UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~March 31,~~September 30, 2023

☐	TRANSITION REPORT UNDER SECTION 13 OF 15(d) OF THE EXCHANGE ACT OF 1934

For the transition period from ___________ to ____________

Commission File Number 000-29935

CROWN EQUITY HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Nevada

33-0677140

(State or other jurisdiction of

incorporation or organization)

(IRS Employer

Identification No.)

11226 Pentland Downs Street, Las Vegas, NV 89141

(Address of principal executive offices)

(702) 683-8946

(Issuer’s telephone number)

Indicate by check mark whether the Company (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the Company was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of ~~"large~~“large accelerated ~~filer"~~filer”, ~~"accelerated filer"~~“accelerated filer”, ~~"smaller~~“smaller reporting ~~company"~~company”, and ~~"emerging~~“emerging growth ~~company"~~company” in Rule 12b-2of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated ~~Filer~~filer	☐	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Company is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of ~~May 15,~~November 14, 2023, the number of shares outstanding of the registrant’s class of common stock was 13,385,047.

TABLE OF CONTENTS

		Page

PART I: FINANCIAL INFORMATION		3

Item 1.	Financial Statements (Unaudited)	4
	Condensed Consolidated Balance ~~Sheets~~Sheet as of ~~March 31,~~September 30, 2023 (Unaudited) and December 31, 2022 (Audited)	4
	Condensed Consolidated Statements of Operations for the Three and Nine Months Ended ~~March 31,~~September 30, 2023 and 2022 (Unaudited)	5
	Condensed Consolidated Statements of Changes in Stockholders’ Deficit for the Three and Nine Months Ended ~~March 31,~~September 30, 2023 and 2022 (Unaudited)	6
	Condensed Consolidated Statements of Cash Flows for the ~~Three~~Nine Months Ended ~~March 31,~~September 30, 2023 and 2022 (Unaudited)	7
	Notes to Condensed Consolidated Financial Statements (Unaudited)	8

Item 2.	Management’s Discussion and Analysis and Plan of Operation	2120

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	22

Item ~~4T.~~4.	Controls and Procedures	22

PART II: OTHER INFORMATION		23

Item 1.	Legal Proceedings	23

Item 1A.	Risk Factors	23

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	23

Item 3.	Defaults upon Senior Securities	23

Item 4.	Mine Safety Information	23

Item 5.	Other Information	23

Item 6.	Exhibits	24

Signatures		25

Table of Contents

PART I. FINANCIAL INFORMATION

DEFINITIONS

In this Quarterly Report on Form 10-Q, the words “Crown Equity”, the “Company”, the “Registrant”, “we”, “our”, “ours” and “us” refer to Crown Equity Holdings, Inc.

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q includes certain statements that may be deemed “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, all of which are based upon various estimates and assumptions that the Company believes to be reasonable as of the date hereof. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “seek,” “estimate,” “predict,” “potential,” “pursue,” “target,” “continue,” the negative of such terms or other comparable terminology. These statements involve risks and uncertainties that could cause the Company’s actual future outcomes to differ materially from those set forth in such statements. Such risks and uncertainties include, but are not limited to:

	·	the possibility that certain tax benefits of our net operating losses may be restricted or reduced in a change in ownership or a further change in the federal tax rate;

	·	the inability to carry out plans and strategies as ~~expected~~expected;

	·	limitations on the availability of sufficient credit or cash flow to fund our working capital needs and capital expenditures and debt service;

	·	difficulty in fulfilling the terms of our convertible note payables, which could result in a default and acceleration of our indebtedness under our convertible note payables;

	·	the possibility that we issue additional shares of common stock or convertible securities that will dilute the percentage ownership interest of existing stockholders and may dilute the book value per share of our common stock;

	·	the relatively low trading volume of our common stock, which could depress our stock price;

	·	competition in the industries in which we operate, both from third parties and former employees, which could result in the loss of one or more customers or lead to lower margins on new projects;

	·	a general reduction in the demand for our services;

	·	our ability to enter into, and the terms of, future contracts;

	·	uncertainties inherent in estimating future operating results, including revenues, operating income or cash flow;

	·	complications associated with the incorporation of new accounting, control and operating procedures;

	·	the recognition of tax benefits related to uncertain tax positions;

You should understand that the foregoing, as well as other risk factors discussed in this document and in Part I, of our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, could cause future outcomes to differ materially from those experienced previously or those expressed in such forward-looking statements. We undertake no obligation to publicly update or revise any information, including information concerning our controlling shareholder, net operating losses, borrowing availability or cash position, or any forward-looking statements to reflect events or circumstances that may arise after the date of this report. Forward-looking statements are provided in this Quarterly Report on Form 10-Q pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of the estimates, assumptions, uncertainties, and risks described herein.

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CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATED BALANCE ~~SHEETS~~SHEET

(Unaudited)

	March 31, 2023			December, 31, 2022				September 30, 2023			December 31, 2022

Current assets
Cash	$	7,333		$	2,930			$	2,311		$	2,930
Total Current Assets		7,333			2,930				2,311			2,930
Property and Equipment, net		1,511			2,507				32			2,507
Total Assets	$	8,844		$	5,437			$	2,343		$	5,437

Liabilities and Stockholders’ Deficit							Liabilities and Stockholders’ Deficit
Current liabilities
Accounts payable and accrued expenses	$	145,313		$	145,630			$	153,952		$	145,630
Accounts payable and accrued expenses to related party		1,206,390			1,208,740				1,203,480			1,208,740
Notes payable to related parties		27,500			9,500				65,800			9,500
Convertible notes payable to related parties, net of debt discount		32,310			19,028				26,600			19,028
Current portion of long-term debt		-			2,870
Note payable short-term debt									502			2,870
Total Current Liabilities		1,411,513			1,385,768				1,450,334			1,385,768

Non-Current liabilities
Long-term debt		2,087			-
Total Liabilities		1,413,600			1,385,768				1,450,334			1,385,768

Stockholders' deficit
Series A Convertible Preferred Stock, $0.001 par value, 1,000 shares authorized, 1,000 issued and outstanding at March 31, 2023 and December 31, 2022		1			1
Common Stock, 450,000,000 authorized at $0.001 par value; and 13,385,047 and 13,385,047 shares issued and outstanding at March 31, 2023 and December 31, 2022		13,384			13,384
Stockholders’ deficit
Preferred Stock, 20,000,000 shares authorized, authorized at $0.001 par value, none issued or outstanding									-			-
Series A Convertible Preferred Stock, $0.001 par value, 1,000 shares authorized, 1,000 issued and outstanding at September 30, 2023 and December 31, 2022									1			1
Common Stock, 450,000,000 authorized at $0.001 par value; and 13,385,047 and 13,385,047 shares issued and outstanding at September 30, 2023 and December 31, 2022									13,384			13,384
Additional paid-in capital		12,763,126			12,763,126				12,763,189			12,763,126
Accumulated deficit		(14,181,267	)		(14,156,842	)			(14,224,565	)		(14,156,842	)
Total stockholders' deficit		(1,404,756	)		(1,380,331	)
Total liabilities and stockholders' deficit	$	8,844		$	5,437
Total stockholders’ deficit									(1,447,991	)		(1,380,331	)
Total liabilities and stockholders’ deficit								$	2,343		$	(5,437	)

The accompanying notes are an integral part of these financial statements.

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CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

For the Three Months

March 31,

2023

2022

Revenues

Revenues

$ -

$ 144

Total Revenues

-

144

Operating expenses

General and administrative expense

22,304

127,916

Depreciation

996

1,828

Total Operating Expenses

22,300

129,744

(Loss) from operations

(22,300
)

(129,600 )

Other income (expense)

Interest expense

(1,125
)

(565 )
Gain (loss) on stock held

-

(171,851 )
Investment expense

-

(3,522 )
Total Other Expense

(1,125
)

(175,938 )

Net (loss)

$ (24,425
)

$ (305,538 )

Basic and Diluted income (loss) per share

Basic and diluted income loss per share

$ (0.00
)

$ (0.02 )

Weighted average number of shares outstanding basic and diluted

13,385,047

13,323,531

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2023			2022			2023			2022

Revenue	$	-		$	126		$	-		$	683
Revenue – related party		-			-						2,150
Total Revenue		-			126			-			2,833

Operating expenses
Depreciation		484			997			2,476			5,040
General and Administrative		25,954			122,232			60,268			372,696
Total Operating Expenses		26,438			123,229			62,744			377,736
Net Operating Income (Loss)		(26,438	)		(123,103	)		(62,744	)		(374,903	)

Other (expense)
Interest expense		(3,507	)		(1,922	)		(4,979	)		(3,360	)
Gain (Loss) on Stocks Held		-			-			-			(252,568	)
Other Income (Expense)		-			-			-			(4,616	)
Total other expense		(3,507	)		(1,922	)		(4,979	)		(260,544	)
Net (loss)	$	(29,945	)	$	(125,025	)	$	(67,723	)	$	(635,447	)

Net (loss) per common share – basic and diluted	$	(0.00	)	$	(0.01	)	$	(0.01	)	$	(0.05	)
Weighted average number of common shares outstanding – basic and diluted		13,385,047			13,346,642			13,385,047			13,338,056

The accompanying notes are an integral part of these financial statements.

