10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended

March 31, 2019

OR

¨ 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 x

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	x
		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 x No ¨

As of February 19, 2020, the number of shares outstanding of the registrant’s class of common stock was 11,806,766.

 

TABLE OF CONTENTS

		Page
PART I: FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)	3
	Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 (Unaudited)	4
	Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2019 and 2018 (Unaudited)	5
	Condensed Consolidated Statements of Changes in Stockholders’ Deficit for the Three Months Ended March 31, 2019 and 2018 (Unaudited)	6
	Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2019 and 2018 (Unaudited)	7
	Notes to Condensed Consolidated Financial Statements (Unaudited)	8
Item 2.	Management’s Discussion and Analysis and Plan of Operation	18
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	19
Item 4T.	Controls and Procedures	19
PART II: OTHER INFORMATION
Item 1.	Legal Proceedings	20
Item 1A.	Risk Factors	20
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	20
Item 3.	Defaults upon Senior Securities	20
Item 4.	Mine Safety Information	20
Item 5.	Other Information	20
Item 6.	Exhibits	21
Signatures		22

2

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, 2018, 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.

3

Crown Equity Holdings Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31, 2019			Dec 31, 2018
	(Unaudited)
Assets
Current assets
Cash	$	1,580		$	13,294
Total Current Assets		1,580			13,294
Property and Equipment, net		53,050			50,565
Total Assets	$	54,630		$	63,859
Liabilities and Stockholders’ Deficit
Current liabilities
Accounts payable and accrued expenses	$	202,105		$	207,125
Accounts payable to related party		66,408			61,156
Deferred revenue – Related Party		50,000			50,000
Convertible notes payable to related parties, net of discount		20,869			13,040
Convertible notes payable, net of discount		-			8,498
Finance lease obligation, current		22,880			10,403
Total Current Liabilities		362,262			350,222
Non-Current liabilities
Finance lease obligation, long term		37,608			42,879
Total Liabilities		399,870			393,101
Stockholders’ deficit
Preferred Stock, 20,000,000 shares authorized, authorized at $0.001 par value, none issued or outstanding		-			-
Series A Convertible Preferred Stock, $0.001 par value, 1,000 shares authorized, 1,000 issued and outstanding		1			1
Common Stock, 450,000,000 authorized at $0.001 par value; 11,856,766 and 11,823,389 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively		11,856			11,823
Stock Payable		25,008			18,756
Additional paid-in capital		11,314,357			11,279,211
Accumulated deficit		(11,696,462	)		(11,639,033	)
Total stockholders’ deficit		(345,240	)		(329,242	)
Total liabilities and stockholders’ deficit	$	54,630		$	63,859

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

 

4

 

Crown Equity Holdings, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

For the Three Months Ended March 31, 2019 and 2018

(Unaudited)

	Three Months Ended
	March 31,
	2019			2018
Revenues	$	682		$	1,696
Revenues – Related Party		-			4,100
Total Revenues		682			5,796
Operating expenses
Depreciation		7,501			7,223
General and Administrative		33,453			28,007
Total Operating Expenses		40,954			35,230
Net Operating Loss		(40,272	)		(29,434	)
Other (expense) income
Interest expense		(4,839	)		(2,623	)
Amortization of beneficial conversion feature		(12,318	)		(3,200	)
Total other expense		(17,157	)		(5,823	)
Net loss	$	(57,429	)	$	(35,257	)
Net loss per common share – basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average number of common shares outstanding - basic and diluted		11,830,192			11,461,206

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

5

CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

(Unaudited)

For the Three Months Ended March 31, 2019

	Preferred Stock				Common Stock				Common Stock		Additional Paid-In		Accumulated			Total Stockholders'
	Shares		Amount		Shares		Amount		Payable		Capital		Deficit			(Deficit)
Balances at December 31, 2018		1,000	$	1		11,823,389	$	11,823	$	18,756	$	11,279,211	$	(11,639,033	)	$	(329,242	)
Notes Payable Converted to Common Stock		-		-		23,377		23				13,176		-			13,199
Common stock issued for cash		-		-		10,000		10				4,990		-			5,000
Common Stock Subscribed for services		-		-		-		-		6,252		-		-			6,252
Forgiveness of Interest – Related Party		-		-		-		-		-		9,282		-			9,282
Compensation Expense		-		-		-		-		-		7,698		-			7,698
Net loss		-		-		-		-				-		(57,429	)		(57,429	)
Balances at March 31, 2019		1,000	$	1		11,856,766	$	11,856	$	25,008	$	11,314,357	$	(11,696,462	)	$	(345,240	)
For the Three Months Ended March 31, 2018
										Common		Additional					Total
		Preferred Stock				Common Stock				Stock		Paid-In		Accumulated			Stockholders'
	Shares		Amount			Shares		Amount		Payable		Capital		Deficit			(Deficit)
Balance, December 31, 2017		1,000	$	1		11,461,137	$	11,461	$	-	$	11,029,958	$	(11,264,213	)	$	(222,793	)
Common stock issued for services		-		-		6,252		6				6,246		--			6,252
Debt Discount												5,235					5,235
Net loss		-		-		--		--				--		(35,257	)		(35,257	)
Balance, March 31, 2018		1,000	$	1		11,467,389	$	11,467	$	-	$	11,036,204	$	(11,299,470	)	$	(246,563	)

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements

6

Crown Equity Holdings, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended
	March 31,
	2019			2018
Cash flows from operating activities
Net loss	$	(57,429	)	$	(35,257	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash Compensation Expense		13,950			6,252
Depreciation		7,501			7,223
Amortization of beneficial conversion feature		12,318			3,200
Changes in operating assets and liabilities:
Accounts payable and accrued expenses – related party		5,252			10,309
Accounts payable and accrued expenses		5,708			2,809
Net cash (used in) operating activities		(12,700	)		(5,464	)
Cash used in financing activities
Cash flows from financing activities
Payments on convertible notes payable, related party		(1,300	)		(392	)
Borrowings from convertible notes payable, related party		-			2,235
Borrowings from convertible notes payable		-			3,000
Proceeds from Sale of Stock		5,000			-
Payments on notes payable		(2,714	)		-
Net cash provided by financing activities		986			4,843
Net increase (decrease) in cash		(11,714	)		(641	)
Cash, beginning of period		13,294			1,862
Cash, end of period	$	1,580		$	1,241
Supplemental disclosure of cash flow information
Interest paid	$	2,022		$	2,022
Income taxes paid		-			-
Non-Cash Transactions
Beneficial conversion feature discount on convertible notes	$	-		$	5,235
Forgiveness of Interest – Related Party		9,282			-
Purchase of fixed assets through finance lease		9,985			-
Debt converted to common stock		13,199			-

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

7

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 global online news and information source, as well as a global one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally.

Basis of Preparation

The accompanying consolidated 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 consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, the consolidated financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein.

Reclassifications

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

Adoption of New Accounting Standard

In February 2016, the FASB issued ASU 2017-02 “

Leases”,

which is codified in ASC 842 “

Leases”

and supersedes current lease guidance in ASC 840. These provisions require lessees to put a right-of-use asset and lease liability on their balance sheet for operating and financing leases that have a term of more than one year. Expense will be recognized in the income statement similar to current accounting guidance. For lessors, the ASU modifies the classification criteria and the accounting for sales-type and direct financing leases. Entities will need to disclose qualitative and quantitative information about their leases, including characteristics and amounts recognized in the financial statements. These provisions are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We adopted the provisions on January 1, 2019, including interim periods subsequent to the date of adoption. Entities are required to use a modified retrospective approach upon adoption to recognize and measure leases at the beginning of the earliest comparative period presented in the financial statements. Since all the leases were finance leases, there was no effect on the financial statements when ASC 842 was adopted.

In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements.

Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows.

8

Accounting Standards not yet Adopted

In June 2016, the FASB issued ASU 2016-13,

Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

(ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. ASU 2016-13 is effective for us in our first quarter of fiscal 2021, and earlier adoption is permitted beginning in the first quarter of fiscal 2020. We are currently evaluating the impact of our pending adoption of ASU 2016-13 on our consolidated 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 grant date, based on the fair value of the award and is recognized as expense over the requisite employee service period. The Company accounts for stock-based compensation to other than employees in accordance with ASC 505-50. Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company's common stock for common share issuances.

9

Revenue Recognition

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

1.	Identify the contract with the customer
	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.

5.

