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

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended June 30, 2023

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

For the transition period from ___________ to ____________

Commission File Number 000-29935

CROWN EQUITY HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Nevada

33-0677140

(State or other jurisdiction of

incorporation or organization)

(IRS Employer

Identification No.)

11226 Pentland Downs Street, Las Vegas, NV 89141

(Address of principal executive offices)

(702) 683-8946

(Issuer's telephone number)

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

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

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

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

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

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

As of August 10, 2023, the number of shares outstanding of the registrant's class of common stock was 13,385,047.

TABLE OF CONTENTS

		Page
PART I: FINANCIAL INFORMATION

Item 1.	Financial Statements (Unaudited)	3
	Condensed Consolidated Balance Sheets as of June 30, 2023 (Unaudited) and December 31, 2022 (Audited)	4
	Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2023 and 2022 (Unaudited)	5
	Condensed Consolidated Statements of Changes in Stockholders' Deficit for the Three and Six Months Ended June 30, 2023 and 2022 (Unaudited)	6
	Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2023 and 2022 (Unaudited)	7
	Notes to Condensed Consolidated Financial Statements (Unaudited)	8

Item 2.	Management's Discussion and Analysis and Plan of Operation	19

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	21

Item 4T.	Controls and Procedures	21

PART II: OTHER INFORMATION		22

Item 1.	Legal Proceedings	22

Item 1A.	Risk Factors	22

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

Item 3.	Defaults upon Senior Securities	22

Item 4.	Mine Safety Information	22

Item 5.	Other Information	22

Item 6.	Exhibits	23

Signatures		24

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PART I. FINANCIAL INFORMATION

DEFINITIONS

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

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

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

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

	·	the inability to carry out plans and strategies as expected

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

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

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

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

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

	·	a general reduction in the demand for our services;

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

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

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

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

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

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CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	June 30, 2023			December, 31, 2022

Current assets
Cash	$	3,165		$	2,930
Total Current Assets		3,165			2,930
Property and Equipment, net		515			2,507
Total Assets	$	3,680		$	5,437

Liabilities and Stockholders' Deficit
Current liabilities
Accounts payable and accrued expenses	$	145,954		$	145,630
Accounts payable and accrued expenses to related party		1,204,830			1,208,740
Notes payable to related parties		38,800			9,500
Convertible notes payable to related parties, net of debt discount		30,900			19,028
Note payable short-term debt		1,305			2,870
Total Current Liabilities		1,421,789			1,385,768

Total Liabilities		1,421,789			1,385,768

Stockholders' deficit
Preferred Stock, 20,001,000 shares authorized, authorized at $0.001 par value, none issued or outstanding		-			-
Series A Convertible Preferred Stock, $0.001 par value, 1,000 shares authorized, 1,000 issued and outstanding at June 30, 2023 and December 31, 2022		1			1
Common Stock, 450,000,000 authorized at $0.001 par value; and 13,385,047 and 13,385,047 shares issued and outstanding at June 30, 2023 and December 31, 2022		13,384			13,384
Additional paid-in capital		12,763,126			12,763,126
Accumulated deficit		(14,194,620	)		(14,156,842	)
Total stockholders' deficit		(1,418,109	)		(1,380,331	)
Total liabilities and stockholders' deficit	$	3,680		$	5,437

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

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CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2023			2022			2023			2022

Revenue	$	-		$	413		$	-		$	557
Revenue – related party		-			2,150			-			2,150
Total Revenue		-			2,563			-			2,707

Operating expenses
Depreciation		996			2,216			1,992			4,043
General and Administrative		12,010			122,547			34,314			250,464
Total Operating Expenses		13,006			124,763			36,306			254,507
Net Operating Income (Loss)		(13,006	)		(122,200	)		(36,206	)		(251,800	)

Other (expense)
Interest expense		(347	)		(872	)		(1,472	)		(1,438	)
Gain (Loss) on Stocks Held or Sold		-			(80,717	)		-			(252,568	)
Other Income (Expense)		-			(1,095	)					(4,616	)
Total other expense		(347	)		(82,684	)		(1,472	)		(258,622	)
Net (loss)	$	(13,353	)	$	(204,884	)	$	(37,778	)	$	(510,422	)

Net (loss) per common share – basic and diluted	$	(0.00	)	$	(0.02	)	$	(0.00	)	$	(0.04	)
Weighted average number of common shares outstanding - basic and diluted		13,385,047			13,343,741			13,385,047			13,333,692

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

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CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 and 2022

(Unaudited)

For the Three Months Ended June 30, 2023

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

For the Three Months Ended June 30, 2022

	Preferred Stock				Common Stock				Additional Paid-In		Accumulated			Total Stockholders'
	Shares		Amount		Shares		Amount		Capital		Deficit			(Deficit)

Balances at March 31, 2022		1,000	$	1		13,338,642	$	13,338	$	12,739,970	$	(13,722,405	)	$	(969,096	)
Common Stock issued for cash		-		-		8,000		8		3,992		-			4,000
Rounding		-		-		-		-		-
Net loss		-		-								(204,884	)		(204,884	)
Balances at June 30, 2022		1,000	$	1		13,346,642	$	13,346	$	12,743,962	$	(13,927,289	)	$	(1,169,980	)

For the Six Months Ended June 30, 2023

									Additional					Total
	Preferred Stock				Common Stock				Paid-In		Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Capital		(Deficit)			(Deficit)
Balances at December 31, 2022		1,000	$	1		13,385,047	$	13,384	$	12,763,126	$	(14,156,842	)	$	(1,380,331	)
Net loss		-		-								(37,778	)		(37,778	)
Balances at June 30, 2023		1,000	$	1		13,385,047	$	13,384	$	12,763,126	$	(14,194,620	)	$	(1,418,109	)

For the Six Months Ended June 30, 2022

	Preferred Stock				Common Stock				Common Stock		Additional Paid-In		Accumulated			Total Stockholders'
	Shares		Amount		Shares		Amount		Payable		Capital		Deficit			(Deficit)

Balances at December 31, 2021		1,000	$	1		13,318,642	$	13,318		-	$	12,729,990	$	(13,416,867	)	$	(673,558	)
Common Stock issued for cash		-		-		28,000		28		-		13,972		-			14,000
Net loss		-		-										(510,422	)		(510,422	)
Balances at June 30, 2022		1,000	$	1		13,346,642	$	13,346		-	$	12,743,962	$	(13,927,289	)	$	(1,169,980	)

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

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CROWN EQUITY HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Six Months Ended
	June 30,
	2023			2022

Cash flows from operating activities
Net (loss)	$	(37,778	)	$	(510,422	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		1,992			4,043
Loss (gain) on brokerage account		-			252,568
Loss on investment		-			4,616
Changes in operating assets and liabilities
Accounts payable and accrued expenses – related party		(3,910	)		198,900
Accounts payable and accrued expenses		324			(484	)
Net cash (used in) operating activities		(39,372	)		(50,779	)

Cash flows from investing activities
Cash (transfer to) withdrawn from brokerage account		0			37,000
Net cash provided by investing activities		0			37,000

Cash flows from financing activities
Borrowings from convertible notes payable, related party		14,600			0
Payments on convertible notes payable, related party		(2,728	)		(4,812	)
Borrowings from notes payable, related party		29,300			14,500
Proceeds from Sale of Stock		-			14,000
Principal payments on debt		(1,565	)		(7,611	)
Net cash provided by financing activities		39,607			16,077

Net increase (decrease) in cash		235			2,298

Cash, beginning of period		2,930			4,320

Cash, end of period	$	3,165		$	6,618

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

NONCASH INVESTING AND FINANCING ACTIVITIES:
Repayments on Margin loan Brokerage account	$	-		$	263,151

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

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CROWN EQUITY HOLDINGS, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Nature of Business

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

On January 27, 2020, the Company re-acquired from American Video Teleconferencing Corp. (AVOT) the online business iB2BGlobal.com, since it had not received the shares promised during the original sale.