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CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATEDSTATEMENTS OF CHANGES IN ~~STOCKHOLDERS'~~STOCKHOLDERS’ DEFICIT

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 2023 AND 2022

(Unaudited)

For the Three Months Ended ~~March 31,~~September 30, 2023

Preferred Stock

Common Stock

Common
Stock

Additional
Paid-In

Accumulated

Total
Stockholders'

Shares

Amount

Shares

Amount

Payable

Capital

Deficit

(Deficit)

Balances at December 31, 2022

1,000

$ 1

13,385,047

$ 13,384

-

$ 12,763,126

$ (14,156,842 )

$ (1,380,331 )
Net loss

-

-

(24,425 )

(24,425 )
Balances at March 31, 2023

1,000

$ 1

13,385,047

$ 13,338

-

$ 12,763,126

$ (14,181,267 )

$ (1,404,756 ) )

Preferred Stock

Common Stock

Common
Stock

Additional
Paid-In

Accumulated

Total
Stockholders’

Shares

Amount

Shares

Amount

Payable

Capital

Deficit

(Deficit)

Balances at June 30, 2023

1,000

$ 1

13,385,047

$ 13,384

-

$ 12,763,126

$ (14,194,620 )

$ (1,418,109 )
Warrant Subscription

63

63

Net loss

-

-

(29,945 )

(29,945 )
Balances at Sept 30, 2023

1,000

$ 1

13,385,047

$ 13,384

-

$ 12,763,189

$ (14,224,565 )

$ (1,447,991 )
For the Three Months Ended ~~March 31,~~September 30, 2022

Preferred Stock

Common Stock

Common
Stock

Additional
Paid-In

Accumulated

Total
Stockholders'

Shares

Amount

Shares

Amount

Payable

Capital

Deficit

(Deficit)

Balances at December 31, 2021

1,000

$ 1

13,318,642

$ 13,318

-

$ 12,729,990

$ (13,416,867 )

$ (673,558 )
Common Stock issued for cash

-

-

20,000

20

-

9,980

-

10,000

Net loss

-

-

(305,538 )

(305,538 )
Balances at March 31, 2022

1,000

$ 1

13,338,642

$ 13,338

-

$ 12,739,970

$ (13,722,405 )

$ (969,096 )

Preferred Stock

Common Stock

Common
Stock

Additional
Paid-In

Accumulated

Total
Stockholders’

Shares

Amount

Shares

Amount

Payable

Capital

Deficit

(Deficit)

Balances at June 30, 2022

1,000

$ 1

13,346,642

$ 13,346

$ -

$ 12,743,962

$ (13,927,289 )

$ (1,169,980 )
Net loss

-

-

-

-

-

-

(125,025 )

(125,025 )
Balances at Sept 30, 2022

1,000

$ 1

13,346,642

$ 13,346

$ -

$ 12,743,962

$ (14,052,314 )

$ (1,309,005 )
For the Nine Months Ended September 30, 2023

Preferred Stock

Common Stock

Common
Stock

Additional
Paid-In

Accumulated

Total
Stockholders’

Shares

Amount

Shares

Amount

Payable

Capital

Deficit

(Deficit)

Balances at December 31, 2022

1,000

$ 1

13,385,047

$ 13,384

-

$ 12,763,126

$ (14,156,842 )

$ (1,380,331 )
Warrant Subscription

63

63

Net loss

-

-

-

-

-

-

(67,723 )

(67,723 )
Balances at Sept 30, 2023

1,000

$ 1

13,385,047

$ 13,384

-

$ 12,763,189

$ (14,224,565 )

$ (1,447,991 )
For the Nine Months Ended September 30, 2022

Preferred Stock

Common Stock

Common
Stock

Additional
Paid-In

Accumulated

Total
Stockholders’

Shares

Amount

Shares

Amount

Payable

Capital

Deficit

(Deficit)

Balances at December 31, 2021

1,000

$ 1

13,318,642

$ 13,318

$ -

$ 12,729,990

$ (13,416,867 )

$ (673,558 )
Common Stock issued for cash

-

-

28,000

28

-

13,972

Net loss

-

-

-

-

-

-

(635,447 )

(635,447 )
Balances at Sept 30, 2022

1,000

$ 1

13,346,642

$ 13,346

$ -

$ 12,743,962

$ (14,052,314 )

$ (1,309,005 )

The accompanying notes are an integral part of these financial statements.

6
Table of Contents

CROWN EQUITY HOLDINGS, INC.
CONDENSED CONSOLIDATEDSTATEMENTS OF CASH FLOWS
(Unaudited)

For the Three Months Ended

For the Nine Months Ended

March 31,

September 30,

2023

2022

2023

2022

Cash flows from operating activities

Net (loss)

$ (24,425 )

$ (305,538 )

$ (67,723 )

$ (635,447 )
Forgiveness of EIDL Advance

-

-

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation

996

1,828

2,475

5,040

Losson stocks held

-

171,851

Loss (gain) on brokerage account

-

252,568

Loss on investment

-

3,522

-

4,616

Changes in operating assets and liabilities

Accounts payable and accrued expenses – related party

(2,350 )

102,450

(5,260 )

232,200

Accounts payable and accrued expenses

(318 )

1,996

8,322

68,584

Net cash (used in) operating activities

(26,097 )

(23,891 )

(62,186 )

(72,439 )

Cash flows from investing activities

Cash withdrawn from brokerage account

-

17,000

-

67,000

Net cash provided by investing activities

-

17,000

Net cash (used in) investing activities

-

67,000

Cash flows from financing activities

Payments on convertible notes payable, related party

(1,318 )

(3,300 )

(7,028 )

(3,512 )
Borrowings from convertible notes payable, related party

14,600

-

14,600

-

Borrowings from notes payable, related party

18,000

4,500

56,300

19,500

Proceeds from Sale of Stock

-

10,000

-

14,000

Principal payments on debt

(782 )

(5,126 )

(2,368 )

(22,065 )
Warrant Subscriptions

63

-

Net cash provided by financing activities

30,500

6,074

61,567

7,923

Net increase (decrease) in cash

4,403

(817 )

(619 )

2,484

Cash, beginning of period

2,930

4,320

2,930

4,320

Cash, end of period

$ 7,333

$ 3,503

$ 2,311

$ 6,804

SUPPLEMENTAL DISCLOSURE:

Interest paid

$ -

$ -

$ 4,979

$ 3,360

Income taxes paid

-

-

-

-

NONCASH INVESTING AND FINANCING ACTIVITIES :

RP-AP Converted into common stock

$ -

-

Shares issued for stock payable

$ -

$ -

Repayments of margin loan from brokerage account

$ -

$ 263,151

The accompanying notes are an integral part of these financial statements.

7
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CROWN EQUITY HOLDINGS, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Nature of Business

Crown Equity Holdings Inc. ("(“Crown ~~Equity"~~Equity” or the ~~"Company"~~“Company”) was incorporated in August 1995 in Nevada. The Company offers through its digital network of websites, advertising branding, marketing solutions and other services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. The Company focuses on the distribution of information for the purpose of bringing together its audience with the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. Crown Equity ~~Holdings'~~Holdings’ objective is ~~to make~~making its endeavor known as CRWE WORLD into a global online news and information source, as well as a global one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally.

On January 27, 2020, the Company re-acquired from AVOT the online business iB2BGlobal.com and since ~~the Company~~company had not received the shares promised during the original sale.

Basis of Preparation

The accompanying financial statements include the financial information of Crown Equity Holdings Inc. (“Crown Equity”, the “Company”) have been prepared in accordance with the instructions to financial reporting as prescribed by the Securities and Exchange Commission (the “SEC”). The preparation of these financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”). In the opinion of ~~the~~ management, the financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein.

Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation.

Adoption of New Accounting Standard

In ~~February 2016, the FASB issued ASU 2016-02 “~~~~Leases”,~~ ~~which is codified in ASC 842 “~~~~Leases”~~ and supersedes current lease guidance in ASC 840. These provisions require lessees to put a right-of-use asset and lease liability on their balance sheet for operating and financing leases that have a term of more than one year. Expense will be recognized in the income statement similar to current accounting guidance. For lessors, the ASU modifies the classification criteria and the accounting for sales-type and direct financing leases. Entities will need to disclose qualitative and quantitative information about their leases, including characteristics and amounts recognized in the financial statements. These provisions are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We adopted the provisions on January 1, 2019, including interim periods subsequent to the date of adoption. Entities are required to use a modified retrospective approach upon adoption to recognize and measure leases at the beginning of the earliest comparative period presented in the financial statements. Since all the leases were finance leases, there was no effect on the financial statements when ASC 842 was adopted.
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In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to non-employees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for non-employee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements.
~~Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flow.~~
~~Accounting Standards not yet Adopted~~
In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. The Company adopted ASU 2016-13 ~~is effective for us~~ in ~~our~~its first quarter of fiscal 2023 and ~~earlier~~found the adoption ~~is permitted. We are currently evaluating the~~did not have a material effect or significant impact ~~of our pending adoption of ASU 2016-13~~ on ~~our~~its financial statements.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are primarily used in our revenue recognition, long-lived asset impairments and adjustments, deferred tax, stock-based compensation, and reserves for legal matters.

Cash and Cash Equivalents

Crown Equity considers all highly liquid investments purchased with an original maturity of three months or less to be cash and cash equivalents.

8
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Stock-Based Compensation

The Company accounts for stock-based compensation to employees in accordance with ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at ~~the~~ grant date, based on the fair value of the award, and is recognized as expense over the requisite employee service period. The Company accounts for stock-based compensation to other than employees in accordance with ASC 505-50. Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the ~~company's~~company’s common stock for common share issuances.

Revenue Recognition

~~The core principles of revenue recognition under ASC 606 include the following five criteria:~~
The core principles of revenue recognition under ASC 606 include the following five criteria:
1.
Identify the contract with the customer

~~Contracts~~A contract with our customers may be oral, written, or implied. A written and signed invoice stating the terms and conditions is the Company’ preferred method. The terms of a written contract may be contained within the body of an invoice or in an email. No work is commenced without an understanding between the Company and our client that a valid contract exists.

2.
Identify the performance obligations in the contract

Our sales and account management teams define the scope of services to be offered, to ensure all parties agree, and obligations are being delivered to the customer as promised. The performance obligation may not be fully identified in a mutually signed contract, but may be outlined in email correspondence, face-to-face meetings, additional proposals or scopes of work, or phone conversations.

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3.
Determine the transaction price

Pricing is discussed and identified by the operations team prior to submitting an invoice to the customer.