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

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

		March 31, 2019						March 31, 2018
	Third Party		Related Party		Total		Third Party		Related Party		Total
IT Services on Company Server	$	-	$	-	$	-	$	-	$	4,000	$	4,000
Click Based and Impressions Ads	$	122		-		122	$	805		-		805
Domain Registrations		10		-		10		5		-		5
Publishing and Distribution		550		-		550				100		100
Server	$	-	$	-	$	-	$	886	$	-	$	886
	$	682	$	-	$	682	$	1,696	$	4,100	$	5,796

Revenue is based on providing through the Company’s server services, Managed Information Technology, 24/7 support, which includes designing, developing, testing, maintaining functionality, infrastructure monitoring, managing and hosting, combined with revenue received from the display of click based and impressions ads located on the Company’s websites, domain name registration, publishing and distribution of news and press releases.

	March 31,		Dec 31,
	2019		2018
Deferred Revenue	$	50,000	$	50,000

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.

10

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, current aging status of the customer accounts, and financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of March 31, 2019 and December 31, 2018.

Risk Concentrations

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

In 2018, 68% of the Company’s revenues were received through a related party for Managed Information Technology services and 24/7 support which included designing, developing, testing, maintain functionality, infrastructure monitoring, managing, and hosting. 28% of the third-party revenues were from the displaying of click based and impressions ads located on the company’s websites. 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 2019 and 2018: Compensation expense, payroll expense, rent, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation and other administrative related expenses.

Property and Equipment

Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions 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 recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2019 or 2018.

Basic and Diluted Net (Loss) per Share

	Three Months March 31, 2019			Three Months March 31, 2018
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(57,429	)	$	(35,257	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(57,429	)	$	(35,257	)
Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		11,830,192			11,461,206
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.00	)
Diluted	$	(0.00	)	$	(0.00	)

11

When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the periods ended March 31, 2019 and 2018. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended March 31, 2019 is 113,377.

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 2018 and 2019 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of March 31,2019, and December 31, 2018, 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 March 31, 2019 and December 31, 2018:

	March 31, 2019			Dec 31, 2018
Net operating loss	$	409,295		$	399,821
Valuation allowance		(409,295	)		(369,821	)
Net deferred tax asset		-			-

Uncertain tax position

The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of March 31, 2019 and December 31, 2018.

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 consolidated financial statements.

Research and Development

The Company spent no money for research and development cost for the periods ended March 31, 2019 and December 31, 2018.

Advertising Cost

The Company spent $0 for advertisement for the periods ended March 31, 2019 and 2018.

12

NOTE 2 – GOING CONCERN

As shown in the accompanying condensed consolidated financial statements, Crown Equity has an accumulated deficit of $11,696,462 since its inception and had a working capital deficit of $360,682, negative cash flows from operations and limited business operations as of March 31, 2019. These conditions raise substantial doubt as to Crown Equity's ability to continue as a going concern. The consolidated 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 depreciates the assets over their useful lives of 3 to 7 years.

Property consists of the following at March 31, 2019 and December 31, 2018:

	March 31, 2019			Dec 31, 2018
Computers – 3 year estimated useful life	$	96,669		$	86,684
Less – Accumulated Depreciation		(43,619	)		(36,119	)
Property and Equipment, net	$	53,050		$	50,565

Depreciation has been provided over each asset’s estimated useful life. Depreciation expense was $7,501, and $7,223 for the three months ended March 31, 2019 and 2018, respectively.

NOTE 4 – FINANCE LEASES

During 2019 and 2018, the Company borrowed an aggregate $9,985 and $58,047 under the following third-party finance lease transactions:

¨ A $1,505 note from a third party for the lease of fixed assets, bearing interest at 17%, amortized over 36 months with monthly payments of $54. The lease has a bargain purchase option of $1 at the end of the lease term.

¨ A $56,542 note from a third party for the lease of fixed assets, bearing interest at 17%, amortized over 60 months with monthly payments of $1,186. The lease has a bargain purchase option of $1 at the end of the lease term.

¨ A $9,985 note from a third party for the lease of fixed assets, bearing interest at 22%, amortized over 24 months with monthly payments of $518. The lease has a bargain purchase option of $1 at the end of the lease term.

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

Assets	March 31, 2019
Leased equipment under finance lease,	$	96,669
less accumulated amortization		(43,619	)
Net	$	53,050

Liabilities	March 31, 2019
Obligations under finance lease (current)	$	22,880
Obligations under finance lease (noncurrent)		37,608
Total	$	60,488

13

Below is a reconciliation of leases to the financial statements.

	Finance Leases
Leased asset balance	$	53,050
Liability balance		60,488
Cash flow (operating)		—
Cash flow (financing)		2,714
Interest expense	$	1,144

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

Years ended December 31	Finance Leases
2019 *		15,822
2020		27,974
2021		15,938
2022		11,860
Thereafter		-
Total		71,594
Less: Imputed Interest		(11,106	)
Total Liability		60,488

____________ 

*Excludes three months ended March 31, 2019

Other information related to leases is as follows:

Lease Type	Weighted Average Remaining Term	Weighted Average Discount Rate (1)
Finance Leases	2.5 years		16	%

___________ 

(1) This discount rate is consistent with our borrowing rates from various lenders.

NOTE 5 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

During fiscal year ended 2018, third party convertible note payables of $8,531 were not settled for cash or through the issuance of common stock shares. During the three-month period of March 31, 2019, third party convertible note payables of $8, 531 and accrued interest of $1,513 and related party notes of $3,155 were converted at $0.50 per share.

As of March 31, 2019, and December 31, 2018, the Company had unamortized discount of $26,602 and $38,920 respectively.

14

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

	Original	Due	Interest			Conversion		Dec 31,
Name	Note Date	Date	Rate			Rate		2018
Related Party:
Mike Zaman	11/15/2017	11/15/2018		12	%	$	0.50		270
Mike Zaman	11/27/2017	11/27/2018		12	%	$	0.50		460
Mike Zaman	11/30/2017	11/30/2018		12	%	$	0.50		1,000
Mike Zaman	01/19/2018	01/19/2019		12	%	$	0.50		450
Montse Zaman	06/07/2018	06/07/2019		12	%	$	0.50		293
Munti Consulting LLC	10/03/2018	10/03/2019		10	%	$	0.50		35,000
Munti Consulting LLC	12/19/2018	12/19/2019		10	%	$	0.50		10,000
Total Convertible Related Party Notes Payable									47,473
Less: Debt Discount									(26,602	)
Convertible Notes Payable, net of Discount - Related Party									20,869

Munti Consulting, LLC

On October 3, 2018 and December 19, 2018, the Company entered into convertible promissory notes for with Munti Consulting, LLC for loans in the amounts of $35,000 and 10,000. The notes carry interest at 10% per annum. The holder has the right to convert principal of the notes and accrued interest into Common shares at a rate of $0.50 per share or receive cash. At the time of the issuance of these notes, the conversion price was less than the trading price of the stock. None of the notes were paid or converted as of the three-month period ending March 31, 2019 with the balance $45,000 owed.

Mike Zaman

On November 15, 2017, November 27, 2017, November 30, 2017 and January 19, 2018 the Company entered into convertible promissory notes with Mike Zaman for loans in the amount of $500, $460, $1,000 and $450, respectively. The balance on the $500 note was $268 on March 31, 2019. The notes carry interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares at a rate of $0.50 per share or receive cash. At the time of the issuance of these notes, the conversion price was less than the trading price of the stock. $1,300 of the notes were paid and none of the remaining notes were converted as of March 31, 2019 and had a balance of $2,180 at March 31, 2019.

Montse Zaman

On June 7, 2018, the Company entered into convertible promissory note with Montse Zaman for loan in the amount of $760. The balance on the note is $293.The notes carry interest at 12% per annum. The holder has the right to convert principal of the notes and accrued interest into Common shares at a rate of $0.50 per share or receive cash. At the time of the issuance of these notes, the conversion price was less than the trading price of the stock. The notes mature on June 7, 2019 and have not been fully paid or converted as of March 31, 2019 and had a balance of $293 at March 31, 2019.

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 lease of $395 a month, on a month to month basis and can be cancelled at any time. The Company reevaluates their obligation at the end of each quarter and determines if they will continue paying the lease on a month to month basis. The payment of this lease was terminated in February 2020

15

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.

OCHC LLC total notes payable of $3,155 was converted to restricted shares of common stock during March of 2019 at a rate of $0.50 per share, as stated within the terms of the agreement.

As of March 31, 2019, the Company’s forgiveness of interest for related party was $9,282.