Basis of Preparation

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

Reclassifications

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

Adoption of New Accounting Standard

In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13), which requires measurement and recognition of expected credit losses for financial assets held. The Company adopted ASU 2016-13 in its first quarter of fiscal 2023 and found the adoption did not have a material effect or significant impact on its financial statements.

Use of Estimates

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

Cash and Cash Equivalents

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

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Stock-Based Compensation

The Company accounts for stock-based compensation to employees in accordance with ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at the grant date, based on the fair value of the award, and is recognized as expense over the requisite employee service period. 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

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

	2.	Identify the performance obligations in the contract

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

	3.	Determine the transaction price

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

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

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

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

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

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

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

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	Six Months Ended June 30, 2023						Six Months Ended June 30, 2022
	Third Party		Related Party		Total		Third Party		Related Party		Total
Advertising	$	-	$	-	$	-	$	-	$	-	$	-
Accounting		-		-		-				2,000		2,000
Click Based and Impressions Ads		-		-		-		247		-		247
Publishing and Distribution		-		-		-		310		150		460
Server		-		-		-		-		-		-
	$	-	$	-	$	-	$	557	$	2,150	$	2,707

There was not any revenue earned during the six-months period ending June 30, 2023.

	June 30,		June 30,
	2023		2022

Deferred Revenue	$	-	$	-

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

Accounts Receivable and Allowance for Doubtful Accounts

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

Risk Concentrations

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

During the six-month period ending June 30, 2023, the Company did not receive any revenues from its available services.

General and Administrative Expenses

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

Property and Equipment

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

Impairment of Long-Lived Assets

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

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Basic and Diluted Net (Loss) per Share

	Six Months June 30, 2023			Six Months June 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(37,778	)	$	(510,422	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(37,778	)	$	(510,422	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,333,692

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.04	)
Diluted	$	(0.00	)	$	(0.04	)

	Three Months June 30, 2023			Three Months June 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(13,333	)	$	(204,884	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(13,333	)	$	(204,884	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,333,692

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.04	)
Diluted	$	(0.00	)	$	(0.04	)

When an entity has a net loss, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized basic shares outstanding to calculate both basic and diluted loss per share for the periods ended June 30, 2023, and 2022. The number of potential anti-dilutive shares excluded from the calculation shares for the period ended June 30, 2023 is 21,485,067 and June 30, 2022 was 21,400,000.

Income Taxes

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

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The Company's deferred tax assets consisted of the following as of June 30, 2023 and December 31, 2022:

	June 30, 2023			Dec 31, 2022
Net operating loss	$	916,586		$	908,653
Valuation allowance		(916,586	)		(908,653	)
Net deferred tax asset		-			-

Uncertain Tax Position

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

Fair Value of Financial Instruments

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

Research and Development

The Company spent no money for research and development costs during the periods ended June 30, 2023 and December 31, 2022.

Advertising Cost

The Company spent $0 on advertising during the periods ended June 30, 2023 and June 30, 2022.

NOTE 2 – GOING CONCERN

As shown in the accompanying condensed consolidated financial statements, Crown Equity has an accumulated deficit of $14,194,620 since its inception and had a working capital deficit of $1,418,624, negative cash flows from operations and limited business operations as of June 30, 2023. These conditions raise substantial doubt as to Crown Equity's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if Crown Equity is unable to continue as a going concern.

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

NOTE 3 – PROPERTY AND EQUIPMENT

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

Property consists of the following on June 30, 2023 and December 31, 2022:

	June 30, 2023			Dec 31, 2022
Computers – 3 year estimated useful life	$	108,622			108,622
Less – Accumulated Depreciation		(108,107	)		(106,115	)
Property and Equipment, net	$	515			2,507

Depreciation has been provided over each asset's estimated useful life. Depreciation expenses were $1,992, and $4,043 for the six months ended June 30, 2023 and 2022 respectively.

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NOTE 4 – INVESTMENT TRADING SECURITIES AND MARGIN LOANS

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

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

NOTE 5 – FINANCE LEASES

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

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

	·	A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.60% amortized over 36 months with payments of $219.

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

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

Assets	June 30, 2023
Leased equipment under finance lease,	$	73,883
less accumulated amortization		(73,368	)
Net	$	515

Liabilities	June 30, 2023
Obligations under finance lease (current)	$	1,305
Obligations under finance lease (noncurrent)		-
Total	$	1,305

Below is a reconciliation of leases to the financial statements.

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

Years ended December 31	Finance Leases
2023		1,395
Thereafter		-
Total		1,395
Less: Imputed Interest		(90	)
Total Liability		1,305

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NOTE 6 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

As of June 30, 2023, and December 31, 2022, the Company had unamortized discount of $0 and $0, respectively.

The Company analyzed the convertible notes for derivatives noting none.

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

Related Party Notes Payable:
Willy A. Saint-Hilaire	02/28/2022	02/28/2023		12	%		4,500
Mohammad Sadrolashrafi	11/17/2022	11/17/2023		12	%		5,000
Mike Zaman Irrevocable Trust	03/23/2023	03/23/2024		12	%		18,000
Mike Zaman Irrevocable Trust	05/08/2023	05/08/2024		12	%		5,800
Mike Zaman Irrevocable Trust	06/02/2023	06/02/2024		12	%		2,500
Mike Zaman Irrevocable Trust	06/20/2023	06/20/2024		12	%		3,000
Total Related Party Notes Payable							38,800
Related Party Convertible Notes Payable:
Willy A. Saint-Hilaire	04/06/2021	04/06/2022		12	%		-
Willy A. Saint-Hilaire	04/16/2021	04/16/2022		12	%		-
Willy A. Saint-Hilaire	04/21/2021	04/21/2022		12	%		800
Willy A. Saint-Hilaire	04/30/2021	04/30/2022		15.15	%		2,750
Willy A. Saint-Hilaire	05/04/2021	05/04/2022		15.15	%		750
Jamie Hadfield	04/07/2022	04/07/2023		12	%		10,000
Mike Zaman Irrevocable Trust	12/25/2022	12/25/2023		12	%		2,000
Mike Zaman	01/11/2023	01/11/2024		12	%		1,100
Mike Zaman Irrevocable Trust	01/23/2023	01/23/2024		12	%		2,500
Mike Zaman Irrevocable Trust	01/31/2023	01/31/2024		12	%		1,000
Mike Zaman Irrevocable Trust	02/14/2023	02/14/2024		12	%		10,000
Total Convertible Related Party Notes Payable							30,900
Less: Debt Discount							0
Convertible Notes Payable, net of Discount - Related Party							30,900

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

Willy A. Saint-Hilaire

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

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

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

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

On May 4, 2021, the Company entered into a convertible promissory note with Willy A. Saint-Hilaire in the amount of $750 at an interest rate of 15.15%. As of June 30, 2023, the principal balance on this note was $750.

On February 28, 2022, the Company entered into a promissory note with Willy A. Saint-Hilaire in the amount of $4,500 at an interest rate of 0 %. On September 15, 2022, the interest for the note was amended to 12%. As of June 30, 2023, the principal balance on this note was $4,500.

Mohammad Sadrolashrafi

On November 17, 2022, the Company entered into a promissory note with Mohammad Sadrolashrafi in the amount of $5,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $5,000.

Jamie Hadfield

On April 7, 2022, the Company entered into a convertible promissory note with Jamie Hadfield in the amount of $10,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $10,000.

