Chase Packaging net loss widens to $153,777 in Q1 FY26

CHASE PACKAGING CORP

CHASE PACKAGING CORP

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  • Chase Packaging posted a net loss of $153,777 for quarter ended March 31, 2026, widening from a net loss of $14,507 a year earlier.
  • Operating loss was $17,335, little changed from $17,325 in prior-year quarter, while revenue remained at no revenue in both periods.
  • Other expense swung to $136,442 from other income of $2,818, driven by a $138,180 warrants modification expense tied to an extension of the warrants’ expiration date.
  • Cash and cash equivalents totaled $206,369 at March 31, 2026; net cash used in operating activities rose to $15,597 from $13,679 a year earlier.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chase Packaging Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-003213), on May 15, 2026, and is solely responsible for the information contained therein.