Form 10-Q - Quarterly report [Sections 13 or 15(d)]

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 June 30, 2024

☐	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 accelerated filer", "accelerated filer", "smaller reporting company", and "emerging growth company" in Rule 12b-2of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated 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 August 20, 2024, the number of shares outstanding of the registrant's class of common stock was 15,814,800.

TABLE OF CONTENTS

		Page
PART I: FINANCIAL INFORMATION

Item 1.	Financial Statements (Unaudited)
	Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023 (Audited)	4
	Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited)	5
	Condensed Consolidated Statements of Changes in Stockholders' Deficit for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited)	6
	Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 (Unaudited)	8
	Notes to Condensed Consolidated Financial Statements (Unaudited)	9

Item 2.	Management's Discussion and Analysis and Plan of Operation	20

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	21

Item 4T.	Controls and Procedures	21

PART II: OTHER INFORMATION

Item 1.	Legal Proceedings	22

Item 1A.	Risk Factors	22

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	22

Item 3.	Defaults upon Senior Securities	22

Item 4.	Mine Safety Information	22

Item 5.	Other Information	22

Item 6.	Exhibits	23

Signatures		24

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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

	·	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, 2023, 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

(Unaudited)

	June 30, 2024			December 31, 2023

Current assets
Cash	$	1,688		$	6,739
Marketable securities		675			-
Total Current Assets		2,363			6,739
Property and Equipment, net		-			-
Total Assets	$	2,363		$	6,739

Liabilities and Stockholders' Deficit
Current liabilities
Accounts payable and accrued expenses	$	167,427		$	163,766
Accounts payable and accrued expenses to related party		21,340			1,202,020
Notes payable to related parties		117,166			83,800
Convertible notes payable to related parties, net of debt discount		16,600			26,600
Deferred revenue		155			-
Total Current Liabilities		322,688			1,476,186

Total Liabilities		322,688			1,476,186

Stockholders' deficit
Preferred Stock, 20,001,000 shares authorized, authorized at $.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 June 30, 2024 and December 31, 2023		1			1
Common Stock, 450,000,000 authorized at $0.001 par value; and 15,814,800 and 13,396,226 shares issued and outstanding at June 30, 2024 and December 31, 2023		15,812			13,395
Additional paid-in-capital		18,290,183			13,458,331
Warrant Discount		(497,785	)		-
Accumulated deficit		(18,128,536	)		(14,941,174	)
Total stockholders' deficit		(320,325	)		(1,469,447	)
Total liabilities and stockholders' deficit	$	2,363		$	6,739

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)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023

Revenue	$	161		$	-		$	462		$	-
Revenue – related party		-			-			-			-
Total Revenue		161			-			462			-

Operating expenses
Depreciation and amortization		526,752			996			746,715			1,992
General and Administrative		20,881			12,010			53,933			34,314
Total Operating Expenses		547,633			13,006			800,648			36,306
Net Operating Income (Loss)		(547,472	)		(13,006	)		(800,186	)		(36,206	)

Other (expense)
Interest expense		(3,537	)		(347	)		(6,909	)		(1,472	)
Gain (Loss) on Related Party AP Conversion		-			-			(2,311,977	)		-
Gain (Loss) on AP Conversion		-			-			(34,300	)		-
Gain (Loss) on Marketable Securities		176			-			176			-
Other Income (Expense)		4			-			14			-
Loss on Debt Conversion		-			-			(34,180	)		-
Total other expense		(3,357	)		(347	)		(2,387,176	)		(1,472	)

Net (loss)	$	(550,829	)	$	(13,353	)	$	(3,187,362	)	$	(37,778	)

Net (loss) per common share – basic and diluted	$	(0.03	)	$	(0.00	)	$	(0.21	)	$	(0.00	)
Weighted average number of common shares outstanding - basic and diluted		15,814,800			13,385,047			15,137,763			13,385,047

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

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CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 and 2023

(Unaudited)

For the Three Months Ended June 30, 2024

	Preferred Stock				Common Stock				Paid-In		Warrant			Accumulated
	Shares		Amount		Shares		Amount		Capital		Discount			Deficit			Totals
Balance, March 31, 2024		1,000	$	1		13,396,226	$	13,395	$	18,290,183	$	(1,024,537	)		(17,577,707	)	$	(296,248	)
Warrant discount amortization												526,752						526,752
Net Loss															(550,829	)	$	(550,829	)
Balance, June 30, 2024		1,000	$	1		15,814,800	$	15,812	$	18,290,183	$	(497,785	)	$	(18,128,536	)	$	(320,325	)

For the Three Months Ended June 30, 2023

									Additional					Total
	Preferred Stock				Common Stock				Paid-In		Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Capital		(Deficit)			(Deficit)
Balances at March 31, 2023		1,000	$	1		13,385,047	$	13,384	$	12,763,126	$	(14,181,267	)	$	(1,404,756	)
Net loss		-		-								(13,353	)		(13,353	)
Balances at June 30, 2023		1,000	$	1		13,385,047	$	13,384	$	12,763,126	$	(14,194,620	)	$	(1,418,109	)

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For the Six Months Ended June 30, 2024

	Preferred Stock				Common Stock				Paid-In		Warrant			Accumulated
	Shares		Amount		Shares		Amount		Capital		Discount			Deficit			Totals
Balance, Dec 31, 2023		1,000	$	1		13,396,226	$	13,395	$	13,458,331	$	0			(14,941,174	)	$	(1,469,447	)
CS issued for Related Party Accrued
Expense and AP Conversion						2,359,160		2,359		3,489,198								3,491,557
Common Stock Issued for Services						10,000		9		14,791								14,800
Common Stock Issued for Note Payable and Interest						24,414		24		46,363								46,387
Common Stock Issued for AP settlement						25,000		25		36,975								37,000
Warrant discount										1,244,525		(1,244,500	)					25
Warrant discount amortization												746,715						746,715
Net Loss															(3,187,362	)		(3,187,362	)
Balance, June 30, 2024		1,000	$	1		15,814,800	$	15,812	$	18,290,183	$	(497,785	)	$	(18,128,536	)	$	(320,325	)

For the Six Months Ended June 30, 2023

									Additional					Total
	Preferred Stock				Common Stock				Paid-In		Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		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		-		-								(37,778	)		(37,778	)
Balances at June 30, 2023		1,000	$	1		13,385,047	$	13,384	$	12,763,126	$	(14,194,620	)	$	(1,418,109	)

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

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CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Six Months Ended
	June 30,
	2024			2023

Cash flows from operating activities
Net (loss)	$	(3,187,362	)	$	(37,778	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		-			1,992
Warrant discount		(1,244,525	)		-
Warrant discount amortization		746,715
Common stock issued for services		14,800			-
Common stock issued for accrued expenses – Related Party		2,311,977			-
Common stock issued for accounts payable		37,000			-
Loss on debt conversion		34,180			-
Unrealized gain on securities		176			-
Changes in operating assets and liabilities
Accounts payable and accrued expenses – related party		(1,100	)		(3,910	)
Accounts payable and accrued expenses		5,868			324
Deferred revenue		155			-
Net cash (used in) operating activities		(37,943	)		(39,372	)

Cash flows from investing activities
Investment in marketable securities		(499	)		0
Net cash provided by investing activities		(499	)		0

Cash flows from financing activities
Borrowings from convertible notes payable, related party		33,366			14,600
Payments on convertible notes payable, related party		-			(2,728	)
Borrowings from notes payable, related party		-			29,300
Warrant subscriptions		25			-
Principal payments on debt		-			(1,565	)
Net cash provided by financing activities		33,391			39,607

Net increase (decrease) in cash		(5,051	)		235

Cash, beginning of period		6,739			2,930

Cash, end of period	$	1,688		$	3,165

SUPPLEMENTAL DISCLOSURE:
Interest paid	$	-		$	-
Income taxes paid		-			-

NONCASH INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock	$	-		$	-

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

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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" or the "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' objective is making its endeavor known as CRWE WORLD into a online news and information source, as well as a 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.

