CHASE GENERAL CORP_March 31, 2026

Table of Contents

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 2-5916

Chase General Corporation

(Exact name of registrant as specified in its charter)

MISSOURI		36-2667734
(State or other jurisdiction of		(IRS Employer Identification No.)
incorporation or organization)

1307 South 59th, St. Joseph, Missouri 64507

(Address of principal executive offices, Zip Code)

(816) 279-1625

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Ticker symbol(s)	Name of each exchange on which registered
None	Not Applicable	Not Applicable

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ⌧ No ◻

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ⌧ No ◻

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a nonaccelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ◻	Accelerated filer ◻

Nonaccelerated filer ⌧	Smaller reporting company ☒

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Yes ◻ No ⌧

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐ No ⌧

As of May 14, 2026, there were 969,834 shares of common stock, $1.00 par value, outstanding.

Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

FOR THE NINE MONTHS ENDED March 31, 2026


PART I	FINANCIAL INFORMATION

	ITEM 1.	CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

		CONDENSED CONSOLIDATED BALANCE SHEETS AS OF March 31, 2026 AND JUNE 30, 2025 (UNAUDITED)	1

		CONDENSED CONSOLIDATED STATEMENTS OF operations FOR THE THREE MONTHS ENDED March 31, 2026 AND 2025 (UNAUDITED)	3

		CONDENSED CONSOLIDATED STATEMENTS OF Operations FOR THE NINE MONTHS ENDED March 31, 2026 AND 2025 (UNAUDITED)	4

		CONDENSED CONSOLIDATED STATEMENTS OF stockholders’ Equity FOR THE Three and NINE MONTHS ENDED March 31, 2026 AND 2025 (UNAUDITED)	5

		CONDENSED CONSOLIDATED STATEMENTS OF Cash flows FOR THE NINE MONTHS ENDED March 31, 2026 AND 2025 (UNAUDITED)	6

		NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)	7

	ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	14

	ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	20

	ITEM 4.	CONTROLS AND PROCEDURES	20

PART II	OTHER INFORMATION

	ITEM 1.	LEGAL PROCEEDINGS	21

	ITEM 1A.	RISK FACTORS	21

	ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	21

	ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	21

	ITEM 4.	MINE SAFETY DISCLOSURES	21

	ITEM 5.	OTHER INFORMATION	21

	ITEM 6.	EXHIBITS	21

	SIGNATURES		22

Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)


		March 31,			June 30,
		2026			2025

ASSETS

CURRENT ASSETS
Cash and Cash Equivalents		$	84,986		$	47,440
Trade Receivables, Net of Allowance for Credit Losses of $1,896			197,657			212,015
Inventories:
Finished Goods			136,330			180,089
Goods in Process			23,199			13,445
Raw Materials			109,401			128,763
Packaging Materials			143,168			159,857
Prepaid Expenses			12,440			6,640
Total Current Assets			707,181			748,249

LONG-TERM ASSETS
Property & Equipment
Land			35,000			35,000
Buildings			77,348			77,348
Machinery and Equipment			1,015,028			1,032,381
Trucks and Autos			184,200			184,200
Office Equipment			32,325			33,025
Leasehold Improvements			69,843			72,068
Total			1,413,744			1,434,022
Less: Accumulated Depreciation and Amortization			(1,139,595)			(1,110,377)
Total Property and Equipment, Net			274,149			323,645
Right-of-Use Asset			356,020			411,473
Total Long-Term Assets			630,169			735,118

Total Assets		$	1,337,350		$	1,483,367

The accompanying notes are an integral part of the unaudited

condensed consolidated financial statements.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(UNAUDITED)


		March 31,			June 30,
		2026			2025

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts Payable		$	161,718		$	91,169
Current Maturities of Notes Payable			32,918			124,388
Current Maturities of Lease Liability			78,771			74,615
Accrued Expenses			30,022			26,342
Refund Liability Owed to Customers			14,000			16,288
Total Current Liabilities			317,429			332,802

LONG-TERM LIABILITIES
Notes Payable, Less Current Maturities			85,501			115,893
Lease Liability, Less Current Maturities			277,249			336,858
Total Long-Term Liabilities			362,750			452,751

Total Liabilities			680,179			785,553

COMMITMENTS AND CONTINGENCIES (NOTE 8)

STOCKHOLDERS’ EQUITY
Capital Stock Issued and Outstanding:
Prior Cumulative Preferred Stock, $5 Par Value:
Series A (Liquidation Preference $2,542,500 and $2,520,000, Respectively)			500,000			500,000
Series B (Liquidation Preference $2,497,500 and $2,475,000, Respectively)			500,000			500,000
Cumulative Preferred Stock, $20 Par Value:
Series A (Liquidation Preference $5,648,427 and $5,604,527, Respectively)			1,170,660			1,170,660
Series B (Liquidation Preference $920,521 and $913,367, Respectively)			190,780			190,780
Common Stock, $1 Par Value			969,834			969,834
Paid-In Capital in Excess of Par			3,134,722			3,134,722
Accumulated Deficit			(5,808,825)			(5,768,182)
Total Stockholders’ Equity			657,171			697,814

Total Liabilities and Stockholders’ Equity		$	1,337,350		$	1,483,367

The accompanying notes are an integral part of the unaudited

condensed consolidated financial statements.