On January 8, 2019, Mr. Cantor resigned. On December 18, 2019, his 300,000 restricted shares of common stock was returned to the Company.

As of March 31, 2019, the company has $50,000 related party deferred revenue for nine months of Advertising services for client in July 1, 2018 through April 1, 2019.

The Company is periodically advanced operating funds from related parties with convertible notes payable. During the three months ended March 31, 2019, there were no convertible notes from related parties. The Company is also periodically advanced funds to cover account payables by direct payment of the account payables from related parties. As of March 31, 2019, the Company has a balance of $66,408 of accounts payable with related parties.

NOTE 8 – STOCK HOLDERS’ DEFICIT

Common Stock

The shares for cash proceeds were sold at the price of fifty cents $0.50 per share on the date of grant. Shares issued for notes were converted into shares of Common Stock at a conversion rate of fifty cents ($.50) per share per dollar ($1.00) owed. $6,252 common shares for services were committed to Vinoth Sambandam for issuance, and is reflected in the stockholders’ equity section as Common Stock Payable

During the three months ending March 31, 2019, the Company issued the following:

¨ 10,000 common shares for cash proceeds of $5,000,

¨ 23,377 shares issued for conversion of $13,199 in notes. The notes were converted in accordance with the terms of the note and the Company recorded no gain or loss on the conversions.

Equity Incentive Plan

The Company’s 2006 Equity Incentive Plan, as amended and restated (the “Equity Incentive Plan”), provides for grants of stock options as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 3.0 million shares were available for issuance as of March 31, 2019.

Preferred Stock

The Company has designated 1,000 shares of its preferred stock as Series A Preferred Stock. Each share of Series A Preferred shall have no dividend, voting or other rights except for the right to elect Class I Directors. As of March 31, 2019, the Company has 1,000 shares of Series A Preferred Stock outstanding

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.

16

The Company did not have taxable income during 2019.

The Company's deferred tax assets consisted of the following as of March 31, 2019 and December 31, 2018:

	2019			2018
Net operating loss	$	409,295		$	399,821
Valuation allowance		(409,295	)		(399,821	)
Net deferred tax asset	$	-		$	-

As of March 31, 2019, and December 31, 2018, the Company's accumulated net operating loss carry forward was approximately $1,949,022 and $1,903,911 respectively and will begin to expire in the year 2032. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%.

2014 Federal income tax returns have not been examined and reported upon by the Internal Revenue Service; returns of the years since 2014 are still open.

NOTE 10 – SUBSEQUENT EVENTS

Subsequent March 31, 2019, the company cancelled 300,000 shares and issued an additional 250,000 shares of common stock, subsequent to March 31, 2019, as follows:

160,000 shares of common stock issued for cash proceeds of $80,000 at the price of $0.50 per share on the date of grant, and 90,000 shares for the conversion of notes payable of $45,000 at $0.50 per share

The notes have 10% annual interest, due within one year and convertible at $0.50 per share.

Notes converted subsequent to March 31, 2019 are as follows:

On May 24, 2019, two notes from Munti Consulting, LLC on October 2, 2018 for $35,000 and December 19, 2018 for $10,000 were converted. Shares issued were 70,000 and 20,000, respectively. The notes were converted within the terms of the agreement.

Sales of Company stock subsequent to March 31, 2019 are as follows:

On April 23, 2019, Glen J. Rineer purchased 6,000 shares of Company stock for the purchase price of $3,000.

On April 30, 2019, May 31, 2019, July 1, 2019, August 1, 2019 and September 3, 2019 Munti Consulting, LLC paid $10,000 each month respectively for a total purchase price of $50,000 for 100,000 shares of Company stock.

On May 10, 2019, Brian D. Colvin resigned as director and Vice President, as well as Arnulfo Saucedo-Bardan resigned as director and Chief Operating Officer. Montse Zaman appointed Chief Operating Officer as she maintains her Secretary/Treasurer position.

On December 18, 2019, the company received 300,000 shares for cancelation from Steve Cantor, which was sent to transfer agent for cancellation January 3, 2020

On November 26, 2019, Richard LeAndro paid $2,000 for 4,000 shares of the Company and Willy Ariel Saint-Hilaire paid $5,000 for 10,000 shares.

On January 3, 2020 Willey Ariel Saint-Halaire purchased 40,000 shares of Company stock for $20,000.

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

Management has evaluated subsequent events as of the date of the Consolidated Financial Statements and has determined that all events are disclosed herein.

17

ITEM 2: MANAGEMENT’S DISCUSSION AND ANALYSIS

The following discussion and analysis should be read in conjunction with our Consolidated 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, 2018, 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.

As of March 31, 2019, Crown Equity had no paid employees and was utilizing the services of one independent contractor and two officers, Kenneth Bosket and Arnulfo Saucedo-Bardan.in the amount of $500 and $350 respectively.

RESULTS OF OPERATIONS

Three Months Ended March 31, 2019 Compared to the Three Months Ended March 31, 2018

For the three months ended March 31, 2019, revenues were $682 and $5,796 for the same period in 2018.

The decrease in revenues was due to the loss of a related party client that we provided Company’s Managed Information Technology (IT) services and support to, which included designing, developing, testing, maintain functionality, infrastructure monitoring, managing, and hosting.

Operating expenses were $40,954 for the three months ended March 31, 2019 and $35,230 for the same period in 2018. Other income and expenses for the three months ended March 31, 2019 were other expenses of $17,157 and other expenses of $5,823 for the same quarter in 2018. The increase was due to interest expense being $2,216 higher and the $12,318 of amortization of the beneficial conversion feature related for the convertible notes issued for which there was $3,200 in 2018.

Interest expense for the three months ended March 31, 2019 and 2018 was $4,839 and $2,623, respectively.

18

LIQUIDITY AND CAPITAL RESOURCES

As of March 31, 2019, Crown Equity had current assets of $1,580 and current liabilities of $362,262 resulting in working capital deficit of $360,682. Net cash used by operating activities for the three months ended March 31, 2019 was $12,700 compared to net cash used of $5,464 for the same period in 2018. The increase in operating cash used resulted from an increase in our net loss of approximately $95,000, offset mainly by an increase in the non-cash compensation of $13,950, and increase in amortization of a beneficial conversion feature of $12,318.

Net cash used in investing activities was zero for the three months ended March 31, 2019 and 2018.

Net cash provided by financing activities during the three months ended March 31, 2019 was $986 compared to net cash provided of $4,843 in 2018. For the three months ended March 31, 2019, we paid$1,300 on related party notes payable and $2,714 on third party notes payable. We also sold $5,000 of common stock for cash. During the three months ended March 31, 2018, we borrowed $5,235 on notes and repaid $392 on notes payable.

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 requires 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.

19

PART II – OTHER INFORMATION

ITEM 1: LEGAL PROCEEDINGS.

For information regarding legal proceedings, see Note 7, “Commitments and Contingencies – Legal Matters” in the Notes to our Condensed Consolidated Financial Statements set forth in Part I, Item 1 of this Quarterly Report on Form 10-Q, which is incorporated herein by reference.

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, 2018.

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

During the three months ended March 31, 2019, Crown Equity 33,377 issued shares for cash and notes.

ITEM 3: DEFAULTS UPON SENIOR SECURITIES.

None

ITEM 4: MINE SAFETY INFORMATION.

None

ITEM 5: OTHER INFORMATION.