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 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 in its first quarter of fiscal 2024 and found the adoption did not have a material effect or significant impact on 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.

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. 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 common stock for common share issuances.

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Revenue Recognition

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

	1.	Identify the contract with the customer

		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 are in agreement 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.

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.

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.

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.

	Six Months Ended June 30, 2024						Six Months Ended June 30, 2023
	Third Party		Related Party		Total		Third Party		Related Party		Total
Advertising	$	-	$	-	$	-	$	-	$	-	$	-
Accounting		-		-		-				-		-
Click Based and Impressions Ads		257		-		257		-		-		-
Publishing and Distribution		205		-		205		-		-		-
Server		-		-		-		-		-		-
	$	462	$	-	$	462	$	-	$	-	$	-

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	June 30,		June 30,
	2024		2023

Deferred Revenue	$	155	$	-

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 June 30, 2024 and December 31, 2023.

Risk Concentrations

During the six-month period ending June 30, 2024, 44% of the Company's revenues were from the publishing and distribution of a press release. The remaining 56% of the revenue earned was received from the displaying of click-based and impressions ads on the company's online sites. All revenue earned was through a third party.

The Company does not hold cash in excess of federally insured limits.

General and Administrative Expenses

Crown Equity's general and administrative expenses consisted of the following types of expenses during 2024 and 2023: Compensation expense, auto, travel and entertainment, legal and accounting, utilities, websites, 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.

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 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 the expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2024 or 2023.

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Basic and Diluted Net (Loss) per Share

	Six Months June 30, 2024			Six Months June 30, 2023
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(3,187,362	)	$	(37,778	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(3,187,362	)	$	(37,778	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		15,137,763			13,385,047

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.21	)	$	(0.00	)
Diluted	$	(0.21	)	$	(0.00	)

	Three Months June 30, 2024			Three Months June 30, 2023
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(550,829	)	$	(13,353	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(550,829	)	$	(13,353	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		15,814,800			13,385,047

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.03	)	$	(0.00	)
Diluted	$	(0.03	)	$	(0.00	)

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 June 30, 2024, and 2023. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended June 30, 2024 is 21,485,067 and June 30, 2023 was 21,401,000.

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 and 2021 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 June 30, 2024, and December 31, 2023, 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.

The Company's deferred tax assets consisted of the following as of June 30, 2024 and December 31, 2023:

	June 30, 2024			Dec 31, 2023
Net operating loss	$	1,583,128		$	928,560
Valuation allowance		(1,583,128	)		(928,560	)
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 June 30, 2024 and December 31, 2023.

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Fair Value of Financial Instruments

The 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 during the periods ended June 30, 2024 and December 31, 2023.

Advertising Cost

The Company spent $0 on advertising during the periods ended June 30, 2024 and June 30, 2023.

NOTE 2 – GOING CONCERN

As shown in the accompanying condensed consolidated financial statements, Crown Equity has an accumulated deficit of $18,128,536 since its inception and had a working capital deficit of $320,325, negative cash flows from operations and limited business operations as of June 30, 2024. These conditions raise 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.

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.

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 on June 30, 2024 and December 31, 2023:

	June 30, 2024			Dec 31, 2023
Computers – 3 year estimated useful life	$	108,622			108,622
Less – Accumulated Depreciation		(108,622	)		(108,622	)
Property and Equipment, net	$	-			-

Depreciation has been provided over each asset's estimated useful life. Depreciation expenses were $0, and $1,992 for the six months ended June 30, 2024 and 2023 respectively.

NOTE 4 – FINANCE LEASES

As of the six-month period ending June 30, 2024 there were no finance lease transactions.

NOTE 5 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

As of June 30, 2024, and December 31, 2023, the Company had unamortized discount of $0 and $0, respectively.

The Company analyzed the convertible notes for derivatives noting none.

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

Name	Original Note Date	Due Date	Interest Rate			Conversion Rate		June 30, 2024

Related Party Notes Payable:
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
Mike Zaman Irrevocable Trust	10/20/2023	10/20/2024		12	%	$	-		3,000
Mike Zaman Irrevocable Trust	11/06/2023	11/06/2024		12	%	$	-		10,000
Mike Zaman Irrevocable Trust	12/12/2023	12/12/2024		12	%	$	-		10,000
Mike Zaman Irrevocable Trust	02/01/2024	02/01/2025		12	%	$	-		10,000
Mike Zaman Irrevocable Trust	03/21/2024	03/21/2025		12	%	$	-		2,000
Mike Zaman Irrevocable Trust	03/25/2024	03/25/2025		12	%	$	-		11,000
Mike Zaman	05/14/2024	05/14/2025		12	%	$	-		4,500
Mike Zaman Irrevocable Trust	05/28/2024	05/28/2025		12	%	$	-		1,500
Mike Zaman	06/06/2024	06/06/2025		12	%	$	-		2,500
Mike Zaman	06/06/2024	06/06/2025		12	%	$	-		916
Mike Zaman	06/24/2024	06/24/2025		12	%	$	-		950
Total Related Party Notes Payable									117,166

Related Party Convertible Notes Payable:
Mike Zaman Irrevocable Trust	12/25/2022	12/25/2023		12	%	$	0.50		2,000
Mike Zaman	01/11/2023	01/11/2024		12	%	$	0.50		1,100
Mike Zaman Irrevocable Trust	01/23/2023	01/23/2024		12	%	$	0.50		2,500
Mike Zaman Irrevocable Trust	01/31/2023	01/31/2024		12	%	$	0.50		1,000
Mike Zaman Irrevocable Trust	02/14/2023	02/14/2024		12	%	$	0.50		10,000
Total Convertible Related Party Notes Payable									16,600

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 June 30, 2024, the principal balance on this note was $1,100.

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 June 30, 2024, the principal balance on this note was $15,000.

On May 14, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $4,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $4,500.

On June 6, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $2,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $2,500.

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On June 6, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $916 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $916.

On June 24, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $950 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $950

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 June 30, 2024, the principal balance on this note was $2,000.

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 June 30, 2024, 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 June 30, 2024, 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 June 30, 2024, 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 June 30, 2024, 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 June 30, 2024, 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 June 30, 2024, 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, 2024, 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 June 30, 2024, 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 June 30, 2024, 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 June 30, 2024, 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 June 30, 2024, the principal balance on this note was $1,000.

On October 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, 2024, the principal balance on this note was $3,000.

On November 06, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $10,000 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $10,000.

On December 12, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $10,000 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $10,000.

On February 01, 2024 the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $10,000 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $10,000.

On March 21, 2024, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,000 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $2,000.

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On March 25, 2024, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $11,000 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $11,000.

On May 28, 2024 the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $1,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $1,500.

NOTE 6 – 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 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 2024 year.

NOTE 7 – 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.

Mike Zaman

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 June 30, 2024, the principal balance on this note was $15,000.

On May 14, 2024 the Company entered into a promissory note with Mike Zaman in the amount of $4,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $4,500.

On June 6, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $2,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $2,500.

On June 6, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $916 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $916.

On June 24, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $950 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $950.

Mike Zaman Irrevocable Trust

March 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 June 30, 2024, the principal balance on this note was $1,000.

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On May 28, 2024, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $1,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $1,500.

The Company periodically receives operating funds advanced from related parties which are documented with notes payable or convertible notes payable. Additionally, the Company related parties cover account payables by direct payment of the account payables which are also documented with notes payable or convertible notes payable. As of June 30, 2024, the total convertible notes and non-convertible notes from related parties were $117,166 and $16,600, respectfully.