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CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)


	Three Months Ended
	March 31,
	2026			2025
SALES	$	427,061		$	308,464

COST OF SALES		269,025			232,359
Gross Profit on Sales		158,036			76,105

OPERATING EXPENSES
Selling		91,305			63,629
General and Administrative		176,495			150,605
Total Operating Expenses		267,800			214,234

Loss from Operations		(109,764)			(138,129)

OTHER INCOME (EXPENSE)
Miscellaneous Income		210			649
Interest Expense		(2,409)			(571)
Total Other Income (Expense), net		(2,199)			78

Loss before Income Taxes		(111,963)			(138,051)

INCOME TAX BENEFIT		2,490			33,340

NET LOSS	$	(109,473)		$	(104,711)

LOSS PER SHARE
Basic and diluted	$	(0.15)		$	(0.14)

The accompanying notes are an integral part of the unaudited

condensed consolidated financial statements.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)


	Nine Months Ended
	March 31,
	2026			2025
SALES	$	2,307,332		$	2,752,997

COST OF SALES		1,517,450			1,916,706
Gross Profit on Sales		789,882			836,291

OPERATING EXPENSES
Selling		267,973			273,153
General and Administrative		549,455			534,318
Total Operating Expenses		817,428			807,471

Income (Loss) from Operations		(27,546)			28,820

OTHER INCOME (EXPENSE)
Miscellaneous Income		2,008			1,465
Interest Expense		(15,105)			(11,949)
Total Other Expenses, net		(13,097)			(10,484)

Income (Loss) before Income Taxes		(40,643)			18,336

INCOME TAX PROVISION		—			(4,445)

NET INCOME (LOSS)	$	(40,643)		$	13,891

LOSS PER SHARE
Basic and Diluted	$	(0.14)		$	(0.08)

The accompanying notes are an integral part of the unaudited

condensed consolidated financial statements.

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CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(UNAUDITED)


		Prior Cumulative						Cumulative
		Preferred Stock						Preferred Stock						Common			Paid-In			Accumulated
		Series A			Series B			Series A			Series B			Stock			Capital			Deficit			Total
BALANCE, December 31, 2024		$	500,000		$	500,000		$	1,170,660		$	190,780		$	969,834		$	3,134,722		$	(5,543,043)		$	922,953

Net loss, three months ended March 31, 2025			—			—			—			—			—			—			(104,711)			(104,711)

BALANCE, March 31, 2025		$	500,000		$	500,000		$	1,170,660		$	190,780		$	969,834		$	3,134,722		$	(5,647,754)		$	818,242

		Prior Cumulative						Cumulative
		Preferred Stock						Preferred Stock						Common			Paid-In			Accumulated
		Series A			Series B			Series A			Series B			Stock			Capital			Deficit			Total
BALANCE, December 31, 2025		$	500,000		$	500,000		$	1,170,660		$	190,780		$	969,834		$	3,134,722		$	(5,699,352)		$	766,644

Net loss, three months ended March 31, 2026			—			—			—			—			—			—			(109,473)			(109,473)

BALANCE, March 31, 2026		$	500,000		$	500,000		$	1,170,660		$	190,780		$	969,834		$	3,134,722		$	(5,808,825)		$	657,171

		Prior Cumulative						Cumulative
		Preferred Stock						Preferred Stock						Common			Paid-In			Accumulated
		Series A			Series B			Series A			Series B			Stock			Capital			Deficit			Total
BALANCE, June 30, 2024		$	500,000		$	500,000		$	1,170,660		$	190,780		$	969,834		$	3,134,722		$	(5,661,645)		$	804,351

Net income, nine months ended March 31, 2025			—			—			—			—			—			—			13,891			13,891

BALANCE, March 31, 2025		$	500,000		$	500,000		$	1,170,660		$	190,780		$	969,834		$	3,134,722		$	(5,647,754)		$	818,242

		Prior Cumulative						Cumulative
		Preferred Stock						Preferred Stock						Common			Paid-In			Accumulated
		Series A			Series B			Series A			Series B			Stock			Capital			Deficit			Total
BALANCE, June 30, 2025		$	500,000		$	500,000		$	1,170,660		$	190,780		$	969,834		$	3,134,722		$	(5,768,182)		$	697,814

Net loss, nine months ended March 31, 2026			—			—			—			—			—			—			(40,643)			(40,643)

BALANCE, March 31, 2026		$	500,000		$	500,000		$	1,170,660		$	190,780		$	969,834		$	3,134,722		$	(5,808,825)		$	657,171

The accompanying notes are an integral part of the unaudited

condensed consolidated financial statements.

