OTC: WHLT
CHASE PACKAGING CORPCIK 0001025771 · SIC 0700 · Agricultural Services
The Company is a Delaware corporation which, prior to 1998, was engaged in the specialty packaging business, primarily as a supplier of packaging products to the agricultural industry. During 1997, the Company commenced an orderly liquidation of its assets which was completed in 1997. At present,… About this business →
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Latest financial statements
From 10-Q filed Jul 28, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Operating expenses: | ||
| General and administrative | 26,521 | 17,335 |
| Operating income | (26,521) | (17,335) |
| Other income/(expense), net | 1,628 | (136,442) |
| Income before income taxes | (24,893) | (153,777) |
| Income tax expense/(benefit) | — | — |
| Net income | (24,893) | (153,777) |
| Diluted earnings per share | — | — |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 180,726 | 206,369 |
| TOTAL ASSETS | 180,726 | 206,369 |
| Current liabilities: | ||
| Other current liabilities | 3,721 | 4,471 |
| Total current liabilities | 3,721 | 4,471 |
| Shareholders' equity: | ||
| Common stock | 619.00 | 619.00 |
| Capital in excess of stated value | 8,977,547 | 8,977,547 |
| Retained earnings (deficit) | (8,751,402) | (8,726,509) |
| Treasury stock | 49,759 | 49,759 |
| Total shareholders' equity | 177,005 | 201,898 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 180,726 | 206,369 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (41,240) | (15,597) |
| Investing Activities: | ||
| Net cash from investing activities | — | — |
| Financing Activities: | ||
| Net cash from financing activities | — | — |
Amounts in USD as reported; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
About CHASE PACKAGING CORP
Source: Item 1 (Business) from the 10-K filed March 30, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS.
General
The Company is a Delaware corporation which, prior to 1998, was engaged in the specialty packaging business, primarily as a supplier of packaging products to the agricultural industry. During 1997, the Company commenced an orderly liquidation of its assets which was completed in 1997. At present, management of the Company is seeking to secure a suitable merger partner wishing to go public or to acquire private companies to create investment value for the Company. For purposes of Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company is considered a shell company.
History
The Company was established in July of 1993 as a wholly-owned subsidiary of Dawson Geophysical Company (“Dawson” and formerly known TGC Industries, Inc.). On July 30, 1993, the Company purchased certain assets of Union Camp Corporation’s packaging division for a purchase price of approximately $6.14 million. Effective July 21, 1997, the Company sold its operations and completed liquidation during 1997.
Post-Liquidation Operations
Since 1999, the Board of Directors has devoted its efforts to establishing a new business or engaging in a merger or other reorganization transaction.