{"url_path":"/sec/whlt/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-03-30","source_url":"https://www.sec.gov/Archives/edgar/data/1025771/0001477932-26-001702-index.html","accession_number":"0001477932-26-001702","cik":"0001025771","ticker":"WHLT","issuer_name":"CHASE PACKAGING CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1025771/0001477932-26-001702-index.html","primary_entity_key":"0001025771","primary_entity_name":"CHASE PACKAGING CORP"},"word_count":689,"has_tables":true,"body_markdown":"**ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.**\n\n \n\n**Results of Operations**\n\n \n\n**For the years ended December 31, 2025 and 2024**\n\n \n\n**Revenue**\n\n \n\nThe Company had no operations and no revenue for the years ended December 31, 2025 and 2024 and its only income was from interest income on its short-term investments which are classified as cash and cash equivalents.\n\n \n\n**Operating Expenses**\n\n \n\nThe following table presents our total operating expenses for the years ended December 31, 2025 and 2024.\n\n \n\n \n\n \n\n**Year ended**\n\n \n\n \n\n \n\n**December 31,**\n\n \n\n \n\n \n\n**2025**\n\n \n\n \n\n**2024**\n\n \n\nAudit and accounting fees\n\n \n$39,545\n \n\n \n$65,676\n \n\nPayroll expense\n\n \n\n \n20,707\n \n\n \n\n \n20,803\n \n\nOther general and administrative expense\n\n \n\n \n25,621\n \n\n \n\n \n18,408\n \n\nTotal\n\n \n$86,623\n \n\n \n$104,887\n \n\n \n\nOperating expenses consist mostly of audit and accounting fees and payroll. There were less operating expenses for the year ended December 31, 2025, mainly due to lower legal and professional fees incurred in 2025. Other general and administrative expenses are comprised of transfer agent and EDGAR filer services and other services. These expenses were directly related to the maintenance of the corporate entity and the preparation and filing of reports with the Securities and Exchange Commission.\n\n \n\n \n\n6\n\n*Table of Contents*\n\n \n\n**Loss from Operation**\n\n \n\nThe Company incurred a loss from operations of $86,623 and $104,887 for the years ended December 31, 2025 and 2024, respectively.\n\n \n\n**Other Income (Expense)**\n\n \n\nThe following table presents our total Other Income (Expense**)**for the years ended December 31, 2025 and 2024.\n\n \n\n \n\n \n\n**Year ended**\n\n \n\n \n\n \n\n**December 31,**\n\n \n\n \n\n \n\n**2025**\n\n \n\n \n\n**2024**\n\n \n\nInterest and other income\n\n \n$9,881\n \n\n \n$15,938\n \n\nOther Income (Expense), net\n\n \n$9,881\n \n\n \n$15,938\n \n\n \n\nOther income decreased by $6,057 for the year ended December 31, 2025 as compared to the year ended December 31, 2024. The decrease was driven by less interest income in 2025 as compared to 2024 and lower interest rates.\n\n \n\n**Net Loss**\n\n \n\nThe Company had a net loss of $76,742 for the year ended December 31, 2025, compared with a net loss of $88,949 for the year ended December 31, 2024. The decrease in net loss was due to a decrease in professional fees.\n\n \n\nLosses per share for the years ended December 31, 2025 and 2024 were $(0.00) and $(0.00) per share, respectively, based on the weighted-average shares issued and outstanding.\n\n \n\nIt is anticipated that future operating expenses will decrease and then stabilize as the Company complies with its periodic reporting requirements; however, expenses may increase as the Company works to effect a business combination, although there can be no assurance that the Company will be successful in effecting a business combination.\n\n \n\n**Liquidity and Capital Resources**\n\n \n\nAt December 31, 2025 the Company had cash and cash equivalents of $221,966, consisting of funds in bank account and U.S. Treasury Money Market Funds. Management believes that its cash and cash equivalents are sufficient for its business activities for at least the next twelve months and for the costs of seeking an acquisition of an operating business.\n\n \n\nThe following table provides detailed information about our net cash flow for all years presented in this Report.\n\n \n\n**Cash Flow**\n\n \n\n \n\n \n\n**Year ended**\n\n \n\n \n\n \n\n**December 31,**\n\n \n\n \n\n \n\n**2025**\n\n \n\n \n\n**2024**\n\n \n\nNet Cash Used in Operating Activities\n\n \n$(75,744 )\n \n$(90,461 )\n\nNet Cash Used in Investing Activities\n\n \n\n \n—\n \n\n \n\n \n—\n \n\nNet Cash Provided by Financing Activities\n\n \n\n \n—\n \n\n \n\n \n—\n \n\nNet Decrease in Cash and Cash Equivalents\n\n \n$(75,744 )\n \n$(90,461 )\n\n \n\nNet cash of $75,744 and $90,461 were used in operations during the year ended December 31, 2025 and 2024, respectively.\n\n \n\nThe use of cash of $75,744 used in operating activities for the year ended December 31, 2025, principally resulted from the net loss of $76,742 offset by change in accounts payable and accrued expenses of $998.\n\n \n\nNo cash flows were used in or provided by investing activities during the years ended December 31, 2025 and 2024.\n\n \n\n \n\n7\n\n*Table of Contents*\n\n \n\n**New Accounting Pronouncements**\n\n \n\nRefer to the discussion of recently adopted/issued accounting pronouncements under Part II, Item 8, Notes to Financial Statements, Note 3: Significant Accounting Policies.\n\n \n\n**Factors Which May Affect Future Results**\n\n \n\nFuture earnings of the Company are dependent on interest rates earned on the Company’s invested balances and expenses incurred. The Company expects to incur significant expenses in connection with its objective of identifying a merger partner or acquiring an operating business."}