None

20

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 **	XBRL Instance Document
101.SCH **	XBRL Taxonomy Extension Schema Document
101.CAL **	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF **	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB **	XBRL Taxonomy Extension Label Linkbase Document
101.PRE **	XBRL Taxonomy Extension Presentation Linkbase Document

____________ 

** 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.

21

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: February 20, 2020	By:	/s/ Mike Zaman
		Mike Zaman, CEO
	By:	/s/ Kenneth Bosket
		Kenneth Bosket, CFO

22

EX-31.1

EXHIBIT 31.1

FORM OF CERTIFICATION

PURSUANT TO RULE 13a-14 AND 15d-14

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

CERTIFICATION

I, Mike Zaman, certify that:

1.	I have reviewed this March 31, 2019 quarterly report on Form 10-Q of Crown Equity Holdings Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: February 20, 2020	By:	/s/ Mike Zaman
		Mike Zaman
		Chief Executive Officer

EX-31.2

EXHIBIT 31.2

FORM OF CERTIFICATION

PURSUANT TO RULE 13a-14 AND 15d-14

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

CERTIFICATION

I, Kenneth Bosket, certify that:

1.	I have reviewed this March 31, 2019 quarterly report on Form 10-Q of Crown Equity Holdings Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: February 20, 2020	By:	/s/ Kenneth Bosket
		Kenneth Bosket
		Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATIONS PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

In connection with the Quarterly Report of Crown Equity Holdings Inc. on Form 10-Q for the quarterly period ended March 31, 2019, as filed with the Securities and Exchange Commission (the "Report), Mike Zaman, Chief Executive Officer of the Company, does hereby certify, pursuant to § 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. §1350), that to his knowledge:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

Date: February 20, 2020	By:	/s/ Mike Zaman
		Mike Zaman
		Chief Executive Officer

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

EX-32.2

EXHIBIT 32.2

CERTIFICATIONS PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)

In connection with the Quarterly Report of Crown Equity Holdings Inc. on Form 10-Q for the quarterly period ended March 31, 2019, as filed with the Securities and Exchange Commission (the "Report), Kenneth Bosket, Chief Financial Officer of the Company, does hereby certify, pursuant to § 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. §1350), that to his knowledge:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

Date: February 20, 2020	By:	/s/ Kenneth Bosket
		Kenneth Bosket
		Chief Financial Officer

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

XML

GOING CONCERN (Details Narrative) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
GOING CONCERN (Details Narrative)
Accumulated deficit	$ (11,696,462)	$ (11,639,033)
Working capital deficit	$ (360,682)

XML

FINANCE LEASES (Tables)

3 Months Ended

Mar. 31, 2019

FINANCE LEASES (Tables)

Schedule of future minimum lease payments

Years ended December 31	Finance Leases
2019 *		15,822
2020		27,974
2021		15,938
2022		11,860
Thereafter		-
Total		71,594
Less: Imputed Interest		(11,106	)
Total Liability		60,488

Schedule of net book value of finance lease

Assets	March 31, 2019
Leased equipment under finance lease,	$	96,669
less accumulated amortization		(43,619	)
Net	$	53,050

Liabilities	March 31, 2019
Obligations under finance lease (current)	$	22,880
Obligations under finance lease (noncurrent)		37,608
Total	$	60,488

Schedule of reconciliation of leases to the financial

	Finance Leases
Leased asset balance	$	53,050
Liability balance		60,488
Cash flow (operating)		—
Cash flow (financing)		2,714
Interest expense	$	1,144

Schedule of information related to lease

Lease Type	Weighted Average Remaining Term	Weighted Average Discount Rate (1)
Finance Leases	2.5 years		16	%

XML

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 1)
Deferred Revenue	$ 50,000	$ 50,000

XML

INCOME TAXES (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
INCOME TAXES
Net operating loss	$ 409,295	$ 399,821
Valuation allowance	(409,295)	(399,821)
Net deferred tax asset

XML

GOING CONCERN

3 Months Ended

Mar. 31, 2019

GOING CONCERN

NOTE 2 -GOING CONCERN

As shown in the accompanying condensed consolidated financial statements, Crown Equity has an accumulated deficit of $11,696,462 since its inception and had a working capital deficit of $360,682, negative cash flows from operations and limited business operations as of March 31, 2019. These conditions raise substantial doubt as to Crown Equity's ability to continue as a going concern. The consolidated 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.

XML

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Revenues	$ 682	$ 1,696
Revenues - Related Party		4,100
Total Revenues	682	5,796
Operating expenses
Depreciation	7,501	7,223
General and Administrative	33,453	28,007
Total Operating Expenses	40,954	35,230
Net Operating Loss	(40,272)	(29,434)
Other (expense) income
Interest expense	(4,839)	(2,623)
Amortization of beneficial conversion feature	(12,318)	(3,200)
Total other expense	(17,157)	(5,823)
Net loss	$ (57,429)	$ (35,257)
Net loss per common share - basic and diluted	$ (0.00)	$ (0.00)
Weighted average number of common shares outstanding - basic and diluted	11,830,192	11,461,206

XML

FINANCE LEASES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Due to related party	$ 9,985	$ 58,047
Capital Leases One [Member]
Interest rate	17.00%
Amortization period	36 months
Monthly payments	$ 54
Bargain purchase option	1
Note payable	$ 1,505
Capital Lease Two [Member]
Interest rate	17.00%
Amortization period	60 months
Monthly payments	$ 1,186
Bargain purchase option	1
Note payable	$ 56,542
Capital Lease Three [Member]
Interest rate	22.00%
Amortization period	24 months
Monthly payments	$ 518
Bargain purchase option	1
Note payable	$ 9,985

XML

FINANCE LEASES (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
FINANCE LEASES (Details)
Leased equipment under finance lease	$ 96,669
less accumulated amortization	(43,619)
Net	53,050
Liabilities
Obligations under finance lease (current)	22,880	$ 10,403
Obligations under finance lease (noncurrent)	37,608
Total	$ 60,488

XML

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Jan. 08, 2019	Dec. 31, 2018
Forgiveness of interest,related party	$ 9,282
Deferred revenue related party	50,000		$ 50,000
Accounts payable to related party	66,408		$ 61,156
Mr. Cantor [Member] | Restricted Stock [Member]
Return of shares on resignation of related party		300,000
OCHC LLC [Member] | Restricted Stock [Member]
Debt Conversion, Converted Instrument, Amount	$ 3,155
Debt converted, shares issued, share price	$ 0.50

XML

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2019

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 lease of $395 a month, on a month to month basis and can be cancelled at any time. The Company reevaluates their obligation at the end of each quarter and determines if they will continue paying the lease on a month to month basis. The payment of this lease was terminated in February 2020.

XML

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2019

SUBSEQUENT EVENTS

NOTE 10 - SUBSEQUENT EVENTS

Subsequent March 31, 2019, the company cancelled 300,000 shares and issued an additional 250,000 shares of common stock, subsequent to March 31, 2019, as follows:

160,000 shares of common stock issued for cash proceeds of $80,000 at the price of $0.50 per share on the date of grant, and 90,000 shares for the conversion of notes payable of $45,000 at $0.50 per share

The notes have 10% annual interest, due within one year and convertible at $0.50 per share.

Notes converted subsequent to March 31, 2019 are as follows:

On May 24, 2019, two notes from Munti Consulting, LLC on October 2, 2018 for $35,000 and December 19, 2018 for $10,000 were converted. Shares issued were 70,000 and 20,000, respectively. The notes were converted within the terms of the agreement.

Sales of Company stock subsequent to March 31, 2019 are as follows:

On April 23, 2019, Glen J. Rineer purchased 6,000 shares of Company stock for the purchase price of $3,000.

On April 30, 2019, May 31, 2019, July 1, 2019, August 1, 2019 and September 3, 2019 Munti Consulting, LLC paid $10,000 each month respectively for a total purchase price of $50,000 for 100,000 shares of Company stock.

On May 10, 2019, Brian D. Colvin resigned as director and Vice President, as well as Arnulfo Saucedo-Bardan resigned as director and Chief Operating Officer. Montse Zaman appointed Chief Operating Officer as she maintains her Secretary/Treasurer position.

On December 18, 2019, the company received 300,000 shares for cancelation from Steve Cantor, which was sent to transfer agent for cancellation January 3, 2020

On November 26, 2019, Richard LeAndro paid $2,000 for 4,000 shares of the Company and Willy Ariel Saint-Hilaire paid $5,000 for 10,000 shares.

On January 3, 2020 Willey Ariel Saint-Halaire purchased 40,000 shares of Company stock for $20,000.

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

Management has evaluated subsequent events as of the date of the Consolidated Financial Statements and has determined that all events are disclosed herein.

