Tue, Jul 16, 12:49 PM (53 days ago)
Crona Corp.'s Q1 2024 10-Q reveals a challenging financial position with a continued lack of revenue. The company reported a net loss of $17,838 for the quarter, a significant improvement from the $110,239 loss in Q1 2023, primarily due to reduced professional fees and other operating expenses. Total operating expenses were $12,134, down from $106,327 in the previous year. The balance sheet shows total assets of $61,191 and total liabilities of $271,153, resulting in a stockholders' deficit of $209,962. Cash flow from operating activities was neutral, with no significant investing or financing activities during the quarter. The company faces substantial doubt about its ability to continue as a going concern, relying on additional investment capital for future operations.