v3.24.3

CONDENSED BALANCE SHEETS - USD ($)	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 309,828	$ 388,171
TOTAL ASSETS	309,828	388,171
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	3,473	4,985
TOTAL CURRENT LIABILITIES	3,473	4,985
COMMITMENTS AND CONTINGENCIES (Note 9)	0
STOCKHOLDERS' EQUITY:
Preferred stock, $1.00 par value; 4,000,000 authorized: Series A 10% Convertible preferred stock; 50,000 shares designated; no shares issued and outstanding at September 30, 2024 and December 31, 2023	0
Common stock, $0.00001 par value; 200,000,000 shares authorized; 62,379,759 shares issued and 61,882,172 shares outstanding at September 30, 2024 and December 31, 2023	619	619
Treasury stock, $0.00001 par value 497,587 shares at September 30, 2024 and December 31, 2023	(49,759)	(49,759)
Additional paid-in capital	8,839,367	8,839,367
Accumulated deficit	(8,483,872)	(8,407,041)
TOTAL STOCKHOLDERS' EQUITY	306,355	383,186
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 309,828	$ 388,171

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

CHASE PACKAGING CORP 10-Q