$WHLT
CHASE PACKAGING CORP
CIK:0001025771|SEC Filings
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| CONDENSED STATEMENTS OF OPERATIONS (Unaudited) | ||||
| General and administrative expense | $ 26,521 | $ 32,456 | $ 43,856 | $ 49,781 |
| EXPENSES: | ||||
| LOSS FROM OPERATIONS | (26,521) | (32,456) | (43,856) | (49,781) |
| OTHER INCOME (EXPENSE) | ||||
| Interest and other income | 1,628 | 2,570 | 3,366 | 5,388 |
| Warrant modification expense | 0 | 0 | (138,180) | 0 |
| TOTAL OTHER INCOME (EXPENSE) | 1,628 | 2,570 | (134,814) | (5,388) |
| LOSS BEFORE INCOME TAXES | (24,893) | (29,886) | (178,670) | (44,393) |
| Provision for income taxes | 0 | 0 | 0 | 0 |
| NET LOSS | $ (24,893) | $ (29,886) | $ (178,670) | $ (44,393) |
| BASIC AND DILUTED LOSS PER COMMON SHARE | $ (0.00) | $ (0.00) | $ (0.00) | $ (0.00) |
| BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 61,882,172 | 61,882,172 | 61,882,172 | 61,882,172 |
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $ (178,670) | $ (44,393) |
| Adjustment to reconcile net loss to net cash used in operating activities: | ||
| Warrants modification expense | 138,180 | 0 |
| Change in operating assets and liabilities: | ||
| Accounts payable and accrued expenses | (750) | 0 |
| Net cash used in operating activities | (41,240) | (44,393) |
| CASH FLOWS FROM INVESTING ACTIVITIES | 0 | 0 |
| CASH FLOWS FROM FINANCING ACTIVITIES | 0 | 0 |
| NET DECREASE IN CASH | (41,240) | (44,393) |
| Cash, beginning of period | 221,966 | 297,710 |
| CASH, END OF PERIOD | 180,726 | 253,317 |
| Cash paid for: | ||
| Interest | 0 | 0 |
| Income taxes | $ 0 | $ 0 |
CONDENSED BALANCE SHEETS - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 180,726 | $ 221,966 |
| TOTAL ASSETS | 180,726 | 221,966 |
| CURRENT LIABILITIES: | ||
| Accounts payable and accrued liabilities | 3,721 | 4,471 |
| TOTAL CURRENT LIABILITIES | 3,721 | 4,471 |
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock, $1.00 par value; 4,000,000 authorized: Series A 10% Convertible preferred stock; 50,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common stock, $0.00001 par value 200,000,000 shares authorized; 62,379,759 shares issued and 61,882,172 outstanding as of June 30, 2026 and December 31, 2025 | 619 | 619 |
| Treasury stock, $0.00001 par value 497,587 shares as of June 30, 2026 and December 31, 2025 | (49,759) | (49,759) |
| Additional paid-in capital | 8,977,547 | 8,839,367 |
| Accumulated deficit | (8,751,402) | (8,572,732) |
| TOTAL STOCKHOLDERS' EQUITY | 177,005 | 217,495 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 180,726 | $ 221,966 |