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CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)


	Nine Months Ended
	March 31,
	2026		2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$	(40,643)	$	13,891
Adjustments to Reconcile Net Income to Net Cash Provided by/(Used in) Operating Activities:
Depreciation and Amortization		49,496		35,045
Deferred Income Amortization		—		(972)
Deferred Income Taxes		—		2,425
Effects of Changes in Operating Assets and Liabilities:
Trade Receivables		14,358		97,355
Inventories		70,056		271,778
Prepaid Expenses		(5,800)		(5,816)
Accounts Payable		70,549		(97,348)
Refund Liability Owed to Customers		(2,288)		(5,533)
Accrued Expenses		3,680		12,298
Net Cash Provided by Operating Activities		159,408		323,123

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Property and Equipment		—		(77,500)
Net Cash Used in Investing Activities		—		(77,500)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Line-of-Credit		260,000		330,000
Principal Payments on Line-of-Credit		(340,000)		(470,000)
Principal Payments on Notes Payable		(41,862)		(16,168)
Net Cash Used in Financing Activities		(121,862)		(156,168)

INCREASE IN CASH AND CASH EQUIVALENTS		37,546		89,455

Cash and Cash Equivalents - Beginning of Period		47,440		41,974

CASH AND CASH EQUIVALENTS - END OF PERIOD	$	84,986	$	131,429

The accompanying notes are an integral part of the unaudited

condensed consolidated financial statements.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

NOTE 1 SIGNIFICANT ACCOUNTING POLICIES

General

The condensed consolidated balance sheet of Chase General Corporation (hereinafter referred to as Chase, the Company, we, our, and us) at June 30, 2025, has been taken from audited consolidated financial statements at that date and condensed. The condensed consolidated financial statements as of and for the three and nine months ended March 31, 2026, and for the three and nine months ended March 31, 2025, are unaudited and reflect all normal and recurring accruals and adjustments which are, in the opinion of management, necessary for a fair presentation of the financial position, operating results and cash flows for the interim periods presented in this quarterly report. The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto, together with management’s discussion and analysis of financial condition and results of operations, contained in our Annual Report on Form 10-K for the year ended June 30, 2025. The results of operations for the three and nine months ended March 31, 2026, and cash flows for the nine months ended March 31, 2026, are not necessarily indicative of the results for the entire fiscal year ending June 30, 2026. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary to fairly present financial position, results of operations, and cash flows for the periods have been included.

Revenue Recognition

The majority of our revenue is derived by fulfilling customer orders for the purchase of our products. The Company recognizes revenue at the point in time that control of the ordered product(s) is transferred to the customer, which is typically upon shipment to the customer. Shipping and handling costs incurred to ship product to the customer are recorded within cost of sales. Amounts billed and due from our customers are classified as trade receivables on the consolidated balance sheet and require payment on a short-term basis. Generally, individual orders from customers are accounted for as a single performance obligation.

Revenue is measured as the amount of consideration we expect to receive in exchange for fulfilling product orders. Sales, value added, and other taxes we collect concurrent with revenue-producing activities are excluded from revenue. The amount of consideration the Company expects to receive and revenue the Company recognizes includes estimates of variable consideration, including costs for trade promotional programs, customer incentives, and allowances and discounts associated with aged or potentially unsaleable products. These estimates are based upon our analysis of the programs offered, historical trends, and expectations regarding customer and consumer participation, sales and payment trends and our experience with payment patterns associated with similar programs offered in the past. The Company reviews and updates these estimates regularly and the impact of any adjustments are recognized in the period the adjustments are identified. The adjustments recognized for the nine months ended March 31, 2026 and 2025, resulting from updated estimates of revenue for prior year product sales were not significant. The Company has elected a practical expedient to recognize incremental costs incurred to obtain contracts, which primarily represent sales commissions where the amortization period would be less than one year, as a selling expense when incurred in the consolidated financial statement.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

NOTE 1 SIGNIFICANT ACCOUNTING POLICIES (cont.)

Revenue Recognition (cont.)

The majority of the Company’s products are confectionery and confectionery-based and, therefore, exhibit similar economic characteristics, such that they are based on similar ingredients and are marketed and sold through the same channels to the same customers. The Company operates two divisions, Chase Candy Products and Seasonal Candy Products. Both divisions share a common labor force and utilize the same basic equipment and raw materials. Management considers these two divisions as one reportable segment. The various divisions of revenue are as follows:

For the three months ended March 31,


	2026		2025
SALES
Chase Candy	$	421,390	$	306,936
Seasonal Candy		5,671		1,528
Total	$	427,061	$	308,464

For the nine months ended March 31,


	2026		2025
SALES
Chase Candy	$	1,363,148	$	1,351,246
Seasonal Candy		944,184		1,401,751
Total	$	2,307,332	$	2,752,997

Subsequent Events

Other than what is disclosed in Note 2, no events have occurred subsequent to March 31, 2026, through the date of filing this form, that would require disclosure in this Form 10-Q or would be required to be recognized in the condensed consolidated financial statements as of or for the nine month period ended March 31, 2026.

NOTE 2 GOING CONCERN AND MANAGEMENT’S PLAN

The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred significant operating losses since its inception. At March 31, 2026, the Company has an accumulated deficit of $5,808,825, and cash and cash equivalents of $84,986. Currently there is substantial doubt about the Company’s ability to generate enough cash flow to fund operations for the twelve months following the date these consolidated financial statements are available.

During fiscal year 2026, the Company lost two major customers. Based on historical sales to these customers, management expects a total loss of sales of approximately $575,000 or 17%. The termination of these relationships may negatively impact the Company’s financial condition and operating results. The Company continues to assess its customer concentration risk and is implementing strategic initiatives to broaden its customer base.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

NOTE 2 GOING CONCERN AND MANAGEMENT’S PLAN (cont.)

