Chase Packaging Corp, a Delaware corporation, reported no revenue for the fiscal years ending December 31, 2025, and 2024, with its only income derived from interest on short-term investments. The company’s operating expenses decreased to $86,623 in 2025 from $104,887 in 2024, primarily due to lower legal and professional fees. The net loss for 2025 was $76,742, a reduction from the $88,949 loss reported in the previous year. Losses per share remained consistent at $(0.00) for both years, reflecting the company's ongoing status as a shell entity with no operational revenue.
In terms of financial performance, Chase Packaging's interest income fell to $9,881 in 2025 from $15,938 in 2024, attributed to lower interest rates and reduced investment returns. The company utilized $75,744 in cash for operating activities in 2025, compared to $90,461 in 2024, indicating a slight improvement in cash management. As of December 31, 2025, the company held cash and cash equivalents totaling $221,966, which management believes is sufficient to support its business activities for at least the next twelve months while it seeks a suitable merger partner or acquisition target.
Chase Packaging has not engaged in any significant operational activities since its liquidation in 1997 and continues to operate as a shell company. The management is focused on identifying a merger partner or acquiring private companies to create investment value. The company has no properties, relying on the office space and equipment of its management at no cost. There are currently no legal proceedings against the company, and it has not paid dividends on its common stock, which is traded on the OTC Pink Market under the symbol "WHLT."
Looking ahead, the company anticipates that its operating expenses will decrease and stabilize as it complies with periodic reporting requirements. However, expenses may rise as it pursues a business combination, although there is no guarantee of success in these efforts. The management's forward-looking statements highlight the inherent risks and uncertainties associated with the company's future performance, particularly in relation to market conditions and the ability to secure a suitable merger or acquisition.
About CHASE PACKAGING CORP
Chase Packaging Corporation is a Delaware-based shell company formerly engaged in manufacturing and supplying woven paper mesh and polypropylene mesh bags for agricultural packaging. It previously served the agricultural industry with specialty packaging products. Currently, the company holds cash and investments while seeking merger or acquisition opportunities to establish new operations and create shareholder value. Its business model centers on strategic corporate transactions rather than active product sales.
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