Crown Electrokinetics Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events	6 Months Ended
Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 13 - Subsequent Events The Company has evaluated all events that occurred after the balance sheet date of September 30, 2019, through March 20, 2020, the date when financial statements were issued to determine if they must be reported. The Company's subsequent events are as follows: *Agreements* On October 8, 2019, the Company issued 320,000 shares of its common stock with a fair value of $0.75 per share, or $240,000, in connection with a consulting agreement for advisory services related to corporate strategies. On November 14, 2019, the Company entered into a new agreement with Asahi which terminates the February 1, 2019 agreement as of June 16, 2019, (the "Effective Date") of the new agreement. Under the terms of the new agreement, Asahi will pay the Company $0.1 million within 60 days of the Effective Date. The Company will provide three pieces of updated samples to Asahi by April 30, 2020. As of the date of this report, the Company has not received the $0.1 million. On January 9, 2020, the Company issued 20,000 shares of its common stock with a fair value of $0.75 per share, or $15,000, in connection with a consulting agreement. The consulting agreement expires on November 9, 2020. On January 10, 2020, the Company entered into a convertible promissory note with a principal balance totaling $103,093. The note contains an OID totaling $3,093 and the Company received net proceeds of $100,000. The note bears interest at 8% per annum and is due on demand. On February 1, 2020, the Company entered into a collaboration agreement to support its intellectual property strategy. The Company will pay a monthly fee of $50,000 commencing on February 28, 2020. The agreement may be terminated by either party upon a 30-day written notice. On March 9, 2020, the Company entered into a convertible promissory note with a principal balance totaling $257,732. The note contains an OID totaling $7,732 and the Company received net proceeds of $250,000. The note bears interest at 8% per annum and matures on March 10, 2021. In connection with the note, the Company issued 100,000 shares of its common stock with a fair value of $75,000 or $0.75 per share.

Subsequent Events

6 Months Ended

Sep. 30, 2019

Note 13 - Subsequent Events

The Company has evaluated all events that occurred after the balance sheet date of September 30, 2019, through March 20, 2020, the date when financial statements were issued to determine if they must be reported. The Company's subsequent events are as follows:

Agreements

On October 8, 2019, the Company issued 320,000 shares of its common stock with a fair value of $0.75 per share, or $240,000, in connection with a consulting agreement for advisory services related to corporate strategies.

On November 14, 2019, the Company entered into a new agreement with Asahi which terminates the February 1, 2019 agreement as of June 16, 2019, (the "Effective Date") of the new agreement. Under the terms of the new agreement, Asahi will pay the Company $0.1 million within 60 days of the Effective Date. The Company will provide three pieces of updated samples to Asahi by April 30, 2020. As of the date of this report, the Company has not received the $0.1 million.

On January 9, 2020, the Company issued 20,000 shares of its common stock with a fair value of $0.75 per share, or $15,000, in connection with a consulting agreement. The consulting agreement expires on November 9, 2020.

On January 10, 2020, the Company entered into a convertible promissory note with a principal balance totaling $103,093. The note contains an OID totaling $3,093 and the Company received net proceeds of $100,000. The note bears interest at 8% per annum and is due on demand.

On February 1, 2020, the Company entered into a collaboration agreement to support its intellectual property strategy. The Company will pay a monthly fee of $50,000 commencing on February 28, 2020. The agreement may be terminated by either party upon a 30-day written notice.

On March 9, 2020, the Company entered into a convertible promissory note with a principal balance totaling $257,732. The note contains an OID totaling $7,732 and the Company received net proceeds of $250,000. The note bears interest at 8% per annum and matures on March 10, 2021. In connection with the note, the Company issued 100,000 shares of its common stock with a fair value of $75,000 or $0.75 per share.