In response, management plans to continue its efforts to expand the present market area and increase sales to its existing customers and seek new customer opportunities. Management also intends to continue tight control over all expenditures with an increased emphasis on inventory and production management. Additionally, due to historical volatility in the regions where raw materials are grown and supplied from, management anticipates the prices of these raw materials to continue to fluctuate primarily based on supply and demand. Management plans to make sales price adjustments in the future as necessary to correspond with changes in raw material prices. Additionally, the Company is actively evaluating strategic alternatives, including a potential sale of the Company or its assets. There can be no assurance that this process will result in a transaction, or that any transaction will be completed on terms favorable to the Company or within a time frame sufficient to address the Company's liquidity needs.

Management believes that the successful execution of its business plan would alleviate the substantial doubt about the Company’s ability to continue as a going concern. However, there can be no assurance that these plans will be successful. Because it is unclear whether the Company will be successful in accomplishing these objectives, there is uncertainty about the Company’s circumstances, which creates substantial doubt about its ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

NOTE 3 LOSS PER SHARE

The loss per share was computed on the weighted average of outstanding common shares during the period. Diluted loss per share is calculated by including contingently issuable shares with the weighted average shares outstanding.


		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2026			2025			2026			2025
Net Income (Loss)		$	(109,473)		$	(104,711)		$	(40,643)		$	13,891

Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value			15,000			15,000			45,000			45,000
5% Convertible Cumulative Preferred, $20 Par Value			17,018			17,018			51,054			51,054
Total Dividend Requirements			32,018			32,018			96,054			96,054

Net Loss Attributable to Common Stockholders		$	(141,491)		$	(136,729)		$	(136,697)		$	(82,163)

Weighted Average Shares - Basic			969,834			969,834			969,834			969,834
Effect of Contingently Issuable Shares, if Dilutive			1,033,334			1,033,334			1,033,334			1,033,334
Weighted Average Shares - Diluted			2,003,168			2,003,168			2,003,168			2,003,168

Basic and Diluted Loss per Share		$	(0.15)		$	(0.14)		$	(0.14)		$	(0.08)

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

NOTE 3 LOSS PER SHARE (cont.)

The Company excludes equity instruments from the calculation of diluted loss per share if the effect of including such instruments is anti-dilutive. All of the preferred stock, which is convertible into 1,033,334 shares of common stock, was excluded for the three and nine months ended March 31, 2026 and 2025, respectively, as its conversion would have an anti-dilutive effect. Cumulative Preferred Stock dividends in arrears at March 31, 2026 and 2025 totaled $9,197,508 and $9,069,436, respectively. Total dividends in arrears, on a per share basis, consist of the following:


		Nine Months Ended
		March 31,
		2026			2025
6% Convertible:
Series A		$	20		$	20
Series B		$	20		$	19
5% Convertible:
Series A		$	77		$	76
Series B		$	77		$	76

The 6% convertible prior cumulative preferred stock may, upon thirty days prior notice, be redeemed by the Corporation at $5.25 per share plus unpaid accrued dividends to date of redemption. In the event of voluntary liquidation, holders of this stock are entitled to receive $5.25 per share plus accrued dividends. It may be exchanged for common stock at the option of the shareholders in the ratio of four common shares for one share of Series A and 3.75 common shares for one share of Series B.

The Company has the privilege of redemption of 5% convertible cumulative preferred stock at $21 per share plus unpaid accrued dividends. In the event of voluntary or involuntary liquidation, holders of this stock are entitled to receive $20 per share plus unpaid accrued dividends. It may be exchanged for common stock at the option of the shareholders, in the ratio of 3.795 common shares for one of preferred.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

NOTE 4 NOTES PAYABLE AND LINE-OF-CREDIT

The Company’s notes payable consist of:


				March 31,			June 30,
Payee		Terms		2026			2025
Nodaway Valley Bank		$500,000 line-of-credit agreement which matured on January 2, 2026, the line-of-credit was not renewed at expiration. Prior to expiration the line-of-credit had a variable interest rate of prime but not less than 5%.		$	-		$	80,000

Nodaway Valley Bank		$885 monthly payments, interest of 7.25%; final payment due April 2027, secured by a vehicle.			11,022			18,159

Ford Motor Credit Company		$1,126 monthly payments, interest of 2.9%; final payment due November 2026, secured by a vehicle. Paid in full as of March 31, 2026.			-			18,718

Nodaway Valley Bank		$2,514 monthly payments, interest of 7.5%; final payment due May 2030, secured by equipment.			107,397			123,404


		Total			118,419			240,281
		Less Current Portion			32,918			124,388
		Long-Term Portion		$	85,501		$	115,893

Future minimum payments for the twelve months ending March 31 are:


March 31,		Amount
2027		$	32,918
2028			25,435
2029			26,502
2030			28,589
2031			4,975
Total		$	118,419

NOTE 5 INCOME TAXES

The Company follows the provisions for uncertain tax positions as addressed in Financial Accounting Standards Board Accounting Standards Codification 740-10. For the nine month period ended March 31, 2026, the Company has not recorded an income tax benefit or provision as a full valuation allowance has been recorded against the net deferred tax assets of the Company. For the three month period ended March 31, 2026, the Company recorded an income tax benefit of $2,490, which primarily results from additional net operating losses generated during this period.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

NOTE 5 INCOME TAXES (cont.)

