Quarterly ResultMay 11, 2026, 03:21 PM
Crown Equity Q1 2026 Net Loss $(45,593) on Zero Revenue
AI Summary
Crown Equity Holdings, Inc. reported a net loss of $(45,593) for the first quarter of 2026, a substantial increase from the $(3,259) loss in the same period last year. The company generated no revenue during Q1 2026, down from $135 in Q1 2025. These financial conditions, coupled with an accumulated deficit of over $18.8 million and a working capital deficit of $359,655, raise substantial doubt about the company's ability to continue as a going concern.
Key Highlights
- Net loss for Q1 2026 was $(45,593), significantly higher than $(3,259) in Q1 2025.
- Revenue for Q1 2026 was $0, a decrease from $135 in Q1 2025.
- Accumulated deficit reached $18,817,145 as of March 31, 2026.
- Working capital deficit stood at $359,655 as of March 31, 2026.
- Cash and cash equivalents were $2,241 as of March 31, 2026.
- Total liabilities increased to $366,321 from $322,634 since December 31, 2025.
- General and administrative expenses rose to $39,703 from $17,091 year-over-year.
- Entered into two promissory notes totaling $30,000 with Mike Zaman in April 2026.