 common shares issued and outstanding as of January 16, 2024.

 

 

TABLE OF CONTENTS

 

PART I	FINANCIAL INFORMATION:		3
Item 1.	Financial Statements		3
	Balance Sheets as of September 30, 2023 (Unaudited) and December 31, 2022		4
	Statements of Operations for the three and nine months ended September 30, 2023 and 2022 (Unaudited)		5
	Statements of Stockholders’ Deficit for the three and nine months ended September 30, 2023 and 2022 (Unaudited)		6
	Statements of Cash Flows for the three and nine months ended September 30, 2023 and 2022 (Unaudited)		7
	Notes to the Financial Statements		8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		13
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		16
Item 4.	Controls and Procedures		16
PART II	OTHER INFORMATION:		17
Item 1.	Legal Proceedings		17
Item 1A.	Risk Factors		17
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		17
Item 3.	Defaults Upon Senior Securities		17
Item 4.	Submission of Matters to a Vote of Securities Holders		17
Item 5.	Other Information		17
Item 6.	Exhibits		18
	Signatures		19

 

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.

 

3

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Crona Corp.

BALANCE SHEETS

September 30, 2023 (unaudited) and December 31, 2022

 

		September 30, 2023				December 31, 2022
ASSETS
Current Assets
Cash			6				-
Prepaid expenses		$	1,011			$	2,510
Total Current Assets			1,017			2510
Long-term Assets
Intangible asset, net			56,265				75,020
Property, plant and equipment, net			19,887				24,980
Total Long-term Assets			76,152				100,000
Total Assets		$	77,169			$	102,510
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
Liabilities
Current Liabilities
Accounts payable		$	1,398			$	99
Accrued expenses			1,000				1,500
Interest payable			10,188				-
Related party advances			3,650				221.00
Convertible notes payable, net of discount			126,852				-
Total Current Liabilities			143,088				1,820
Promissory note, related party			100,000				100,000
Total Long Term Liabilities			100,000				100,000
Total Liabilities			243,088				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 September 30, 2023 and December 31, 2022			50				-
Common stock, par value $0.001; 1,000,000,000 shares authorized, 6,087,500 shares issued and outstanding as of September 30, 2023 and December 31, 2022			6,088				6,088
Additional paid in capital			31,853				31,403
Accumulated other comprehensive loss			(187	)			-
Accumulated deficit			(203,723	)			(36,801	)
Total Stockholders’ (Deficit) Equity			(165,919	)			690
Total Liabilities and Stockholders’ (Deficit) Equity		$	77,169			$	102,510
See accompanying notes to unaudited financial statements.

 

4

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CRONA CORP.

STATEMENTS OF OPERATIONS

Three and nine months ended September 30, 2023 and 2022 (UNAUDITED)

 

		For the three months ended				For the three months ended				For the nine months ended				For the nine months ended
		September 30,				September 30,				September 30,				September 30,
		2023				2022				2023				2022
REVENUES		$	-			$	-			$	-			$	-
OPERATING EXPENSES
Amortization on convertible promissory note			4,285				-				10,852				-
Professional fees			1,000				2,442				109,352				23,622
Depreciation and amortization expense			7,949				167				23,848				500
General and administrative expenses			1,948				-				12,682				2,226
TOTAL OPERATING EXPENSES			15,182				2,609				156,734				26,348
OTHER INCOME (EXPENSE)
Interest expenses			(2,297	)			-				(10,188	)			-
TOTAL OTHER EXPENSE			(2,297	)			-				(10,188	)			-
LOSS FROM OPERATIONS			(17,479	)			(2,609	)			(166,922	)			(26,348	)
PROVISION FOR INCOME TAXES			-								-
NET LOSS		$	(17,479	)		$	(2,609	)		$	(166,922	)		$	(26,348	)
OTHER COMPREHENSIVE LOSS
Foreign Currency Translation Adjustment			10				-				(187	)			-
COMPREHENSIVE LOSS			(17,469	)			(2,609	)			(167,109	)			(26,348	)
NET LOSS PER SHARE: BASIC AND DILUTED		$	(0.00	)		$	(0.00	)		$	(0.03	)		$	(0.00	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED			6,087,500				6,087,500				6,087,500				6,087,500
See accompanying notes to unaudited financial statements.

 

5

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Crona Corp.