As of March 31, 2026, the Company has estimated net operating loss carryovers of $301,234 which do not expire but are limited to 80% of taxable income under current tax law. The Company maintains a valuation allowance against its deferred tax assets. As of March 31, 2026 and 2025, a valuation allowance of $52,244 and $0, respectively, was established.

The Company has no material tax positions at March 31, 2026, for which the ultimate deductibility is highly certain, but for which there is uncertainty about the timing of such deductibility. The Company had no accruals for interest or penalties at March 31, 2026. The Company’s federal income tax returns for fiscal years 2022 through 2025 remain subject to examination by the Internal Revenue Service taxing authority.

NOTE 6 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION


		Nine Months Ended
		March 31,
		2026			2025
Supplemental Cash Flow Information:
Interest paid		$	15,538		$	12,309
Right-of-use asset obtained in exchange for modification of operating lease liability		$	—		$	102,569

NOTE 7 DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company’s financial instruments consist principally of cash and cash equivalents, trade receivables and payables, and notes payable. There are no significant differences between the carrying value and fair value of any of these financial instruments.

NOTE 8 COMMITMENT, CONCENTRATIONS, CONTINGENCIES, AND RELATED PARTY TRANSACTIONS

The Company leases its office and manufacturing facility located in St. Joseph, Missouri under an operating lease from an entity that is owned by the son of the Chief Executive Officer of the Company. The original lease term was from February 1, 2005, through March 31, 2025, with an option to extend for an additional term of five years. The required lease payments through this period were $6,500 per month. During the year ended June 30, 2023, the Company determined the exercise of the renewal option to be reasonably assured and remeasured the right-of-use asset and lease liability to include the additional five years at what was the current rate, so that the new term expires on March 31, 2030. During the year ended June 30, 2025, the Company exercised the renewal option and remeasured the right-of-use asset and lease liability to reflect an increase in the required lease payments to $8,500 per month.

An operating lease right-of-use asset and lease liability was recognized based on the present value of minimum lease payments over the remaining lease term. The Company’s operating lease has a remaining term of 4 years and the present value of the lease payments is calculated using the Company’s estimated incremental borrowing rate of 7.25% as of the remeasurement date. Operating lease expense is recognized on a straight-line basis over the lease term.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

NOTE 8 COMMITMENT, CONCENTRATIONS, CONTINGENCIES, AND RELATED PARTY TRANSACTIONS (cont.)

The Company’s lease agreement does not contain any residual value guarantees. Additionally, any other short-term leases are immaterial. The Company elected the practical expedient to not separate lease and nonlease components and also elected the short-term practical expedient for all leases that qualify. As a result, the Company will not recognize right-of-use assets or liabilities for short-term leases that qualify for the short-term practical expedient but instead will recognize the lease payments as lease cost on a straight-line basis over the lease term. Cash paid for operating lease liabilities and operating lease expense was $76,500 for the nine months ended March 31, 2026, of which, $70,188 is included in cost of sales and $6,312 is included in general and administrative expenses.

Minimum annual payments required under existing operating lease liabilities that have initial or remaining noncancelable terms in excess of one year as of March 31, 2026, are as follows:


Twelve Months Ending March 31,		Amount
2027		$	102,000
2028			102,000
2029			102,000
2030			102,000
Total Lease Payments			408,000
Less: Imputed Interest			(51,980)
Total Lease Liabilities		$	356,020

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I Financial information

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I financial INFORMATION

item 2. management’s discussion and analysis of

financial condition and results of operations

OVERVIEW

Chase General Corporation (Chase) is a holding company for its wholly-owned subsidiary, Dye Candy Company. This subsidiary is the main operating company that is engaged in the manufacture of confectionery products which are sold primarily to wholesale houses, grocery accounts, vendors, and repackers. The subsidiary (Company) operates two divisions, Chase Candy division and Seasonal Candy division, which share a common labor force and utilize the same basic equipment and raw materials. Therefore, segment reporting for the two divisions is not maintained by management.

The Company’s business, like that of many other confectionary product manufacturers, is seasonal. Historically, the Company has realized more of its sales and earnings in the second fiscal quarter, which includes the majority of the holiday shopping season, than in any other fiscal quarter.

RESULTS OF OPERATIONS - Three Months Ended March 31, 2026 Compared to Three Months Ended March 31, 2025, and Nine months Ended March 31, 2026 Compared to Nine months Ended March 31, 2025

The following management comments regarding Chase’s results of operations and outlook should be read in conjunction with the condensed consolidated financial statements included pursuant to Item 1 of the quarterly report.

The following table sets forth certain items as a percentage of sales for the periods presented:


		Three Months Ended					Nine Months Ended
		March 31,					March 31,
		2026		2025			2026		2025
Sales		100	%	100	%		100	%	100	%
Cost of Sales		63	%	75	%		66	%	70	%
Gross Profit on Sales		37	%	25	%		34	%	30	%
Operating Expenses		63	%	69	%		35	%	29	%
Income (Loss) from Operations		(26)	%	(44)	%		(1)	%	1	%
Other Expenses, Net		(1)	%	—	%		(1)	%	—	%
Income (Loss) before Income Taxes		(27)	%	(44)	%		(2)	%	1	%
Income Tax (Provision) Benefit		1	%	11	%		—	%	—	%
Net Income (Loss)		(26)	%	(33)	%		(2)	%	1	%

SALES

During fiscal year 2026, the Company lost two major customers. Based on historical sales to these customers, management expects a total loss of sales of approximately $575,000. Sales increased $118,597 or 38% for the three months ended March 31, 2026 to $427,061 compared to $308,464 for the three months ended March 31, 2025. Sales for Chase Candy increased $114,454 to $421,390 for the three months ended March 31, 2026, compared to $306,936 for the three months ended March 31, 2025. Sales for Seasonal Candy increased $4,143 to $5,671 for the three months ended March 31, 2026, compared to $1,528 for the three months ended March 31, 2025.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

SALES (cont.)