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Feb. 19, 2020
Document And Entity Information
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	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	No
Document Period End Date	Mar. 31, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Entity Common Stock Shares Outstanding		11,806,766
EntityFileNumber	000-29935
EntityAddressAddressLine1	11226 Pentland Downs Street,
EntityAddressPostalZipCode	89141
EntityTaxIdentificationNumber	330677140
EntityAddressCityOrTown	Las Vegas
LocalPhoneNumber	683-8946
CityAreaCode	702
EntityAddressStateOrProvince	NEVADA

XML

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT (Unaudited) - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Common Stock Payable [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance, shares at Dec. 31, 2017		1,000	11,461,137
Balance, amount at Dec. 31, 2017	$ (222,793)	$ 1	$ 11,461		$ 11,029,958	$ (11,264,213)
Common stock issued for services, shares			6,252
Common stock issued for services, amount	6,252		$ 6		6,246
Debt Discount	5,235				5,235
Net loss	(35,257)					$ (35,257)
Forgiveness of Interest - Related Party
Balance, shares at Mar. 31, 2018		1,000	11,467,389
Balance, amount at Mar. 31, 2018	$ (246,563)	$ 1	$ 11,467		$ 11,036,204	$ (11,299,470)
Balance, shares at Dec. 31, 2018		1,000	11,823,389
Balance, amount at Dec. 31, 2018	$ (329,242)	$ 1	$ 11,823	$ 18,756	$ 11,279,211	$ (11,639,033)
Net loss	(57,429)					(57,429)
Notes Payable Converted to Common Stock, shares			23,377
Notes Payable Converted to Common Stock, amount	13,199		$ 23		13,176
Common stock issued for cash, shares			10,000
Common stock issued for cash, amount	5,000		$ 10		4,990
Common Stock Subscribed for services	6,252			6,252
Forgiveness of Interest - Related Party	9,282				9,282
Compensation Expense	$ 7,698				$ 7,698
Balance, shares at Mar. 31, 2019		1,000	11,856,766
Balance, amount at Mar. 31, 2019	$ (345,240)	$ 1	$ 11,856	$ 25,008	$ 11,314,357	$ (11,696,462)

XML

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2019

PROPERTY AND EQUIPMENT

NOTE 3 -PROPERTY AND EQUIPMENT

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

Property consists of the following at March 31, 2019 and December 31, 2018:

	March 31, 2019			Dec 31, 2018
Computers – 3 year estimated useful life	$	96,669		$	86,684
Less – Accumulated Depreciation		(43,619	)		(36,119	)
Property and Equipment, net	$	53,050		$	50,565

Depreciation has been provided over each asset’s estimated useful life. Depreciation expense was $7,501, and $7,223 for the three months ended March 31, 2019 and 2018, respectively.

XML

COMMITMENTS AND CONTINGENCIES (Details Narrative) - Automobile lease [Member]	3 Months Ended
	Mar. 31, 2019 USD ($)
Monthly payment	$ 395
Termination period of payments	The payment of this lease was terminated in February 2020.

XML

FINANCE LEASES (Details 3) - Finance Leases [Member]	Mar. 31, 2019
Weighted Average Remaining Term	2 years 6 months
Weighted Average Discount Rate (1)	16.00%

XML

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Depreciation	$ 7,501	$ 7,223
Capitalized property	$ 1,000
Minimum [Member]
Assets estimated useful life	3 years
Maximum [Member]
Assets estimated useful life	7 years

XML

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2019

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.

OCHC LLC total notes payable of $3,155 was converted to restricted shares of common stock during March of 2019 at a rate of $0.50 per share, as stated within the terms of the agreement.

As of March 31, 2019, the Company’s forgiveness of interest for related party was $9,282.

On January 8, 2019, Mr. Cantor resigned. On December 18, 2019, his 300,000 restricted shares of common stock was returned to the Company.

As of March 31, 2019, the company has $50,000 related party deferred revenue for nine months of Advertising services for client in July 1, 2018 through April 1, 2019.

The Company is periodically advanced operating funds from related parties with convertible notes payable. During the three months ended March 31, 2019, there were no convertible notes from related parties. The Company is also periodically advanced funds to cover account payables by direct payment of the account payables from related parties. As of March 31, 2019, the Company has a balance of $66,408 of accounts payable with related parties.

XML

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2019

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (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 global online news and information source, as well as a global one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally.

Basis of Preparation

The accompanying consolidated 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 consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, the consolidated financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein.

Reclassifications

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

Adoption of New Accounting Standard

In February 2016, the FASB issued ASU 2017-02 “

Leases”,

which is codified in ASC 842 “

Leases”

and supersedes current lease guidance in ASC 840. These provisions require lessees to put a right-of-use asset and lease liability on their balance sheet for operating and financing leases that have a term of more than one year. Expense will be recognized in the income statement similar to current accounting guidance. For lessors, the ASU modifies the classification criteria and the accounting for sales-type and direct financing leases. Entities will need to disclose qualitative and quantitative information about their leases, including characteristics and amounts recognized in the financial statements. These provisions are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We adopted the provisions on January 1, 2019, including interim periods subsequent to the date of adoption. Entities are required to use a modified retrospective approach upon adoption to recognize and measure leases at the beginning of the earliest comparative period presented in the financial statements. Since all the leases were finance leases, there was no effect on the financial statements when ASC 842 was adopted.

In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements.

Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows.

Accounting Standards not yet Adopted

In June 2016, the FASB issued ASU 2016-13,

Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

(ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. ASU 2016-13 is effective for us in our first quarter of fiscal 2021, and earlier adoption is permitted beginning in the first quarter of fiscal 2020. We are currently evaluating the impact of our pending adoption of ASU 2016-13 on our consolidated 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 grant date, based on the fair value of the award and is recognized as expense over the requisite employee service period. The Company accounts for stock-based compensation to other than employees in accordance with ASC 505-50. Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company's common stock for common share issuances.

Revenue Recognition

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

1.	Identify the contract with the customer
	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.

5.

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

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

		March 31, 2019						March 31, 2018
	Third Party		Related Party		Total		Third Party		Related Party		Total
IT Services on Company Server	$	-	$	-	$	-	$	-	$	4,000	$	4,000
Click Based and Impressions Ads	$	122		-		122	$	805		-		805
Domain Registrations		10		-		10		5		-		5
Publishing and Distribution		550		-		550				100		100
Server	$	-	$	-	$	-	$	886	$	-	$	886
	$	682	$	-	$	682	$	1,696	$	4,100	$	5,796

Revenue is based on providing through the Company’s server services, Managed Information Technology, 24/7 support, which includes designing, developing, testing, maintaining functionality, infrastructure monitoring, managing and hosting, combined with revenue received from the display of click based and impressions ads located on the Company’s websites, domain name registration, publishing and distribution of news and press releases.

	March 31,		Dec 31,
	2019		2018
Deferred Revenue	$	50,000	$	50,000

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, current aging status of the customer accounts, and financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of March 31, 2019 and December 31, 2018.

Risk Concentrations

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

In 2018, 68% of the Company’s revenues were received through a related party for Managed Information Technology services and 24/7 support which included designing, developing, testing, maintain functionality, infrastructure monitoring, managing, and hosting. 28% of the third-party revenues were from the displaying of click based and impressions ads located on the company’s websites. 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 2019 and 2018: Compensation expense, payroll expense, rent, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation and other administrative related expenses.

Property and Equipment

Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions 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 recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2019 or 2018.

Basic and Diluted Net (Loss) per Share

	Three Months March 31, 2019			Three Months March 31, 2018
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(57,429	)	$	(35,257	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(57,429	)	$	(35,257	)
Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		11,830,192			11,461,206
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.00	)
Diluted	$	(0.00	)	$	(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 March 31, 2019 and 2018. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended March 31, 2019 is 113,377.

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 2018 and 2019 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of March 31,2019, and December 31, 2018, 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 March 31, 2019 and December 31, 2018:

	March 31, 2019			Dec 31, 2018
Net operating loss	$	409,295		$	399,821
Valuation allowance		(409,295	)		(369,821	)
Net deferred tax asset		-			-

Uncertain tax position

The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of March 31, 2019 and December 31, 2018.

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 consolidated financial statements.

Research and Development

 The Company spent no money for research and development cost for the periods ended March 31, 2019 and December 31, 2018.

Advertising Cost

The Company spent $0 for advertisement for the periods ended March 31, 2019 and 2018.