STATEMENTS OF STOCKHOLDERS’ DEFICIT

Three and nine months ended September 30, 2023 and 2022 (UNAUDITED)

 

		Preferred Series A								Common Stock								Additional Paid-in				Accumulated				Other Comprehensive				Total Stockholders’
		Shares				Amount				Shares				Amount				Capital				Deficit				Loss				Deficit
Balance, December 31, 2021			-			$	-				6,087,500			$	6,088			$	31,403			$	(81,949	)		$	-			$	(44,458	)
Net loss			-				-				-				-				-				(5,878	)			-				(5,878	)
Balance, March 31, 2022			-				-				6,087,500				6,088				31,403				(87,827	)			-				(50,336	)
Balance, March 31, 2022			-			$	-				6,087,500			$	6,088			$	31,403			$	(87,827	)		$	-			$	(50,336	)
Net loss			-				-				-				-				-				(17,860	)			-				(17,860	)
Balance, June 30, 2022			-			$	-				6,087,500			$	6,088			$	31,403			$	(105,687	)		$	-			$	(68,029	)
Balance, June 30, 2022			-			$	-				6,087,500			$	6,088			$	31,403			$	(105,687	)		$	-			$	(68,029	)
Net loss			-				-				-				-				-				(2,609	)			-				(2,609	)
Balance, September 30, 2022			-			$	-				6,087,500			$	6,088			$	31,403			$	(108,296	)		$	-			$	(70,638	)
Balance, December 31, 2022			-			$	-				6,087,500				6,088				31,403				(36,801	)			-				690
Foreign currency translation adjustment			-				-				-				-				-				-				(37	)			(37	)
Net loss			-				-				-				-				-				(110,239	)			-				(110,239	)
Balance, March 31, 2023			-			$	-				6,087,500			$	6,088			$	31,403			$	(147,040	)		$	(37	)		$	(109,586	)
Balance, March 31, 2023			-			$	-				6,087,500			$	6,088			$	31,403			$	(147,040	)		$	(37	)		$	(109,586	)
Shares issued for services			5,000,000				50												450												500
Foreign currency translation adjustment							-								-				-				-				-160				(160	)
Net loss			-				-				-				-				-				(39,204	)			-				(39,204	)
Balance, June 30, 2023			5,000,000			$	50				6,087,500			$	6,088			$	31,853			$	(186,244	)		$	(197	)		$	(148,450	)
Balance, June 30, 2023			5,000,000			$	50				6,087,500			$	6,088			$	31,853			$	(186,244	)		$	(197	)		$	(148,450	)
Foreign currency translation adjustment			-				-				-				-				-				-				10				10
Net loss			-				-				-				-				-				(17,479	)							(17,479	)
Balance, September 30, 2023			5,000,000			$	50				6,087,500			$	6,088			$	31,853			$	(203,723	)		$	(187	)		$	(165,919	)
See accompanying notes to unaudited financial statements.

 

6

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Crona Corp.

STATEMENTS OF CASH FLOWS

Nine months ended September 30, 2023 and 2022 (UNAUDITED)

 

		For the nine months ended September 30, 2023				For the nine months ended September 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$	(166,922	)		$	(26,348	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense			23848				500
Amortization of discount on promissory note			10,852				-
Share based compensation			500				-
Changes in operating assets and liabilities:
Prepaid expenses			1,499				(9,965	)
Accounts payable			1,299				(9,802	)
Accrued expenses			(500	)			-
Interest payable			10,188				-
CASH FLOWS FROM OPERATING ACTIVITIES			(119,236	)			(45,615	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible promissory note			116,000				-
Proceeds from related party			6,972				45,615
Repayment to related party			(3,543	)
CASH FLOWS FROM FINANCING ACTIVITIES			119,429				45,615
NET INCREASE (DECREASE) IN CASH			193				-
Effects of currency translation on cash			(187	)			-
Cash, beginning of period			-				-
Cash, end of period		$	6			$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid		$	-			$	-
Income taxes paid		$	-			$	-
See accompanying notes to unaudited financial statements.

 

7

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Crona Corp.

NOTES TO THE FINANCIAL STATEMENTS

September 30, 2023

 

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 elimination of germs and microbes through disinfection and anti-microbial 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 through September 30, 2023. The Company currently has accumulated losses of $203,723 as of September 30, 2023 and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

 

Note 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

 

Basis of presentation

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

 

Use of Estimates

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

 

Cash and Cash Equivalents

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

 

Income Taxes

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

 

8

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.

 

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 September 30, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.

 

Property and Equipment

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

 

		Useful life
		Minimum		Maximum
Equipment		10 Months		15 Years

 

Intangible assets

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

 

Impairment of Long-Lived Assets

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

 

9

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 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 three months ended September 30, 2023, that are of significance or potential significance to the Company.

 

Note 4 – ASSET AQUISITION

 

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

 

Note 5 – PROPERTY PLANT & EQUIPMENT

 

The Company’s Property plant and equipment as of September 30, 2023 and December 31, 2022 are as follows:

 

		September 30, 2023				December 31, 2022
Property, plant and equipment, gross		$	24,980			$	24,980
Less: Depreciation			(5,093	)			-
Property, plant and equipment, net			19,887				24,980

 

Total depreciation expenses for the nine months ended September 30, 2023 and 2022 were $5,093 and $0, respectively.

  

Note 6 – INTANGIBLE ASSETS

 

The Company’s intangible assets as of September 30, 2023 and December 31, 2022 are as follows:

 

		September 30, 2023				December 31, 2022
Intangible assets, gross		$	75,020			$	75,020
Less: Amortization			(18,755	)			-
Intangible assets, net		$	56,265			$	75,020

 

Total amortization expenses for the nine months ended September 30, 2023 and 2022, were $18,755 and $0, respectively.