The 37% increase in sales of Chase Candy of $114,454 for the three months ended March 31, 2026 over the same period ended March 31, 2025, is primarily due to the effect of the following: 1) increased net sales of approximately $30,000 due to online orders; 2) increased net sales of approximately $48,000 for the Cherry Mash Bar L276/L277 segments due to an increase in orders to existing customers; 3) increased net sales of the L100/L200 Cherry Mash Merchandisers segment by approximately $18,000 due to an increase in orders to existing customers; 4) increased sales of the new L252/258 Mini Mash Stand Up Bag segment of approximately $22,000; 5) increased sales of the Mini Mash L278 segment by approximately $20,000 versus the same period a year ago primarily due to an increase in orders to existing customers; 6) miscellaneous increase in other categories of product plus increased sales revenue attributable to changes in sales allowances and discounts, promotions, and billbacks related to these category of products of approximately $11,000; offset by 7) decreased sales of the Mini Mash L212 segment by approximately $35,000 versus the same period a year ago primarily due to the loss of major customer.

The increase in sales of Seasonal Candy of $4,143 for the three months ended March 31, 2026 over the same period ended March 31, 2025 is primarily due to the effect of increased sales in both the bulk and clamshell divisions to existing customers.

Sales decreased $445,665 or 16% for the nine months ended March 31, 2026 to $2,307,332 compared to $2,752,997 for the nine months ended March 31, 2025. Sales for Chase Candy increased $11,902 to $1,363,148 for the nine months ended March 31, 2026, compared to $1,351,246 for the nine months ended March 31, 2025. Sales for Seasonal Candy decreased $457,567 to $944,184 for the nine months ended March 31, 2026, compared to $1,401,751 for the nine months ended March 31, 2025.

The 1% increase in sales of Chase Candy of $11,902 for the nine months ended
March 31, 2026 over the same period ended March 31, 2025, is primarily due to the effect of the following: 1) increased net sales of approximately $28,000 due to online orders; 2) increased net sales of approximately $64,000 for the Cherry Mash Bar L276/L277 segments due to an increase in orders to existing customers; 3) increased sales of the new L252/258 Mini Mash Stand Up Bag segment of approximately $33,000; 4) increased sales of the Mini Mash L278 segment by approximately $28,000 versus the same period a year ago primarily due to an increase in orders to existing customers; 5) miscellaneous increases in other categories of product plus increased sales revenue attributable to changes in sales allowances and discounts, promotions, and billbacks related to these category of products of approximately $15,000; offset by 6) decreased sales of the Mini Mash L212 segment by approximately $135,000 versus the same period a year ago primarily due to the loss of major customer; 7) decreased sales of the Changemaker Jar L260 and Mini Mash Keg L264 segments by approximately $5,000 due to a decrease in orders to existing customers; 8) decreased net sales of the L100/L200 Cherry Mash Merchandisers segment by approximately $16,000 due to a decrease in orders to existing customers.

The 33% decrease in sales of Seasonal Candy of $457,567 for the nine months ended March 31, 2026 over the same period ended March 31, 2025, is primarily due to the effect of: 1) decreased sales in the clamshell division by approximately $87,000 versus the same period a year ago, primarily due to decreased sales to existing customers; 2) decreased sales in the bulk seasonal division by approximately $65,000 versus the same period a year ago; 3) decreased sales to existing customers in the regular produce category by approximately $340,000 versus the same period a year ago; offset by increased sales revenue attributable to changes in sales allowances and discounts, promotions, and billbacks related to these category of products of approximately $35,000.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

SALES (cont.)

Despite the overall decrease in quantities sold for both divisions, the Company was able to implement a price increase in July 2025 of approximately 6% for the bulk and clamshell products. No price increase occurred for Chase Candy products during the nine months ended March 31, 2026. The Seasonal Candy price increase has helped to contribute to an increase in margins for the nine months ended March 31, 2026.

COST OF SALES

The cost of sales increased $36,666 to $269,025 or 63% of related sales for the three months ended March 31, 2026, compared to $232,359 or 75% of related sales for the three months ended March 31, 2025.

The cost of sales decreased $399,256 to $1,517,450 or 66% of related sales for the nine months ended March 31, 2026, compared to $1,916,706 or 70% of related sales for the nine months ended March 31, 2025.

The decrease in cost of sales as a percentage of sales for the three and nine months ended March 31, 2026, is related to labor efficiencies implemented by management in response to the loss of major customers. Labor costs, including wages, vacation pay, and payroll taxes of $522,470 for the nine months ended March 31, 2026, decreased 13% or $80,067 as compared to $602,537 for the nine months ended March 31, 2025, primarily due to decreased wages as a result of intentional pay reductions for certain salaried employees as well as decreased production hours compared to the same period ended March 31, 2025.

