CHASE PACKAGING CORP
For the period ended Jun 30, 2025. Filed Jul 11, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 11, 2025
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-03-31; filed 2025-05-13.
0001477932-25-003613
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-06-30; filed 2025-07-11.
0001477932-25-004994
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 34 previous paragraphs and 50 current paragraphs.
23 unchanged; 11 reworded; 9 added; 0 removed; 0 previous and 7 current paragraphs rearranged.
Tables are not compared: 3 previous and 5 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (9)
Current report
Other income decreased by $1,622 for the six months ended June 30, 2025 as compared to the three months ended June 30, 2024. This decrease primarily resulted from a lower bank balance during the three months ended June 30, 2025.
Current report
For the six months ended June 30, 2025 and 2024
Current report
Revenue
Current report
Operating Expenses
Current report
Loss from Operations
Current report
The Company incurred a loss from operations of $49,781 and $66,690 for the six months ended June 30, 2025 and 2024, respectively.
Current report
Other Income (Expense)
Current report
Other income decreased by $2,670 for the six months ended June 30, 2025 as compared to the six months ended June 30, 2024. This decrease primarily resulted from a lower bank balance during the six months ended June 30, 2025.
Reworded paragraphs (11)
Previous wording
Other income decreased by $1,048 for the three months ended March 31, 2025 as compared to the three months ended March 31, 2024. The decrease was related to the decrease in interest income for the three months ended March 31, 2025.
Current wording
Operating expenses increased by $4,903 for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024. The increase was related to the increase in other general and administrative expenses offset by a decrease in legal and professional fees for the three months ended June 30, 2025.
Previous wording
Other general and administrative expenses are comprised of transfer agent and EDGAR filer services and other services. These expenses were directly related to the maintenance of the corporate entity and the preparation and filing of reports with the Securities and Exchange Commission.
Current wording
Other general and administrative expenses are comprised of OTC registration fee, transfer agent and EDGAR filer services and other services. These expenses were directly related to the maintenance of the corporate entity and the preparation and filing of reports with the Securities and Exchange Commission.
Previous wording
The Company incurred a loss from operations of $17,325 and $39,137 for the three months ended March 31, 2025 and 2024, respectively.
Current wording
The Company incurred a loss from operations of $32,456 and $27,553 for the three months ended June 30, 2025 and 2024, respectively.
Previous wording
Operating expenses decreased by $21,812 for the three months ended March 31, 2025 as compared to the three months ended March 31, 2024. The decrease was related to the decrease in legal and professional fees for the three months ended March 31, 2025.
Current wording
Operating expenses decreased by $16,909 for the six months ended June 30, 2025 as compared to the six months ended June 30, 2024. The decrease was related to the decrease in legal and professional fees for the six months ended June 30, 2025.
Previous wording
The Company had a net loss of $14,507 for the three months ended March 31, 2025, compared with a net loss of $35,271 for the three months ended March 31, 2024. The decrease in net loss was due to the above-mentioned effect of legal and professional fees expense.
Current wording
The Company had a net loss of $44,393 for the six months ended June 30, 2025, compared with a net loss of $58,632 for the six months ended June 30, 2024. The decrease in net loss was due to the above-mentioned effect of legal and professional fees expense.
Previous wording
At March 31, 2025 the Company had cash and cash equivalents of $284,031, consisting of money market funds and U.S. Treasury and government securities maturing in 3 months or less. Management believes that its cash and cash equivalents are sufficient for its business activities for at least the next twelve months and for the costs of seeking an acquisition of an operating business.
Current wording
At June 30, 2025 the Company had cash and cash equivalents of $253,317, consisting of money market funds and U.S. Treasury and government securities maturing in 3 months or less. Management believes that its cash and cash equivalents are sufficient for its business activities for at least the next twelve months and for the costs of seeking an acquisition of an operating business.
Previous wording
Net cash of $13,679 and $36,783 were used in operations during the three months ended March 31, 2025 and 2024, respectively.
Current wording
Net cash of $44,393 and $60,266 were used in operations during the six months ended June 30, 2025 and 2024, respectively.
Previous wording
The cash used in operating activities of $36,783 for the three months ended March 31, 2024 principally resulted from our net loss of $35,271 offset by change in accounts payable and accrued expenses of $1,512.
Current wording
The cash used in operating activities of $44,393 for the six months ended June 30, 2025 principally resulted from our net loss of $44,393.
Previous wording
The cash used in operating activities of $13,679 for the three months ended March 31, 2025 principally resulted from our net loss of $14,507 offset by change in accounts payable and accrued expenses of $828.
Current wording
The cash used in operating activities of $60,266 for the six months ended June 30, 2024 principally resulted from our net loss of $58,632 and change in accounts payable and accrued expenses of $1,634.
Previous wording
No cash flows were used in or provided by investing activities during the three months ended March 31, 2025 and 2024.
Current wording
No cash flows were used in or provided by investing activities during the six months ended June 30, 2025 and 2024.
Previous wording
No cash flows were used in or provided by financing activities during the three months ended March 31, 2025 and 2024.
Current wording
No cash flows were used in or provided by financing activities during the six months ended June 30, 2025 and 2024.
Rearranged current paragraphs (7)
Current report — wording carried from elsewhere
The Company had a net loss of $29,886 for the three months ended June 30, 2025, compared with a net loss of $23,361 for the three months ended June 30, 2024. The increase in net loss was due to the above-mentioned effect of Other general and administrative expense.
Current report — wording carried from elsewhere
The Company had no operations and no revenue for the six months ended June 30, 2025 and 2024, and its only income was from interest income on its short-term investments which are classified as cash and cash equivalents.
Current report — wording carried from elsewhere
The following table presents our total operating expenses for the six months ended June 30, 2025 and 2024.
Current report — wording carried from elsewhere
Other general and administrative expenses are comprised of OTC registration fee, transfer agent and EDGAR filer services and other services. These expenses were directly related to the maintenance of the corporate entity and the preparation and filing of reports with the Securities and Exchange Commission.
Current report — wording carried from elsewhere
The following table presents our total Other Income (Expense) for the six months ended June 30, 2025 and 2024.
Current report — wording carried from elsewhere
Loss per share for the six months ended June 30, 2025 and 2024 was approximately $(0.00) and $(0.00) based on the weighted-average shares issued and outstanding.
Current report — wording carried from elsewhere
It is anticipated that future operating expenses will decrease and then stabilize as the Company complies with its periodic reporting requirements; however, expenses may increase as the Company works to effect a business combination, although there can be no assurance that the Company will be successful in effecting a business combination.