XML

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Tables)

3 Months Ended

Mar. 31, 2019

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Tables)

Schedule of Convertible Notes Payable

	Original	Due	Interest			Conversion		Dec 31,
Name	Note Date	Date	Rate			Rate		2018
Related Party:
Mike Zaman	11/15/2017	11/15/2018		12	%	$	0.50		270
Mike Zaman	11/27/2017	11/27/2018		12	%	$	0.50		460
Mike Zaman	11/30/2017	11/30/2018		12	%	$	0.50		1,000
Mike Zaman	01/19/2018	01/19/2019		12	%	$	0.50		450
Montse Zaman	06/07/2018	06/07/2019		12	%	$	0.50		293
Munti Consulting LLC	10/03/2018	10/03/2019		10	%	$	0.50		35,000
Munti Consulting LLC	12/19/2018	12/19/2019		10	%	$	0.50		10,000
Total Convertible Related Party Notes Payable									47,473
Less: Debt Discount									(26,602	)
Convertible Notes Payable, net of Discount - Related Party									20,869

XML

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$ (57,429)	$ (35,257)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$ (57,429)	$ (35,257)
Denominator:
Weighted average common and common equivalent shares outstanding - basic and diluted	11,830,192	11,461,206
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$ (0.00)	$ (0.00)
Diluted	$ (0.00)	$ (0.00)

XML

PROPERTY AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
PROPERTY AND EQUIPMENT
Computers	$ 96,669	$ 86,684
Less - Accumulated Depreciation	(43,619)	(36,119)
Property and Equipment, net	$ 53,050	$ 50,565

XML

STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Shares issued upon conversion of debt, shares	90,000
Preferred stock, shares outstanding	0		0
Common stock, shares authorized	450,000,000		450,000,000
2006 Equity Incentive Plan [Member]
Common stock, shares authorized	3,000,000
Common stock, shares reserved for future issuance	3,000,000
Series A Preferred Stock [Member]
Preferred stock, designated shares	1,000
Preferred stock, shares outstanding	1,000
Vinoth Sambandam [Member]
Stock Issued, Shares, Issued for Services	6,252
Common stock issued for services, shares	$ 0.50
Common Stock [Member]
Shares issued for cash	10,000
Shares issued for cash, Amount	$ 5,000
Shares issued upon conversion of debt, shares	23,377
Shares issued upon conversion of debt, amount	$ 13,199
Stock Issued, Shares, Issued for Services		6,252

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Stockholders' deficit
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	11,856,766	11,823,389
Common stock, shares outstanding	11,856,766	11,823,389
Series A Convertible Perferred Stock [Member]
Stockholders' deficit
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

XML

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2019

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

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 global online news and information source, as well as a global one stop shop for various distinct products and services. The Company also offers services to companies seeking to become public entities in the United States, as well as providing various consulting services to companies and individuals dealing with corporate structure and operations globally.

Basis of Preparation

The accompanying consolidated 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 consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”). In the opinion of management, the consolidated financial statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein.

Reclassifications

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

Adoption of New Accounting Standard

In February 2016, the FASB issued ASU 2017-02 “

Leases”,

which is codified in ASC 842 “

Leases”

and supersedes current lease guidance in ASC 840. These provisions require lessees to put a right-of-use asset and lease liability on their balance sheet for operating and financing leases that have a term of more than one year. Expense will be recognized in the income statement similar to current accounting guidance. For lessors, the ASU modifies the classification criteria and the accounting for sales-type and direct financing leases. Entities will need to disclose qualitative and quantitative information about their leases, including characteristics and amounts recognized in the financial statements. These provisions are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We adopted the provisions on January 1, 2019, including interim periods subsequent to the date of adoption. Entities are required to use a modified retrospective approach upon adoption to recognize and measure leases at the beginning of the earliest comparative period presented in the financial statements. Since all the leases were finance leases, there was no effect on the financial statements when ASC 842 was adopted.

In June 2018, the FASB issued ASU No. 2018-07, Compensation—Stock Compensation, to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current US GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update is effective for annual financial reporting periods, and interim periods within those annual periods, beginning after December 15, 2018, although early adoption is permitted. The Company adopted the standard effective January 1, 2019 and found the adoption did not have a material effect on our financial statements.

Crown Equity does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows.

Accounting Standards not yet Adopted

In June 2016, the FASB issued ASU 2016-13,

Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

(ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. ASU 2016-13 is effective for us in our first quarter of fiscal 2021, and earlier adoption is permitted beginning in the first quarter of fiscal 2020. We are currently evaluating the impact of our pending adoption of ASU 2016-13 on our consolidated 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 grant date, based on the fair value of the award and is recognized as expense over the requisite employee service period. The Company accounts for stock-based compensation to other than employees in accordance with ASC 505-50. Equity instruments issued to other than employees are valued at the earlier of a commitment date or upon completion of the services, based on the fair value of the equity instruments and is recognized as expense over the service period. The Company estimates the fair value of share-based payments using the Black-Scholes option-pricing model for common stock options and the closing price of the company's common stock for common share issuances.

Revenue Recognition

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

1.	Identify the contract with the customer
	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.

5.

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

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

		March 31, 2019						March 31, 2018
	Third Party		Related Party		Total		Third Party		Related Party		Total
IT Services on Company Server	$	-	$	-	$	-	$	-	$	4,000	$	4,000
Click Based and Impressions Ads	$	122		-		122	$	805		-		805
Domain Registrations		10		-		10		5		-		5
Publishing and Distribution		550		-		550				100		100
Server	$	-	$	-	$	-	$	886	$	-	$	886
	$	682	$	-	$	682	$	1,696	$	4,100	$	5,796

Revenue is based on providing through the Company’s server services, Managed Information Technology, 24/7 support, which includes designing, developing, testing, maintaining functionality, infrastructure monitoring, managing and hosting, combined with revenue received from the display of click based and impressions ads located on the Company’s websites, domain name registration, publishing and distribution of news and press releases.

	March 31,		Dec 31,
	2019		2018
Deferred Revenue	$	50,000	$	50,000

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, current aging status of the customer accounts, and financial condition of our customers. The Company does not generally require collateral for our accounts receivable. There were no accounts receivable and allowance for doubtful accounts as of March 31, 2019 and December 31, 2018.

Risk Concentrations

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

In 2018, 68% of the Company’s revenues were received through a related party for Managed Information Technology services and 24/7 support which included designing, developing, testing, maintain functionality, infrastructure monitoring, managing, and hosting. 28% of the third-party revenues were from the displaying of click based and impressions ads located on the company’s websites. 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 2019 and 2018: Compensation expense, payroll expense, rent, travel and entertainment, legal and accounting, utilities, web sites, office expenses, depreciation and other administrative related expenses.

Property and Equipment

Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions 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 recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is determined based on either expected future cash flows at a rate we believe incorporates the time value of money. No indications of impairments were identified in 2019 or 2018.

Basic and Diluted Net (Loss) per Share

	Three Months March 31, 2019			Three Months March 31, 2018
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(57,429	)	$	(35,257	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(57,429	)	$	(35,257	)
Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		11,830,192			11,461,206
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.00	)
Diluted	$	(0.00	)	$	(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 March 31, 2019 and 2018. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended March 31, 2019 is 113,377.

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 2018 and 2019 will be 21%. Crown Equity recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax basis of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. As of March 31,2019, and December 31, 2018, 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 March 31, 2019 and December 31, 2018:

	March 31, 2019			Dec 31, 2018
Net operating loss	$	409,295		$	399,821
Valuation allowance		(409,295	)		(369,821	)
Net deferred tax asset		-			-

Uncertain tax position

The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of March 31, 2019 and December 31, 2018.

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 consolidated financial statements.

Research and Development

The Company spent no money for research and development cost for the periods ended March 31, 2019 and December 31, 2018.

Advertising Cost

The Company spent $0 for advertisement for the periods ended March 31, 2019 and 2018.

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PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2019

PROPERTY AND EQUIPMENT

Schedule of property plant and equipment

	March 31, 2019			Dec 31, 2018
Computers – 3 year estimated useful life	$	96,669		$	86,684
Less – Accumulated Depreciation		(43,619	)		(36,119	)
Property and Equipment, net	$	53,050		$	50,565

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NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

3 Months Ended

Mar. 31, 2019

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

NOTE 5 -NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

During fiscal year ended 2018, third party convertible note payables of $8,531 were not settled for cash or through the issuance of common stock shares. During the three-month period of March 31, 2019, third party convertible note payables of $8, 531 and accrued interest of $1,513 and related party notes of $3,155 were converted at $0.50 per share.

As of March 31, 2019, and December 31, 2018, the Company had unamortized discount of $26,602 and $38,920 respectively.