SELLING EXPENSES

Selling expenses for the three months ended March 31, 2026 increased $27,676 to $91,305, which is 21% of sales, compared to $63,629, or 21% of sales for the three months ended March 31, 2025.

The increase in selling expenses for the three months ending March 31, 2026, is primarily due to the increase in shipping costs due to increase in sales as detailed above. Management continues to make efforts to minimize selling expenses in an attempt to recover costs not passed along with price increases as evidenced by selling expenses as a percentage of sales remaining comparable over the quarters.

Selling expenses for the nine months ended March 31, 2026 decreased $5,180 to $267,973, which is 12% of sales, compared to $273,153, or 10% of sales for the nine months ended March 31, 2025.

Selling expenses decreased for the nine months ended March 31, 2026, primarily because management continued efforts to reduce selling costs to recover expenses not covered by price increases. Commissions expense, in particular, declined by approximately $26,000 compared to the three months ended March 31, 2025. These savings were partially offset by higher third-quarter shipping costs, as discussed above.

GENERAL AND ADMINISTRATIVE EXPENSES

General and administrative expenses for the three months ended March 31, 2026 increased $25,890 to $176,495 and 41% of sales, compared to $150,605 or 49% of sales for the three months ended March 31, 2025.

The increase of $25,890 in general and administrative expenses for the three months ended March 31, 2026 is primarily due to an increase in professional fees of approximately $11,000 compared to the three months ended March 31, 2025. Additionally, in the three-month period ended March 31, 2026, dues & subscriptions, insurance and website fees increased by approximately $14,000.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

GENERAL AND ADMINISTRATIVE EXPENSES (cont.)

General and administrative expenses for the nine months ended March 31, 2026 increased $15,137 to $549,455 and 24% of sales, compared to $534,318 or 19% of sales for the nine months ended March 31, 2025.

The increase of $15,137 in general and administrative expenses for the nine months ended March 31, 2026 is primarily due to an increase in professional fees of approximately $19,000 compared to the nine months ended March 31, 2025. These increases are offset by decreases in various other general and administrative items.

OTHER INCOME (EXPENSE)

Other income (expense) decreased by $2,277 for the three months ended March 31, 2026 to ($2,199), compared to $78 for the three months ended March 31, 2025.

Other expense increased by $2,613 for the nine months ended March 31, 2026 to ($13,097) compared to ($10,484) for the nine months ended March 31, 2025.

The majority of this change can be attributed to an increase in interest expense, specifically due to the financing of new machinery.

PROVISION (BENEFIT) FOR INCOME TAXES

Due to the net losses generated in the quarters ending March 31, 2026 and 2025, the Company recorded an income tax benefit of approximately $2,500 and $33,000, respectively.

The Company did not record an income tax provision or benefit for the nine months ended March 31, 2026 due to the full valuation allowance applied to net deferred tax assets as of June 30, 2025 and March 31, 2026. The Company did record an income tax provision for the nine months ended March 31, 2025 of approximately $4,500 due to net income earned as a full valuation allowance was not recorded until June 30, 2025.

NET INCOME (LOSS)

The Company reported a net loss for the three months ended March 31, 2026 of ($109,473), compared to a net loss of ($104,711) for the three months ended March 31, 2025. This increase in loss of $4,762 is explained above.

The Company reported net loss for the nine months ended March 31, 2026 of ($40,643), compared to a net income of $13,891 for the nine months ended March 31, 2025. This decrease of $54,534 is explained above.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

PREFERRED DIVIDENDS

Preferred dividends were $32,018 for the three months ended March 31, 2026 and March 31, 2025, which reflects additional preferred stock dividends in arrears on the Company’s Series A and Series B $5 par value preferred stock and its Series A and Series B $20 par value preferred stock.

Preferred dividends were $96,054 for the nine months ended March 31, 2026 and March 31, 2025, which reflects additional preferred stock dividends in arrears on the Company’s Series A and Series B $5 par value preferred stock and its Series A and Series B $20 par value preferred stock.

NET LOSS APPLICABLE TO COMMON STOCKHOLDERS

Net loss applicable to common stockholders for the three months ended March 31, 2026 was ($141,491) which is an increase in loss of $4,762 as compared to the net loss applicable to common stockholders for the three months ended March 31, 2025 of ($136,729).

Net loss applicable to common stockholders for the nine months ended March 31, 2026 was ($136,697) which is an increase in loss of $54,534 as compared to the net loss applicable to common stockholders for the nine months ended March 31, 2025 of ($82,163).

LIQUIDITY AND CAPITAL RESOURCES

The table below presents the summary of cash flows for the fiscal period indicated.


		Nine Months Ended
		March 31,
		2026		2025
Net Cash Provided by Operating Activities		$	159,408	$	323,123
Net Cash Used in Investing Activities		$	—	$	(77,500)
Net Cash Used In Financing Activities		$	(121,862)	$	(156,168)

Management has made no material commitments for capital expenditures during the remainder of fiscal year 2026. The $159,408 of cash provided by operating activities and the $121,862 of cash used in financing activities for the nine months ended March 31, 2026 is fully detailed in the condensed consolidated statement of cash flows.