4.
Allocate the transaction price to the performance obligations in the contract

If a contract involves multiple obligations, the transaction pricing is allocated accordingly, during the performance obligation phase.

5.
Recognize revenue when (or as) we satisfy a performance obligation

The Company uses digital marketing that includes digital advertising, SEO management and digital ad support. We provide whether presenting a vibrant but simple message about our clients that will enlighten their audience or deploying an influential digital marketing campaign on our online site or across one or multiple social media platforms. Revenue is recognized when ads are run on ~~the~~ Company’s advertising ~~platform.~~platform

The company generates analytical reports monthly or as required to show how the ad dollars were spent and how the targeting resulted in click-through. The report satisfies the performance obligation, regardless of the outcome or effectiveness of the campaign.
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Table of Contents

Sales are recognized when promised services are started in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Sales for service contracts generally are recognized as the services that are being provided.

Nine Months Ended Sept. 30, 2023

Nine Months Ended Sept. 30, 2022

Three Months Ended
March 31, 2023

Three Months Ended
March 31, 2022

Third Party

Related Party

Total

Third Party

Related Party

Total

Third
Party

Related
Party

Total

Third
Party

Related
Party

Total

Advertising

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Click Based and Impressions Ads

-

-

-

144

-

144

-

-

-

373

-

373

Domain Registrations

-

-

-

-

-

-

Accounting

-

-

-

-

2,000

2,000

Publishing and Distribution

-

-

-

-

-

-

-

-

-

310

150

460

Server

-

-

-

-

-

-

$ -

$ -

$ -

$ 144

$ -

$ 144

$ -

$ -

$ -

$ 683

$ 2,150

$ 2,833

There was not any revenue earned during the nine-months period ending ~~March 31,~~September 30, 2023.

~~Mar 31,~~Sept. 30,

~~Mar 31~~Sept. 30,

2023

2022

Deferred Revenue

$ -

$ -

Deferred revenue is based on cash received or billings in excess of revenue recognized until revenue recognition criteria are met. Client prepayments are deferred and recognized over future periods as services are delivered or performed.

Accounts Receivable and Allowance for Doubtful Accounts

The Company establishes an allowance for bad debts through a review of several factors including historical collection experience, the current aging status of the customer accounts, and the financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of ~~March 31,~~September 30, 2023 and December 31, 2022.
10
~~Table of Contents~~

Risk Concentrations

The Company does not hold cash ~~in excess of~~more than the federally insured limits.

During the nine-month period ending ~~March 31,~~September 30, 2023, the ~~Company’s~~Company did not receive any revenues from its available services.

General and Administrative Expenses

Crown ~~Equity's~~Equity’s general and administrative expenses consisted of the following types of expenses during 2023 and ~~2022.~~2022: Compensation ~~expenses,~~expense, auto, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation, and other administrative related expenses.

Property and Equipment

Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity, or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on the disposition of equipment are reflected in operations. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.

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Table of Contents
Impairment of Long-Lived Assets

The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses the recoverability of ~~the~~an asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on ~~either of~~ the expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2023 or 2022.

Basic and Diluted Net (Loss) per Share

Three Months
Mar 31, 2023

Three Months
Mar 31, 2022

Nine Months
Sept. 30, 2023

Nine Months
Sept. 30, 2022

Numerator:

Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.

$ (24,425 )

$ (305,538 )

$ (67,723 )

$ (635,447 )
Net (Loss) attributable to Crown Equity Holdings, Inc.

$ (24,425 )

$ (305,538 )

$ (67,723 )

$ (635,447 )

Denominator:

Weighted average common and common equivalent shares outstanding – basic and diluted

13,385,047

13,323,531

13,385,047

13,338,056

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:

Basic

$ (0.00 )

$ (0.02 )

$ (0.01 )

$ (0.05 )
Diluted

$ (0.00 )

$ (0.02 )

$ (0.01 )

$ (0.05 )

Three Months
Sept. 30, 2023

Three Months
Sept. 30, 2022

Numerator:

Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.

$ (29,945 )

$ (125,025 )
Net (Loss) attributable to Crown Equity Holdings, Inc.

$ (29,945 )

$ (125,025 )

Denominator:

Weighted average common and common equivalent shares outstanding – basic and diluted

13,385,047

13,346,642

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:

Basic

$ (0.00 )

$ (0.01 )
Diluted

$ (0.00 )

$ (0.01 )

When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the periods ended ~~March 31,~~September 30, 2023, and 2022. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended ~~March 31,~~September 30, 2023 is ~~21,400,000.~~23,961,800 and September 30, 2022 was 214,001,000.

Income Taxes

In December 2017, the Tax Cuts and Jobs Act (the “Act”) was enacted, which, among other changes, reduced the federal statutory corporate tax rate from 35% to 21%, effective January 1, 2018. As a result of this change, the Company’s statutory tax rate for fiscal ~~2020~~2019 and ~~2021~~2020 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of ~~March 31,~~September 30, 2023, and December 31, 2022, the Company has not reflected any amounts as a deferred tax asset due to the uncertainty of future profits to offset any net operating loss.

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Table of Contents
The Company’s deferred tax assets consisted of the following as of ~~March 31,~~September 30, 2023 and December 31, 2022:

Sept. 30,
2023

Dec. 31,
2022

Mar 31,
2023

Dec 31,
2022

Net operating loss

$ 913,782

$ 908,653

$ 922,982

$ 908,653

Valuation allowance

(913,782 )

(908,653 )

(922,982 )

(908,653 )
Net deferred tax asset

-

-

-

-

Uncertain tax position

The Company also follows guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of ~~March 31,~~September 30, 2023 and December 31, ~~2022.~~2023.

Fair Value of Financial Instruments

The ~~Company's~~Company’s financial instruments consist of cash and cash equivalents, accounts payable and debt. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Research and Development

The Company spent no money for research and development costs ~~for~~during the ~~period~~periods ended ~~March 31,~~September 30, 2023 and ~~year ended~~ December 31, 2022.

Advertising Cost

The Company spent $0 for advertisement for the periods ended ~~March 31,~~September 30, 2023 and ~~March 31,~~ 2022.

NOTE 2 – GOING CONCERN

As shown in the accompanying condensed consolidated financial statements, Crown Equity has an accumulated deficit of $ ~~14,181,267~~14,224,565 since its inception and had a working capital deficit of ~~$1,404,180~~$ 1,447,991, negative cash flows from operations and limited business operations as of ~~March 31,~~September 30, 2023. These conditions raise substantial doubt as to Crown ~~Equity's~~Equity’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if Crown Equity is unable to continue as a going concern.

Crown Equity continues to review its expense structure reviewing costs and their reduction to move towards profitability. Management plans to continue raising funds through debt and equity financing to grow the business to profitability. This financing may be insufficient to fund expenditures or other cash requirements. There can be no assurance that additional financing will be available to the Company on acceptable terms or at all. These financial statements do not give effect to adjustments to assets would be necessary for the Company be unable to continue as going concern.

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Table of Contents

NOTE 3 – PROPERTY AND EQUIPMENT

The Company’s policy is to capitalize all property purchases over $1,000 and depreciate the assets over their useful lives of 3 to 7 years.

Property consists of the following ~~at March 31,~~on September 30, 2023 and December 31, 2022:

Mar 31,
2023

Dec 31,
2022

Sept. 30,
2023

Dec. 31,
2022

Computers – 3 year estimated useful life

$ 108,622

$ 108,622

$ 108,622

$ 108,622

Less – Accumulated Depreciation

(107,111 )

(106,115 )

(108,590 )

(106,115 )
Property and Equipment, net

$ 1,511

$ 2,507

$ 32

$ 2,507

Depreciation has been provided over each asset’s estimated useful life. Depreciation ~~expense was $996,~~expenses were $2,476, and ~~$1,828~~$5,040 for the ~~three~~nine months ended ~~March 31,~~September 30, 2023 and 2022 respectively.

NOTE 4 – INVESTMENT TRADING SECURITIES AND MARGIN LOANS

The Company invested in various industries within the Nasdaq and New York stock exchange.

As of ~~March 31,~~September 30, 2023, the market value of the Company’s account portfolio, consisting of stocks only, was $0.00 offset by a margin loan of $0.00. The loan is collateralized by the securities in the account and carries 7.5% annual interest rate. The Company transferred $200,000 cash from accounts to brokerage account during the 3rd quarter of 2021. The Company invested in various industries within the Nasdaq and New York stock exchange. The margin loan interest was $0.00 for the period ended ~~March 31,~~September 30, 2023.

NOTE 5 – FINANCE LEASES

During 2019 and 2020, the Company borrowed an aggregate ~~$7,357~~$9,985 and ~~$9,985~~$7,357 under the following third-party and related party finance lease transactions:

A $9,985 note from a third party for the lease of fixed assets, bearing interest at 22%, amortized over 24 months with a payment of $498 in addition to a $22 management fee for a total monthly payment of $520. The lease has a bargain purchase option of $1 at the end of the lease term.

~~A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.60% amortized over 36 months with payments of $219.~~
~~A $1,188 note from a third party for the purchase of fixed assets, bearing interest at 16.60%, amortized over 36 months with payments of $42.~~
·
A $9,985 note from a third party for the lease of fixed assets, bearing interest at 22%, amortized over 24 months with a payment of $498 in addition to a $22 management fee for a total monthly payment of $520. The lease has a bargain purchase option of $1 at the end of the lease term.
·
A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.6% amortized over 36 months with payments of $219.
·
A $1,188 note from a third party for the purchase of fixed assets, bearing interest at 16.60% amortized over 36 months with payments of $42.

The following is a schedule of the net book value of the finance lease.

Assets

March 31,
2023

Sept. 30,
2023

Leased equipment under finance lease,

$ 73,883

$ 73,883

less accumulated amortization

(72,372 )

(73,402 )
Net

$ 1,511

$ 481

Liabilities

March 31,
2023

Sept. 30,
2023

Obligations under finance lease (current)

$ 2,087

$ 502

Obligations under finance lease (noncurrent)

-

-

Total

$ 2,087

$ 502

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Table of Contents

The following is a schedule, by years, of future minimum lease payments required under finance leases.