 

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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 a conversion price of $0.10.

 

		As of September 30, 2023
		Face value				Discount on Promissory Note				Net payable				Accrued Interest
Convertible Promissory Note		$	133,000			$	(6,148	)		$	126,852			$	10,188
Total		$	133,000			$	(6,148	)		$	126,852			$	10,188

 

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 September 30, 2023 and December 31, 2022, interest payable totaled $10,188 and $0, 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 $4,807 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

 

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

 

During the three months ended June 30, 2023, president & CEO Chris Brown advanced to the Company $891 towards working capital. The company, repaid $2,381 towards the loan of president & CEO Chris Brown.

 

During the three months ended June 30, 2023, president Dmalamas, advanced to the Company $82 towards working capital. These advances are unsecured, non-interest bearing and due on demand.

 

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.

 

As of September 30, 2023, and December 31, 2022, due to related party is $3,650 and $221 respectively.

 

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Note 9 – STOCKHOLDERS’ EQUITY

 

Common Shares

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

 

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

 

As of September 30, 2023, the company’s common shares issued and outstanding is 6,087,500

  

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.

 

Note 10 – COMMITMENTS AND CONTINGENCIES

 

In November 20, 2020, the Company has entered into a new rental agreement for a $371 monthly fee, starting on December 1, 2020, for a period of one year. In January 2022, the Company extended the lease agreement for a period of one year. The lease was terminated in July 2022. For the nine months ended September 30, 2023 and 2022 rent expense was $0 and $2,226, respectively, which is included within general and administrative expenses on the statements of operations.

 

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

 

Note 11 – SUBSEQUENT EVENTS

 

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to September 30, 2023, through the date when financial statements were issued, and has determined that it does not have material subsequent events to disclosure in these financial statements.

 

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

 

Forward looking statement notice

 

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

 

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

 

DESCRIPTION OF BUSINESS

 

Brief description of Crona Corp.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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.

 

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.

 

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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 expenditures since our incorporation.

 

BANKRUPTCY OR SIMILAR PROCEEDINGS

 

There has been no bankruptcy, receivership or similar proceeding.

 

COMPLIANCE WITH GOVERNMENT REGULATION

 

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

 

FACILITIES

 

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

[phone].

 

EMPLOYEES AND EMPLOYMENT AGREEMENTS

 

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

 

LEGAL PROCEEDINGS

 

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

 

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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

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

 

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

 

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

 

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

 

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

 

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

 

RESULTS OF OPERATION

 

Results of Operations for the three and nine months ended September 30, 2023 and 2022:

 

Revenue for three and nine months ended September 30, 2023 and 2022

 

For the three months ended September 30, 2023 and 2022, Crona Corp. had not generated any revenue.

 

For the nine months ended September 30, 2023 and 2022, Crona Corp. had not generated any revenue.

 

Operating expenses for the three months ended September 30, 2023 and 2022

 

Total operating expenses for the three months ended September 30, 2023 were $15,182. The operating expenses for the three months ended September 30, 2023 includes amortization on convertible promissory note $4,285, depreciation and amortization expense of $7,949, general and administrative expenses of $1,948, and professional fees of $1,000.

 

Total operating expenses for the three months ended September 30, 2022 were $2,609. The operating expenses for the three months ended September 30, 2022 includes professional fees of $2,442 and depreciation expense of $167.

 

Operating expenses for the nine months ended September 30, 2023 and 2022

 

Total operating expenses for the nine months ended September 30, 2023 were $156,734. The operating expenses for the nine months ended September 30, 2023 includes amortization on convertible promissory note $10,852, depreciation and amortization expense of $23,848, general and administrative expenses of $12,682, and professional fees of $109,352.

  

Total operating expenses for the nine months ended September 30, 2022 were $26,348. The operating expenses for the nine months ended September 30, 2022 included general and administrative expenses of $2,226, professional fees of $23,622 and depreciation expense of $500.

 

The increase in operating expenses during the nine months ended September 30, 2023 is due to an increase in activity. The Company made an asset acquisition on December 29, 2022, which resulted in amortization and depreciation expenses incurred (due to the acquisition of equipment and intangibles) during the nine months ended September 30, 2023, that was not incurred when compared to the nine months ended September 30, 2022. The Company had consulting services during the nine months ended September 30, 2023 related to business services and expansion. This has resulted in an increase in professional fees for the nine months ended September 30, 2023 compared to the professional fees for the nine months ended September 30, 2022.

 

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Net Loss

 

The net loss for the nine months ended September 30, 2023 and 2022 was $166,922 and $26,348 respectively.

 

The net loss increased for the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022, because there were increased consulting services, amortization and depreciation expenses when compared to the nine months ended September 30, 2022.

 

Liquidity and Capital Resources

 

As of September 30, 2023, our total assets were $77,169.

 

As of September 30, 2023, our total liabilities were $243,088.

 

As of September 30, 2023, we had a working capital deficit of $142,071.