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NOTE 8 – STOCK HOLDERS' EQUITY (DEFICIT)

Common Stock

During the six months ending June 30, 2024, the Company issued 2,359,160 shares of common stock for Account Payable/Related Party, 25,000 shares for account payable, 10,000 shares for services, and 24,414 shares for a note payable as follows:

	·	On February 9, 2024, the Company issued 24,414 restricted shares of common stock for conversion of a note payable of $10,000 at 12% interest to Jamie Hadfield at a conversion rate of fifty cents ($0.50) per share for the total note amount owed. The share price on conversion date was $1.48, which attributed to a loss of $34,180.

	·	On February 20, 2024, the Company issued 1,439,300 restricted shares of common stock for conversion of $719,650 in accrued expenses to Mike Zaman at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $1,410,514.

	·	On February 20, 2024, the Company issued 278,160 restricted shares of common stock for conversion of a $139,080 in accrued expenses to Arnulfo Saucedo-Bardan at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $272,597.

	·	On February 20, 2024, the Company issued 301,700 restricted shares of common stock for conversion of $150,850 in accrued expenses to Kenneth Bosket at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $295,666.

	·	On February 20, 2024 the Company issued 340,000 restricted shares of common stock for conversion of $170,000 in accrued expenses to Montse Zaman at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $333,200.

	·	On February 20, 2024, the Company issued 25,000 restricted shares of common stock for conversion of a $12,500 account payable to Cloud Network Systems Inc. at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $24,500.

	·	On February 20, 2024 the Company issued 10,000 restricted shares of common stock for $14,800 for services to Vinoth Sambandam. The original amount owed was $5,000. The company converted the amount owed at a rate of fifty cents ($0.50) per share. The share price on conversion date was $1.48, which attributed to a loss of $9,800.

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 June 30, 2024.

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 June 30, 2024, the Company has 1,000 shares of Series A Preferred Stock outstanding.

Warrants

On February 26, 2024, the Company granted a non-qualified stock warrants purchase of 1,000,000 shares of common stock. The Warrant is exercisable, at the option of the holder at an exercise price of $0.60 per share. The warrant expires 215 days from issuance. The fair value of warrant is estimated on the date of grant using the Black Scholes pricing model with the following weighted-average assumptions used for the warrant under the plan.

Average risk-free rate: 5.48%

Average expected life (in years): 0.59 years

Volatility: 419%

The warrants were Valued at $1,244,525 and the value was recorded as Warrant Discount and is being amortized over the Average Expected Life.

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The number of outstanding warrants are shown in the following table.

	Number of		Exercise
	Warrants		Price
Balance, December 31, 2023		24,900,000	$	0.60
Issued		1,000,000		0.60
Exercised		-		-
Balance, June 30, 2024		25,900,000		0.60

NOTE 9 – 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 2024.

The Company's deferred tax assets consisted of the following as of June 30, 2024 and December 31, 2023:

	June 30, 2024			December 31, 2023
Net operating loss	$	1,583,128		$	928,560
Valuation allowance		(1,583,128	)		(928,560	)
Net deferred tax asset	$	-		$	-

As of June 30, 2024, and December 31, 2023, the Company's accumulated net operating loss carry forward was approximately $7,538,707 and $4,351,345 respectively. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%.

NOTE 10 – SUBSEQUENT EVENTS

On July 22, 2024, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $1,500 at an interest rate of 12%.

On July 31, 2024, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $4,000 at an interest rate of 12%.

On August 15, 2024, the Company entered into a promissory convertible note with Vast Capital in the amount of $4,000 at an interest rate of 12%.

Management has analyzed its operations for subsequent events to August 16, 2024, the date these Financial Statements were issued.

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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, 2023, and the Condensed Consolidated Financial Statements and notes thereto included in Part I of this Quarterly Report on Form 10-Q. The following discussion may contain forward-looking statements. For additional information, see “Disclosure Regarding Forward Looking Statements” in Part I of this Quarterly Report on Form 10-Q.

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 June 30, 2024, the Company utilized the services of independent contractors and its following officers, Mike Zaman, Kenneth Bosket, and Montse Zaman.

RESULTS OF OPERATIONS

Three and six months ended June 30, 2024 Compared to the three and six months ended June 30, 2023

For the three months ended June 30, 2024, revenues were $161, and $0 for the same period ended in 2023. Revenues for the six months ended June 30, 2024 were $462 and $0 for the six months ended Juen 30, 2023. Revenues were higher in both the three and six months ended June 30, 2024 compared to revenues for the three and six months ended June 30, 2023 due to earned revenues through click-based, and impression ads, and the publishing and disseminating of a press release.

Operating expenses were $547,633 for the three months ended June 30, 2024 and $13,006 for the three months ended June 30, 2023. For the three months ended June 30, 2024, $526,752 of the $547,633 was amortization of the warrant discount. Operating expenses were 800,643 for the six months ended June 30, 2024 and $36,306 for the six months ended June 30, 2023. For the six months ended June 30, 2024, $745,715 of the $800,643 was amortization of the warrant discount. The increase in operating expenses was an across the board increase of general expenses such as auditing and IT services and accrued wages for key people.

Other expenses for the three months ended June 30, 2024 were negative $(3,357) and negative $(347) for the three months ended June 30, 2023. Other expense was negative $(2,387,176) for the six months ended June 30, 2024 and negative $(1,472) for the six months ended June 30, 2023. The increase was mainly due to the loss on conversion of related party payables and accounts payable to common stock in the six months ended June 30, 2024 and due to interest expense in the six months ended June 30, 2023.

Interest expenses for the six months ended June 30, 2024 and 2023 were $6,909 and $1,472, respectively.

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LIQUIDITY AND CAPITAL RESOURCES

As of June 30, 2024, Crown Equity had current assets of $2,363 and current liabilities of $322,688 resulting in a working capital deficit of $320,325. Net cash used by operating activities for the six months ended June 30, 2024 was $37,943 compared to net cash used of $39,372 for the same period in 2023.

For the six months ended June 30, 2024, we borrowed $33,366 from related parties.

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 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.

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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, 2023.

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

During the six months ended June 30, 2024, Crown Equity did not issue any shares of common stock for operating capital.

ITEM 3: DEFAULTS UPON SENIOR SECURITIES.

None

ITEM 4: MINE SAFETY INFORMATION.

None

ITEM 5: OTHER INFORMATION.

None

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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.

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

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

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

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

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.

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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: August 20, 2024	By:	/s/ Mike Zaman
		Mike Zaman, CEO

