CHASE PACKAGING CORP
For the period ended Dec 31, 2025. Filed Mar 30, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 30, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-K
Period ended 2024-12-31; filed 2025-04-01.
0001477932-25-002339
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSCurrent report: 10-K
Period ended 2025-12-31; filed 2026-03-30.
0001477932-26-001702
ITEM 7. 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 30 previous paragraphs and 26 current paragraphs.
18 unchanged; 8 reworded; 0 added; 3 removed; 1 previous and 0 current paragraphs rearranged.
Tables are not compared: 3 previous and 3 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.
Removed paragraphs (3)
Previous report
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.
Previous report
Results of Operations
Previous report
The use of cash of $53,072 used in operating activities for the year ended December 31, 2023, principally resulted from our net loss of $403,030, as adjusted for a non-cash charge for warrants modification expense of $345,450.
Reworded paragraphs (8)
Previous wording
Operating expenses consist mostly of audit and accounting fees and payroll. There were more operating expenses for the year ended December 31, 2024, mainly due to higher legal and professional fees incurred in 2024. 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
Operating expenses consist mostly of audit and accounting fees and payroll. There were less operating expenses for the year ended December 31, 2025, mainly due to lower legal and professional fees incurred in 2025. 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.
Previous wording
The Company incurred a loss from operations of $104,887 and $72,259 for the years ended December 31, 2024 and 2023, respectively.
Current wording
The Company incurred a loss from operations of $86,623 and $104,887 for the years ended December 31, 2025 and 2024, respectively.
Previous wording
Other expense improved by $346,709 for the year ended December 31, 2024 as compared to the year ended December 31, 2023. The improvement was caused by a decrease in warrant modification expenses (See Note 6 on the accompanying financial statements) and more interest income in 2024 as compared to 2023 due to higher interest rates.
Current wording
Other income decreased by $6,057 for the year ended December 31, 2025 as compared to the year ended December 31, 2024. The decrease was driven by less interest income in 2025 as compared to 2024 and lower interest rates.
Previous wording
The Company had a net loss of $88,949 for the year ended December 31, 2024, compared with a net loss of $403,030 for the year ended December 31, 2023. The decrease in net loss was due to the above-mentioned effect of the warrant modification expense.
Current wording
The Company had a net loss of $76,742 for the year ended December 31, 2025, compared with a net loss of $88,949 for the year ended December 31, 2024. The decrease in net loss was due to a decrease in professional fees.
Previous wording
Losses per share for the years ended December 31, 2024 and 2023 were $(0.00) and $(0.01) per share, respectively, based on the weighted-average shares issued and outstanding.
Current wording
Losses per share for the years ended December 31, 2025 and 2024 were $(0.00) and $(0.00) per share, respectively, based on the weighted-average shares issued and outstanding.
Previous wording
At December 31, 2024 the Company had cash and cash equivalents of $297,710, consisting of money market funds invested in 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 December 31, 2025 the Company had cash and cash equivalents of $221,966, consisting of funds in bank account and U.S. Treasury Money Market Funds. 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 $90,461 and $53,072 were used in operations during the year ended December 31, 2024 and 2023, respectively.
Current wording
Net cash of $75,744 and $90,461 were used in operations during the year ended December 31, 2025 and 2024, respectively.
Previous wording
The use of cash of $90,461 used in operating activities for the year ended December 31, 2024, principally resulted from the net loss of $88,949.
Current wording
The use of cash of $75,744 used in operating activities for the year ended December 31, 2025, principally resulted from the net loss of $76,742 offset by change in accounts payable and accrued expenses of $998.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
No cash proceeds were used in or provided by financing activities during the years ended December 31, 2024 and 2023.