CHASE PACKAGING CORP
For the period ended Jun 30, 2026. Filed Jul 28, 2026.
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, 2026 · Filed Jul 28, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-15.
0001477932-26-003213
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-07-28.
0001477932-26-004541
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 33 previous paragraphs and 50 current paragraphs.
23 unchanged; 10 reworded; 10 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 (10)
Current report
Operating expenses decreased by $5,935 for the three months ended June 30, 2026 as compared to the three months ended June 30, 2025. The decrease was related to the decrease in other general and administration legal for the three months ended June 30, 2026.
Current report
Other income decreased by $942 for the three months ended June 30, 2026 as compared to the three months ended June 30, 2025. This decrease primarily resulted from a lower bank balance during the six months ended June 30, 2025.
Current report
For the six months ended June 30, 2026 and 2025
Current report
Revenue
Current report
Operating Expenses
Current report
Operating expenses decreased by $5,925 for the six months ended June 30, 2026 as compared to the six months ended June 30, 2025. The decrease was related to the decrease in professional fees and other general and administration legal fees for the six months ended June 30, 2026.
Current report
Loss from Operations
Current report
The Company incurred a loss from operations of $43,856 and $49,781 for the six months ended June 30, 2026 and 2025, respectively.
Current report
Other Income (Expense)
Reworded paragraphs (10)
Previous wording
Operating expenses remained constant for the three months ended March 31, 2026 as compared to the three months ended March 31, 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.
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 $17,335 and $17,325 for the three months ended March 31, 2026 and 2025, respectively.
Current wording
The Company incurred a loss from operations of $26,521 and $32,456 for the three months ended June 30, 2026 and 2025, respectively.
Previous wording
The Company had a net loss of $153,777 for the three months ended March 31, 2026, compared with a net loss of $14,507 for the three months ended March 31, 2025. The increase in net loss was due to the above-mentioned warrant-extension-of-expiration-date effect and to a small increase in general and administrative expenses.
Current wording
The Company had a net loss of $24,893 for the three months ended June 30, 2026, compared with a net loss of $29,886 for the three months ended June 30, 2025. The decrease in net loss was due to the above-mentioned decrease in other general and administrative expenses.
Previous wording
Net other income (expense) was $(136,442) for the three months ended March 31, 2026, compared to net other income (expense) of $2,818 for the three months ended March 31, 2025. The change was due to the extension of the warrants’ expiration date resulting in warrants modification expense of $138,180 during the three months ended March 31, 2026 (see Note 5 to the financial statements).
Current wording
Net other income (expense) was $(134,814) for the six months ended June 30, 2026, compared to net other income (expense) of $5,388 for the six months ended June 30, 2025. The change was due to the extension of the warrants’ expiration date resulting in warrants modification expense of $138,180 during the six months ended June 30, 2026 (see Note 5 to the financial statements).
Previous wording
At March 31, 2026 the Company had cash and cash equivalents of $206,369, 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, 2026 the Company had cash and cash equivalents of $180,726, 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 $15,597 and $13,679 were used in operations during the three months ended March 31, 2026 and 2025, respectively.
Current wording
Net cash of $41,240 and $44,393 were used in operations during the six months ended June 30, 2026 and 2025, respectively.
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 $41,240 for the six months ended June 30, 2026 principally resulted from our net loss of $178,670 offset by change in warrants modification expense of $138,180 and change in accounts payable and accrued expenses of $750.
Previous wording
The cash used in operating activities of $15,597 for the three months ended March 31, 2026 principally resulted from our net loss of $153,777 offset by change in warrants modification expense of $138,180.
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
No cash flows were used in or provided by investing activities during the three months ended March 31, 2026 and 2025.
Current wording
No cash flows were used in or provided by investing activities during the six months ended June 30, 2026 and 2025.
Previous wording
No cash flows were used in or provided by financing activities during the three months ended March 31, 2026 and 2025.
Current wording
No cash flows were used in or provided by financing activities during the six months ended June 30, 2026 and 2025.
Rearranged current paragraphs (7)
Current report — wording carried from elsewhere
The Company had no operations and no revenue for the six months ended June 30, 2026 and 2025, 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, 2026 and 2025.
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, 2026 and 2025.
Current report — wording carried from elsewhere
The Company had a net loss of $178,670 for the six months ended June 30, 2026, compared with a net loss of $44,393 for the six months ended June 30, 2025. The increase in net loss was mainly due to the above-mentioned warrants modification expense.
Current report — wording carried from elsewhere
Loss per share for the six months ended June 30, 2026 and 2025 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.