Date: August 20, 2024	By:	/s/ Kenneth Bosket
		Kenneth Bosket, CFO

nullnullnullnull

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2024	Aug. 20, 2024
Cover [Abstract]
Entity Registrant Name	CROWN EQUITY HOLDINGS INC.
Entity Central Index Key	0001103833
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		15,814,800
Entity File Number	000-29935
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	33-0677140
Entity Address Address Line 1	11226 Pentland Downs Street
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89141
City Area Code	702
Local Phone Number	683-8946
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash	$ 1,688	$ 6,739
Marketable securities	675	0
Total Current Assets	2,363	6,739
Property and Equipment, net	0	0
Total Assets	2,363	6,739
Current liabilities
Accounts payable and accrued expenses	167,427	163,766
Accounts payable and accrued expenses to related party	21,340	1,202,020
Notes payable to related parties	117,166	83,800
Convertible notes payable to related parties, net of debt discount	16,600	26,600
Deferred revenue	155	0
Total Current Liabilities	322,688	1,476,186
Total Liabilities	322,688	1,476,186
Stockholders' deficit
Preferred stock, value	0	0
Common Stock, 450,000,000 authorized at $0.001 par value; and 15,814,800 and 13,396,226 shares issued and outstanding at June 30, 2024 and December 31, 2023	15,812	13,395
Additional paid-in-capital	18,290,183	13,458,331
Warrant Discount	(497,785)	0
Accumulated deficit	(18,128,536)	(14,941,174)
Total stockholders' deficit	(320,325)	(1,469,447)
Total liabilities and stockholders' deficit	2,363	6,739
Series A Convertible Preferred Stock [Member]
Stockholders' deficit
Preferred stock, value	$ 1	$ 1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	15,814,800	13,396,226
Common stock, shares outstanding	15,814,800	13,396,226
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,001,000	20,001,000
Series A Convertible Preferred Stock [Member]
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares Issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Revenue	$ 161	$ 0	$ 462	$ 0
Revenue - related party	0	0	0	0
Total Revenue	161	0	462	0
Operating expenses
Depreciation and amortization	526,752	996	746,715	1,992
General and Administrative	20,881	12,010	53,933	34,314
Total Operating Expenses	547,633	13,006	800,648	36,306
Net Operating Income (Loss)	(547,472)	(13,006)	(800,186)	(36,206)
Other (expense)
Interest expense	(3,537)	(347)	(6,909)	(1,472)
Gain (Loss) on Related Party AP Conversion	0	0	(2,311,977)	0
Gain (Loss) on AP Conversion	0	0	(34,300)	0
Gain (Loss) on Marketable Securities	176	0	176	0
Other Income (Expense)	4	0	14	0
Loss on Debt Conversion	0	0	(34,180)	0
Total other expense	(3,357)	(347)	(2,387,176)	(1,472)
Net (loss)	$ (550,829)	$ (13,353)	$ (3,187,362)	$ (37,778)
Net (loss) per common share - basic and diluted	$ (0.03)	$ (0.00)	$ (0.21)	$ (0.00)
Weighted average number of common shares outstanding - basic and diluted	15,814,800	13,385,047	15,137,763	13,385,047

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Total	Preferred Stock	Common Stock	Paid-in Capital	Warrant Discount	Accumulated Deficit
Balance, shares at Dec. 31, 2022		1,000	13,385,047
Balance, amount at Dec. 31, 2022	$ (1,380,331)	$ 1	$ 13,384	$ 12,763,126		$ (14,156,842)
Net loss	(37,778)	$ 0				(37,778)
Balance, shares at Jun. 30, 2023		1,000	13,385,047
Balance, amount at Jun. 30, 2023	(1,418,109)	$ 1	$ 13,384	12,763,126		(14,194,620)
Balance, shares at Mar. 31, 2023		1,000	13,385,047
Balance, amount at Mar. 31, 2023	(1,404,756)	$ 1	$ 13,384	12,763,126		(14,181,267)
Net loss	(13,353)	$ 0				(13,353)
Balance, shares at Jun. 30, 2023		1,000	13,385,047
Balance, amount at Jun. 30, 2023	(1,418,109)	$ 1	$ 13,384	12,763,126		(14,194,620)
Balance, shares at Dec. 31, 2023		1,000	13,396,226
Balance, amount at Dec. 31, 2023	(1,469,447)	$ 1	$ 13,395	13,458,331	$ 0	(14,941,174)
Net loss	(3,187,362)					(3,187,362)
CS issued for Related Party Accrued Expense and AP Conversion, shares			2,359,160
CS issued for Related Party Accrued Expense and AP Conversion, amount	3,491,557		$ 2,359	3,489,198
Common Stock Issued for Services, shares			10,000
Common Stock Issued for Services, amount	14,800		$ 9	14,791
Common Stock Issued for Note Payable and Interest, shares			24,414
Common Stock Issued for Note Payable and Interest, amount	46,387		$ 24	46,363
Common Stock Issued for AP settlement, shares			25,000
Common Stock Issued for AP settlement, amount	37,000		$ 25	36,975
Warrant discount	25			1,244,525	(1,244,500)
Warrant discount amortization	746,715				746,715
Balance, shares at Jun. 30, 2024		1,000	15,814,800
Balance, amount at Jun. 30, 2024	(320,325)	$ 1	$ 15,812	18,290,183	(497,785)	(18,128,536)
Balance, shares at Mar. 31, 2024		1,000	13,396,226
Balance, amount at Mar. 31, 2024	(296,248)	$ 1	$ 13,395	18,290,183	(1,024,537)	(17,577,707)
Net loss	(550,829)					(550,829)
Warrant discount amortization	526,752				526,752
Balance, shares at Jun. 30, 2024		1,000	15,814,800
Balance, amount at Jun. 30, 2024	$ (320,325)	$ 1	$ 15,812	$ 18,290,183	$ (497,785)	$ (18,128,536)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net (loss)	$ (3,187,362)	$ (37,778)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	0	1,992
Warrant discount	(1,244,525)	0
Warrant discount amortization	746,715
Common stock issued for services	14,800	0
Common stock issued for accrued expenses - Related Party	2,311,977	0
Common stock issued for accounts payable	37,000	0
Loss on debt conversion	34,180	0
Unrealized gain on securities	176	0
Changes in operating assets and liabilities
Accounts payable and accrued expenses - related party	(1,100)	(3,910)
Accounts payable and accrued expenses	5,868	324
Deferred revenue	155	0
Net cash (used in) operating activities	(37,943)	(39,372)
Cash flows from investing activities
Investment in marketable securities	(499)	0
Net cash provided by investing activities	(499)	0
Cash flows from financing activities
Borrowings from convertible notes payable, related party	33,366	14,600
Payments on convertible notes payable, related party	0	(2,728)
Borrowings from notes payable, related party	0	29,300
Warrant subscriptions	25	0
Principal payments on debt	0	(1,565)
Net cash provided by financing activities	33,391	39,607
Net increase (decrease) in cash	(5,051)	235
Cash, beginning of period	6,739	2,930
Cash, end of period	1,688	3,165
SUPPLEMENTAL DISCLOSURE:
Interest paid	0	0
Income taxes paid	0	0
NONCASH INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock	$ 0	$ 0

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2024

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Nature of Business

Basis of Preparation

Reclassifications

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

Adoption of New Accounting Standard

Use of Estimates

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.

Stock-Based Compensation

Revenue Recognition

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

	1.	Identify the contract with the customer

		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 are in agreement 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.

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

	Six Months Ended June 30, 2024						Six Months Ended June 30, 2023
	Third Party		Related Party		Total		Third Party		Related Party		Total
Advertising	$	-	$	-	$	-	$	-	$	-	$	-
Accounting		-		-		-				-		-
Click Based and Impressions Ads		257		-		257		-		-		-
Publishing and Distribution		205		-		205		-		-		-
Server		-		-		-		-		-		-
	$	462	$	-	$	462	$	-	$	-	$	-

	June 30,		June 30,
	2024		2023

Deferred Revenue	$	155	$	-

Accounts Receivable and Allowance for Doubtful Accounts

Risk Concentrations

The Company does not hold cash in excess of federally insured limits.

General and Administrative Expenses

Property and Equipment

Impairment of Long-Lived Assets

Basic and Diluted Net (Loss) per Share

	Six Months June 30, 2024			Six Months June 30, 2023
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(3,187,362	)	$	(37,778	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(3,187,362	)	$	(37,778	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		15,137,763			13,385,047

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.21	)	$	(0.00	)
Diluted	$	(0.21	)	$	(0.00	)

	Three Months June 30, 2024			Three Months June 30, 2023
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(550,829	)	$	(13,353	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(550,829	)	$	(13,353	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		15,814,800			13,385,047

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.03	)	$	(0.00	)
Diluted	$	(0.03	)	$	(0.00	)

Income Taxes

The Company's deferred tax assets consisted of the following as of June 30, 2024 and December 31, 2023:

	June 30, 2024			Dec 31, 2023
Net operating loss	$	1,583,128		$	928,560
Valuation allowance		(1,583,128	)		(928,560	)
Net deferred tax asset		-			-

Uncertain tax position

Fair Value of Financial Instruments

Research and Development

The Company spent no money for research and development costs during the periods ended June 30, 2024 and December 31, 2023.

Advertising Cost

The Company spent $0 on advertising during the periods ended June 30, 2024 and June 30, 2023.