Mike Zaman Irrevocable Trust

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

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

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

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

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

On May 08, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $5,800 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $5,800.

On June 02, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $2,500 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $2,500.

On June 20, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $3,000 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $3,000.

Mike Zaman

On January 11, 2023, the Company entered into a convertible promissory note with Mike Zaman in the amount of $1,100 at an interest rate of 12%. As of June 30, 2023, the principal balance on this note was $1,100.

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NOTE 7 – COMMITMENTS AND CONTINGENCIES

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

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

The Company entered into an agreement, effective January 1, 2020, to pay Arnulfo Saucedo-Bardan $5,000 per month for website development, design maintenance and other IT services and solutions. On June 30, 2022 the Company owed Mr. Saucedo-Bardan $130,700. As of June 30, 2023, Arnulfo is owed $140,090.

NOTE 8 – RELATED PARTY TRANSACTIONS

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

The Company periodically advanced operating funds from related parties with convertible notes payable. As of June 30, 2023, total convertible notes and non-convertible notes from related parties were $38,800 and $30,900 respectively. The Company periodically advanced funds to cover account payables by direct payment of the account payables from related parties.

NOTE 9 – STOCK HOLDERS' DEFICIT

Common Stock

During the six months ending June 30, 2023, the Company issued the following:

The Company did not issue any shares of common stock.

Equity Incentive Plan

The Company's 2006 Equity Incentive Plan, as amended and restated (the "Equity Incentive Plan"), provides for grants of stock options as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which 3.0 million shares were available for issuance as of June 30, 2023.

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Preferred Stock

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

Warrants Issued

The following is a summary of the Company's warrant activity during the six-month periods ended June 30, 2023 and 2022:

	Number of		Exercise
	Warrants		Price
Balance, January 1, 2023		21,400,000	$	0.60
Issued		-		-
Exercised		-		-
Forfeited		-		-
Balance, June 30, 2023		21,400,000	$	0.60

	Number of		Exercise
	Warrants		Price
Balance, January 1, 2022		21,400,000	$	0.60
Issued		-		-
Exercised		-		-
Forfeited		-		-

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

NOTE 10 – INCOME TAXES

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

The Company did not have taxable income during 2022.

The Company's deferred tax assets consisted of the following as of June 30, 2023, and December 31, 2022:

	June 31, 2023			December 31, 2022
Net operating loss	$	916,586		$	908,653
Valuation allowance		(916,586	)		(908,653	)
Net deferred tax asset	$	-		$	-

As of June 30, 2023, and December 31, 2022, the Company's accumulated net operating loss carry forward was approximately $4,364,697, and $4,326,920 respectively and will begin to expire in the year 2032. The deferred tax assets have been adjusted to reflect the recently enacted corporate tax rate of 21%.

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NOTE 11 – SUBSEQUENT EVENTS

On July 12, 2023, Michael Sheikh was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On July 18, 2023, the Company entered into a promissory note with Mike Zaman in the amount of $15,000 at an interest rate of 12%.

On August 01, 2023, Dana Salzarulo was issued a warrant at a price of 0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On August 04, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $12,000 at an interest rate of 12%.

On August 07, 2023, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

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ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS

The following discussion and analysis should be read in conjunction with our Financial Statements and the notes thereto, set forth in Item 8. "Financial Statements" as set forth in our Annual Report on Form 10-K for the year ended December 31, 2021, 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 June 30, 2023, Crown Equity has 3 employees and utilized the services of one independent contractor and the following three officers, Mike Zaman, Kenneth Bosket, and Montse Zaman.

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RESULTS OF OPERATIONS

Three months ended June 30, 2023, Compared to the Three months ended June 30, 2022

For the three months ended June 30, 2023, revenues were $0 and $2,563 for the same period in 2022.

Revenues for the three month period ended June 30, 2023 were lower compared to the same period in 2022, which is due to there being no revenue earned through any of the services offered by the Company, such as advertising, click based and impressions ads on the Company’s web sites, as well as the publishing, and distribution of press releases from businesses, in addition to the use of the company’s server services. Since the discovery of some software server functioning errors, the Company is presently performing assessments and corrections with its findings, being that it is the primary source for its services offered.

Operating expenses were $13,006 for the three months ended June 30, 2023 compared to $124,763 for the same period in 2022, which was primarily caused by the Company having a much lower general and administrative expenses.

Other income (expenses) for the three-month period ended June 30, 2023 were $0 and $1,095 for the same quarter in 2022. There was a decrease between the three-month period ended June 30, 2023 and the three-month period ended June 30, 2022.

The three-month period ended June 30, 2023 was $0 in Gain (loss) on Stocks Held or Sold.

Interest expense for the three months ended June 30, 2023 and 2022 was $347 and $872, respectively.

Six months ended June 30, 2023, Compared to the Six months ended June 30, 2022

For the six months ended June 30, 2023, revenues were $0 and $2,707 for the same period in 2022.

Revenues for the six months period ended June 30, 2023 were significantly lower compared to the same period in 2022, which was cause to there being no revenue earned through any of the services offered by the Company, such as advertising, click based and impressions ads on its web sites, as well as the publishing, and distribution of press releases, or the use of the company’s server services. Since the discovery of some software server functioning errors, the Company has focused its attention on performing assessments and correcting its findings, being that its web the primary source for its services.

Operating expenses were $36,306 for the six months ended June 30,2023 which was lower than $254,507 for the same period in 2022.

Other income(expenses) for the six-month period ended June 30, 2023 were ($1,472) and $258,622 for the same period in 2022. The decrease in other expenses was primarily due to a decrease in Gain (loss) on Stocks Held or Sold.

Interest expense for the three months ended June 30, 2022 and 2021 was $1,472 and $1,438, respectively.

LIQUIDITY AND CAPITAL RESOURCES

As of June 30, 2023, Crown Equity had current assets of $3,165 and current liabilities of $1,421,789 resulting in a working capital deficit of $1,418,624. Net cash used by operating activities for the six months ended June 30, 2023, was $39,372 compared to net cash used of $50,779 for the same period in 2022.

Net cash provided by investing activities was $0 and $37,000 for the six months ended June 30, 2023, and 2022, respectively.

Net cash provided by financing activities during the six months ended June 30, 2023, was $39,607 compared to net cash provided of $16,077 for the same period in 2022. For the six months ended June 30, 2023, we borrowed $43,900 from related parties compared to $14,500 for the same period in 2022.

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.

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ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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

ITEM 4: CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures

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

Changes in Internal Control over Financial Reporting

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

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PART II – OTHER INFORMATION

ITEM 1: LEGAL PROCEEDINGS.

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, 2022.

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

During the six months ended June 30, 2023, Crown Equity did not issue any shares of common stock for operating capital.

ITEM 3: DEFAULTS UPON SENIOR SECURITIES.

None

ITEM 4: MINE SAFETY INFORMATION.

None

ITEM 5: OTHER INFORMATION.

None

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ITEM 6: EXHIBITS

EXHIBIT 31.1		Certification of Principal Executive Officer

EXHIBIT 31.2		Certification of Principal Financial Officer

EXHIBIT 32.1		Certification of Compliance to Sarbanes-Oxley

EXHIBIT 32.2		Certification of Compliance to Sarbanes-Oxley

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

101.SCH **		Inline XBRL Taxonomy Extension Schema Document

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

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

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

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

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

____________

XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

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SIGNATURES

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

	CROWN EQUITY HOLDINGS INC.