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

	Original	Due	Interest			Conversion		Dec 31,
Name	Note Date	Date	Rate			Rate		2018
Related Party:
Mike Zaman	11/15/2017	11/15/2018		12	%	$	0.50		270
Mike Zaman	11/27/2017	11/27/2018		12	%	$	0.50		460
Mike Zaman	11/30/2017	11/30/2018		12	%	$	0.50		1,000
Mike Zaman	01/19/2018	01/19/2019		12	%	$	0.50		450
Montse Zaman	06/07/2018	06/07/2019		12	%	$	0.50		293
Munti Consulting LLC	10/03/2018	10/03/2019		10	%	$	0.50		35,000
Munti Consulting LLC	12/19/2018	12/19/2019		10	%	$	0.50		10,000
Total Convertible Related Party Notes Payable									47,473
Less: Debt Discount									(26,602	)
Convertible Notes Payable, net of Discount - Related Party									20,869

Munti Consulting, LLC

On October 3, 2018 and December 19, 2018, the Company entered into convertible promissory notes for with Munti Consulting, LLC for loans in the amounts of $35,000 and 10,000. The notes carry interest at 10% per annum. The holder has the right to convert principal of the notes and accrued interest into Common shares at a rate of $0.50 per share or receive cash. At the time of the issuance of these notes, the conversion price was less than the trading price of the stock. None of the notes were paid or converted as of the three-month period ending March 31, 2019 with the balance $45,000 owed.

Mike Zaman

On November 15, 2017, November 27, 2017, November 30, 2017 and January 19, 2018 the Company entered into convertible promissory notes with Mike Zaman for loans in the amount of $500, $460, $1,000 and $450, respectively. The balance on the $500 note was $268 on March 31, 2019. The notes carry interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares at a rate of $0.50 per share or receive cash. At the time of the issuance of these notes, the conversion price was less than the trading price of the stock. $1,300 of the notes were paid and none of the remaining notes were converted as of March 31, 2019 and had a balance of $2,180 at March 31, 2019.

Montse Zaman

On June 7, 2018, the Company entered into convertible promissory note with Montse Zaman for loan in the amount of $760. The balance on the note is $293.The notes carry interest at 12% per annum. The holder has the right to convert principal of the notes and accrued interest into Common shares at a rate of $0.50 per share or receive cash. At the time of the issuance of these notes, the conversion price was less than the trading price of the stock. The notes mature on June 7, 2019 and have not been fully paid or converted as of March 31, 2019 and had a balance of $293 at March 31, 2019.

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INCOME TAXES

3 Months Ended

Mar. 31, 2019

INCOME TAXES

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 2019.

The Company's deferred tax assets consisted of the following as of March 31, 2019 and December 31, 2018:

	2019			2018
Net operating loss	$	409,295		$	399,821
Valuation allowance		(409,295	)		(399,821	)
Net deferred tax asset	$	-		$	-

As of March 31, 2019, and December 31, 2018, the Company's accumulated net operating loss carry forward was approximately $1,949,022 and $1,903,911 respectively and will begin to expire in the year 2032. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%.

2014 Federal income tax returns have not been examined and reported upon by the Internal Revenue Service; returns of the years since 2014 are still open.

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NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Dec. 19, 2018	Oct. 03, 2018
Total Convertible Related Party Notes Payable	$ 3,155
Convertible Notes Payable [Member]
Total Convertible Related Party Notes Payable		47,473
Less: Debt Discount		(26,602)
Convertible Notes Payable, net of Discount - Related Party		$ 20,869
Convertible Notes Payable [Member] | Mike Zaman [Member]
Original Note Date		Nov. 15, 2017
Note payable		$ 270
Conversion Rate		$ 0.50
Interest Rate		12.00%
Due Date		Nov. 15, 2018
Convertible Notes Payable [Member] | Mike Zaman One [Member]
Original Note Date		Nov. 27, 2017
Note payable	$ 2,180	$ 460
Conversion Rate		$ 0.50
Interest Rate	12.00%	12.00%
Due Date		Nov. 27, 2018
Convertible Notes Payable [Member] | Mike Zaman Three [Member]
Original Note Date		Nov. 30, 2017
Note payable		$ 1,000
Conversion Rate		$ 0.50
Interest Rate		12.00%
Due Date		Nov. 30, 2018
Convertible Notes Payable [Member] | Mike Zaman Four [Member]
Original Note Date		Jan. 19, 2018
Note payable		$ 450
Conversion Rate		$ 0.50
Interest Rate		12.00%
Due Date		Jan. 19, 2019
Convertible Notes Payable [Member] | Montse Zaman [Member]
Original Note Date		Jun. 07, 2018
Note payable		$ 293
Conversion Rate		$ 0.50
Interest Rate		12.00%
Due Date		Jun. 07, 2019
Convertible Notes Payable [Member] | Munti Consulting LLC [Member]
Original Note Date		Oct. 03, 2018
Note payable		$ 35,000
Conversion Rate		$ 0.50
Interest Rate		10.00%
Due Date		Oct. 03, 2019

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FINANCE LEASES (Details 1)	3 Months Ended
	Mar. 31, 2019 USD ($)
FINANCE LEASES (Details 1)
Leased asset balance	$ 53,050
Liability balance	60,488
Cash flow (operating)
Cash flow (financing)	2,714
Interest expense	$ 1,144

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NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
IT Services on Company Server		$ 4,000
Click Based and Impressions Ads	122	805
Domain Registrations	10	5
Publishing and Distribution	550	100
Server		886
Total sales	682	5,796
Third Party [Member]
IT Services on Company Server
Click Based and Impressions Ads	122	805
Domain Registrations	10	5
Publishing and Distribution	550
Server		886
Total sales	682	1,696
Related Party [Member]
IT Services on Company Server		4,000
Click Based and Impressions Ads
Domain Registrations
Publishing and Distribution		100
Server
Total sales		$ 4,100

XML

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Mar. 31, 2019 USD ($) shares
State of incorporation	Nevada
Date of Incorporation	Aug. 31, 1995
Percentage of income tax realization benefit	50.00%
Advertisement expense | $	$ 0
Number of anti-dilutive shares excluded | shares	113,377
Click Based And Impressions Ads [Member]
Percentage of revenues received	28.00%
Managed Information Technology Services [Member]
Percentage of revenues received	68.00%

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INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
INCOME TAXES
Accumulated net operating loss carry forward	$ 1,949,022	$ 1,903,911
Description of expiration of operating loss carryforwards	Will begin to expire in the year 2032

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INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2019

INCOME TAXES (Tables)

Schedule of Deferred Tax

	2019			2018
Net operating loss	$	409,295		$	399,821
Valuation allowance		(409,295	)		(399,821	)
Net deferred tax asset	$	-		$	-

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NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 3) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 3)
Net operating loss	$ 409,295	$ 399,821
Valuation allowance	(409,295)	(369,821)
Net deferred tax asset

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SUBSEQUENT EVENTS (Details Narrative) - USD ($)			1 Months Ended									3 Months Ended
	Sep. 03, 2019	Oct. 02, 2018	Jan. 03, 2020	Dec. 18, 2019	Nov. 26, 2019	Aug. 01, 2019	Jul. 01, 2019	May 31, 2019	Apr. 30, 2019	Apr. 23, 2019	Dec. 19, 2018	Mar. 31, 2019	Dec. 31, 2018
Common stock shares issued, amount												$ 45,000
Common stock debt conversion shares issued, Shares												90,000
Common stock debt conversion shares issued, conversion price												$ 0.50
Common stock additional shares issued, shares												450,000,000	450,000,000
Common stock shares issued, amount												$ 5,000
Subsequent Event [Member]
Common shares, cancelled												$ 300,000
Convertible preferred stock, terms of conversion												The notes have 10% annual interest, due within one year and convertible at $0.50 per share.
Common stock shares issued, shares												160,000
Common stock additional shares issued, shares												250,000
Common stock shares issued, amount												$ 80,000
Subsequent Event [Member] | Willy Ariel Saint-Hilaire [Member]
Common stock purchased shares, Shares			40,000		10,000
Common stock purchased shares, Amount			$ 20,000		$ 5,000
Subsequent Event [Member] | Richard LeAndro [Member]
Common stock purchased shares, Shares					4,000
Common stock purchased shares, Amount					$ 2,000
Subsequent Event [Member] | Steve Cantor [Member] | January 3, 2020 [Member]
Common shares, cancelled				$ 300,000
Subsequent Event [Member] | Munti Consulting [Member]
Common stock debt conversion shares issued, Shares		70,000									20,000
Common stock purchased shares, Shares												100,000
Common stock purchased shares, Amount	$ 10,000					$ 10,000	$ 10,000	$ 10,000	$ 10,000			$ 50,000
Common stock debt conversion shares issued, Amount		$ 35,000									$ 10,000
Subsequent Event [Member] | Glen J. Rineer [Member]
Common stock purchased shares, Shares										6,000
Common stock purchased shares, Amount										$ 3,000