Years ended ~~March~~December 31

Finance Leases

2023

~~2,277~~522

Thereafter

-

Total

~~2,277~~522

Less: Imputed Interest

(~~190~~20 )
Total Liability

~~2,087~~502

NOTE 6 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

As of ~~March 31,~~September 30, 2023, and December 31, 2022, the Company had unamortized ~~discounts~~discount of $0 and $0 respectively.

The Company analyzed the below convertible notes ~~below~~ for derivatives noting none.

Original

Due

Interest

March 31,

Name

Note Date

Date

Rate

2023

Related Party Notes Payable:

Willy A. Saint-Hilaire

02/28/2022

02/28/2023

12 %

4,500

Mohammad Sadrolashrafi

11/17/2022

11/17/2023

12 %

5,000

Mike Zaman Irrevocable Trust

03/23/2023

03/23/2024

12 %

18,000

Total Related Party Notes Payable

27,500

Related Party Convertible Notes Payable:

Willy A. Saint-Hilaire

04/06/2021

04/06/2022

12 %

-

Jamie Hadfield

04/07/2022

04/07/2023

12 %

10,000

Willy A. Saint-Hilaire

04/16/2021

04/16/2022

12 %

1,100

Willy A. Saint-Hilaire

04/21/2021

04/21/2022

12 %

1,110

Willy A. Saint-Hilaire

04/30/2021

04/30/2022

15.15 %

2,750

Willy A. Saint-Hilaire

05/04/2021

05/04/2022

15.15 %

750

Mike Zaman Irrevocable Trust

12/25/2022

12/25/2023

12 %

2,000

Mike Zaman

01/11/2023

01/11/2024

12 %

1,100

Mike Zaman Irrevocable Trust

01/23/2023

01/23/2024

12 %

2,500

Mike Zaman Irrevocable Trust

01/31/2023

01/31/2024

12 %

1,000

Mike Zaman Irrevocable Trust

02/14/2023

02/14/2024

12 %

10,000

Total Convertible Related Party Notes Payable

32,310

Less: Debt Discount

0

Convertible Notes Payable, net of Discount - Related Party

32,310

13
~~Table of Contents~~
Name

Original
Note Date

Due
Date

Interest
Rate

Sept 30,
2023

Related Party Notes Payable:

Willy A. Saint-Hilaire

02/28/2022

11/17/2023

12 %

-

Mohammad Sadrolashrafi

11/17/2022

11/17/2023

12 %

5,000

Mike Zaman Irrevocable Trust

03/23/2023

03/23/2024

12 %

18,000

Mike Zaman Irrevocable Trust

05/08/2023

05/08/2024

12 %

5,800

Mike Zaman Irrevocable Trust

06/02/2023

06/02/2024

12 %

2,500

Mike Zaman Irrevocable Trust

06/20/2023

06/20/2024

12 %

3,000

Mike Zaman

07/18/2023

07/18/2024

12 %

15,000

Mike Zaman Irrevocable Trust

08/04/2023

08/04/2024

12 %

12,000

Mike Zaman Irrevocable Trust

09/20/2023

09/20/2024

12 %

2,500

Mike Zaman Irrevocable Trust

09/22/2023

09/22/2024

12 %

1,000

Mike Zaman Irrevocable Trust

09/23/2023

09/23/2024

12 %

1,000

Total Related Party Notes Payable

65,800

Related Party Convertible Notes Payable:

Jamie Hadfield

04/07/2022

04/07/2023

12 %

10,000

Willy A. Saint-Hilaire

04/06/2021

04/06/2022

12 %

-

Willy A. Saint-Hilaire

04/16/2021

04/16/2022

12 %

-

Willy A. Saint-Hilaire

04/21/2021

04/21/2022

12 %

-

Willy A. Saint-Hilaire

04/30/2021

04/30/2022

15.15 %

-

Willy A. Saint-Hilaire

05/04/2021

05/04/2022

15.15 %

-

Mike Zaman Irrevocable Trust

12/25/2022

12/25/2023

12 %

2,000

Mike Zaman

01/11/2023

01/11/2024

12 %

1,100

Mike Zaman Irrevocable Trust

01/23/2023

01/23/2024

12 %

2,500

Mike Zaman Irrevocable Trust

01/31/2023

01/31/2024

12 %

1,000

Mike Zaman Irrevocable Trust

02/14/2023

02/14/2024

12 %

10,000

Convertible Notes Payable, net of Discount - Related Party

26,600

~~Conversion~~The conversion rate is one share of common stock at $0.50 per share, per each principal dollar amount owed.
14
Table of Contents

Willy A. Saint-Hilaire

On April 6, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $2,500 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $900. On January 18, 2023 a payment of $400 was made, and on February 21, 2023 a payment in the amount of $500 was made. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $0.00.

On April 16, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $1,518 at an interest rate of 12%. As of December 31, 2022, the principal balance on this note was $1,518. On March 21, 2023 a payment in the amount of ~~$418~~$418.20 was made. On April 20, 2023 a payment in the amount of $400 was made in addition to a payment on May 21, 2023 of $500, and $200 paid on June 20, 2023. As of ~~March 31,~~September 30, 2023, the principal balance on this note was ~~$1,100.~~$0.00.

On April 21, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $1,109.83 at an interest rate of 12%. On June 20, 2023, a payment of $309.83 was made. On July 19, 2023 a payment in the amount of $800 was made. As of ~~March 31,~~September 30, 2023, the principal balance on this note was ~~$1,110.~~ $0.00.

On April 30, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $2,750.00 at an interest rate of 15.15%. On July 20, 2023 a payment in the amount of $2,750 was made. As of ~~March 31,~~September 30, 2023, the principal balance on this note was ~~$2,750.~~$0.00.

On May 4, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $750 at an interest rate of 15.15%. On July 20, 2023 a payment in the amount of $750 was made. As of ~~March 31,~~September 30, 2023, the principal balance on this note was ~~$750.~~$0.00.

On February 28, 2022, the Company entered into a promissory note with Willy A. Saint-Hilaire in the amount of $4,500 at an interest rate of 0 %. On September 15, 2022, the interest for the note was amended to 12%. On July 20, 2023 a payment in the amount of $4,500 was made. As of ~~March 31,~~September 30, 2023, the principal balance on this note was ~~$4,500.~~
~~Mohammad Sadrolashrafi~~
On November 17, 2022, the Company entered into a promissory note with Mohammad Sadrolashrafi in the amount of $5,000 at an interest rate of 12%. As of March 31, 2023, the principal balance on this note was $5,000.$0.00.

Jamie Hadfield

On April 7, 2022, the Company entered into a convertible promissory note with Jamie Hadfield in the amount of $10,000 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $10,000.
Mohammad Sadrolashrafi
On November 17, 2022, the Company entered into a promissory note with Mohammad Sadrolashrafi in the amount of $5,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $5,000.
Mike Zaman
On January 11, 2023, the Company entered into a convertible promissory note with Mike Zaman in the amount of $1,100 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $1,100.
On July18, 2023, the Company entered into a promissory note with Mike Zaman in the amount of $15,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $15,000.

Mike Zaman Irrevocable Trust

On December 25, 2022, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $2,000 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $2,000.
15
Table of Contents

On January 23, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $2,500.

On January 31, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $1,000 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $1,000.

On February 14, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $10,000 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $10,000.
14
~~Table of Contents~~

On March 23, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $18,000 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $18,000.

~~Mike Zaman~~
On ~~January 11,~~May 08, 2023, the Company entered into a ~~convertible~~ promissory note with Mike Zaman Irrevocable Trust in the amount of ~~$1,100~~$5,800 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was ~~$1,100.~~$5,800.
On June 02, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $2,500.
On June 20, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $3,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $3,000.
On August 04, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $12,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $12,000.
On September 20, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $2,500.
On September 22, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $1,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $1,000.
On September 23, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $1,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $1,000.

NOTE 7 – COMMITMENTS AND CONTINGENCIES

The Company is obligated for payments under related party notes payable and automobile lease payments.

The Company agreed to pay the automobile ~~lease~~leases of $395 and $278 a month, on a month-to-month basis and can be cancelled at any time but expects to continue lease payments for the full 2023 year.