GOING CONCERN

6 Months Ended

Jun. 30, 2024

GOING CONCERN

GOING CONCERN

NOTE 2 – GOING CONCERN

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

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 on June 30, 2024 and December 31, 2023:

	June 30, 2024			Dec 31, 2023
Computers – 3 year estimated useful life	$	108,622			108,622
Less – Accumulated Depreciation		(108,622	)		(108,622	)
Property and Equipment, net	$	-			-

Depreciation has been provided over each asset's estimated useful life. Depreciation expenses were $0, and $1,992 for the six months ended June 30, 2024 and 2023 respectively.

FINANCE LEASES

6 Months Ended

Jun. 30, 2024

FINANCE LEASES

FINANCE LEASES

NOTE 4 – FINANCE LEASES

As of the six-month period ending June 30, 2024 there were no finance lease transactions.

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

6 Months Ended

Jun. 30, 2024

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

NOTE 5 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

As of June 30, 2024, and December 31, 2023, the Company had unamortized discount of $0 and $0, respectively.

The Company analyzed the convertible notes for derivatives noting none.

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

Name	Original Note Date	Due Date	Interest Rate			Conversion Rate		June 30, 2024

Related Party Notes Payable:
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
Mike Zaman Irrevocable Trust	10/20/2023	10/20/2024		12	%	$	-		3,000
Mike Zaman Irrevocable Trust	11/06/2023	11/06/2024		12	%	$	-		10,000
Mike Zaman Irrevocable Trust	12/12/2023	12/12/2024		12	%	$	-		10,000
Mike Zaman Irrevocable Trust	02/01/2024	02/01/2025		12	%	$	-		10,000
Mike Zaman Irrevocable Trust	03/21/2024	03/21/2025		12	%	$	-		2,000
Mike Zaman Irrevocable Trust	03/25/2024	03/25/2025		12	%	$	-		11,000
Mike Zaman	05/14/2024	05/14/2025		12	%	$	-		4,500
Mike Zaman Irrevocable Trust	05/28/2024	05/28/2025		12	%	$	-		1,500
Mike Zaman	06/06/2024	06/06/2025		12	%	$	-		2,500
Mike Zaman	06/06/2024	06/06/2025		12	%	$	-		916
Mike Zaman	06/24/2024	06/24/2025		12	%	$	-		950
Total Related Party Notes Payable									117,166

Related Party Convertible Notes Payable:
Mike Zaman Irrevocable Trust	12/25/2022	12/25/2023		12	%	$	0.50		2,000
Mike Zaman	01/11/2023	01/11/2024		12	%	$	0.50		1,100
Mike Zaman Irrevocable Trust	01/23/2023	01/23/2024		12	%	$	0.50		2,500
Mike Zaman Irrevocable Trust	01/31/2023	01/31/2024		12	%	$	0.50		1,000
Mike Zaman Irrevocable Trust	02/14/2023	02/14/2024		12	%	$	0.50		10,000
Total Convertible Related Party Notes Payable									16,600

Mike Zaman

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 June 30, 2024, the principal balance on this note was $15,000.

On May 14, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $4,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $4,500.

On June 6, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $2,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $2,500.

On June 6, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $916 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $916.

On June 24, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $950 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $950

Mike Zaman Irrevocable Trust

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2024

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

NOTE 6 – 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 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 2024 year.

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2024

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 7 – 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.

Mike Zaman

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 June 30, 2024, the principal balance on this note was $15,000.

On May 14, 2024 the Company entered into a promissory note with Mike Zaman in the amount of $4,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $4,500.

On June 6, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $2,500 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $2,500.

On June 6, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $916 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $916.

On June 24, 2024, the Company entered into a promissory note with Mike Zaman in the amount of $950 at an interest rate of 12%. As of June 30, 2024, the principal balance on this note was $950.

Mike Zaman Irrevocable Trust

STOCK HOLDERS' EQUITY (DEFICIT)

6 Months Ended

Jun. 30, 2024

STOCK HOLDERS' EQUITY (DEFICIT)

STOCK HOLDERS' EQUITY (DEFICIT)

NOTE 8 – STOCK HOLDERS' EQUITY (DEFICIT)

Common Stock

	·	On February 9, 2024, the Company issued 24,414 restricted shares of common stock for conversion of a note payable of $10,000 at 12% interest to Jamie Hadfield at a conversion rate of fifty cents ($0.50) per share for the total note amount owed. The share price on conversion date was $1.48, which attributed to a loss of $34,180.

	·	On February 20, 2024, the Company issued 1,439,300 restricted shares of common stock for conversion of $719,650 in accrued expenses to Mike Zaman at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $1,410,514.

	·	On February 20, 2024, the Company issued 278,160 restricted shares of common stock for conversion of a $139,080 in accrued expenses to Arnulfo Saucedo-Bardan at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $272,597.

	·	On February 20, 2024, the Company issued 301,700 restricted shares of common stock for conversion of $150,850 in accrued expenses to Kenneth Bosket at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $295,666.

	·	On February 20, 2024 the Company issued 340,000 restricted shares of common stock for conversion of $170,000 in accrued expenses to Montse Zaman at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $333,200.

	·	On February 20, 2024, the Company issued 25,000 restricted shares of common stock for conversion of a $12,500 account payable to Cloud Network Systems Inc. at a conversion rate of fifty cents ($0.50) per share for the total amount owed. The share price on conversion date was $1.48, which attributed to a loss of $24,500.

	·	On February 20, 2024 the Company issued 10,000 restricted shares of common stock for $14,800 for services to Vinoth Sambandam. The original amount owed was $5,000. The company converted the amount owed at a rate of fifty cents ($0.50) per share. The share price on conversion date was $1.48, which attributed to a loss of $9,800.

Equity Incentive Plan

Preferred Stock

Warrants

Average risk-free rate: 5.48%

Average expected life (in years): 0.59 years

Volatility: 419%

The warrants were Valued at $1,244,525 and the value was recorded as Warrant Discount and is being amortized over the Average Expected Life.

The number of outstanding warrants are shown in the following table.

	Number of		Exercise
	Warrants		Price
Balance, December 31, 2023		24,900,000	$	0.60
Issued		1,000,000		0.60
Exercised		-		-
Balance, June 30, 2024		25,900,000		0.60

INCOME TAXES

6 Months Ended

Jun. 30, 2024

INCOME TAXES

INCOME TAXES

NOTE 9 – INCOME TAXES

The Company did not have taxable income during 2024.

The Company's deferred tax assets consisted of the following as of June 30, 2024 and December 31, 2023:

	June 30, 2024			December 31, 2023
Net operating loss	$	1,583,128		$	928,560
Valuation allowance		(1,583,128	)		(928,560	)
Net deferred tax asset	$	-		$	-

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2024

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 10 – SUBSEQUENT EVENTS

On July 22, 2024, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $1,500 at an interest rate of 12%.

On July 31, 2024, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $4,000 at an interest rate of 12%.

On August 15, 2024, the Company entered into a promissory convertible note with Vast Capital in the amount of $4,000 at an interest rate of 12%.

Management has analyzed its operations for subsequent events to August 16, 2024, the date these Financial Statements were issued.

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2024

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Nature of Business

Basis of Preparation

Reclassifications

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

Adoption of New Accounting Standard

Use of Estimates

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.

Stock-Based Compensation

Revenue Recognition

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

	1.	Identify the contract with the customer

		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 are in agreement 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.

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

	Six Months Ended June 30, 2024						Six Months Ended June 30, 2023
	Third Party		Related Party		Total		Third Party		Related Party		Total
Advertising	$	-	$	-	$	-	$	-	$	-	$	-
Accounting		-		-		-				-		-
Click Based and Impressions Ads		257		-		257		-		-		-
Publishing and Distribution		205		-		205		-		-		-
Server		-		-		-		-		-		-
	$	462	$	-	$	462	$	-	$	-	$	-

	June 30,		June 30,
	2024		2023

Deferred Revenue	$	155	$	-

Accounts Receivable and Allowance for Doubtful Accounts

Risk Concentrations

The Company does not hold cash in excess of federally insured limits.

