CRWE 10-K & 10-Q changes, risk factors and insider trading
Crown Equity Holdings, Inc. · OTC · Retail-Computer & Computer Software Stores · CIK 1103833 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
We have experienced net losses and negative cash flows from operating activities and can expect such losses and negative cash flows to continue in the foreseeable future. Our ability to continue as a going concern is dependent upon raising capital from financing transactions and future sales.
If we are unable to adapt to changing market conditions, client requirements or emerging industry standards, our business could be adversely affected.
Because of inherent limitations, a system of internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate due to change in conditions.
These broad market fluctuations may adversely affect the market price of our common stock. In addition, if our operating results differ from our announced guidance or the expectations of equity research analysts or investors, the price of our common stock could decrease significantly.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Largest changes
“During the year ended December 31, 2025, we incurred general operating expenses of $72,608. During the year ended December 31, 2024, we incurred $1,322,249 in operating expenses of which $77,724 were general expenses and $1,244,500 was amortization of warrant discount OTHER INCOME AND EXPENSES During the year ended December 31, 2025, we incurred other expenses of $41,633, consisting of interest expense of $19,942, loss on AP conversion and stock issue of $21,691. …”see in full comparison
“During the year ended December 31, 2024, we incurred other expenses of $2,396,108, consisting of interest expense of $15,566, Loss on debt and AP conversion of $68,480, Loss on related party AP conversion of $2,311,977 and Other Income (Expense) of $85. During the year ended December 31, 2023, we incurred other expenses of $12,545, consisting of interest expense of $12,545. The AP conversion related to $1,179,580 in unpaid pay for employees which was converted to common stock.”see in full comparison
“During the year ended December 31, 2024, we incurred $1,322,249 in operating expenses of which $1,244,500 was amortization of warrant discount, compared to $771,899 in the same period ended December 31, 2023, an increase of $550,350.”see in full comparison
On December 31,see in full comparison2024,2025, the Company had negative working capital of$321,647,$314,062, which consisted of current assets of$3,858$8,572 and current liabilities of$325,505. The current liabilities of the Company on December 31, 2023 totaled $1,476,186 and was composed of:$322,634.
Cash flows provided by financing activities wassee in full comparison$49,591$33,018 for the year ended December 31,20242025 compared to$84,090$49,591 for the same period in2023.2024. The financing activities in20242025 consistedmostlyof proceeds fromBorrowingsborrowings from related party notespayable.payable and the sale of 11,000 shares of common stock.
The Company had a net loss for the year ended December 31,see in full comparison20242025 of$3,716,914$113,464 compared to a net loss of$784,332$3,716,914 for the year ended December 31,2023,2024,anaincreasedecrease of$2,932,582$3,603,450 mainly due to the 2024 expenses of amortization of debt discount of 1,244,500 and Loss on related party AP conversion of $2,311,977.
Full comparison: every changed paragraph (9)
The Company was incorporated on August 31, 19951995, as Visioneering Corporation. In 1999, the Company acquired 20/20 Web Design, Inc., a Colorado corporation wholly owned by Crown Partners, Inc. In August,August 2009, Crown Partners transferred its shares of the Company to Crown Marketing Corporation ("Crown Marketing") in exchange for marketing and public relation services to be provided by Crown Marketing.
On December 31, 2024,2025, the Company had negative working capital of $321,647,$314,062, which consisted of current assets of $3,858$8,572 and current liabilities of $325,505. The current liabilities of the Company on December 31, 2023 totaled $1,476,186 and was composed of:$322,634.
Cash flows provided by financing activities was $49,591$33,018 for the year ended December 31, 20242025 compared to $84,090$49,591 for the same period in 2023.2024. The financing activities in 20242025 consisted mostly of proceeds from Borrowingsborrowings from related party notes payable.payable and the sale of 11,000 shares of common stock.
Sales for the year ended December 31, 20242025 were $1,443$777 compared to $112$1,443 for the year ended December 31, 2023,2024, ana increasedecrease of $1,331.$666.
During the year ended December 31, 2025, we incurred general operating expenses of $72,608. During the year ended December 31, 2024, we incurred $1,322,249 in operating expenses of which $77,724 were general expenses and $1,244,500 was amortization of warrant discount OTHER INCOME AND EXPENSES During the year ended December 31, 2025, we incurred other expenses of $41,633, consisting of interest expense of $19,942, loss on AP conversion and stock issue of $21,691. During the year ended December 31, 2024, we incurred other expenses of $2,396,108, consisting of interest expense of $15,566, loss on debt and AP conversion of $68,480, loss on related party AP conversion of $2,311,977 and Other Income (Expense) of $85.
During the year ended December 31, 2024, we incurred $1,322,249 in operating expenses of which $1,244,500 was amortization of warrant discount, compared to $771,899 in the same period ended December 31, 2023, an increase of $550,350.
OTHER INCOME AND EXPENSES
During the year ended December 31, 2024, we incurred other expenses of $2,396,108, consisting of interest expense of $15,566, Loss on debt and AP conversion of $68,480, Loss on related party AP conversion of $2,311,977 and Other Income (Expense) of $85. During the year ended December 31, 2023, we incurred other expenses of $12,545, consisting of interest expense of $12,545. The AP conversion related to $1,179,580 in unpaid pay for employees which was converted to common stock.
The Company had a net loss for the year ended December 31, 20242025 of $3,716,914$113,464 compared to a net loss of $784,332$3,716,914 for the year ended December 31, 2023,2024, ana increasedecrease of $2,932,582$3,603,450 mainly due to the 2024 expenses of amortization of debt discount of 1,244,500 and Loss on related party AP conversion of $2,311,977.