Date: August 14, 2023	By:	/s/ Mike Zaman
		Mike Zaman, CEO

	By:	/s/ Kenneth Bosket
		Kenneth Bosket, CFO

nullnullnullnull

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Aug. 10, 2023
Cover [Abstract]
Entity Registrant Name	CROWN EQUITY HOLDINGS INC.
Entity Central Index Key	0001103833
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		13,385,047
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	33-0677140
Entity File Number	000-29935
Entity Address Address Line 1	11226 Pentland Downs Street
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89141
City Area Code	702
Local Phone Number	683-8946
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 3,165	$ 2,930
Total Current Assets	3,165	2,930
Property and Equipment, net	515	2,507
Total Assets	3,680	5,437
Current liabilities
Accounts payable and accrued expenses	145,954	145,630
Accounts payable and accrued expenses to related party	1,204,830	1,208,740
Notes payable to related parties	38,800	9,500
Convertible notes payable to related parties, net of debt discount	30,900	19,028
Note payable short-term debt	1,305	2,870
Total Current Liabilities	1,421,789	1,385,768
Total Liabilities	1,421,789	1,385,768
Stockholders' deficit
Preferred Stock, value	0	0
Common Stock, 450,000,000 authorized at $0.001 par value; and 13,385,047 and 13,385,047 shares issued and outstanding at June 30, 2023 and December 31, 2022	13,384	13,384
Additional paid-in capital	12,763,126	12,763,126
Accumulated deficit	(14,194,620)	(14,156,842)
Total stockholders' deficit	(1,418,109)	(1,380,331)
Total liabilities and stockholders' deficit	3,680	5,437
Series A Convertible Preferred Stock [Member]
Stockholders' deficit
Preferred Stock, value	$ 1	$ 1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Common stock, shares authorized	450,000,000	450,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,001,000	20,001,000
Common stock, shares issued	13,385,047	13,385,047
Preferred stock, shares par value	$ 0.001	$ 0.001
Common stock, shares outstanding	13,385,047	13,385,047
Preferred stock, shares Issued	0	0
Preferred stock, shares outstanding	0	0
Series A Convertible Preferred Stock [Member]
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares Issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Revenue	$ 0	$ 413	$ 0	$ 557
Revenue - related party	0	2,150	0	2,150
Total Revenue	0	2,563	0	2,707
Operating expenses
Depreciation	996	2,216	1,992	4,043
General and Administrative	12,010	122,547	34,314	250,464
Total Operating Expenses	13,006	124,763	36,306	254,507
Net Operating Income (Loss)	(13,006)	(122,200)	(36,206)	(251,800)
Other (expense)
Interest expense	(347)	(872)	(1,472)	(1,438)
Gain (Loss) on Stocks Held or Sold	0	(80,717)	0	(252,568)
Other Income (Expense)	0	(1,095)		(4,616)
Total other expense	(347)	(82,684)	(1,472)	(258,622)
Net (loss)	$ (13,353)	$ (204,884)	$ (37,778)	$ (510,422)
Net (loss) per common share - basic and diluted	$ (0.00)	$ (0.02)	$ (0.00)	$ (0.04)
Weighted average number of common shares outstanding - basic and diluted	13,385,047	13,343,741	13,385,047	13,333,692

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2021		1,000	13,318,642
Balance, amount at Dec. 31, 2021	$ (673,558)	$ 1	$ 13,318	$ 0	$ 12,729,990
Common Stock issued for cash, shares		0	28,000
Common Stock issued for cash, amount	14,000	$ (13,416,867)	$ 0	28	0
Net loss	(510,422)	13,972	0	0	(510,422)
Balance, amount at Jun. 30, 2022	(1,169,980)	$ 1	$ 13,346	12,743,962	(13,927,289)
Balance, shares at Jun. 30, 2022		1,000	13,346,642
Balance, shares at Mar. 31, 2022		1,000	13,338,642
Balance, amount at Mar. 31, 2022	(969,096)	$ 1	$ 13,338	12,739,970	(13,722,405)
Common Stock issued for cash, shares		0	8,000
Common Stock issued for cash, amount	4,000	$ 0	$ 8	3,992	0
Net loss	(204,884)	0			(204,884)
Rounding		0	0	0
Balance, amount at Jun. 30, 2022	(1,169,980)	$ 1	$ 13,346	12,743,962	(13,927,289)
Balance, shares at Jun. 30, 2022		1,000	13,346,642
Balance, shares at Dec. 31, 2022		1,000	13,385,047
Balance, amount at Dec. 31, 2022	(1,380,331)	$ 1	$ 13,384	12,763,126	(14,156,842)
Net loss	(37,778)	0			(37,778)
Balance, amount at Jun. 30, 2023	(1,418,109)	$ 1	$ 13,384	12,763,126	(14,194,620)
Balance, shares at Jun. 30, 2023		1,000	13,385,047
Balance, shares at Mar. 31, 2023		1,000	13,385,047
Balance, amount at Mar. 31, 2023	(1,404,756)	$ 1	$ 13,384	12,763,126	(14,181,267)
Net loss	(13,353)	0			(13,353)
Balance, amount at Jun. 30, 2023	$ (1,418,109)	$ 1	$ 13,384	$ 12,763,126	$ (14,194,620)
Balance, shares at Jun. 30, 2023		1,000	13,385,047

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net (loss)	$ (37,778)	$ (510,422)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	1,992	4,043
Loss (gain) on brokerage account	0	252,568
Loss on investment	0	4,616
Changes in operating assets and liabilities
Accounts payable and accrued expenses - related party	(3,910)	198,900
Accounts payable and accrued expenses	324	(484)
Net cash (used in) operating activities	(39,372)	(50,779)
Cash flows from investing activities
Cash (transfer to) withdrawn from brokerage account	0	37,000
Net cash provided by investing activities	0	37,000
Cash flows from financing activities
Borrowings from convertible notes payable, related party	14,600	0
Payments on convertible notes payable, related party	(2,728)	(4,812)
Borrowings from notes payable, related party	29,300	14,500
Proceeds from Sale of Stock	0	14,000
Principal payments on debt	(1,565)	(7,611)
Net cash provided by financing activities	39,607	16,077
Net increase (decrease) in cash	235	2,298
Cash, beginning of period	2,930	4,320
Cash, end of period	3,165	6,618
SUPPLEMENTAL DISCLOSURE:
Interest paid	0	0
Income taxes paid	0	0
NONCASH INVESTING AND FINANCING ACTIVITIES:
Repayments on Margin loan Brokerage account	$ 0	$ 263,151

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2023

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Nature of Business

Basis of Preparation

Reclassifications

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

Adoption of New Accounting Standard

Use of Estimates

Cash and Cash Equivalents

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

Stock-Based Compensation

Revenue Recognition

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

	1.	Identify the contract with the customer

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

	2.	Identify the performance obligations in the contract

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

	3.	Determine the transaction price

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

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

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

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

	Six Months Ended June 30, 2023						Six Months Ended June 30, 2022
	Third Party		Related Party		Total		Third Party		Related Party		Total
Advertising	$	-	$	-	$	-	$	-	$	-	$	-
Accounting		-		-		-				2,000		2,000
Click Based and Impressions Ads		-		-		-		247		-		247
Publishing and Distribution		-		-		-		310		150		460
Server		-		-		-		-		-		-
	$	-	$	-	$	-	$	557	$	2,150	$	2,707

There was not any revenue earned during the six-months period ending June 30, 2023.

	June 30,		June 30,
	2023		2022

Deferred Revenue	$	-	$	-

Accounts Receivable and Allowance for Doubtful Accounts

Risk Concentrations

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

During the six-month period ending June 30, 2023, the Company did not receive any revenues from its available services.