General and Administrative Expenses

Property and Equipment

Impairment of Long-Lived Assets

Basic and Diluted Net (Loss) per Share

	Six Months June 30, 2024			Six Months June 30, 2023
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(3,187,362	)	$	(37,778	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(3,187,362	)	$	(37,778	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		15,137,763			13,385,047

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.21	)	$	(0.00	)
Diluted	$	(0.21	)	$	(0.00	)

	Three Months June 30, 2024			Three Months June 30, 2023
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(550,829	)	$	(13,353	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(550,829	)	$	(13,353	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		15,814,800			13,385,047

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.03	)	$	(0.00	)
Diluted	$	(0.03	)	$	(0.00	)

Income Taxes

The Company's deferred tax assets consisted of the following as of June 30, 2024 and December 31, 2023:

	June 30, 2024			Dec 31, 2023
Net operating loss	$	1,583,128		$	928,560
Valuation allowance		(1,583,128	)		(928,560	)
Net deferred tax asset		-			-

Uncertain tax position

Fair Value of Financial Instruments

Research and Development

The Company spent no money for research and development costs during the periods ended June 30, 2024 and December 31, 2023.

Advertising Cost

The Company spent $0 on advertising during the periods ended June 30, 2024 and June 30, 2023.

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2024

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Schedule of Sales recognized

	Six Months Ended June 30, 2024						Six Months Ended June 30, 2023
	Third Party		Related Party		Total		Third Party		Related Party		Total
Advertising	$	-	$	-	$	-	$	-	$	-	$	-
Accounting		-		-		-				-		-
Click Based and Impressions Ads		257		-		257		-		-		-
Publishing and Distribution		205		-		205		-		-		-
Server		-		-		-		-		-		-
	$	462	$	-	$	462	$	-	$	-	$	-

Schedule of revenue

	June 30,		June 30,
	2024		2023

Deferred Revenue	$	155	$	-

Schedule of Basic and Diluted Net (Loss) per Share

	Six Months June 30, 2024			Six Months June 30, 2023
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(3,187,362	)	$	(37,778	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(3,187,362	)	$	(37,778	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		15,137,763			13,385,047

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.21	)	$	(0.00	)
Diluted	$	(0.21	)	$	(0.00	)

	Three Months June 30, 2024			Three Months June 30, 2023
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(550,829	)	$	(13,353	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(550,829	)	$	(13,353	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		15,814,800			13,385,047

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.03	)	$	(0.00	)
Diluted	$	(0.03	)	$	(0.00	)

Schedule of deferred tax assets

	June 30, 2024			Dec 31, 2023
Net operating loss	$	1,583,128		$	928,560
Valuation allowance		(1,583,128	)		(928,560	)
Net deferred tax asset		-			-

PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2024

PROPERTY AND EQUIPMENT

Schedule of property plant and equipment

	June 30, 2024			Dec 31, 2023
Computers – 3 year estimated useful life	$	108,622			108,622
Less – Accumulated Depreciation		(108,622	)		(108,622	)
Property and Equipment, net	$	-			-

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Tables)

6 Months Ended

Jun. 30, 2024

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

Schedule of Convertible Notes Payable

Name	Original Note Date	Due Date	Interest Rate			Conversion Rate		June 30, 2024

Related Party Notes Payable:
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
Mike Zaman Irrevocable Trust	10/20/2023	10/20/2024		12	%	$	-		3,000
Mike Zaman Irrevocable Trust	11/06/2023	11/06/2024		12	%	$	-		10,000
Mike Zaman Irrevocable Trust	12/12/2023	12/12/2024		12	%	$	-		10,000
Mike Zaman Irrevocable Trust	02/01/2024	02/01/2025		12	%	$	-		10,000
Mike Zaman Irrevocable Trust	03/21/2024	03/21/2025		12	%	$	-		2,000
Mike Zaman Irrevocable Trust	03/25/2024	03/25/2025		12	%	$	-		11,000
Mike Zaman	05/14/2024	05/14/2025		12	%	$	-		4,500
Mike Zaman Irrevocable Trust	05/28/2024	05/28/2025		12	%	$	-		1,500
Mike Zaman	06/06/2024	06/06/2025		12	%	$	-		2,500
Mike Zaman	06/06/2024	06/06/2025		12	%	$	-		916
Mike Zaman	06/24/2024	06/24/2025		12	%	$	-		950
Total Related Party Notes Payable									117,166

Related Party Convertible Notes Payable:
Mike Zaman Irrevocable Trust	12/25/2022	12/25/2023		12	%	$	0.50		2,000
Mike Zaman	01/11/2023	01/11/2024		12	%	$	0.50		1,100
Mike Zaman Irrevocable Trust	01/23/2023	01/23/2024		12	%	$	0.50		2,500
Mike Zaman Irrevocable Trust	01/31/2023	01/31/2024		12	%	$	0.50		1,000
Mike Zaman Irrevocable Trust	02/14/2023	02/14/2024		12	%	$	0.50		10,000
Total Convertible Related Party Notes Payable									16,600

STOCK HOLDERS' EQUITY (DEFICIT) (Tables)

6 Months Ended

Jun. 30, 2024

STOCK HOLDERS' EQUITY (DEFICIT)

Summary of Warrants Issued

	Number of		Exercise
	Warrants		Price
Balance, December 31, 2023		24,900,000	$	0.60
Issued		1,000,000		0.60
Exercised		-		-
Balance, June 30, 2024		25,900,000		0.60

INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2024

INCOME TAXES

Schedule of Deferred Tax

	June 30, 2024			December 31, 2023
Net operating loss	$	1,583,128		$	928,560
Valuation allowance		(1,583,128	)		(928,560	)
Net deferred tax asset	$	-		$	-

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Advertising	$ 0	$ 0
Accounting	0	0
Click Based and Impressions Ads	257	0
Publishing and Distribution	205	0
Server	0	0
Total sales	462	0
Third Party [Member]
Advertising	0	0
Click Based and Impressions Ads	257	0
Publishing and Distribution	205	0
Server	0	0
Total sales	462	0
Accounting	0	0
Related Partys [Member]
Advertising	0	0
Click Based and Impressions Ads	0	0
Publishing and Distribution	0	0
Server	0	0
Total sales	0	$ 0
Accounting	$ 0

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 1) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES
Deferred Revenue	$ 155	$ 0

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 2) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$ (550,829)	$ (13,353)	$ (3,187,362)	$ (37,778)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$ (550,829)	$ (13,353)	$ (3,187,362)	$ (37,778)
Denominator:
Weighted average common and common equivalent shares outstanding - basic and diluted	15,814,800	13,385,047	15,137,763	13,385,047
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$ (0.03)	$ (0.00)	$ (0.21)	$ (0.00)
Diluted	$ (0.03)	$ (0.00)	$ (0.21)	$ (0.00)

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 3) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES
Net operating loss	$ 1,583,128	$ 928,560
Valuation allowance	(1,583,128)	(928,560)
Net deferred Tax asset	$ 0	$ 0

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES
Reduced The Federal Statutory Corporate Tax Rate	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
Research and development costs	$ 0	$ 0
Advertising Cost	$ 0	$ 0
Corporate Tax Rate	21.00%
Uncertain Tax Position Description	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 June 30, 2024 and December 31, 2023
Revenues from publishing and distribution	44.00%
Revenue earned was received from the display of click-based	56.00%
Number of potential anti-dilutive shares	21,485,067	21,401,000

GOING CONCERN (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
GOING CONCERN
Accumulated Deficit	$ (18,128,536)	$ (14,941,174)
Working Capital Deficit	$ 320,325

PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property And Equipment, Net	$ 0	$ 0
Computer Equipment [Member]
Computers - 3 Year Estimated Useful Life	108,622	108,622
Less - Accumulated Depreciation	(108,622)	(108,622)
Property And Equipment, Net	$ 0	$ 0

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	6 Months Ended
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Depreciation expense	$ 0	$ 1,992
Capitalized property	$ 1,000
Minimum Range [Member]
Useful life		3 years
Maximum Range [Member]
Useful life		7 years

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details)	6 Months Ended
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details)	Jun. 30, 2024 USD ($) $ / shares
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 12 [Member]
Original Note Date	Feb. 01, 2024
Due Date	Feb. 01, 2025
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 10,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 13 [Member]
Original Note Date	Mar. 21, 2024
Due Date	Mar. 21, 2025
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 2,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 14 [Member]
Original Note Date	Mar. 25, 2024
Due Date	Mar. 25, 2025
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 11,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 1 [Member]
Original Note Date	Mar. 23, 2023
Due Date	Mar. 23, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 18,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 2 [Member]
Original Note Date	May 08, 2023
Due Date	May 08, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 5,800
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 3 [Member]
Original Note Date	Jun. 02, 2023
Due Date	Jun. 02, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 2,500
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 4 [Member]
Original Note Date	Jun. 20, 2023
Due Date	Jun. 20, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 3,000
Related Party Notes Payable [Member] \| Mike Zaman 1 [Member]
Original Note Date	Jul. 18, 2023
Due Date	Jul. 18, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 15,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 5 [Member]
Original Note Date	Aug. 04, 2023
Due Date	Aug. 04, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 12,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 6 [Member]
Original Note Date	Sep. 20, 2023
Due Date	Sep. 20, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 2,500
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 7 [Member]
Original Note Date	Sep. 22, 2023
Due Date	Sep. 22, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 1,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 8 [Member]
Original Note Date	Sep. 23, 2023
Due Date	Sep. 23, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 1,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 9 [Member]
Original Note Date	Oct. 20, 2023
Due Date	Oct. 20, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 3,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 10 [Member]
Original Note Date	Nov. 06, 2023
Due Date	Nov. 06, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 10,000
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 11 [Member]
Original Note Date	Dec. 12, 2023
Due Date	Dec. 12, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 10,000
Related Party Notes Payable [Member] \| Mike Zaman 2 [Member]
Original Note Date	May 14, 2024
Due Date	May 14, 2025
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 4,500
Related Party Notes Payable [Member] \| Mike Zaman Irrevocable Trust 15 [Member]
Original Note Date	May 28, 2024
Due Date	May 28, 2025
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 1,500
Related Party Notes Payable [Member] \| Mike Zaman 3 [Member]
Original Note Date	Jun. 06, 2024
Due Date	Jun. 06, 2025
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 2,500
Related Party Notes Payable [Member] \| Mike Zaman 4 [Member]
Original Note Date	Jun. 06, 2024
Due Date	Jun. 06, 2025
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 916
Related Party Notes Payable [Member] \| Mike Zaman 5 [Member]
Original Note Date	Jun. 24, 2024
Due Date	Jun. 24, 2025
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0
Note payable	$ 950
Related Party Notes Payable DuringPeriod [Member]
Note payable	$ 117,166
Convertible Notes Payable Related Party [Member] \| Mike Zaman Irrevocable Trust 1 [Member]
Original Note Date	Dec. 25, 2022
Due Date	Dec. 25, 2023
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0.50
Note payable	$ 2,000
Convertible Notes Payable Related Party [Member] \| Mike Zaman Irrevocable Trust 2 [Member]
Original Note Date	Jan. 23, 2023
Due Date	Jan. 23, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0.50
Note payable	$ 2,500
Convertible Notes Payable Related Party [Member] \| Mike Zaman Irrevocable Trust 3 [Member]
Original Note Date	Jan. 31, 2023
Due Date	Jan. 31, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0.50
Note payable	$ 1,000
Convertible Notes Payable Related Party [Member] \| Mike Zaman [Member]
Original Note Date	Jan. 11, 2023
Due Date	Jan. 11, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0.50
Note payable	$ 1,100
Convertible NoteRelated Party [Member] \| Mike Zaman Irrevocable Trust 4 [Member]
Original Note Date	Feb. 14, 2023
Due Date	Feb. 14, 2024
Interest Rate	12.00%
Conversion Rate \| $ / shares	$ 0.50
Note payable	$ 10,000
Convertible NotesRelated Party Notes Payable DuringPeriod [Member]
Note payable	$ 16,600

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Convertible Debt and Note Payable [Member]
Unamortized discount	$ 0	$ 0
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On December 25, 2022 [Member]
Promissory note	2,000
Principal balance of promissory note	$ 2,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On January 23, 2023 [Member]
Promissory note	$ 2,500
Principal balance of promissory note	$ 2,500
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On January 31, 2023 [Member]
Promissory note	$ 1,000
Principal balance of promissory note	$ 1,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On February 14, 2023 [Member]
Promissory note	$ 10,000
Principal balance of promissory note	$ 10,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On March 23, 2023 [Member]
Promissory note	$ 18,000
Principal balance of promissory note	$ 18,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On May 08, 2023 [Member]
Promissory note	$ 5,800
Principal balance of promissory note	$ 5,800
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On June 02, 2023 [Member]
Promissory note	$ 2,500
Principal balance of promissory note	$ 2,500
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On June 20, 2023 [Member]
Promissory note	$ 3,000
Principal balance of promissory note	$ 3,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On August 04, 2023 [Member]
Promissory note	$ 12,000
Principal balance of promissory note	$ 12,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On September 20, 2023 [Member]
Promissory note	$ 2,500
Principal balance of promissory note	$ 2,500
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On September 22, 2023 [Member]
Promissory note	$ 1,000
Principal balance of promissory note	$ 1,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On September 23, 2023 [Member]
Promissory note	$ 1,000
Principal balance of promissory note	$ 1,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On October 20, 2023 [Member]
Promissory note	$ 3,000
Principal balance of promissory note	3,000
Principal balance of promissory note	$ 3,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On November 06, 2023 [Member]
Promissory note	$ 10,000
Principal balance of promissory note	$ 10,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On December 12, 2023 [Member]
Promissory note	$ 10,000
Principal balance of promissory note	$ 10,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| February 01 2024 [Member]
Promissory note	$ 10,000
Principal balance of promissory note	$ 10,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| March 21 2024 [Member]
Promissory note	$ 2,000
Principal balance of promissory note	$ 2,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| March 25 2024 [Member]
Promissory note	$ 11,000
Principal balance of promissory note	$ 11,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On May 28, 2024 [Member]
Promissory note	$ 1,500
Principal balance of promissory note	$ 1,500
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On January 11, 2023 [Member]
Promissory note	$ 1,100
Principal balance of promissory note	$ 1,100
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On July 18, 2023 [Member]
Promissory note	$ 15,000
Principal balance of promissory note	$ 15,000
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On May 14, 2024 [Member]
Promissory note	$ 4,500
Principal balance of promissory note	$ 4,500
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On June 6, 2024 [Member]
Promissory note	$ 2,500
Principal balance of promissory note	$ 2,500
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On June 24, 2024 [Member]
Promissory note	$ 950
Principal balance of promissory note	$ 950
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On June 6, 2024 One [Member]
Promissory note	$ 916
Principal balance of promissory note	$ 916
Interest rate	12.00%

COMMITMENTS AND CONTINGENCIES (Details Narrative)	6 Months Ended
COMMITMENTS AND CONTINGENCIES (Details Narrative)	Jun. 30, 2024 USD ($)
Automobile Lease [Member]
Monthly lease payment	$ 395
Automobile Lease One [Member]
Monthly lease payment	$ 278