On February 13, 2020, Munti Consulting LLC was issued a warrant at a price of $0.000025 per share ($25 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share. Exercisable after the first (1st) anniversary of the date of filing of the first Form S1 filed with the U.S. Securities and Exchange Commission after the issuance of this Warrant.
~~On March 13, 2020, BBCKQK Trust Kevin Wiltz was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.~~
On March 13, 2020, Willy Ariel Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.
~~On April~~The Company entered into an agreement, effective January 1, 2020, ~~Addicted 2 Marketing LLC was issued a warrant at a price of $0.000025~~to pay Arnulfo Saucedo-Bardan $5,000 per ~~share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On April 28, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 4, 2020, Arnulfo Saucedo- Bardan was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 7, 2020, Arnold F. Sock was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 7, 2020 Rudy Chacon was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 7, 2020, Sadegh Salmassi was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 8, 2020, Glen J. Rineer was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 8, 2020 Barry Cohen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 8, 2020, Malcolm Ziman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 8, 2020 Brett Matus was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
15
~~Table of Contents~~
~~On May 8, 2020 Brian D Colvin was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 8, 2020 Jacob Colvin was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 11, 2020, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 13, 2020 Steven A. Fishman was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 13, 2020 Wendell~~month for website development, design maintenance and ~~Sharon Piper was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 19, 2020 Joan R. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 19, 2020 Marvin A Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 20, 2020 Willy Rafael Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 27, 2020 James Bobrik was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 28, 2020 Richard R Shehane was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On May 29, 2020 Ybelka-Saint Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On June 3, 2020, Jeffery Connell was issued a warrant at a price of $0.000025 per share ($2.50 total) to purchase 100,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On June 8, 2020 Hassan M. Oji was issued a warrant at a price of $0.000025 per share ($7.50 total) to purchase 300,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On June 9, 2020, Kim Smith was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On June 12, 2020 Violet Gewerter was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On June 16, 2020, Roy S Worbets was issued a warrant at a price of $0.000025 per share ($5.00) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On June 19, 2020, Elvis E. Saint-Hilaire was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On June 30, 2020, Chris Knudsen was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On July 1, 2020, Theresa Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On July 1, 2020, Donald Kitt was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
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~~Table of Contents~~
~~On July 10, 2020, Shahram Khial was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On August 13, 2020, Monireh Sepahpour was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On August 18, 2020, Monica Shayestehpour was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.~~
other IT services and solutions. On September ~~2, 2020, Hongsing Phou was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at~~30, 2023 the ~~exercise price of $0.60 per share.~~Company owed Mr. Saucedo-Bardan $139,790.
~~On September 8, 2020, Pejham Khial was issued a warrant at a price of $0.000025 per share $12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On September 15, 2020, Salvatore Marasa was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On September 21, 2020, Richard W LeAndro was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On September 21, 2020, Richard W LeAndro Jr was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On September 25, 2020, Seyed M Javad was issued a warrant at a price of $0.000025 per share ($5.00 total) to purchase 200,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On October 6, 2020, Nasrin Montazer was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.~~
~~On October 13, 2020, Jagjit Dhaliwal was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.~~
On January 3, 2021, Marjan Tina Suwarno & Reno Suwarno were issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.
~~Summary of Warrants Issued:~~
Issue Date

Issued To

Shares

Exercise price
per share

Warrant price
per share

Total Paid
for Warrants

02/13/2020

Munti Consulting LLC

1,000,000

$ 0.60

$ 0.000025

$ 25.00

03/13/2020

BBCKQK Trust Kevin Wiltz

1,000,000

$ 0.60

$ 0.000025

$ 25.00

04/01/2020

Addicted 2 Marketing LLC

100,000

$ 0.60

$ 0.000025

$ 2.50

05/07/2020

Arnold F Sock

500,000

$ 0.60

$ 0.000025

$ 12.50

05/07/2020

Rudy Chacon

200,000

$ 0.60

$ 0.000025

$ 5.00

05/07/2020

Sadegh Salmassi

200,000

$ 0.60

$ 0.000025

$ 5.00

05/08/2020

Glen J Rineer

200,000

$ 0.60

$ 0.000025

$ 5.00

05/08/2020

Barry Cohen

200,000

$ 0.60

$ 0.000025

$ 5.00

05/13/2020

Steven A Fishman

200,000

$ 0.60

$ 0.000025

$ 5.00

05/13/2020

Wendell & Sharon Piper

200,000

$ 0.60

$ 0.000025

$ 5.00

05/27/2020

James Bobrik

200,000

$ 0.60

$ 0.000025

$ 5.00

05/28/2020

Richard R Shehane

200,000

$ 0.60

$ 0.000025

$ 5.00

06/03/2020

Jeffery Connell

100,000

$ 0.60

$ 0.000025

$ 2.50

06/08/2020

Hassan M Oji

300,000

$ 0.60

$ 0.000025

$ 7.50

06/09/2020

Kim Smith

500,000

$ 0.60

$ 0.000025

$ 12.50

06/12/2020

Violet Gewerter

500,000

$ 0.60

$ 0.000025

$ 12.50

06/16/2020

Roy S Worbets

200,000

$ 0.60

$ 0.000025

$ 5.00

06/30/2020

Chris Knudsen

200,000

$ 0.60

$ 0.000025

$ 5.00

07/01/2020

Donald Kitt

200,000

$ 0.60

$ 0.000025

$ 5.00

08/13/2020

Monireh Sepahpour

500,000

$ 0.60

$ 0.000025

$ 12.50

08/18/2020

Monica Shayestehpour

1,000,000

$ 0.60

$ 0.000025

$ 25.00

09/02/2020

Hongsing Phou

200,000

$ 0.60

$ 0.000025

$ 5.00

09/08/2020

Pejham Khial

500,000

$ 0.60

$ 0.000025

$ 12.50

09/15/2020

Salvatore Marasa

200,000

$ 0.60

$ 0.000025

$ 5.00

09/21/2020

Richard W LeAndro

500,000

$ 0.60

$ 0.000025

$ 12.50

09/21/2020

Richard W LeAndro Jr

500,000

$ 0.60

$ 0.000025

$ 12.50

09/25/2020

Seyed M Javad

200,000

$ 0.60

$ 0.000025

$ 5.00

10/06/2020

Nasrin Montazer

500,000

$ 0.60

$ 0.000025

$ 12.50

10/13/2020

Jagjit Dhaliwal

1,000,000

$ 0.60

$ 0.000025

$ 25.00

01/03/2021

Marjan Tina and Reno Suwarno

1,000,000

$ 0.60

$ 0.000025

$ 25.00

Total:

12,300,000

$ 307.50

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Related Party:

03/13/2020

Willy A Saint-Hilaire

1,000,000

$ 0.60

$ 0.000025

$ 25.00

04/28/2020

Shahram Khial

500,000

$ 0.60

$ 0.000025

$ 12.50

05/01/2020

Mike Zaman

1,000,000

$ 0.60

$ 0.000025

$ 25.00

05/01/2020

Montse Zaman

1,000,000

$ 0.60

$ 0.000025

$ 25.00

05/08/2020

Malcolm Ziman

200,000

$ 0.60

$ 0.000025

$ 5.00

05/08/2020

Brett Matus

200,000

$ 0.60

$ 0.000025

$ 5.00

05/11/2020

Mohammad Sadrolashrafi

500,000

$ 0.60

$ 0.000025

$ 12.50

05/04/2020

Arnulfo Saucedo-Bardan

1,000,000

$ 0.60

$ 0.000025

$ 25.00

05/08/2020

Brian D. Colvin

1,000,000

$ 0.60

$ 0.000025

$ 25.00

05/08/2020

Jacob Colvin

200,000

$ 0.60

$ 0.000025

$ 5.00

05/19/2020

Joan R Saint-Hilaire

100,000

$ 0.60

$ 0.000025

$ 2.50

05/19/2020

Marvin A Saint-Hilaire

100,000

$ 0.60

$ 0.000025

$ 2.50

05/20/2020

Willy Rafael Saint-Hilaire

200,000

$ 0.60

$ 0.000025

$ 5.00

05/29/2020

Ybelka Saint-Hilaire

200,000

$ 0.60

$ 0.000025

$ 5.00

06/09/2020

Kenneth Cornell Bosket

1,000,000

$ 0.60

$ 0.000025

$ 25.00

06/19/2020

Elvis E Saint-Hilaire

200,000

$ 0.60

$ 0.000025

$ 5.00

07/01/2020

Theresa Kitt

200,000

$ 0.60

$ 0.000025

$ 5.00

07/10/2020

Shahram Khial

500,000

$ 0.60

$ 0.000025

$ 12.50

9,100,000

227.50

NOTE 8 – RELATED PARTY TRANSACTIONS

The Company is provided office space by one of the officers and directors at no charge. The Company believes that this office space is sufficient for its needs for the foreseeable future.

On January 11, 2023, the Company entered into a convertible promissory note with Mike Zaman in the amount of $1,100 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $1,100.
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On January 23, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $2,500.

On January 31, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $1,000 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $1,000.
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On February 14, 2023, the Company entered into a convertible promissory note with Mike Zaman Irrevocable Trust in the amount of $10,000 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $10,000.

On March 23, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $18,000 at an interest rate of 12%. As of ~~March 31,~~September 30, 2023, the principal balance on this note was $18,000.
On May 08, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $5,800 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $5,800.
On June 02, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $2,500.
On June 20, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $3,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $3,000.
On July 18, 2023, the Company entered into a promissory note with Mike Zaman in the amount of $15,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $15,000.
On August 04, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $12,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $12,000.
On September 20, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $2,500.
On September 22, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $1,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $1,000.
On September 23, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $1,000 at an interest rate of 12%. As of September 30, 2023, the principal balance on this note was $1,000.

The Company periodically advanced operating funds from related parties with convertible notes payable. ~~During the three months ended March 31,~~As of September 30, 2023, total convertible notes and non-convertible notes from related parties were ~~$14,600~~$65,800 and ~~$18,000~~$26,600 respectively. The Company periodically advanced funds to cover account payables by direct payment of the account payables from related parties.

NOTE 9 – ~~STOCK HOLDERS’~~STOCKHOLDERS’ DEFICIT

Common Stock

During the ~~three~~nine months ending ~~March 31,~~September 30, 2023, the Company issued the following:

·
The Company did not issue any shares of common stock.
On February 13, 2020, the Company granted non-qualified stock warrants purchasing up to 1,000,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s next S registration filing, the date of filing of such S registration has not yet been determined.
On March 13, 2020, the Company granted non-qualified stock warrants purchasing up to 2,000,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s S1 registration filing.

Equity Incentive Plan

The Company’s 2006 Equity Incentive Plan, as amended and restated (the “Equity Incentive Plan”), provides for grants of stock options, as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 3.0 million shares were available for issuance as of ~~March 31, 2023.~~September 30, 2023
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Preferred Stock

The Company has designated 1,000 shares of its preferred stock as Series A Preferred Stock. Each share of Series A Preferred shall have no dividend, voting or other rights except for the right to elect Class I Directors. As of ~~March 31,~~September 30, 2023, the Company has 1,000 shares of Series A Preferred Stock outstanding.