General and Administrative Expenses

Property and Equipment

Impairment of Long-Lived Assets

Basic and Diluted Net (Loss) per Share

	Six Months June 30, 2023			Six Months June 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(37,778	)	$	(510,422	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(37,778	)	$	(510,422	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,333,692

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.04	)
Diluted	$	(0.00	)	$	(0.04	)

	Three Months June 30, 2023			Three Months June 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(13,333	)	$	(204,884	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(13,333	)	$	(204,884	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,333,692

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.04	)
Diluted	$	(0.00	)	$	(0.04	)

Income Taxes

The Company's deferred tax assets consisted of the following as of June 30, 2023 and December 31, 2022:

	June 30, 2023			Dec 31, 2022
Net operating loss	$	916,586		$	908,653
Valuation allowance		(916,586	)		(908,653	)
Net deferred tax asset		-			-

Uncertain Tax Position

Fair Value of Financial Instruments

Research and Development

The Company spent no money for research and development costs during the periods ended June 30, 2023 and December 31, 2022.

Advertising Cost

The Company spent $0 on advertising during the periods ended June 30, 2023 and June 30, 2022.

GOING CONCERN

6 Months Ended

Jun. 30, 2023

GOING CONCERN

GOING CONCERN

NOTE 2 – GOING CONCERN

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

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

Property consists of the following on June 30, 2023 and December 31, 2022:

	June 30, 2023			Dec 31, 2022
Computers – 3 year estimated useful life	$	108,622			108,622
Less – Accumulated Depreciation		(108,107	)		(106,115	)
Property and Equipment, net	$	515			2,507

Depreciation has been provided over each asset's estimated useful life. Depreciation expenses were $1,992, and $4,043 for the six months ended June 30, 2023 and 2022 respectively.

INVESTMENT TRADING SECURITIES AND MARGIN LOANS

6 Months Ended

Jun. 30, 2023

INVESTMENT TRADING SECURITIES AND MARGIN LOANS

INVESTMENT TRADING SECURITIES AND MARGIN LOANS

NOTE 4 – INVESTMENT TRADING SECURITIES AND MARGIN LOANS

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

FINANCE LEASES

6 Months Ended

Jun. 30, 2023

FINANCE LEASES

FINANCE LEASES

NOTE 5 – FINANCE LEASES

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

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

	·	A $6,168 note from a third party for the purchase of fixed assets, bearing interest at 16.60% amortized over 36 months with payments of $219.

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

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

Assets	June 30, 2023
Leased equipment under finance lease,	$	73,883
less accumulated amortization		(73,368	)
Net	$	515

Liabilities	June 30, 2023
Obligations under finance lease (current)	$	1,305
Obligations under finance lease (noncurrent)		-
Total	$	1,305

Below is a reconciliation of leases to the financial statements.

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

Years ended December 31	Finance Leases
2023		1,395
Thereafter		-
Total		1,395
Less: Imputed Interest		(90	)
Total Liability		1,305

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

6 Months Ended

Jun. 30, 2023

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

NOTE 6 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

As of June 30, 2023, and December 31, 2022, the Company had unamortized discount of $0 and $0, respectively.

The Company analyzed the convertible notes for derivatives noting none.

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

Related Party Notes Payable:
Willy A. Saint-Hilaire	02/28/2022	02/28/2023		12	%		4,500
Mohammad Sadrolashrafi	11/17/2022	11/17/2023		12	%		5,000
Mike Zaman Irrevocable Trust	03/23/2023	03/23/2024		12	%		18,000
Mike Zaman Irrevocable Trust	05/08/2023	05/08/2024		12	%		5,800
Mike Zaman Irrevocable Trust	06/02/2023	06/02/2024		12	%		2,500
Mike Zaman Irrevocable Trust	06/20/2023	06/20/2024		12	%		3,000
Total Related Party Notes Payable							38,800
Related Party Convertible Notes Payable:
Willy A. Saint-Hilaire	04/06/2021	04/06/2022		12	%		-
Willy A. Saint-Hilaire	04/16/2021	04/16/2022		12	%		-
Willy A. Saint-Hilaire	04/21/2021	04/21/2022		12	%		800
Willy A. Saint-Hilaire	04/30/2021	04/30/2022		15.15	%		2,750
Willy A. Saint-Hilaire	05/04/2021	05/04/2022		15.15	%		750
Jamie Hadfield	04/07/2022	04/07/2023		12	%		10,000
Mike Zaman Irrevocable Trust	12/25/2022	12/25/2023		12	%		2,000
Mike Zaman	01/11/2023	01/11/2024		12	%		1,100
Mike Zaman Irrevocable Trust	01/23/2023	01/23/2024		12	%		2,500
Mike Zaman Irrevocable Trust	01/31/2023	01/31/2024		12	%		1,000
Mike Zaman Irrevocable Trust	02/14/2023	02/14/2024		12	%		10,000
Total Convertible Related Party Notes Payable							30,900
Less: Debt Discount							0
Convertible Notes Payable, net of Discount - Related Party							30,900

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

Willy A. Saint-Hilaire

Mohammad Sadrolashrafi

Jamie Hadfield

Mike Zaman Irrevocable Trust

Mike Zaman

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2023

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

NOTE 7 – COMMITMENTS AND CONTINGENCIES

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

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

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

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

STOCKHOLDERS EQUITY

6 Months Ended

Jun. 30, 2023

STOCKHOLDERS EQUITY

STOCKHOLDERS' EQUITY

NOTE 9 – STOCK HOLDERS' DEFICIT

Common Stock

During the six months ending June 30, 2023, the Company issued the following:

The Company did not issue any shares of common stock.

Equity Incentive Plan

Preferred Stock

Warrants Issued

The following is a summary of the Company's warrant activity during the six-month periods ended June 30, 2023 and 2022:

	Number of		Exercise
	Warrants		Price
Balance, January 1, 2023		21,400,000	$	0.60
Issued		-		-
Exercised		-		-
Forfeited		-		-
Balance, June 30, 2023		21,400,000	$	0.60

	Number of		Exercise
	Warrants		Price
Balance, January 1, 2022		21,400,000	$	0.60
Issued		-		-
Exercised		-		-
Forfeited		-		-

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

INCOME TAXES

6 Months Ended

Jun. 30, 2023

INCOME TAXES

INCOME TAXES

NOTE 10 – INCOME TAXES

The Company did not have taxable income during 2022.

The Company's deferred tax assets consisted of the following as of June 30, 2023, and December 31, 2022:

	June 31, 2023			December 31, 2022
Net operating loss	$	916,586		$	908,653
Valuation allowance		(916,586	)		(908,653	)
Net deferred tax asset	$	-		$	-

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 11 – SUBSEQUENT EVENTS

On July 12, 2023, Michael Sheikh was issued a warrant at a price of $0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On July 18, 2023, the Company entered into a promissory note with Mike Zaman in the amount of $15,000 at an interest rate of 12%.

On August 01, 2023, Dana Salzarulo was issued a warrant at a price of 0.000025 per share ($25.00 total) to purchase 1,000,000 shares of common stock at the exercise price of $0.60 per share.

On August 04, 2023, the Company entered into a promissory note with Mike Zaman Irrevocable Trust in the amount of $12,000 at an interest rate of 12%.

On August 07, 2023, Mohammad Sadrolashrafi was issued a warrant at a price of $0.000025 per share ($12.50 total) to purchase 500,000 shares of common stock at the exercise price of $0.60 per share.