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

We have not generated positive cash flows from operating activities. For the nine months ended September, 2023 net cash used in operating activities was $119,236, which consisted of a net loss of $166,922, depreciation and amortization expense of $23,848, amortization of discount on promissory note of $10,852, share based compensation of $500, interest payable of $10,188, prepaid of $1,499, accrued expense of $(500) and accounts payable of $1,299.

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

For the nine months ended September 30, 2023, we generated $0 in investing activities.

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

For the nine months ended September 30, 2023, net cash flows provided by financing activities was $119,429 which was due to the issuance of a convertible promissory note of $116,000, and net related party advances of $3,429.

 

OFF-BALANCE SHEET ARRANGEMENTS

 

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

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

None

 

ITEM 4. CONTROLS AND PROCEDURES

 

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2023. 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 proceeding nor are we aware of any pending or threatened litigation against us.

 

ITEM 1A. RISK FACTORS

 

None.

 

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

 

None

 

ITEM 3. DEFAULTS UPON SENIOR 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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Table of Contents

 

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: January 16, 2024	By:	/s/ Demetrios Malamas
		Demetrios Malamas, President and Chief Executive Officer and Chief Financial Officer

 

19

 

nullnull

Cover - shares	9 Months Ended
	Sep. 30, 2023	Jan. 16, 2024
Cover [Abstract]
Entity Registrant Name	CRONA CORP.
Entity Central Index Key	0001696411
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		6,087,500
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-216180
Entity Incorporation State Country Code	WY
Entity Tax Identification Number	35-2574778
Entity Address Address Line 1	304 South Jones Blvd
Entity Address Address Line 2	#7356
Entity Address City Or Town	Las Vegas
Entity Address Postal Zip Code	89107
City Area Code	888
Local Phone Number	998-1888
Security 12b Title	Common stock
Trading Symbol	CCCP
Entity Address State Or Province	NV
Entity Interactive Data Current	Yes

BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash	$ 6	$ 0
Prepaid expenses	1,011	2,510
Total Current Assets	1,017	2,510
Long-term Assets
Intangible asset, net	56,265	75,020
Property, plant and equipment, net	19,887	24,980
Total Long-term Assets	76,152	100,000
Total Assets	77,169	102,510
Current Liabilities
Accounts payable	1,398	99
Accrued expenses	1,000	1,500
Interest payable	10,188	0
Related party advances	3,650	221
Convertible notes payable, net of discount	126,852	0
Total Current Liabilities	143,088	1,820
Promissory note, related party	100,000	100,000
Total Long Term Liabilities	100,000	100,000
Total Liabilities	243,088	101,820
Stockholders' (Deficit) Equity
Preferred stock, par value $0.00001 10,000,000 shares authorized, 5,000,000 shares issued and outstanding as of September 30, 2023 and December 31, 2022	50	0
Common stock, par value $0.001; 1,000,000,000 shares authorized, 6,087,500 shares issued and outstanding as of September 30, 2023 and December 31, 2022	6,088	6,088
Additional paid in capital	31,853	31,403
Accumulated other comprehensive loss	(187)	0
Accumulated deficit	(203,723)	(36,801)
Total Stockholders' (Deficit) Equity	(165,919)	690
Total Liabilities and Stockholders' (Deficit) Equity	$ 77,169	$ 102,510

BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Jun. 30, 2023
BALANCE SHEETS
Common Stock Par Value	$ 0.001	$ 0.001
Common Stock Shares Authorized	1,000,000,000	1,000,000,000
Common Stock Shares Issued	6,087,500	6,087,500
Common Stock Shares Outstanding	6,087,500	6,087,500
Preferred stock par value	$ 0.00001	$ 0.00001
Preferred stock shares authorized	10,000,000	10,000,000
Preferred stock shares issued	5,000,000	5,000,000
Preferred stock shares outstanding	5,000,000	5,000,000

STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
STATEMENTS OF OPERATIONS (UNAUDITED)
REVENUES	$ 0	$ 0	$ 0	$ 0
OPERATING EXPENSES
Amortization on convertible promissory note	4,285	0	10,852	0
Professional fees	1,000	2,442	109,352	23,622
Depreciation and amortization expense	7,949	167	23,848	500
General and administrative expenses	1,948	0	12,682	2,226
TOTAL OPERATING EXPENSES	15,182	2,609	156,734	26,348
OTHER INCOME (EXPENSE)
Interest expenses	(2,297)	0	(10,188)	0
TOTAL OTHER EXPENSE	(2,297)	0	(10,188)	0
LOSS FROM OPERATIONS	(17,479)	(2,609)	(166,922)	(26,348)
PROVISION FOR INCOME TAXES	0		0
NET LOSS	(17,479)	(2,609)	(166,922)	(26,348)
OTHER COMPREHENSIVE LOSS
Foreign Currency Translation Adjustment	10	0	(187)	0
COMPREHENSIVE LOSS	$ (17,469)	$ (2,609)	$ (167,109)	$ (26,348)
NET LOSS PER SHARE: BASIC AND DILUTED	$ (0.00)	$ (0.00)	$ (0.03)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	6,087,500	6,087,500	6,087,500	6,087,500