Warrants
On July 12, 2023, the Company granted non-qualified stock warrants purchasing up to 1,000,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s S1 registration filing of which date is yet to be determined.
On August 01, 2023, the Company granted non-qualified stock warrants purchasing up to 1,000,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s S1 registration filing of which date is yet to be determined.
On August 07, 2023, the Company granted non-qualified stock warrants purchasing up to 500,000 shares of common stock at an exercise price of $0.60 per share. The option to purchase can be exercised at or after the date of the Company’s S1 registration filing of which date is yet to be determined.
The following is a summary of the Company’s warrant activity during the nine-month periods ended September 30, 2023 and 2022 respectively:

Number of

Exercise

Warrants

Price

Balance, January 1, 2023

21,400,000

$ 0.60

Issued

2,500,000

0.60

Exercised

-

-

Forfeited

-

-

Balance, September 30, 2023

23,900,000

$ 0.60

Number of

Exercise

Warrants

Price

21,400,000

$ 0.60

Issued

-

-

Exercised

-

-

Forfeited

-

-

Balance, September 30, 2022

21,400,000

$ 0.60

NOTE 10 -– INCOME TAXES

The Company follows ASC 740, Accounting for Income Taxes. During 2009, there was a change in control of the Company. Under section 382 of the Internal Revenue Code such a change in control negates much of the tax loss carry forward and deferred income tax. Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carry forwards. For federal income tax purposes, the Company uses the accrual basis of accounting, the same that is used for financial reporting purposes.

~~The Company did not have taxable income during 2022.~~

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Table of Contents

The ~~Company's~~Company did not have taxable income during 2022.
The Company’s deferred tax assets consisted of the following as of ~~March 31,~~September 30, 2023 and December 31, 2022:

Sept. 30,

Dec. 31,

March 31,
2023

December 31,
2022

2023

2022

Net operating loss

$ 913,782

$ 908,653

$ 922,982

$ 908,653

Valuation allowance

(913,782 )

(908,653 )

(922,982 )

(908,653 )
Net deferred tax asset

$ -

$ -

$ -

$ -

As of ~~March 31,~~September 30, 2023, and December 31, 2022, the ~~Company's~~Company’s accumulated net operating loss carry forward was approximately ~~$4,351,345~~$4,394,643 and ~~$4,322,575~~$4,326,920 respectively and will begin to expire in the year 2032. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%.

NOTE 11 – SUBSEQUENT EVENTS

On ~~May 08,~~October 20, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of ~~$5,800~~$3,000 at an interest rate of 12%.

~~Management has analyzed its operations for subsequent events~~On October 27, 2023, Jamie Hadfield was issued a warrant at a price of $0.000025 per share ($25.00 total) to ~~May 9,~~purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.
On November 06, 2023, the ~~date these Financial Statements were issued.~~ Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $10,000 at an interest rate of 12%.

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ITEM 2: MANAGEMENT’S DISCUSSION AND ANALYSIS

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, 2022, 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~~forward-looking statements. For additional information, see “Disclosure Regarding Forward Looking Statements” in Part I of this Quarterly Report on Form 10-Q.

OVERVIEW

Crown Equity Holdings Inc. (“Crown Equity”) was incorporated in August 1995 in Nevada. The Company is offering its services to companies seeking to become public entities in the United States. It has launched a website, www.crownequityholdings.com, which offers its services in a wide range of fields. The Company provides various consulting services to companies and individuals dealing with corporate structure and operations globally. The Company also provides public relations and news dissemination for publicly and privately held companies.

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.

In March, 2011, the Company formed a wholly owned subsidiary CRWE Real Estate, Inc. as a subsidiary to engage in potential real estate holdings. The entity had minimal activity during the quarter.

The Company has focused its primary vision to using its network of websites to provide advertising and marketing services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information. The Company offers Internet media-driven advertising services, which cover and connect a wide range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. As part of its operations, the Company has utilized the services of software and hardware technicians in developing its websites and adding additional websites. This allows the Company to disseminate news and press releases for its customers as well as general news and financial information on a much bigger scale than it did previously. The Company markets its services to companies seeking market awareness of them and the services or goods that they offer. The Company then publishes information concerning these companies on its many websites.

Crown Equity’s office is located at 11226 Pentland Downs Street, Las Vegas, NV 89141.

~~During the period ending March 31,~~As of September 30, 2023, ~~the Company~~Crown Equity has 3 employees and utilized the services of one independent ~~contractors~~contractor and ~~its~~the following four officers, Mike Zaman, Kenneth Bosket, and Montse ~~Zaman, and Vinoth Sambandam.~~Zaman.
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Table of Contents

RESULTS OF OPERATIONS

Three months ended ~~March 31,~~September 30, 2023 Compared to the Three months ended ~~March 31,~~September 30, 2022

For the three months ended ~~March 31,~~September 30, 2023, revenues were ~~$0.00,~~$0 and ~~$144~~$126 for the same period ~~ended~~ in 2022.

Revenues for the three months ended ~~March 31,~~September 30, 2023 were lower, primarily due to the advertising revenue not earned through a related party during the same period in 2022, which is due to there being no revenue earned through any of the services offered by the Company, such as advertising, click based and impressions ads on the Company’s web sites, as well as the publishing, and distribution of press releases from businesses, in addition to the use of the company’s server services. Since the discovery of some software server functioning errors, the Company is presently performing assessments and corrections with its findings, being that it is the primary source for ~~the period.~~its services offered.

Operating expenses were ~~$22,300~~$26,438 for the three months ended ~~March 31,~~September 30, 2023 and ~~$129,744~~$123,229 for the same period in 2022, which was primarily caused by the Company having a much lower general and administrative expenses.
Other income (expenses) for the three-month period ended September 30, 2023 were $0 and $0 for the same quarter in 2022.
The three-month period ended September 30, 2023 was $0 in Gain (loss) on Stocks Held or Sold.
Interest expense for the three months ended September 30, 2023 and 2022 was $3,507 and $1.922, respectively.
Nine months ended September 30, 2023 Compared to the Nine months ended September 30, 2022
For the nine months ended September 30, 2023, revenues were $0 and $2,833 for the same period in 2022. Revenues for the nine months ended September 30, 2023 was significantly lower, which was cause to there being no revenue earned through any of the services offered by the Company, such as advertising, click based and impressions ads on its web sites, as well as the publishing, and distribution of press releases, or the use of the company’s server services. Since the discovery of some software server functioning errors, the Company has focused its attention on performing assessments and correcting its findings, being that its web the primary source for its services.
Operating expenses were $62,744 for the nine months ended September 30, 2023 and $377,736 for the same period in 2021. The decrease in operating expenses was primarily due to athe decrease ~~of $90,500~~ in ~~quarterly officer compensation.~~administrative services.

Other income expenses for the ~~three-month~~nine-month period ended ~~March 31,~~September 30, 2023 were ~~$1,125~~$4,979 and ~~$175,938~~$260,544 for the same ~~quarter~~period in 2022. The ~~decrease~~increase in other expenses was primarily due to nothe recording of loss on stock ~~held for $171,851.~~held.

Interest ~~expenses~~expense for ~~the three~~nine months ended ~~March 31,~~September 30, 2023 and 2022 ~~were $1,125~~was $4,979 and ~~$565,~~$3,360, respectively.

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LIQUIDITY AND CAPITAL RESOURCES

As of ~~March 31,~~September 30, 2023, Crown Equity had current assets of ~~$7,333~~$2,311 and current liabilities of ~~$1,411,513~~$1,450,334 resulting in a working capital deficit of ~~$1,404,180.~~$1,447,991. Net cash used by operating activities for the ~~three~~nine months ended ~~March 31,~~September 30, 2023 was ~~$26,097~~$62,186 compared to net cash used of ~~$23,891~~$72,439 for the same period in 2022.

Net cash provided by investing activities was ~~$0.00~~$0 and ~~$17,000~~$67,000 for the ~~three~~nine months ended ~~March 31,~~September 30, 2023 and ~~March 31,~~ 2022, respectively. ~~The Company withdrew $17,000 cash from investment.~~

Net cash provided by financing activities during the ~~three~~nine months ended ~~March 31,~~September 30, 2023 was ~~$30,500~~$61,567 compared to net cash provided of ~~$6,074~~$7,923 for the same period in 2022. For the ~~three~~nine months ended ~~March 31,~~September 30, 2023, we borrowed ~~$32,600~~$70,900 from related parties. We did not sell any shares of common stock during the nine months ended September 30, 2023.

Our existing capital may not be sufficient to meet Crown Equity’s cash needs, including the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended. This condition raises substantial doubt as to Crown Equity’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if Crown Equity is unable to continue as a going concern.

ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company” as defined by Item 12b-2 of the securities exchange act of 1934 (the “exchange act”) ~~and~~ are not required to provide information required under this ~~Item.~~item.

ITEM 4: CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures

Based on their evaluation of our disclosure controls and procedures(as defined in Rule 13a-15e under the Securities Exchange Act of 1934 the “Exchange Act”), our principal executive officer and principal financial officer have concluded that as of the end of the period covered by this quarterly report on Form 10-Q such disclosure controls and procedures were not effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms because of the identification of material weaknesses in our internal control over financial reporting which we view as an integral part of our disclosure controls and procedures. The material weaknesses relate to the lack of segregation of duties in financial reporting, as our financial reporting and all accounting functions are performed by an external consultant with no oversight by a professional with accounting expertise. Our CEO and CFO also do not possess accounting expertise and our company does not have an audit committee. These material weaknesses are due to the company’s lack of working capital to hire additional staff. To remedy this material weakness, we intend to engage another accountant to assist with financial reporting as soon as our finances will allow.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our first quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.


22
Table of Contents

PART II – OTHER INFORMATION

ITEM 1: LEGAL PROCEEDINGS.

None

ITEM 1A: 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, 2022.

ITEM 2: SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

During the ~~three~~nine months ended ~~March 31,~~September 30, 2023, Crown Equity did not issue any shares ~~of common stock~~ for ~~operating capital.~~cash.

ITEM 3: DEFAULTS UPON SENIOR SECURITIES.

None

ITEM 4: MINE SAFETY INFORMATION.

None

ITEM 5: OTHER INFORMATION.