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2023

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Nature of Business

Basis of Preparation

Reclassifications

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

Adoption of New Accounting Standard

Use of Estimates

Cash and Cash Equivalents

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

Stock-Based Compensation

Revenue Recognition

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

	1.	Identify the contract with the customer

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

	2.	Identify the performance obligations in the contract

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

	3.	Determine the transaction price

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

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

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

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

	Six Months Ended June 30, 2023						Six Months Ended June 30, 2022
	Third Party		Related Party		Total		Third Party		Related Party		Total
Advertising	$	-	$	-	$	-	$	-	$	-	$	-
Accounting		-		-		-				2,000		2,000
Click Based and Impressions Ads		-		-		-		247		-		247
Publishing and Distribution		-		-		-		310		150		460
Server		-		-		-		-		-		-
	$	-	$	-	$	-	$	557	$	2,150	$	2,707

There was not any revenue earned during the six-months period ending June 30, 2023.

	June 30,		June 30,
	2023		2022

Deferred Revenue	$	-	$	-

Accounts Receivable and Allowance for Doubtful Accounts

Risk Concentrations

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

During the six-month period ending June 30, 2023, the Company did not receive any revenues from its available services.

General and Administrative Expenses

Property and Equipment

Impairment of Long-Lived Assets

Basic and Diluted Net (Loss) per Share

	Six Months June 30, 2023			Six Months June 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(37,778	)	$	(510,422	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(37,778	)	$	(510,422	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,333,692

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.04	)
Diluted	$	(0.00	)	$	(0.04	)

	Three Months June 30, 2023			Three Months June 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(13,333	)	$	(204,884	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(13,333	)	$	(204,884	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,333,692

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.04	)
Diluted	$	(0.00	)	$	(0.04	)

Income Taxes

The Company's deferred tax assets consisted of the following as of June 30, 2023 and December 31, 2022:

	June 30, 2023			Dec 31, 2022
Net operating loss	$	916,586		$	908,653
Valuation allowance		(916,586	)		(908,653	)
Net deferred tax asset		-			-

Uncertain tax position

Fair Value of Financial Instruments

Research and Development

The Company spent no money for research and development costs during the periods ended June 30, 2023 and December 31, 2022.

Advertising Cost

The Company spent $0 on advertising during the periods ended June 30, 2023 and June 30, 2022.

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2023

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Schedule of gain on sale of subsidiary

	Six Months Ended June 30, 2023						Six Months Ended June 30, 2022
	Third Party		Related Party		Total		Third Party		Related Party		Total
Advertising	$	-	$	-	$	-	$	-	$	-	$	-
Accounting		-		-		-				2,000		2,000
Click Based and Impressions Ads		-		-		-		247		-		247
Publishing and Distribution		-		-		-		310		150		460
Server		-		-		-		-		-		-
	$	-	$	-	$	-	$	557	$	2,150	$	2,707

Schedule of revenue

	June 30,		June 30,
	2023		2022

Deferred Revenue	$	-	$	-

Schedule of Basic and Diluted Net (Loss) per Share

	Six Months June 30, 2023			Six Months June 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(37,778	)	$	(510,422	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(37,778	)	$	(510,422	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,333,692

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.04	)
Diluted	$	(0.00	)	$	(0.04	)

	Three Months June 30, 2023			Three Months June 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$	(13,333	)	$	(204,884	)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$	(13,333	)	$	(204,884	)

Denominator:
Weighted average common and common equivalent shares outstanding – basic and diluted		13,385,047			13,333,692

Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$	(0.00	)	$	(0.04	)
Diluted	$	(0.00	)	$	(0.04	)

Schedule of deferred tax assets

	June 30, 2023			Dec 31, 2022
Net operating loss	$	916,586		$	908,653
Valuation allowance		(916,586	)		(908,653	)
Net deferred tax asset		-			-

PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2023

PROPERTY AND EQUIPMENT

Schedule of property plant and equipment

	June 30, 2023			Dec 31, 2022
Computers – 3 year estimated useful life	$	108,622			108,622
Less – Accumulated Depreciation		(108,107	)		(106,115	)
Property and Equipment, net	$	515			2,507

FINANCE LEASES (Tables)

6 Months Ended

Jun. 30, 2023

FINANCE LEASES

Schedule of the net book value of the finance lease

Assets	June 30, 2023
Leased equipment under finance lease,	$	73,883
less accumulated amortization		(73,368	)
Net	$	515

Liabilities	June 30, 2023
Obligations under finance lease (current)	$	1,305
Obligations under finance lease (noncurrent)		-
Total	$	1,305

Schedule of future minimum lease payments

Years ended December 31	Finance Leases
2023		1,395
Thereafter		-
Total		1,395
Less: Imputed Interest		(90	)
Total Liability		1,305

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Tables)

6 Months Ended

Jun. 30, 2023

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

Schedule of Convertible Notes Payable

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

Related Party Notes Payable:
Willy A. Saint-Hilaire	02/28/2022	02/28/2023		12	%		4,500
Mohammad Sadrolashrafi	11/17/2022	11/17/2023		12	%		5,000
Mike Zaman Irrevocable Trust	03/23/2023	03/23/2024		12	%		18,000
Mike Zaman Irrevocable Trust	05/08/2023	05/08/2024		12	%		5,800
Mike Zaman Irrevocable Trust	06/02/2023	06/02/2024		12	%		2,500
Mike Zaman Irrevocable Trust	06/20/2023	06/20/2024		12	%		3,000
Total Related Party Notes Payable							38,800
Related Party Convertible Notes Payable:
Willy A. Saint-Hilaire	04/06/2021	04/06/2022		12	%		-
Willy A. Saint-Hilaire	04/16/2021	04/16/2022		12	%		-
Willy A. Saint-Hilaire	04/21/2021	04/21/2022		12	%		800
Willy A. Saint-Hilaire	04/30/2021	04/30/2022		15.15	%		2,750
Willy A. Saint-Hilaire	05/04/2021	05/04/2022		15.15	%		750
Jamie Hadfield	04/07/2022	04/07/2023		12	%		10,000
Mike Zaman Irrevocable Trust	12/25/2022	12/25/2023		12	%		2,000
Mike Zaman	01/11/2023	01/11/2024		12	%		1,100
Mike Zaman Irrevocable Trust	01/23/2023	01/23/2024		12	%		2,500
Mike Zaman Irrevocable Trust	01/31/2023	01/31/2024		12	%		1,000
Mike Zaman Irrevocable Trust	02/14/2023	02/14/2024		12	%		10,000
Total Convertible Related Party Notes Payable							30,900
Less: Debt Discount							0
Convertible Notes Payable, net of Discount - Related Party							30,900

STOCK HOLDERS' DEFICIT (Tables)

6 Months Ended

Jun. 30, 2023

STOCK HOLDERS' DEFICIT (Tables)

Summary of Warrants Issued

Warrants Issued

The following is a summary of the Company's warrant activity during the six-month periods ended June 30, 2023 and 2022:

	Number of		Exercise
	Warrants		Price
Balance, January 1, 2023		21,400,000	$	0.60
Issued		-		-
Exercised		-		-
Forfeited		-		-
Balance, June 30, 2023		21,400,000	$	0.60

	Number of		Exercise
	Warrants		Price
Balance, January 1, 2022		21,400,000	$	0.60
Issued		-		-
Exercised		-		-
Forfeited		-		-

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

INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2023

INCOME TAXES

Schedule of Deferred Tax

	June 31, 2023			December 31, 2022
Net operating loss	$	916,586		$	908,653
Valuation allowance		(916,586	)		(908,653	)
Net deferred tax asset	$	-		$	-

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Advertising	$ 0	$ 0
Accounting		2,000
Click Based and Impressions Ads	0	247
Publishing and Distribution	0	460
Server	0	0
Total sales	0	2,707
Related Party [Member]
Advertising	0	0
Accounting	0	2,000
Click Based and Impressions Ads	0	0
Publishing and Distribution	0	150
Server	0	0
Total sales	0	2,150
Third Party [Member]
Advertising	0	0
Accounting	0	0
Click Based and Impressions Ads	0	247
Publishing and Distribution	0	310
Server	0	0
Total sales	$ 0	$ 557