STATEMENTS OF STOCKHOLDERS DEFICIT (UNAUDITED) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Other comprehensive loss	Preferred Series A
Balance, shares at Dec. 31, 2021		6,087,500
Balance, amount at Dec. 31, 2021	$ (44,458)	$ 6,088	$ 31,403	$ (81,949)	$ 0	$ 0
Net loss	(5,878)	$ 0	0	(5,878)	0	0
Balance, shares at Mar. 31, 2022		6,087,500
Balance, amount at Mar. 31, 2022	(50,336)	$ 6,088	31,403	(87,827)	0	0
Balance, shares at Dec. 31, 2021		6,087,500
Balance, amount at Dec. 31, 2021	(44,458)	$ 6,088	31,403	(81,949)	0	0
Net loss	(26,348)
Foreign currency translation adjustment	0
Balance, shares at Sep. 30, 2022		6,087,500
Balance, amount at Sep. 30, 2022	(70,638)	$ 6,088	31,403	(108,296)	0	0
Balance, shares at Mar. 31, 2022		6,087,500
Balance, amount at Mar. 31, 2022	(50,336)	$ 6,088	31,403	(87,827)	0	0
Net loss	(17,860)	$ 0	0	(17,860)	0	0
Balance, shares at Jun. 30, 2022		6,087,500
Balance, amount at Jun. 30, 2022	(68,029)	$ 6,088	31,403	(105,687)	0	0
Net loss	(2,609)	$ 0	0	(2,609)	0	0
Foreign currency translation adjustment	0
Balance, shares at Sep. 30, 2022		6,087,500
Balance, amount at Sep. 30, 2022	(70,638)	$ 6,088	31,403	(108,296)	0	0
Balance, shares at Dec. 31, 2022		6,087,500
Balance, amount at Dec. 31, 2022	690	$ 6,088	31,403	(36,801)	0	0
Net loss	(110,239)	0	0	(110,239)	0	0
Foreign currency translation adjustment	(37)	$ 0	0	0	(37)	0
Balance, shares at Mar. 31, 2023		6,087,500
Balance, amount at Mar. 31, 2023	(109,586)	$ 6,088	31,403	(147,040)	(37)	0
Balance, shares at Dec. 31, 2022		6,087,500
Balance, amount at Dec. 31, 2022	690	$ 6,088	31,403	(36,801)	0	$ 0
Net loss	(166,922)
Foreign currency translation adjustment	(187)
Balance, shares at Sep. 30, 2023		6,087,500				5,000,000
Balance, amount at Sep. 30, 2023	(165,919)	$ 6,088	31,853	(203,723)	(187)	$ 50
Balance, shares at Mar. 31, 2023		6,087,500
Balance, amount at Mar. 31, 2023	(109,586)	$ 6,088	31,403	(147,040)	(37)	0
Net loss	(39,204)	0	0	(39,204)	0	0
Foreign currency translation adjustment	(160)	$ 0	0	0	(160)	$ 0
Shares issued for services, shares						5,000,000
Shares issued for services, amount	500		450			$ 50
Balance, shares at Jun. 30, 2023		6,087,500				5,000,000
Balance, amount at Jun. 30, 2023	(148,450)	$ 6,088	31,853	(186,244)	(197)	$ 50
Net loss	(17,479)	0	0	(17,479)		0
Foreign currency translation adjustment	10	$ 0	0	0	10	$ 0
Balance, shares at Sep. 30, 2023		6,087,500				5,000,000
Balance, amount at Sep. 30, 2023	$ (165,919)	$ 6,088	$ 31,853	$ (203,723)	$ (187)	$ 50

STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (166,922)	$ (26,348)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense	23,848	500
Amortization of discount on promissory note	10,852	0
Share based compensation	500	0
Changes in operating assets and liabilities:
Prepaid expenses	1,499	(9,965)
Accounts payable	1,299	(9,802)
Accrued expenses	(500)	0
Interest payable	10,188	0
CASH FLOWS FROM OPERATING ACTIVITIES	(119,236)	(45,615)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible promissory note	116,000	0
Proceeds from related party	6,972	45,615
Repayment to related party	(3,543)
CASH FLOWS FROM FINANCING ACTIVITIES	119,429	45,615
NET INCREASE (DECREASE) IN CASH	193	0
Effects of currency translation on cash	(187)	0
Cash, beginning of period	0	0
Cash, end of period	6	0
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

ORGANIZATION AND NATURE OF BUSINESS	9 Months Ended
	Sep. 30, 2023
ORGANIZATION AND NATURE OF BUSINESS
ORGANIZATION AND NATURE OF BUSINESS	Note 1 – ORGANIZATION AND NATURE OF BUSINESS   Crona Corp. (“the Company”) was incorporated in the State of Nevada on October 6, 2016. On February 3, 2023 the Company filed Articles of Continuance with the Secretary of State in the State of Wyoming pursuant to which the Company re-domiciled from the State of Nevada to the State of Wyoming. Effective 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 elimination of germs and microbes through disinfection and anti-microbial protection.