None

23
Table of Contents

ITEM 6: EXHIBITS

EXHIBIT 31.1

Certification of Principal Executive Officer

EXHIBIT 31.2

Certification of Principal Financial Officer

EXHIBIT 32.1

Certification of Compliance to Sarbanes-Oxley

EXHIBIT 32.2

Certification of Compliance to Sarbanes-Oxley

101.INS **

Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).

101.SCH **

Inline XBRL Taxonomy Extension Schema ~~Document.~~Document

101.CAL **

Inline XBRL Taxonomy Extension Calculation Linkbase ~~Document.~~Document

101.DEF **

Inline XBRL Taxonomy Extension Definition Linkbase ~~Document.~~Document

101.LAB **

Inline XBRL Taxonomy Extension ~~Labels~~Label Linkbase ~~Document.~~Document

101.PRE **

Inline XBRL Taxonomy Extension Presentation Linkbase ~~Document.~~Document

104**104. **

Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
~~________________~~____________
**
XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

24
Table of Contents

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

CROWN EQUITY HOLDINGS INC.

Date: ~~May 15, 2023~~November 14, 2022
By:
/s/ Mike Zaman

Mike Zaman, CEO
~~Date: May 15, 2023~~
By:
/s/ Kenneth Bosket

Kenneth Bosket, CFO

25

	For the Three Months
	March 31,
	2023			2022

Revenues
Revenues	$	-		$	144
Total Revenues		-			144

Operating expenses
General and administrative expense		22,304			127,916
Depreciation		996			1,828
Total Operating Expenses		22,300			129,744

(Loss) from operations		(22,300	)		(129,600	)

Other income (expense)
Interest expense		(1,125	)		(565	)
Gain (loss) on stock held		-			(171,851	)
Investment expense		-			(3,522	)
Total Other Expense		(1,125	)		(175,938	)

Net (loss)	$	(24,425	)	$	(305,538	)

Basic and Diluted income (loss) per share
Basic and diluted income loss per share	$	(0.00	)	$	(0.02	)

Weighted average number of shares outstanding basic and diluted		13,385,047			13,323,531

	Preferred Stock				Common Stock				Common Stock		Additional Paid-In		Accumulated			Total Stockholders'
	Shares		Amount		Shares		Amount		Payable		Capital		Deficit			(Deficit)
Balances at December 31, 2022		1,000	$	1		13,385,047	$	13,384		-	$	12,763,126	$	(14,156,842	)	$	(1,380,331	)
Net loss		-		-										(24,425	)		(24,425	)
Balances at March 31, 2023		1,000	$	1		13,385,047	$	13,338		-	$	12,763,126	$	(14,181,267	)	$	(1,404,756	) )

	For the Three Months Ended						For the Nine Months Ended
	March 31,						September 30,
	2023			2022			2023			2022

Cash flows from operating activities
Net (loss)	$	(24,425	)	$	(305,538	)	$	(67,723	)	$	(635,447	)
Forgiveness of EIDL Advance		-			-
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		996			1,828			2,475			5,040
Losson stocks held		-			171,851
Loss (gain) on brokerage account								-			252,568
Loss on investment		-			3,522			-			4,616
Changes in operating assets and liabilities
Accounts payable and accrued expenses – related party		(2,350	)		102,450			(5,260	)		232,200
Accounts payable and accrued expenses		(318	)		1,996			8,322			68,584
Net cash (used in) operating activities		(26,097	)		(23,891	)		(62,186	)		(72,439	)

Cash flows from investing activities
Cash withdrawn from brokerage account		-			17,000			-			67,000
Net cash provided by investing activities		-			17,000
Net cash (used in) investing activities								-			67,000

Cash flows from financing activities
Payments on convertible notes payable, related party		(1,318	)		(3,300	)		(7,028	)		(3,512	)
Borrowings from convertible notes payable, related party		14,600			-			14,600			-
Borrowings from notes payable, related party		18,000			4,500			56,300			19,500
Proceeds from Sale of Stock		-			10,000			-			14,000
Principal payments on debt		(782	)		(5,126	)		(2,368	)		(22,065	)
Warrant Subscriptions								63			-
Net cash provided by financing activities		30,500			6,074			61,567			7,923

Net increase (decrease) in cash		4,403			(817	)		(619	)		2,484

Cash, beginning of period		2,930			4,320			2,930			4,320

Cash, end of period	$	7,333		$	3,503		$	2,311		$	6,804

SUPPLEMENTAL DISCLOSURE:
Interest paid	$	-		$	-		$	4,979		$	3,360
Income taxes paid		-			-			-			-

NONCASH INVESTING AND FINANCING ACTIVITIES :
RP-AP Converted into common stock							$	-			-
Shares issued for stock payable							$	-		$	-
Repayments of margin loan from brokerage account							$	-		$	263,151

		The core principles of revenue recognition under ASC 606 include the following five criteria:

	1.	Identify the contract with the customer

		~~Contracts~~A contract with our customers may be oral, written, or implied. A written and signed invoice stating the terms and conditions is the Company’ preferred method. The terms of a written contract may be contained within the body of an invoice or in an email. No work is commenced without an understanding between the Company and our client that a valid contract exists.


	2.	Identify the performance obligations in the contract

		Our sales and account management teams define the scope of services to be offered, to ensure all parties agree, and obligations are being delivered to the customer as promised. The performance obligation may not be fully identified in a mutually signed contract, but may be outlined in email correspondence, face-to-face meetings, additional proposals or scopes of work, or phone conversations.

	3.	Determine the transaction price

		Pricing is discussed and identified by the operations team prior to submitting an invoice to the customer.


	4.	Allocate the transaction price to the performance obligations in the contract

		If a contract involves multiple obligations, the transaction pricing is allocated accordingly, during the performance obligation phase.


	5.	Recognize revenue when (or as) we satisfy a performance obligation

		The Company uses digital marketing that includes digital advertising, SEO management and digital ad support. We provide whether presenting a vibrant but simple message about our clients that will enlighten their audience or deploying an influential digital marketing campaign on our online site or across one or multiple social media platforms. Revenue is recognized when ads are run on ~~the~~ Company’s advertising ~~platform.~~platform

													Nine Months Ended Sept. 30, 2023						Nine Months Ended Sept. 30, 2022
	Three Months Ended March 31, 2023						Three Months Ended March 31, 2022						Third Party		Related Party		Total		Third Party		Related Party		Total
	Third Party		Related Party		Total		Third Party		Related Party		Total
Advertising	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Click Based and Impressions Ads		-		-		-		144		-		144		-		-		-		373		-		373
Domain Registrations		-		-		-		-		-		-
Accounting														-		-		-		-		2,000		2,000
Publishing and Distribution		-		-		-		-		-		-		-		-		-		310		150		460
Server		-		-		-		-		-		-
	$	-	$	-	$	-	$	144	$	-	$	144	$	-	$	-	$	-	$	683	$	2,150	$	2,833

	~~Mar 31,~~Sept. 30,		~~Mar 31~~Sept. 30,
	2023		2022

Deferred Revenue	$	-	$	-

	Three Months Mar 31, 2023			Three Months Mar 31, 2022			Nine Months Sept. 30, 2023			Nine Months Sept. 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(24,425	)	$	(305,538	)	$	(67,723	)	$	(635,447	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(24,425	)	$	(305,538	)	$	(67,723	)	$	(635,447	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,323,531			13,385,047			13,338,056

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.02	)	$	(0.01	)	$	(0.05	)
Diluted	$	(0.00	)	$	(0.02	)	$	(0.01	)	$	(0.05	)

	Three Months Sept. 30, 2023			Three Months Sept. 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(29,945	)	$	(125,025	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(29,945	)	$	(125,025	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,346,642

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.01	)
Diluted	$	(0.00	)	$	(0.01	)

							Sept. 30, 2023			Dec. 31, 2022
	Mar 31, 2023			Dec 31, 2022
Net operating loss	$	913,782		$	908,653		$	922,982		$	908,653
Valuation allowance		(913,782	)		(908,653	)		(922,982	)		(908,653	)
Net deferred tax asset		-			-			-			-

~~A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.60% amortized over 36 months with payments of $219.~~ ~~A $1,188 note from a third party for the purchase of fixed assets, bearing interest at 16.60%, amortized over 36 months with payments of $42.~~	·	A $9,985 note from a third party for the lease of fixed assets, bearing interest at 22%, amortized over 24 months with a payment of $498 in addition to a $22 management fee for a total monthly payment of $520. The lease has a bargain purchase option of $1 at the end of the lease term.

	·	A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.6% amortized over 36 months with payments of $219.

	·	A $1,188 note from a third party for the purchase of fixed assets, bearing interest at 16.60% amortized over 36 months with payments of $42.