RELATED PARTY TRANSACTIONS (Details Narrative)	6 Months Ended
RELATED PARTY TRANSACTIONS (Details Narrative)	Jun. 30, 2024 USD ($)
Convertible notes notes from related parties	$ 117,166
Non convertible notes notes from related parties	16,600
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On December 25, 2022 [Member]
Promissory note	2,000
Principal balance of promissory note	$ 2,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On January 23, 2023 [Member]
Promissory note	$ 2,500
Principal balance of promissory note	$ 2,500
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On January 31, 2023 [Member]
Promissory note	$ 1,000
Principal balance of promissory note	$ 1,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On February 14, 2023 [Member]
Promissory note	$ 10,000
Principal balance of promissory note	$ 10,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On March 23, 2023 [Member]
Promissory note	$ 18,000
Principal balance of promissory note	$ 18,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On May 08, 2023 [Member]
Promissory note	$ 5,800
Principal balance of promissory note	$ 5,800
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On June 02, 2023 [Member]
Promissory note	$ 2,500
Principal balance of promissory note	$ 2,500
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On June 20, 2023 [Member]
Promissory note	$ 3,000
Principal balance of promissory note	$ 3,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On August 04, 2023 [Member]
Promissory note	$ 12,000
Principal balance of promissory note	$ 12,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On September 20, 2023 [Member]
Promissory note	$ 2,500
Principal balance of promissory note	$ 2,500
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On September 22, 2023 [Member]
Promissory note	$ 1,000
Principal balance of promissory note	$ 1,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On September 23, 2023 [Member]
Promissory note	$ 1,000
Principal balance of promissory note	$ 1,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On October 20, 2023 [Member]
Promissory note	$ 3,000
Principal balance of promissory note	$ 3,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On November 06, 2023 [Member]
Promissory note	$ 10,000
Principal balance of promissory note	$ 10,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| On December 12, 2023 [Member]
Promissory note	$ 10,000
Principal balance of promissory note	$ 10,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| February 01 2024 [Member]
Promissory note	$ 10,000
Principal balance of promissory note	$ 10,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| March 21 2024 [Member]
Promissory note	$ 2,000
Principal balance of promissory note	$ 2,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| March 25, 2024 [Member]
Promissory note	$ 11,000
Principal balance of promissory note	$ 11,000
Interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| Convertible Promissory Note [Member] \| May 28, 2024 [Member]
Promissory note	$ 1,500
Principal balance of promissory note	$ 1,500
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On January 11, 2023 [Member]
Promissory note	$ 1,100
Principal balance of promissory note	$ 1,100
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On July 18, 2023 [Member]
Promissory note	$ 15,000
Principal balance of promissory note	$ 15,000
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On May 14, 2024 [Member]
Promissory note	$ 4,500
Principal balance of promissory note	$ 4,500
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On June 6, 2024 [Member]
Promissory note	$ 2,500
Principal balance of promissory note	$ 2,500
Interest rate	12.00%
Mike Zaman [Member] \| Convertible Promissory Note [Member] \| On June 24, 2024 [Member]
Promissory note	$ 950
Principal balance of promissory note	$ 950
Interest rate	12.00%
Mike Zaman one [Member] \| Convertible Promissory Note [Member] \| On June 6, 2024 [Member]
Promissory note	$ 916
Principal balance of promissory note	$ 916
Interest rate	12.00%

STOCKHOLDERS' DEFICIT (Details) - Warrants [Member]	6 Months Ended
STOCKHOLDERS' DEFICIT (Details) - Warrants [Member]	Jun. 30, 2024 $ / shares shares
Number of Warrants Outstanding, beginning \| shares	24,900,000
Issued \| shares	1,000,000
Exercised \| shares	0
Number of Warrants Outstanding, ending \| shares	25,900,000
Warrants exercise price, beginning \| $ / shares	$ 0.60
Warrants exercise price, Issued \| $ / shares	0.60
Warrants exercise price, Exercised \| $ / shares	0
Warrants exercise price, ending \| $ / shares	$ 0.60

STOCKHOLDERS' DEFICIT (Details Narrative) - USD ($)		1 Months Ended		3 Months Ended			6 Months Ended
STOCKHOLDERS' DEFICIT (Details Narrative) - USD ($)	Feb. 09, 2024	Feb. 26, 2024	Feb. 20, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Common Stock Issued for Cash, shares					2,359,160		2,359,160
Common Stock Issued for account payable, Shares					25,000		25,000
Common Stock Issued for services, Shares					10,000		10,000
Common Stock Issued for note payable , Shares					24,414		24,414
Common stock, shares authorized				450,000,000			450,000,000		450,000,000
Net loss				$ (550,829)		$ (13,353)	$ (3,187,362)	$ (37,778)
Original amount							$ 34,180	$ 0
Warrant [Member]
Common stock exercise price per shares		$ 0.60
Warrants purchase shares of common stock		1,000,000
Average risk-free rate					5.48%		5.48%
Warrants Average expected life					7 months 2 days		7 months 2 days
Volatility					419.00%		419.00%
Value of warrants							$ 1,244,525
Series A Preferred Stock [Member]
Preferred Stock shares, Designated				1,000			1,000
Preferred stock, shares outstanding				1,000			1,000
2006 Equity Incentive Plan [Member]
Common stock, shares authorized				3,000,000.0			3,000,000.0
Available for issuance				3,000,000.0			3,000,000.0
Cloud Network Systems Inc [Member]
Conversion price, per share			$ 1.48
Issued of restricted shares			25,000
Issued of common stock for conversion of debt for cash			$ 12,500
Net loss			$ 24,500
Conversion Rate			$ (0.50)
Arnulfo Saucedo-Bardan [Member]
Conversion price, per share			$ 1.48
Issued of restricted shares			278,160
Issued of common stock for conversion of debt for cash			$ 139,080
Net loss			$ 272,597
Conversion Rate			$ (0.50)
Jamie Hadfield [Member]
Conversion price, per share	$ 1.48
Issued of restricted shares	24,414
Issued of common stock for conversion of debt for cash	$ 10,000
Net loss	$ 34,180
Interest Rate	12.00%
Conversion Rate	$ (0.50)
Mike Zaman [Member]
Conversion price, per share			$ 1.48
Issued of restricted shares			1,439,300
Issued of common stock for conversion of debt for cash			$ 719,650
Net loss			$ 1,410,514
Conversion Rate			$ (0.50)
Kenneth Bosket [Member]
Conversion price, per share			$ 1.48
Issued of restricted shares			301,700
Issued of common stock for conversion of debt for cash			$ 150,850
Net loss			$ 295,666
Conversion Rate			$ (0.50)
Vinoth Sambandam [Member]
Conversion price, per share			$ 1.48
Issued of restricted shares			10,000
Issued of common stock for conversion of debt for cash			$ 14,800
Net loss			9,800
Original amount			$ 5,000
Conversion Rate			$ (0.50)
Montse Zaman [Member]
Conversion price, per share			$ 1.48
Issued of restricted shares			340,000
Issued of common stock for conversion of debt for cash			$ 170,000
Net loss			$ 333,200
Conversion Rate			$ (0.50)

INCOME TAXES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
INCOME TAXES
Net operating loss	$ 1,583,128	$ 928,560
Valuation allowance	(1,583,128)	(928,560)
Net deferred tax asset	$ 0	$ 0

INCOME TAXES (Details Narrative) - USD ($)	6 Months Ended
INCOME TAXES (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
INCOME TAXES
Net operating loss carry forward	$ 7,538,707	$ 4,351,345
Corporate tax rate	21.00%

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($)		1 Months Ended
	Aug. 15, 2024	Jul. 31, 2024	Jul. 22, 2024
Mike Zaman Irrevocable Trust [Member]
Promissory note		$ 4,000	$ 1,500
Interest rate		12.00%	12.00%
Vast Capital [Member]
Promissory note	$ 4,000
Interest rate	12.00%

Crown Equity (PK) (USOTC:CRWE)
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Crown Equity (PK) (USOTC:CRWE)
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