What changed in the latest 10-Q
Risk Factors
There have been no material changes to Crown Equity’s risk factors as previously disclosed in our most recent 10-K filing for the year ended December 31, 2025.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Largest changes
Three and six months endedsee in full comparisonMarchJune31,30, 2026 Compared to theThreethree and six months endedMarchJune31,30, 2025
“Other expenses for the three-month period ended March 31, 2026 were $5,890 and $13,697 for the same quarter in 2025. The decrease in other expenses was primarily due to only having interest expense in the three months ended March 31, 2026. In the three months ended March 31, 2025, had interest expense of $4,859 loss on accounts payable conversion of $19,579, a miscellaneous loss of $40 and a gain on debt forgiveness of $38,175.”see in full comparison
“Other expenses for the three months ended June 30, 2026 were negative $(7,250) and negative $(3,605) for the three months ended June 30, 2025. Other expense was negative $(12,844) for the six months ended June 30, 2026 and negative $(10,092) for the six months ended June 30, 2025. The increase was mainly due to an increase in interest expense.”see in full comparison
“Revenues were $154 in the three-month period ending June 30, 2026 compared to $163 in the three-month period ending June 30, 2025. Revenues for the six months ending June 30, 2026 were $154 compared to $298 for the six months ending June 30, 2025, were higher due to earned revenues through click-based and impression ads.”see in full comparison
Operating expenses weresee in full comparison$39,703$17,098 for the three months endedMarchJune31,30, 2026 and$17,091$20,881 for thesamethreeperiodmonthsinended June 30, 2025. Operating expenses were $56,801 for the six months ended June 30, 2026 and $37,972 for the six months ended June 30, 2025. The increase in operating expenses was primarilyduecausedtobyanthe increase in professional fees.
“Revenues for the three months ended March 31, 2026 were lower than March 31, 2025 due to no earned revenues through click-based, and impression ads, and the publishing and disseminating of press release in 2026.”see in full comparison
Full comparison: every changed paragraph (13)
The following discussion and analysis should be read in conjunction with our Financial Statements and the notes thereto, set forth in Item 8. “Financial Statements” as set forth in our Annual Report on Form 10-K for the year ended December 31, 2025, and the Condensed Consolidated Financial Statements and notes thereto included in Part I of this Quarterly Report on Form 10-Q. The following discussion may contain forward-looking statements. For additional information, see “Disclosure Regarding Forward Looking Statements” in Part I of this Quarterly Report on Form 10-Q.
In December 2010, the Company formed two wholly owned subsidiaries Crown Tele Services, Inc. and CRWE Direct, Inc. Crown Tele Services, Inc. was formed to provide voice over internet (“VoIP”) services to clients at a competitive price and Crown Direct, Inc. was formed to provide direct sales to customers. Both entities had minimum sales during the quarter.
During the period ending MarchJune 31,30, 2026, the Company utilized the services of independent contractors and its following officers, Mike Zaman, Kenneth Bosket, and Montse Zaman,
Three and six months ended MarchJune 31,30, 2026 Compared to the Threethree and six months ended MarchJune 31,30, 2025
Revenues were $154 in the three-month period ending June 30, 2026 compared to $163 in the three-month period ending June 30, 2025. Revenues for the six months ending June 30, 2026 were $154 compared to $298 for the six months ending June 30, 2025, were higher due to earned revenues through click-based and impression ads.
For the three months ended March 31, 2026, revenues were $0 and $135 for the same period ended in 2025.
Revenues for the three months ended March 31, 2026 were lower than March 31, 2025 due to no earned revenues through click-based, and impression ads, and the publishing and disseminating of press release in 2026.
Operating expenses were $39,703$17,098 for the three months ended MarchJune 31,30, 2026 and $17,091$20,881 for the samethree periodmonths inended June 30, 2025. Operating expenses were $56,801 for the six months ended June 30, 2026 and $37,972 for the six months ended June 30, 2025. The increase in operating expenses was primarily duecaused toby anthe increase in professional fees.
Other expenses for the three months ended June 30, 2026 were negative $(7,250) and negative $(3,605) for the three months ended June 30, 2025. Other expense was negative $(12,844) for the six months ended June 30, 2026 and negative $(10,092) for the six months ended June 30, 2025. The increase was mainly due to an increase in interest expense.
Other expenses for the three-month period ended March 31, 2026 were $5,890 and $13,697 for the same quarter in 2025. The decrease in other expenses was primarily due to only having interest expense in the three months ended March 31, 2026. In the three months ended March 31, 2025, had interest expense of $4,859 loss on accounts payable conversion of $19,579, a miscellaneous loss of $40 and a gain on debt forgiveness of $38,175.
Interest expenses for the threesix months ended MarchJune 31,30, 2026 and 2025 were $5,890$13,295 and $4,859,$9,604, respectively.
As of MarchJune 31,30, 2026, Crown Equity had current assets of $6,666$12,105 and current liabilities of $366,321$395,658 resulting in a working capital deficit of $359,655.$383,55. Net cash used by operating activities for the threesix months ended MarchJune 31,30, 2026 was $30,262negative $60,988 compared to net cash used of $12,313negative $21,236 for the same period in 2025.
For the threesix months ended MarchJune 31,30, 2026, we borrowed $30,231$30,000 from related parties.
CRWE insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 0 filings. Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
No Form 4 stock transactions in this period.
Well-known investors holding CRWE (13F)
None of the 59 investors we track reported a position in their latest 13F.