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current assets
Cash	$ 1,580	$ 13,294
Total Current Assets	1,580	13,294
Property and Equipment, net	53,050	50,565
Total Assets	54,630	63,859
Current liabilities
Accounts payable and accrued expenses	202,105	207,125
Accounts payable to related party	66,408	61,156
Deferred revenue - Related Party	50,000	50,000
Convertible notes payable to related parties, net of discount	20,869	13,040
Convertible notes payable, net of discount		8,498
Finance lease obligation, current	22,880	10,403
Total Current Liabilities	362,262	350,222
Non-Current liabilities
Finance lease obligation, long term	37,608	42,879
Total Liabilities	399,870	393,101
Stockholders' deficit
Preferred Stock value
Common Stock, 450,000,000 authorized at $0.001 par value; 11,856,766 and 11,823,389 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	11,856	11,823
Stock Payable	25,008	18,756
Additional paid-in capital	11,314,357	11,279,211
Accumulated deficit	(11,696,462)	(11,639,033)
Total stockholders' deficit	(345,240)	(329,242)
Total liabilities and stockholders' deficit	54,630	63,859
Series A Preferred Stock [Member]
Stockholders' deficit
Preferred Stock value	$ 1	$ 1

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net loss	$ (57,429)	$ (35,257)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash Compensation Expense	13,950	6,252
Depreciation	7,501	7,223
Amortization of beneficial conversion feature	12,318	3,200
Changes in operating assets and liabilities:
Accounts payable and accrued expenses - related party	5,252	10,309
Accounts payable and accrued expenses	5,708	2,809
Net cash (used in) operating activities	(12,700)	(5,464)
Cash flows from investing activities
Cash flows from financing activities
Payments on convertible notes payable, related party	(1,300)	(392)
Borrowings from convertible notes payable, related party		2,235
Borrowings from convertible notes payable		3,000
Proceeds from Sale of Stock	5,000
Payments on notes payable	(2,714)
Net cash provided by financing activities	986	4,843
Net increase (decrease) in cash	(11,714)	(641)
Cash, beginning of period	13,294	1,862
Cash, end of period	1,580	1,241
Supplemental disclosure of cash flow information
Interest paid	2,022	2,022
Income taxes paid
Non-Cash Transactions
Beneficial conversion feature discount on convertible notes		5,235
Forgiveness of Interest - Related Party	9,282
Purchase of fixed assets through finance lease	9,985
Debt converted to common stock	$ 13,199

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FINANCE LEASES

3 Months Ended

Mar. 31, 2019

FINANCE LEASES

NOTE 4 - FINANCE LEASES

During 2019 and 2018, the Company borrowed an aggregate $9,985 and $58,047 under the following third-party finance lease transactions:

¨ A $1,505 note from a third party for the lease of fixed assets, bearing interest at 17%, amortized over 36 months with monthly payments of $54. The lease has a bargain purchase option of $1 at the end of the lease term.

¨ A $56,542 note from a third party for the lease of fixed assets, bearing interest at 17%, amortized over 60 months with monthly payments of $1,186. The lease has a bargain purchase option of $1 at the end of the lease term.

¨ A $9,985 note from a third party for the lease of fixed assets, bearing interest at 22%, amortized over 24 months with monthly payments of $518. The lease has a bargain purchase option of $1 at the end of the lease term.

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

Assets	March 31, 2019
Leased equipment under finance lease,	$	96,669
less accumulated amortization		(43,619	)
Net	$	53,050

Liabilities	March 31, 2019
Obligations under finance lease (current)	$	22,880
Obligations under finance lease (noncurrent)		37,608
Total	$	60,488

Below is a reconciliation of leases to the financial statements.

	Finance Leases
Leased asset balance	$	53,050
Liability balance		60,488
Cash flow (operating)		—
Cash flow (financing)		2,714
Interest expense	$	1,144

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

Years ended December 31	Finance Leases
2019 *		15,822
2020		27,974
2021		15,938
2022		11,860
Thereafter		-
Total		71,594
Less: Imputed Interest		(11,106	)
Total Liability		60,488

____________

*Excludes three months ended March 31, 2019

Other information related to leases is as follows:

Lease Type	Weighted Average Remaining Term	Weighted Average Discount Rate (1)
Finance Leases	2.5 years		16	%

___________

(1) This discount rate is consistent with our borrowing rates from various lenders.

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STOCK HOLDERS DEFICIT

3 Months Ended

Mar. 31, 2019

STOCK HOLDERS DEFICIT

NOTE 8 - STOCK HOLDERS' DEFICIT

Common Stock

The shares for cash proceeds were sold at the price of fifty cents $0.50 per share on the date of grant. Shares issued for notes were converted into shares of Common Stock at a conversion rate of fifty cents ($.50) per share per dollar ($1.00) owed. $6,252 common shares for services were committed to Vinoth Sambandam for issuance, and is reflected in the stockholders’ equity section as Common Stock Payable

During the three months ending March 31, 2019, the Company issued the following:

¨ 10,000 common shares for cash proceeds of $5,000,

¨ 23,377 shares issued for conversion of $13,199 in notes. The notes were converted in accordance with the terms of the note and the Company recorded no gain or loss on the conversions.

Equity Incentive Plan

The Company’s 2006 Equity Incentive Plan, as amended and restated (the “Equity Incentive Plan”), provides for grants of stock options as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 3.0 million shares were available for issuance as of March 31, 2019.

Preferred Stock

The Company has designated 1,000 shares of its preferred stock as Series A Preferred Stock. Each share of Series A Preferred shall have no dividend, voting or other rights except for the right to elect Class I Directors. As of March 31, 2019, the Company has 1,000 shares of Series A Preferred Stock outstanding.

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NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2019

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables)

schedule of Sales recognized promised

		March 31, 2019						March 31, 2018
	Third Party		Related Party		Total		Third Party		Related Party		Total
IT Services on Company Server	$	-	$	-	$	-	$	-	$	4,000	$	4,000
Click Based and Impressions Ads	$	122		-		122	$	805		-		805
Domain Registrations		10		-		10		5		-		5
Publishing and Distribution		550		-		550				100		100
Server	$	-	$	-	$	-	$	886	$	-	$	886
	$	682	$	-	$	682	$	1,696	$	4,100	$	5,796

schedule ofrevenue received from the display of click based and impressions

	March 31,		Dec 31,
	2019		2018
Deferred Revenue	$	50,000	$	50,000

schedule of Basic and Diluted Net (Loss) per Share

	Three Months March 31, 2019			Three Months March 31, 2018
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(57,429	)	$	(35,257	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(57,429	)	$	(35,257	)
Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		11,830,192			11,461,206
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.00	)
Diluted	$	(0.00	)	$	(0.00	)

Schedule of deferred tax assets

	March 31, 2019			Dec 31, 2018
Net operating loss	$	409,295		$	399,821
Valuation allowance		(409,295	)		(369,821	)
Net deferred tax asset		-			-

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NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Dec. 19, 2018	Oct. 03, 2018	Jun. 07, 2018	Jan. 19, 2018	Nov. 30, 2017	Nov. 27, 2017	Nov. 15, 2017
Convertible note payables related party	$ 8,531	$ 8,531
Related party notes converted, Amount	$ 3,155
Related party notes converted in common stock, per share	$ 0.50
Accrued interest	$ 1,513
Debt discount resulting from convertible notes
Unamortized discount	26,602	38,920
Convertible Notes Payable [Member]
Related party notes converted, Amount		$ 47,473
Convertible Notes Payable [Member] | Mike Zaman 1 [Member]
Loan amount	$ 268					$ 450	$ 1,000	$ 460	$ 500
Interest Rate	12.00%	12.00%
Common stock price per share						$ 0.50	$ 0.50	$ 0.50	$ 0.50
Payment of note	$ 1,300
Note payable	2,180	$ 460
Convertible Notes Payable [Member] | Munti Consulting LLC [Member] | On October 3, 2018 and December 19, 2018 [Member]
Loan amount	$ 45,000		$ 10,000	$ 35,000
Interest Rate		10.00%
Common stock price per share		$ 0.50
Convertible Promissory Note [Member] | Montse Zaman [Member]
Loan amount					$ 760
Interest Rate	12.00%
Common stock price per share					$ 0.50
Note payable	$ 293
Maturity date	Jun. 07, 2019

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FINANCE LEASES (Details 2) - Finance Leases [Member]	Mar. 31, 2019 USD ($)
2019	$ 15,822
2020	27,974
2021	15,938
2022	11,860
Thereafter
Total	71,594
Less: Imputed Interest	(11,106)
Total Liability	$ 60,488