Crona Corp.

Crona Corp.

Business overview

Crona Corp. operates in the memorialization industry, providing funeral and memorial services (including cremation and burial arrangements) and selling related products such as caskets and urns. Additional services include transportation of the deceased, memorial planning, and assistance with legal documentation and ceremonial arrangements. The company transitioned from antimicrobial surface protection services to focus on memorialization.

Location and corporate status

• Office: 422 Richards Street, Unit 170, Vancouver, BC V6B 2Z4
• Domicile: Incorporated in Nevada originally; as of the report the company is a Wyoming entity.
• Authorized common shares: 1,000,000,000 (par value $0.00001).

Operations and personnel

• Revenues: $0 for the years ended December 31, 2025 and 2024.
• Employees: No employees as of the prospectus date. The sole officer and director, Cheung Lam Hung, devotes approximately 20 hours per week to company matters.

Product sourcing and go-to-market plan

• Plans to import caskets from China (40-foot containers holding 64 caskets each) and sell to funeral homes and regional distributors in the U.S.
• Marketing plans include attending national and state trade shows and advertising in funeral industry magazines and journals.

Financial snapshot (as of December 31, 2025)

• Cash balance: $0.
• Total assets: Presented in the tables between $0 and $25,006 (the financial statements also include depreciation, intangibles, and property/equipment values in other schedules).
• Total liabilities: $227,246.
• Stockholders’ deficit: $(217,367).
• Working capital deficit: $(227,246).
• Revenues: $0 for 2025 and 2024.
• Net loss: $(109,558) for 2025; $(77,395) for 2024.

Operating expenses (2025)

• Depreciation and amortization: $29,197
• General and administrative: $27,707
• Professional fees: $35,375
• Amortization on convertible promissory note: $0 (2024: $1,863)

Other items

• Interest expense: $(17,279) for 2025.
• Related-party debt forgiveness of $151,710 recognized as an in-substance capital contribution and recorded to additional paid-in capital (no cash consideration).

Debt and liabilities

• Convertible promissory note outstanding (face value): $122,500 as of 12/31/2025; accrued interest: $45,664.
• Other liabilities include accounts payable ($929), interest payable on the convertible note ($45,664), and related party advances ($58,153).
• Total long-term liabilities shown as $0 for 2025 (prior year showed $100,000).

Shareholders’ equity and capital changes

• Common stock authorized: 1,000,000,000 shares.
• Common shares issued and outstanding: 16,587,600 at 12/31/2025; 6,587,500 at 12/31/2024.
• Preferred stock authorized: 5,000,000 shares; issued and outstanding: 5,000,000 shares (par value $0.00001) at both dates.
• Common stock par value: $0.001.
• Additional paid-in capital: $183,563.
• Accumulated deficit: $(417,380).
• Accumulated other comprehensive loss: $(188).
• Total stockholders’ deficit: $(217,367).

Key 2025 equity changes

• Issuance of 10,000,100 common shares from restriction issuance.
• Debt forgiveness of $151,710 recorded to additional paid-in capital.
• Net loss for the year: $(109,558).

Related-party transactions and governance

• Director and controlling shareholder Cheung Lam Hung advanced operating funds in 2025 (non-interest bearing, unsecured, repayable on demand); the balance due to the director is disclosed in the statements.
• Related-party debt forgiveness, including amounts forgiven by the director and promissory notes payable to Zeroblast Services Limited, was recorded as in-substance capital contributions.

Going concern

The independent auditor’s report expresses substantial doubt about the company’s ability to continue as a going concern, citing no revenue, an accumulated deficit, negative working capital, and dependence on external funding. Management plans to seek additional equity or debt financing to fund operations, but there is no certainty such financing will be secured.

Summary

Crona Corp. is focused on memorialization services and the import and distribution of memorial products. The company reported no revenue through 2025, has no cash on hand, and reflects a negative equity position. Operations in 2025 were supported by related-party advances and debt forgiveness treated as capital contributions. Management intends to obtain additional financing to execute its business plan and support operations.