Assets	March 31, 2023			Sept. 30, 2023
Leased equipment under finance lease,	$	73,883		$	73,883
less accumulated amortization		(72,372	)		(73,402	)
Net	$	1,511		$	481

Liabilities	March 31, 2023		Sept. 30, 2023
Obligations under finance lease (current)	$	2,087	$	502
Obligations under finance lease (noncurrent)		-		-
Total	$	2,087	$	502

Years ended ~~March~~December 31	Finance Leases
2023		~~2,277~~522
Thereafter		-
Total		~~2,277~~522
Less: Imputed Interest		(~~190~~20	)
Total Liability		~~2,087~~502

	Original	Due	Interest			March 31,
Name	Note Date	Date	Rate			2023

Related Party Notes Payable:
Willy A. Saint-Hilaire	02/28/2022	02/28/2023		12	%		4,500
Mohammad Sadrolashrafi	11/17/2022	11/17/2023		12	%		5,000
Mike Zaman Irrevocable Trust	03/23/2023	03/23/2024		12	%		18,000
Total Related Party Notes Payable							27,500
Related Party Convertible Notes Payable:
Willy A. Saint-Hilaire	04/06/2021	04/06/2022		12	%		-
Jamie Hadfield	04/07/2022	04/07/2023		12	%		10,000
Willy A. Saint-Hilaire	04/16/2021	04/16/2022		12	%		1,100
Willy A. Saint-Hilaire	04/21/2021	04/21/2022		12	%		1,110
Willy A. Saint-Hilaire	04/30/2021	04/30/2022		15.15	%		2,750
Willy A. Saint-Hilaire	05/04/2021	05/04/2022		15.15	%		750
Mike Zaman Irrevocable Trust	12/25/2022	12/25/2023		12	%		2,000
Mike Zaman	01/11/2023	01/11/2024		12	%		1,100
Mike Zaman Irrevocable Trust	01/23/2023	01/23/2024		12	%		2,500
Mike Zaman Irrevocable Trust	01/31/2023	01/31/2024		12	%		1,000
Mike Zaman Irrevocable Trust	02/14/2023	02/14/2024		12	%		10,000
Total Convertible Related Party Notes Payable							32,310
Less: Debt Discount							0
Convertible Notes Payable, net of Discount - Related Party							32,310

Name	Original Note Date	Due Date	Interest Rate			Sept 30, 2023

Related Party Notes Payable:
Willy A. Saint-Hilaire	02/28/2022	11/17/2023		12	%		-
Mohammad Sadrolashrafi	11/17/2022	11/17/2023		12	%		5,000
Mike Zaman Irrevocable Trust	03/23/2023	03/23/2024		12	%		18,000
Mike Zaman Irrevocable Trust	05/08/2023	05/08/2024		12	%		5,800
Mike Zaman Irrevocable Trust	06/02/2023	06/02/2024		12	%		2,500
Mike Zaman Irrevocable Trust	06/20/2023	06/20/2024		12	%		3,000
Mike Zaman	07/18/2023	07/18/2024		12	%		15,000
Mike Zaman Irrevocable Trust	08/04/2023	08/04/2024		12	%		12,000
Mike Zaman Irrevocable Trust	09/20/2023	09/20/2024		12	%		2,500
Mike Zaman Irrevocable Trust	09/22/2023	09/22/2024		12	%		1,000
Mike Zaman Irrevocable Trust	09/23/2023	09/23/2024		12	%		1,000
Total Related Party Notes Payable							65,800

Related Party Convertible Notes Payable:
Jamie Hadfield	04/07/2022	04/07/2023		12	%		10,000
Willy A. Saint-Hilaire	04/06/2021	04/06/2022		12	%		-
Willy A. Saint-Hilaire	04/16/2021	04/16/2022		12	%		-
Willy A. Saint-Hilaire	04/21/2021	04/21/2022		12	%		-
Willy A. Saint-Hilaire	04/30/2021	04/30/2022		15.15	%		-
Willy A. Saint-Hilaire	05/04/2021	05/04/2022		15.15	%		-
Mike Zaman Irrevocable Trust	12/25/2022	12/25/2023		12	%		2,000
Mike Zaman	01/11/2023	01/11/2024		12	%		1,100
Mike Zaman Irrevocable Trust	01/23/2023	01/23/2024		12	%		2,500
Mike Zaman Irrevocable Trust	01/31/2023	01/31/2024		12	%		1,000
Mike Zaman Irrevocable Trust	02/14/2023	02/14/2024		12	%		10,000
Convertible Notes Payable, net of Discount - Related Party							26,600

Issue Date	Issued To	Shares		Exercise price per share		Warrant price per share		Total Paid for Warrants
02/13/2020	Munti Consulting LLC		1,000,000	$	0.60	$	0.000025	$	25.00
03/13/2020	BBCKQK Trust Kevin Wiltz		1,000,000	$	0.60	$	0.000025	$	25.00
04/01/2020	Addicted 2 Marketing LLC		100,000	$	0.60	$	0.000025	$	2.50
05/07/2020	Arnold F Sock		500,000	$	0.60	$	0.000025	$	12.50
05/07/2020	Rudy Chacon		200,000	$	0.60	$	0.000025	$	5.00
05/07/2020	Sadegh Salmassi		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Glen J Rineer		200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Barry Cohen		200,000	$	0.60	$	0.000025	$	5.00
05/13/2020	Steven A Fishman		200,000	$	0.60	$	0.000025	$	5.00
05/13/2020	Wendell & Sharon Piper		200,000	$	0.60	$	0.000025	$	5.00
05/27/2020	James Bobrik		200,000	$	0.60	$	0.000025	$	5.00
05/28/2020	Richard R Shehane		200,000	$	0.60	$	0.000025	$	5.00
06/03/2020	Jeffery Connell		100,000	$	0.60	$	0.000025	$	2.50
06/08/2020	Hassan M Oji		300,000	$	0.60	$	0.000025	$	7.50
06/09/2020	Kim Smith		500,000	$	0.60	$	0.000025	$	12.50
06/12/2020	Violet Gewerter		500,000	$	0.60	$	0.000025	$	12.50
06/16/2020	Roy S Worbets		200,000	$	0.60	$	0.000025	$	5.00
06/30/2020	Chris Knudsen		200,000	$	0.60	$	0.000025	$	5.00
07/01/2020	Donald Kitt		200,000	$	0.60	$	0.000025	$	5.00
08/13/2020	Monireh Sepahpour		500,000	$	0.60	$	0.000025	$	12.50
08/18/2020	Monica Shayestehpour		1,000,000	$	0.60	$	0.000025	$	25.00
09/02/2020	Hongsing Phou		200,000	$	0.60	$	0.000025	$	5.00
09/08/2020	Pejham Khial		500,000	$	0.60	$	0.000025	$	12.50
09/15/2020	Salvatore Marasa		200,000	$	0.60	$	0.000025	$	5.00
09/21/2020	Richard W LeAndro		500,000	$	0.60	$	0.000025	$	12.50
09/21/2020	Richard W LeAndro Jr		500,000	$	0.60	$	0.000025	$	12.50
09/25/2020	Seyed M Javad		200,000	$	0.60	$	0.000025	$	5.00
10/06/2020	Nasrin Montazer		500,000	$	0.60	$	0.000025	$	12.50
10/13/2020	Jagjit Dhaliwal		1,000,000	$	0.60	$	0.000025	$	25.00
01/03/2021	Marjan Tina and Reno Suwarno		1,000,000	$	0.60	$	0.000025	$	25.00
	Total:		12,300,000					$	307.50

Related Party:
03/13/2020	Willy A Saint-Hilaire	1,000,000	$	0.60	$	0.000025	$	25.00
04/28/2020	Shahram Khial	500,000	$	0.60	$	0.000025	$	12.50
05/01/2020	Mike Zaman	1,000,000	$	0.60	$	0.000025	$	25.00
05/01/2020	Montse Zaman	1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Malcolm Ziman	200,000	$	0.60	$	0.000025	$	5.00
05/08/2020	Brett Matus	200,000	$	0.60	$	0.000025	$	5.00
05/11/2020	Mohammad Sadrolashrafi	500,000	$	0.60	$	0.000025	$	12.50
05/04/2020	Arnulfo Saucedo-Bardan	1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Brian D. Colvin	1,000,000	$	0.60	$	0.000025	$	25.00
05/08/2020	Jacob Colvin	200,000	$	0.60	$	0.000025	$	5.00
05/19/2020	Joan R Saint-Hilaire	100,000	$	0.60	$	0.000025	$	2.50
05/19/2020	Marvin A Saint-Hilaire	100,000	$	0.60	$	0.000025	$	2.50
05/20/2020	Willy Rafael Saint-Hilaire	200,000	$	0.60	$	0.000025	$	5.00
05/29/2020	Ybelka Saint-Hilaire	200,000	$	0.60	$	0.000025	$	5.00
06/09/2020	Kenneth Cornell Bosket	1,000,000	$	0.60	$	0.000025	$	25.00
06/19/2020	Elvis E Saint-Hilaire	200,000	$	0.60	$	0.000025	$	5.00
07/01/2020	Theresa Kitt	200,000	$	0.60	$	0.000025	$	5.00
07/10/2020	Shahram Khial	500,000	$	0.60	$	0.000025	$	12.50
		9,100,000						227.50

	Number of		Exercise
	Warrants		Price
Balance, January 1, 2023		21,400,000	$	0.60
Issued		2,500,000		0.60
Exercised		-		-
Forfeited		-		-
Balance, September 30, 2023		23,900,000	$	0.60

	Number of		Exercise
	Warrants		Price
		21,400,000	$	0.60
Issued		-		-
Exercised		-		-
Forfeited		-		-

Balance, September 30, 2022		21,400,000	$	0.60

							Sept. 30,			Dec. 31,
	March 31, 2023			December 31, 2022			2023			2022
Net operating loss	$	913,782		$	908,653		$	922,982		$	908,653
Valuation allowance		(913,782	)		(908,653	)		(922,982	)		(908,653	)
Net deferred tax asset	$	-		$	-		$	-		$	-

EXHIBIT 31.1		Certification of Principal Executive Officer

EXHIBIT 31.2		Certification of Principal Financial Officer

EXHIBIT 32.1		Certification of Compliance to Sarbanes-Oxley

EXHIBIT 32.2		Certification of Compliance to Sarbanes-Oxley


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101.CAL **		Inline XBRL Taxonomy Extension Calculation Linkbase ~~Document.~~Document

101.DEF **		Inline XBRL Taxonomy Extension Definition Linkbase ~~Document.~~Document

101.LAB **		Inline XBRL Taxonomy Extension ~~Labels~~Label Linkbase ~~Document.~~Document

101.PRE **		Inline XBRL Taxonomy Extension Presentation Linkbase ~~Document.~~Document

104104.		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

	CROWN EQUITY HOLDINGS INC.

Date: ~~May 15, 2023~~November 14, 2022	By:	/s/ Mike Zaman
		Mike Zaman, CEO

~~Date: May 15, 2023~~	By:	/s/ Kenneth Bosket
		Kenneth Bosket, CFO