CHASE GENERAL CORP

CIK:0000015357|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2026	Mar. 31, 2025
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
SALES	$ 427,061	$ 308,464	$ 2,307,332	$ 2,752,997
COST OF SALES	269,025	232,359	1,517,450	1,916,706
Gross Profit on Sales	158,036	76,105	789,882	836,291
OPERATING EXPENSES
Selling	91,305	63,629	267,973	273,153
General and Administrative	176,495	150,605	549,455	534,318
Total Operating Expenses	267,800	214,234	817,428	807,471
Income (Loss) from Operations	(109,764)	(138,129)	(27,546)	28,820
OTHER INCOME (EXPENSE)
Miscellaneous Income	210	649	2,008	1,465
Interest Expense	(2,409)	(571)	(15,105)	(11,949)
Total Other Income (Expense), net	(2,199)	78	(13,097)	(10,484)
Income (Loss) before Income Taxes	(111,963)	(138,051)	(40,643)	18,336
INCOME TAX (PROVISION) BENEFIT
INCOME TAX (PROVISION) BENEFIT	2,490	33,340		(4,445)
NET INCOME (LOSS)	$ (109,473)	$ (104,711)	$ (40,643)	$ 13,891
LOSS PER SHARE
Basic (in dollars per share)	$ (0.15)	$ (0.14)	$ (0.14)	$ (0.08)
Diluted (in dollars per share)	$ (0.15)	$ (0.14)	$ (0.14)	$ (0.08)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ (40,643)	$ 13,891
Adjustments to Reconcile Net Income to Net Cash Provided by/(Used in) Operating Activities:
Depreciation and Amortization	49,496	35,045
Deferred Income Amortization		(972)
Deferred Income Taxes		2,425
Effects of Changes in Operating Assets and Liabilities:
Trade Receivables	14,358	97,355
Inventories	70,056	271,778
Prepaid Expenses	(5,800)	(5,816)
Accounts Payable	70,549	(97,348)
Refund Liability Owed to Customers	(2,288)	(5,533)
Accrued Expenses	3,680	12,298
Net Cash Provided by Operating Activities	159,408	323,123
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Property and Equipment		(77,500)
Net Cash Used in Investing Activities		(77,500)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Line-of-Credit	260,000	330,000
Principal Payments on Line-of-Credit	(340,000)	(470,000)
Principal Payments on Notes Payable	(41,862)	(16,168)
Net Cash Used in Financing Activities	(121,862)	(156,168)
INCREASE IN CASH AND CASH EQUIVALENTS	37,546	89,455
Cash and Cash Equivalents - Beginning of Period	47,440	41,974
CASH AND CASH EQUIVALENTS - END OF PERIOD	$ 84,986	$ 131,429

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2026	Jun. 30, 2025
CURRENT ASSETS
Cash and Cash Equivalents	$ 84,986	$ 47,440
Trade Receivables, Net of Allowance for Credit Losses of $1,896	197,657	212,015
Inventories:
Finished Goods	136,330	180,089
Goods in Process	23,199	13,445
Raw Materials	109,401	128,763
Packaging Materials	143,168	159,857
Prepaid Expenses	12,440	6,640
Total Current Assets	707,181	748,249
Property & Equipment
Land	35,000	35,000
Buildings	77,348	77,348
Machinery and Equipment	1,015,028	1,032,381
Trucks and Autos	184,200	184,200
Office Equipment	32,325	33,025
Leasehold Improvements	69,843	72,068
Total	1,413,744	1,434,022
Less: Accumulated Depreciation and Amortization	(1,139,595)	(1,110,377)
Total Property and Equipment, Net	274,149	323,645
Right-of-Use Asset	356,020	411,473
Total Long-Term Assets	630,169	735,118
Total Assets	1,337,350	1,483,367
CURRENT LIABILITIES
Accounts Payable	161,718	91,169
Current Maturities of Notes Payable	32,918	124,388
Current Maturities of Lease Liability	78,771	74,615
Accrued Expenses	30,022	26,342
Refund Liability Owed to Customers	14,000	16,288
Total Current Liabilities	317,429	332,802
LONG-TERM LIABILITIES
Notes Payable, Less Current Maturities	85,501	115,893
Lease Liability, Less Current Maturities	277,249	336,858
Total Long-Term Liabilities	362,750	452,751
Total Liabilities	680,179	785,553
COMMITMENTS AND CONTINGENCIES (NOTE 8)
Capital Stock Issued and Outstanding:
Common Stock, $1 Par Value	969,834	969,834
Paid-In Capital in Excess of Par	3,134,722	3,134,722
Accumulated Deficit	(5,808,825)	(5,768,182)
Total Stockholders' Equity	657,171	697,814
Total Liabilities and Stockholders' Equity	1,337,350	1,483,367
Prior Cumulative Preferred Stock - Series A
Capital Stock Issued and Outstanding:
Preferred stock, value	500,000	500,000
Prior Cumulative Preferred Stock - Series B
Capital Stock Issued and Outstanding:
Preferred stock, value	500,000	500,000
Cumulative Preferred Stock - Series A
Capital Stock Issued and Outstanding:
Preferred stock, value	1,170,660	1,170,660
Cumulative Preferred Stock - Series B
Capital Stock Issued and Outstanding:
Preferred stock, value	$ 190,780	$ 190,780