GOING CONCERN	9 Months Ended
	Sep. 30, 2023
GOING CONCERN
GOING CONCERN	Note 2 – GOING CONCERN   The accompanying financial statements have been prepared in conformity with generally accepted accounting principles (“GAAP”), which contemplate the continuation of the Company as a going concern. The Company generated no revenues through September 30, 2023. The Company currently has accumulated losses of $203,723 as of September 30, 2023 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.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES   Basis of presentation The accompanying financial statements have been prepared in accordance with GAAP. The Company’s year-end is December 31.   Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.   Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.   Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. An entity must also disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative information about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract.   Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with ASC 260 “Earnings per share”. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of September 30, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.   Property and Equipment Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterment that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over the following estimated useful lives of the related assets.   Useful life     Minimum   Maximum Equipment 10 Months   15 Years   Intangible assets Intangible assets consist of contracts acquired in an asset purchase agreement (see Note 4). The estimated useful life of these assets was determined to be 3 years. The Company periodically evaluates the reasonableness of the useful lives of these assets. Once these assets are fully amortized, they are removed from the accounts. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. The Company has no intangibles with indefinite lives.   Impairment of Long-Lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of a long-lived asset, management evaluates whether the estimated future undiscounted net cash flows from the asset are less than its carrying amount. If impairment is indicated, the long-lived asset would be written down to fair value. Fair value is determined by an evaluation of available price information at which assets could be bought or sold, including quoted market prices, if available, or the present value of the estimated future cash flows based on reasonable and supportable assumptions. Leases The Company accounts for leases in accordance with Accounting Standards Update (“ASU”) No. 2016-02, “Leases”. Under this guidance, lessees (including lessees under leases classified as finance leases, which are to be classified based on criteria similar to that applicable to capital leases under current guidance, and leases classified as operating leases) will recognize a right-to-use asset and a lease liability on the balance sheet, initially measured as the present value of lease payments under the lease. The guidance permits companies to make an accounting policy election not to apply the recognition provisions of the guidance to short term leases (leases with a lease term of 12 months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise). If this election is made, lease payments under short term leases will be recognized on a straight-line basis over the lease term. The Company has elected not to apply the standard to short-term leases.   Recent Accounting Pronouncements There have been no recent accounting pronouncements or changes in accounting pronouncements during the three months ended September 30, 2023, that are of significance or potential significance to the Company.

ASSET AQUISITION	9 Months Ended
	Sep. 30, 2023
ASSET AQUISITION
ASSET AQUISITION	Note 4 – ASSET AQUISITION   On December 29, 2022, the Company entered into an Asset Purchase Agreement with Zeroblast Services Ltd. (Seller), a related party, to acquire all business assets of the Seller, which included equipment and intangible assets. Seller will also convey any and all contracts that it has with its current customers, written, oral or otherwise (the intangible assets). Consideration for the asset acquisition is a cash payment of 100,000 ($24,980 for the equipment and $75,020 for the intangible asset).The payment shall be in the form of a Promissory Note due on or before December 29, 2024. This note bears interest at 7% per annum, however if the note is fully repaid within twelve (12) months interest is waived. At any time during the first twelve (12) months the note can be reopened for either an extension or renegotiation of the terms of the note.

PROPERTY PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2023
PROPERTY PLANT AND EQUIPMENT
PROPERTY PLANT AND EQUIPMENT	Note 5 – PROPERTY PLANT & EQUIPMENT   The Company’s Property plant and equipment as of September 30, 2023 and December 31, 2022 are as follows:       September 30, 2023     December 31, 2022   Property, plant and equipment, gross   $ 24,980     $ 24,980   Less: Depreciation     (5,093 )     -   Property, plant and equipment, net     19,887       24,980     Total depreciation expenses for the nine months ended September 30, 2023 and 2022 were $5,093 and $0, respectively.

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2023
INTANGIBLE ASSETS
INTANGIBLE ASSETS	Note 6 – INTANGIBLE ASSETS   The Company’s intangible assets as of September 30, 2023 and December 31, 2022 are as follows:       September 30, 2023     December 31, 2022   Intangible assets, gross   $ 75,020     $ 75,020   Less: Amortization     (18,755 )     -   Intangible assets, net   $ 56,265     $ 75,020     Total amortization expenses for the nine months ended September 30, 2023 and 2022, were $18,755 and $0, respectively.

