ASSET AQUISITION

3 Months Ended

Mar. 31, 2025

Note 4 – ASSET AQUISITION

On December 29, 2022, the Company entered into an Asset Purchase Agreement with Zeroblast Services Ltd. (Seller), then a related party, to acquire all business assets of the Seller, which included equipment and intangible assets. The Seller also conveyed any and all contracts that it has with its current customers, written, oral or otherwise (the intangible assets). Consideration for the asset acquisition was a cash payment of 100,000 ($24,980 for the equipment and $75,020 for the intangible asset) 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.

Promissory Note

	As of March 31, 2025
	Face value		Accrued Interest		Net payable
Promissory Note	$	100,000	$	15,745	$	115,745
Total	$	100,000	$	15,745	$	115,745

	As of December 31, 2024
	Face value		Accrued Interest		Net payable
Promissory Note	$	100,000	$	14,019	$	114,019
Total	$	100,000	$	14,019	$	114,019

Accrued Interest as of March 31, 2025, is $15,745 and December 31, 2024, is $14,019. Promissory note payable is $100,000 and $100,000 as of March 31, 2025, and December 31, 2024.

Total interest expenses of $1,726 and $1,740 for the three months ended March 31, 2025, and 2024.

Crona Corp. 10-Q/A