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 1) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES
Deferred Revenue	$ 0	$ 0

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 2) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net (Loss) attributable to common shareholders of Crown Equity Holdings, Inc.	$ (13,333)	$ (204,884)	$ (37,778)	$ (510,422)
Net (Loss) attributable to Crown Equity Holdings, Inc.	$ (13,333)	$ (204,884)	$ (37,778)	$ (510,422)
Denominator:
Weighted average common and common equivalent shares outstanding-basic and diluted	13,385,047	13,333,692	13,385,047	13,333,692
Earnings (Loss) per Share attributable to Crown Equity Holdings, Inc.:
Basic	$ (0.00)	$ (0.04)	$ (0.00)	$ (0.04)
Diluted	$ (0.00)	$ (0.04)	$ (0.00)	$ (0.04)

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 3) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES
Net operating loss	$ 916,586	$ 908,653
Valuation allowance	(916,586)	(908,653)
Net deferred Tax asset	$ 0	$ 0

NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Advertisement	$ 0	$ 0
Potential anti-dilutive shares	21,485,067	21,400,000
Corporate Tax Rate	21.00%
Uncertain Tax Position Description	the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of June 30, 2023 and December 31, 2022
CRWE Real Estate Inc. [Member]
Aggregate consideration			$ 100

GOING CONCERN (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
GOING CONCERN
Accumulated Deficit	$ (14,194,620)	$ (14,156,842)
Working Capital Deficit	$ (1,418,624)

PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
PROPERTY AND EQUIPMENT
Computers - 3 Year Estimated Useful Life	$ 108,622	$ 108,622
Less - Accumulated Depreciation	(108,107)	(106,115)
Property And Equipment, Net	$ 515	$ 2,507

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Depreciation expenses	$ 996	$ 2,216	$ 1,992	$ 4,043
Capitalized Property	$ 1,000		$ 1,000
Minimum Range [Member]
Estimated useful life			3 years
Maximum Range [Member]
Estimated useful life			7 years

INVESTMENT TRADING SECURITIES AND MARGIN LOANS (Details Narrative)	6 Months Ended
	Jun. 30, 2023 USD ($)
INVESTMENT TRADING SECURITIES AND MARGIN LOANS
Stocks, value	$ 0
Margin loan amount	$ 0
Collateralized securities annual interest, rate	7.50%
Cash transfer to brokerage account	$ 200,000
Margin loan interest	$ 0

FINANCE LEASES (Details)	Jun. 30, 2023 USD ($)
Assets
Leased equipment under finance lease	$ 73,883
Less accumulated amortization	(73,368)
Net	515
Liabilities
Obligations under finance lease (current)	1,305
Obligations under finance lease (noncurrent)	0
Total	$ 1,305

FINANCE LEASES (Details 1) - Finance Leases [Member]	Jun. 30, 2023 USD ($)
2023	$ 1,395
Thereafter	0
Total	1,395
Less: Imputed Interest	(90)
Total Liability	$ 1,305

FINANCE LEASES (Details Narrative) - USD ($)	12 Months Ended
FINANCE LEASES (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Related Party, Borrowed Finance Lease	$ 9,985	$ 7,357
Lease Bargain Purchase Option	$ 1
Third Party [Member]
Note Payable		6,168
Interest Rate	22.00%
Amortization Period	24 months
Monthly Payments	$ 520
Fixed assets payment	219
Other payment	498
Payment For Management Fee	22
Third Party [Member] \| Capital Lease [Member]
Note Payable	$ 9,985	$ 1,188
Interest Rate	16.60%	16.60%
Amortization Period	36 years	36 years
Fixed assets payment	$ 42
Other payment	$ 498

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details) - USD ($)	1 Months Ended	6 Months Ended
	Jul. 18, 2023	Jun. 30, 2023
Note payable		$ 38,800
Mike Zaman Irrevocable Trust 4 [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 10,000
Original Note Date		Feb. 14, 2023
Interest Rate		12.00%
Due Date		Feb. 14, 2024
Mohammad Sadrolashrafi [Member] \| Related Party Notes Payable [Member]
Note payable		$ 5,000
Original Note Date		Nov. 17, 2022
Interest Rate		12.00%
Due Date		Nov. 17, 2023
Mike Zaman Irrevocable Trust [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 2,000
Original Note Date		Dec. 25, 2022
Interest Rate		12.00%
Due Date		Dec. 25, 2023
Mike Zaman Irrevocable Trust [Member] \| Related Party Notes Payable [Member]
Note payable		$ 18,000
Original Note Date		Mar. 23, 2023
Interest Rate		12.00%
Due Date		Mar. 23, 2024
Total Related Party Notes Payable [Member]
Note payable		$ 38,800
Willy A. Saint-Hilaire [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 0
Original Note Date		Apr. 06, 2021
Interest Rate		12.00%
Due Date		Apr. 06, 2022
Willy A. Saint-Hilaire [Member] \| Related Party Notes Payable [Member]
Note payable		$ 4,500
Original Note Date		Feb. 28, 2022
Interest Rate		12.00%
Due Date		Feb. 28, 2023
Jamie Hadfield [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 10,000
Original Note Date		Apr. 07, 2022
Interest Rate		12.00%
Due Date		Apr. 07, 2023
Willy A. Saint-Hilaire 1 [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 0
Original Note Date		Apr. 16, 2021
Interest Rate		12.00%
Due Date		Apr. 16, 2022
Willy A. Saint-Hilaire 2 [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 800
Original Note Date		Apr. 21, 2021
Interest Rate		12.00%
Due Date		Apr. 21, 2022
Willy A. Saint-Hilaire 3 [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 2,750
Original Note Date		Apr. 30, 2021
Interest Rate		15.15%
Due Date		Apr. 30, 2022
Willy A. Saint-Hilaire 4 [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 750
Original Note Date		May 04, 2021
Interest Rate		15.15%
Due Date		May 04, 2022
Mike Zaman Irrevocable Trust 3 [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 1,000
Original Note Date		Jan. 31, 2023
Interest Rate		12.00%
Due Date		Jan. 31, 2023
Mike Zaman Irrevocable Trust 3 [Member] \| Related Party Notes Payable [Member]
Note payable		$ 3,000
Original Note Date		Jun. 20, 2023
Interest Rate		12.00%
Due Date		Jun. 20, 2024
Total Convertible Related Party Notes Payable [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 30,900
Mike Zaman Irrevocable Trust 1 [Member] \| Related Party Notes Payable [Member]
Note payable		$ 5,800
Original Note Date		May 08, 2023
Interest Rate		12.00%
Due Date		May 08, 2024
Mike Zaman Irrevocable Trust 2 [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 2,500
Original Note Date		Jan. 23, 2023
Interest Rate		12.00%
Due Date		Jan. 23, 2024
Mike Zaman Irrevocable Trust 2 [Member] \| Related Party Notes Payable [Member]
Note payable		$ 2,500
Original Note Date		Jun. 02, 2023
Interest Rate		12.00%
Due Date		Jun. 02, 2024
Mike Zaman [Member]
Interest Rate	12.00%
Mike Zaman [Member] \| Convertible Related Party Notes Payable [Member]
Note payable		$ 1,100
Original Note Date		Jan. 11, 2023
Interest Rate		12.00%
Due Date		Jan. 11, 2024
Related Party [Member] \| Convertible Notes Payable [Member]
Total Convertible Related Party Notes Payable		$ 30,900
Less: Debt Discount		$ 0

NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Dec. 25, 2022	Nov. 17, 2022	Sep. 15, 2022	Apr. 07, 2022	Feb. 28, 2022	May 04, 2021	Apr. 30, 2021	Apr. 21, 2021	Apr. 16, 2021	Apr. 06, 2021
Unamortized Discount	$ 0	$ 0
Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Note Payable			$ 2,000
Interest Rate			12.00%
Pricipal Balance	2,000
April 6, 2021 [Member] \| Willy A. Saint-Hilaire [Member] \| Convertible Promissory Note [Member]
Interest Rate												12.00%
Pricipal Balance	900
April 16, 2021 [Member] \| Willy A. Saint-Hilaire [Member] \| Convertible Promissory Note [Member]
Note Payable											$ 1,518
Interest Rate											12.00%
Pricipal Balance	1,518
April 21, 2021 [Member] \| Willy A. Saint-Hilaire [Member] \| Convertible Promissory Note [Member]
Note Payable										$ 1,109
Interest Rate										12.00%
Pricipal Balance	800
April 30, 2021 [Member] \| Willy A. Saint-Hilaire [Member] \| Convertible Promissory Note [Member]
Note Payable									$ 2,750
Interest Rate									15.15%
Pricipal Balance	2,750
May 4, 2021 [Member] \| Willy A. Saint-Hilaire [Member] \| Convertible Promissory Note [Member]
Note Payable								$ 750
Interest Rate								15.15%
Pricipal Balance	750
February 28, 2022 [Member] \| Willy A. Saint-Hilaire [Member] \| Convertible Promissory Note [Member]
Note Payable							$ 4,500
Interest Rate					12.00%		0.00%
Pricipal Balance	4,500
November 17, 2022 [Member] \| Mohammad Sadrolashrafi [Member] \| Convertible Notes Payable [Member]
Note Payable				$ 5,000
Interest Rate				12.00%
Pricipal Balance	5,000
April 7, 2022 [Member] \| Jamie Hadfield [Member] \| Convertible Promissory Note [Member]
Note Payable						$ 10,000
Interest Rate						12.00%
Pricipal Balance	10,000
January 11, 2023 [Member] \| Mike Jaman [Member] \| Convertible Promissory Note [Member]
Note Payable	$ 1,100
Interest Rate	12.00%
Pricipal Balance	$ 1,100
January 23, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Note Payable	$ 2,500
Interest Rate	12.00%
Pricipal Balance	$ 2,500
January 31, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Note Payable	$ 1,000
Interest Rate	12.00%
Pricipal Balance	$ 1,000
February 14, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Note Payable	$ 10,000
Interest Rate	12.00%
Pricipal Balance	$ 10,000
March 23, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Note Payable	$ 18,000
Interest Rate	12.00%
Pricipal Balance	$ 18,000
May 08, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Note Payable	$ 5,800
Interest Rate	12.00%
Pricipal Balance	$ 5,800
June 02, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Note Payable	$ 2,500
Interest Rate	12.00%
Pricipal Balance	$ 2,500
June 20, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Note Payable	$ 3,000
Interest Rate	12.00%
Pricipal Balance	$ 3,000

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Jan. 01, 2020
Automobile lease [Member]
Monthly payment	$ 395	$ 278
Arnulfo Saucedo-Bardan [Member]
Monthly payments for services				$ 5,000
Due to related party	$ 140,090		$ 130,700

RELATED PARTY TRANSACTIONS (Details Narrative)	6 Months Ended
RELATED PARTY TRANSACTIONS (Details Narrative)	Jun. 30, 2023 USD ($)
Total convertible notes	$ 38,800
Non-convertible notes	30,900
Mike Zaman Irrevocable Trust [Member] \| January 31, 2023 [Member] \| Convertible Notes Payable [Member]
Principal balance of promissory note	1,000
Convertible promissory note	$ 1,000
Debt instrument interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| On February 14, 2023 [Member] \| Convertible Notes Payable [Member]
Principal balance of promissory note	$ 10,000
Convertible promissory note	$ 10,000
Debt instrument interest rate	12.00%
Mike Zaman Irrevocable Trust [Member] \| On March 23, 2023 [Member] \| Convertible Notes Payable [Member]
Principal balance of promissory note	$ 18,000
Convertible promissory note	$ 18,000
Debt instrument interest rate	12.00%
Mike Jaman [Member] \| On January 11, 2023
Principal balance of promissory note	$ 1,100
Convertible promissory note	$ 1,100
Debt instrument interest rate	12.00%
May 08, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Principal balance of promissory note	$ 5,800
Convertible promissory note	$ 5,800
Debt instrument interest rate	12.00%
June 02, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Principal balance of promissory note	$ 2,500
Convertible promissory note	$ 2,500
Debt instrument interest rate	12.00%
June 20, 2023 [Member] \| Mike Zaman Irrevocable Trust [Member] \| Convertible Notes Payable [Member]
Principal balance of promissory note	$ 3,000
Convertible promissory note	$ 3,000
Debt instrument interest rate	12.00%
On January 23, 2023 [member] \| Mike Zaman Irrevocable Trust [Member]
Principal balance of promissory note	$ 2,500
Convertible promissory note	$ 2,500
Debt instrument interest rate	12.00%

STOCK HOLDERS DEFICIT (Details) - Warrants [Member] - $ / shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Number of Warrants Outstanding, beginning	21,400,000	21,400,000
Issued	0	0
Exercised	0	0
Forfeited	0	0
Number of Warrants Outstanding, ending	21,400,000	21,400,000
Warrants exercise price, beginning	$ 0.60	$ 0.60
Warrants exercise price, Issued	0	0
Warrants exercise price, Exercised	0	0
Warrants exercise price, Forfeited	0	0
Warrants exercise price, ending	$ 0.60	$ 0.60

STOCK HOLDERS DEFICIT (Details Narrative) - shares	Jun. 30, 2023	Dec. 31, 2022
Preferred Stock shares, Outstanding	0	0
Common stock authorized	450,000,000	450,000,000
Series A Preferred Stock
Preferred Stock shares, Designated	1,000
Preferred Stock shares, Outstanding	1,000
2006 Equity Incentive Plan [Member]
Common stock authorized	3,000,000
Available for issuance	3,000,000

INCOME TAXES (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
INCOME TAXES
Net Operating Loss	$ 916,586	$ 908,653
Valuation allowance	(916,586)	(908,653)
Net Deferred Tax Asset	$ 0	$ 0

INCOME TAXES (Details Narrative) - USD ($)	6 Months Ended
INCOME TAXES (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
INCOME TAXES
Net Operating Loss Carry Forward	$ 4,364,697	$ 4,326,920
Corporate Tax Rate	21.00%
Description Of Expiration Of Operating Loss Carryforwards	expire in the year 2032

Subsequent Event (Details Narrative) - USD ($)		1 Months Ended
Subsequent Event (Details Narrative) - USD ($)	Aug. 04, 2023	Jul. 18, 2023	Aug. 07, 2023	Aug. 01, 2023	Jul. 12, 2023
Mike Zaman Irrevocable Trust [Member]
Promissory note	$ 12,000
Interest rate	12.00%
Mike Zaman [Member]
Promissory note		$ 15,000
Interest rate		12.00%
Michale Sheikh [Member]
Warrant issue price, per share					$ 0.000025
Exercise price					$ 0.60
Purchase of common stock, shares					1,000,000
Dana Salzarulo [Member]
Warrant issue price, per share				$ 0.000025
Exercise price				$ 0.60
Purchase of common stock, shares				1,000,000
Mohammad Sadrolashrafi [Member]
Warrant issue price, per share			$ 0.000025
Exercise price			$ 0.60
Purchase of common stock, shares			500,000