CONVERTIBLE PROMISSORY NOTE	9 Months Ended
	Sep. 30, 2023
CONVERTIBLE PROMISSORY NOTE
CONVERTIBLE PROMISSORY NOTE	Note 7 – CONVERTIBLE PROMISSORY NOTE   On February 09, 2023, the Company issued a convertible promissory note (the “February 2023 Note”) at a face value of $133,000 to a third party at an interest rate of 12% per annum. Net proceeds received against the promissory note is $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue with a conversion price of $0.10.       As of September 30, 2023       Face value     Discount on Promissory Note     Net payable     Accrued Interest   Convertible Promissory Note   $ 133,000     $ (6,148 )   $ 126,852     $ 10,188   Total   $ 133,000     $ (6,148 )   $ 126,852     $ 10,188

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	Note 8 – RELATED PARTY TRANSACTIONS   On December 29, 2022, the Company entered into a promissory Note with a related party, Zeroblast Services Ltd. (Seller). The Promissory Note is entered into as an exchange for 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 September 30, 2023 and December 31, 2022, interest payable totaled $10,188 and $0, 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 $4,807 towards working capital. These advances are unsecured, non-interest bearing and due on demand.   On June 07, 2023, the company issued, 5,000,000 preferred stock class B at par value of $0.0001, to the director, Lucille Zdunich as fully paid and non-assessable for service provided.   During the three months ended June 30, 2023, president & CEO Chris Brown advanced to the Company $891 towards working capital. The company, repaid $2,381 towards the loan of president & CEO Chris Brown.   During the three months ended June 30, 2023, president Dmalamas, advanced to the Company $82 towards working capital. These advances are unsecured, non-interest bearing and due on demand.   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.   As of September 30, 2023, and December 31, 2022, due to related party is $3,650 and $221 respectively.

STOCKHOLDERS EQUITY	9 Months Ended
	Sep. 30, 2023
STOCKHOLDERS EQUITY
STOCKHOLDERS' EQUITY	Note 9 – STOCKHOLDERS’ EQUITY   Common Shares The Company has 1,000,000,000, $0.001 par value shares of common stock authorized.   During the three months ended June 30, 2017, the company issued a total of 1,087,500 common shares for cash proceeds of $1080.   As of September 30, 2023, the company’s common shares issued and outstanding is 6,087,500    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.

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and contingencies (Note 6)
COMMITMENTS AND CONTINGENCIES	Note 10 – COMMITMENTS AND CONTINGENCIES   In November 20, 2020, the Company has entered into a new rental agreement for a $371 monthly fee, starting on December 1, 2020, for a period of one year. In January 2022, the Company extended the lease agreement for a period of one year. The lease was terminated in July 2022. For the nine months ended September 30, 2023 and 2022 rent expense was $0 and $2,226, respectively, which is included within general and administrative expenses on the statements of operations.   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.

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	Note 11 – SUBSEQUENT EVENTS   In accordance with ASC 855-10, the Company has analyzed its operations subsequent to September 30, 2023, 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.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation	The accompanying financial statements have been prepared in accordance with GAAP. The Company’s year-end is December 31.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
Income Taxes	Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Revenue Recognition	The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. An entity must also disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative information about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract.
Basic Income (Loss) Per Share	The Company computes income (loss) per share in accordance with ASC 260 “Earnings per share”. Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of September 30, 2023, there were no potentially dilutive debt or equity instruments issued or outstanding.
Property and Equipment	Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterment that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over the following estimated useful lives of the related assets.   Useful life     Minimum   Maximum Equipment 10 Months   15 Years
Intangible assets	Intangible assets consist of contracts acquired in an asset purchase agreement (see Note 4). The estimated useful life of these assets was determined to be 3 years. The Company periodically evaluates the reasonableness of the useful lives of these assets. Once these assets are fully amortized, they are removed from the accounts. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. The Company has no intangibles with indefinite lives.
Impairment of Long-Lived Assets	The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of a long-lived asset, management evaluates whether the estimated future undiscounted net cash flows from the asset are less than its carrying amount. If impairment is indicated, the long-lived asset would be written down to fair value. Fair value is determined by an evaluation of available price information at which assets could be bought or sold, including quoted market prices, if available, or the present value of the estimated future cash flows based on reasonable and supportable assumptions.
Leases	The Company accounts for leases in accordance with Accounting Standards Update (“ASU”) No. 2016-02, “Leases”. Under this guidance, lessees (including lessees under leases classified as finance leases, which are to be classified based on criteria similar to that applicable to capital leases under current guidance, and leases classified as operating leases) will recognize a right-to-use asset and a lease liability on the balance sheet, initially measured as the present value of lease payments under the lease. The guidance permits companies to make an accounting policy election not to apply the recognition provisions of the guidance to short term leases (leases with a lease term of 12 months or less that do not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise). If this election is made, lease payments under short term leases will be recognized on a straight-line basis over the lease term. The Company has elected not to apply the standard to short-term leases.
Recent Accounting Pronouncements	There have been no recent accounting pronouncements or changes in accounting pronouncements during the three months ended September 30, 2023, that are of significance or potential significance to the Company.

SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of Property and Equipment Estimated Useful Lives	Useful life     Minimum   Maximum Equipment 10 Months   15 Years

PROPERTY PLANT EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2023
PROPERTY PLANT AND EQUIPMENT
Summary of Property Plant Equipment	September 30, 2023     December 31, 2022   Property, plant and equipment, gross   $ 24,980     $ 24,980   Less: Depreciation     (5,093 )     -   Property, plant and equipment, net     19,887       24,980

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2023
INTANGIBLE ASSETS
Summary of Intangible Assets	September 30, 2023     December 31, 2022   Intangible assets, gross   $ 75,020     $ 75,020   Less: Amortization     (18,755 )     -   Intangible assets, net   $ 56,265     $ 75,020

CONVERTIBLE PROMISSORY NOTE (Tables)	9 Months Ended
	Sep. 30, 2023
CONVERTIBLE PROMISSORY NOTE
Schedule Of Convertible Promissory Note	As of September 30, 2023       Face value     Discount on Promissory Note     Net payable     Accrued Interest   Convertible Promissory Note   $ 133,000     $ (6,148 )   $ 126,852     $ 10,188   Total   $ 133,000     $ (6,148 )   $ 126,852     $ 10,188

GOING CONCERN (Details Narrative) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
GOING CONCERN
Accumulated losses	$ (203,723)	$ (36,801)

SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 30, 2023
Minimum [Member]
Estimate useful life	10 months
Maximum [Member]
Estimate useful life	15 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	9 Months Ended
	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Intangible assets estimate useful life	3 years

ASSET AQUISITION (Details Narrative)	9 Months Ended
	Sep. 30, 2023 USD ($)
ASSET AQUISITION
Cash payment for equipment	$ 24,980
Cash payment for intangible assets	$ 75,020
Interest rate	7.00%
Consideration for asset acquisition	$ 100,000

PROPERTY PLANT EQUIPMENT (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
PROPERTY PLANT AND EQUIPMENT
Property, plant and equipment, gross	$ 24,980	$ 24,980
Less: Depreciation	(5,093)	0
Property, plant and equipment, net	$ 19,887	$ 24,980

PROPERTY PLANT EQUIPMENT (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
PROPERTY PLANT AND EQUIPMENT
Depreciation expense	$ 5,093	$ 0

INTANGIBLE ASSETS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
INTANGIBLE ASSETS
Intangible assets, gross	$ 75,020	$ 75,020
Less: Amortization	(18,755)	0
Intangible assets, net	$ 56,265	$ 75,020

INTANGIBLE ASSETS (Details Narrative ) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
INTANGIBLE ASSETS
Amortization expense	$ 18,755	$ 0

CONVERTIBLE PROMISSORY NOTE (Details) - USD ($)	Sep. 30, 2023	Feb. 09, 2023
Face value	$ 133,000	$ 133,000
Discount On Promissory Note	(6,148)	$ (17,000)
Net payable	126,852
Accrued Interest	10,188
Convertible Promissory Note [Member]
Face value	133,000
Discount On Promissory Note	(6,148)
Net payable	126,852
Accrued Interest	$ 10,188

CONVERTIBLE PROMISSORY NOTE (Details Narrative) - USD ($)	Feb. 09, 2023	Sep. 30, 2023
CONVERTIBLE PROMISSORY NOTE
Face value	$ 133,000	$ 133,000
Interest rate	12.00%
Net proceeds received	$ 116,000
Discount	$ 17,000	$ 6,148
Debt maturity	12 months
Conversion price	$ 0.10

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended	12 Months Ended
	Dec. 29, 2022	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Jun. 07, 2023
Due to related party				$ 3,650	$ 221
Interest payable				$ 10,188	0
Class B preferred stock issued		5,000,000		5,000,000
Repayment to related party				$ 3,543
Zeroblast Services Ltd [Member]
Interest payable				10,188	0
CEO Chris Brown [Member]
Repayment to related party		$ 2,381		303
Advanced by related parties		891	$ 4,807		$ 221
Demetrios Malamas [Member]
Advanced by related parties		$ 82
Lucille Zdunich [Member] | Preferred Class B Stock [Member]
Class B preferred stock issued						5,000,000
Preferred stock per value						$ 0.0001
Advanced to Company				$ 333
December 29 2022 [Member] | Zeroblast Services Ltd [Member]
Interest rate	7.00%
Issuence of promissory Note	$ 100,000
Due to related party	$ 100,000

STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2017	Sep. 30, 2023	Jun. 30, 2023	Jun. 07, 2023
Common stock shares authorized		1,000,000,000	1,000,000,000
Common stock shares par value		$ 0.001
Common stock shares issued		6,087,500	6,087,500
Common stock shares outstanding		6,087,500	6,087,500
Common stock total shares issued	1,087,500
Cash proceeds	$ 1,080
Preferred stock shares authorized		10,000,000	10,000,000
Preferred stock shares par value		$ 0.00001	$ 0.00001
Preferred stock issued		5,000,000	5,000,000
Lucille Zdunich [Member] | Preferred Class B Stock [Member]
Preferred stock issued				5,000,000
Preferred stock per value				$ 0.0001

COMMITMENTS AND CONTINGENCIES (Details Narrative) - New Rental Agreement [Member] - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Rent expense	$ 0	$ 2,226
Description of rent	the Company has entered into a new rental agreement for a $371 monthly fee, starting on December 1, 2020, for a period of one year. In January 2022, the Company extended the lease agreement for a period of one year. The lease was terminated in July 2022

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