Overall cash and cash equivalents increased $37,546 to $84,986 at March 31, 2026, from $47,440 at June 30, 2025.

At March 31, 2026, the Company’s accumulated deficit was $5,808,825 compared to an accumulated deficit of $5,768,182 as of June 30, 2025. Working capital for the nine months ended March 31, 2026, decreased $25,695 to $389,752 from $415,447 at June 30, 2025.

The Company’s lease on its office and plant facility has a lease term through March 31, 2030. The required lease payments through this period are $8,500 per month. The facility is leased from an entity that is owned by the son of the Chief Executive Officer of the Company.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

LIQUIDITY AND CAPITAL RESOURCES (cont.)

During the nine months ended March 31, 2026, the Company experienced the loss of two major customers, which previously represented a significant portion of consolidated sales. This change is expected to impact future sales volumes and may reduce operating cash flows in subsequent periods. Also, the line of credit agreement expired in January 2026. In order to maintain funds to finance operations and meet debt obligations, it is the intention of management to continue its efforts to expand the present market area and increase sales to its customers. Additionally, the Company is actively evaluating strategic alternatives, including a potential sale of the Company or its assets. There can be no assurance that this process will result in a transaction, or that any transaction will be completed on terms favorable to the Company or within a time frame sufficient to address the Company's liquidity needs.

Management will continue tight control over all expenditures. For example, certain salaried employees have agreed to a pay reduction, and management is also scaling back overall production levels. This will lead to decreased labor needs, particularly affecting overtime hours and the use of temporary employees. Due to volatility in the regions where raw materials are grown, management anticipates the prices of raw materials to continue to fluctuate primarily based on supply and demand. Management intends to make sales price adjustments in the future to correspond with changes in raw material prices. Without the successful implementation of management’s plans, there is substantial doubt about the Company’s ability to generate enough cash flow to fund operations for the twelve months following the date these consolidated financial statements are available.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated financial statements

notes to condensed consolidated financial statements

(unaudited)

CRITICAL ACCOUNTING POLICIES

Forward-Looking Information

This report, as well as our other reports filed with the Securities and Exchange Commission (SEC), contains forward-looking statements made pursuant to the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The words “believe,” “estimate,” “anticipate,” “project,” “intend,” “expect,” “plan,” “outlook,” “forecast,” “may,” “will,” “should,” “continue,” “predict,” and similar expressions are intended to identify forward-looking statements. This report contains forward-looking statements regarding, among other topics, our expected financial position, results of operations, cash flows, strategy, and management’s plans and objectives. Accordingly, these forward-looking statements are based on assumptions about a number of important factors. While we believe that our assumptions about such factors are reasonable, such factors involve risks, and uncertainties that could cause actual results to be different from what appear here. These risk factors include: the estimation process for the retail inventory method of accounting, the ability to adequately pass through customers unanticipated future increases in raw material costs, decreased demand for products, expected orders that do not occur, loss of key customers, the impact of competition and price erosion as well as supply and manufacturing constraints, and other risks and uncertainties. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this report will prove accurate, and our actual results may differ materially from these forward-looking statements. We assume no obligation to update any forward-looking statements made herein.

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable to a smaller reporting company.

ITEM 4.CONTROLS AND PROCEDURES

(a)Evaluation of Disclosure Controls and Procedures

Chase’s management, with the participation of the Chief Executive Officer, has evaluated the effectiveness of Chase’s disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act), as of the end of the period covered by this report. Based on such evaluation, such officer has concluded that the Company’s disclosure controls and procedures are not effective as a result of a weakness in the design of internal control over financial reporting identified below.

Disclosure controls and procedures include controls and procedures designed to provide reasonable assurance that information required to be disclosed in periodic filings under the Exchange Act is accumulated and communicated to Management, including those officers, and to members of the board of directors, to allow timely decisions regarding required disclosure.

A material weakness was identified in our internal control over financial reporting due to a lack of accounting personnel with the appropriate level of knowledge, experience and training to perform an assessment of its internal controls. This has also resulted in a failure to maintain appropriate segregation of duties over system access. Management believes that this material weakness did not have an adverse effect on the Company’s financial results reported herein.

(b)Changes in Internal Control over Financial Reporting

There were no significant changes in Chase’s internal control over financial reporting or in other factors that management’s estimates are reasonably likely to materially affect Chase’s internal control over financial reporting subsequent to the date of evaluation.

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART Ii other information

ITEM 1.LEGAL PROCEEDINGS

None.

ITEM 1A.RISK FACTORS

Not applicable to a smaller reporting company.

ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.DEFAULTS UPON SENIOR SECURITIES

a.None.

b.The total cumulative preferred stock dividends contingency at March 31, 2026 is $9,197,508.

ITEM 4.MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5.OTHER INFORMATION

None.

ITEM 6.EXHIBITS

a.Exhibits.

Exhibit 31.1

Certification of Chief Executive Officer and Treasurer pursuant to Section 302 of Sarbanes-Oxley Act of 2002.

Exhibit 32.1

Certification of President and Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit 101

The following financial statements for the quarter ended March 31, 2026, formatted in iXBRL (Inline eXtensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets as of March 31, 2026 and June 30, 2025, (ii) Condensed Consolidated Statements of Operations for the Three months Ended March 31, 2026 and 2025, (iii) Condensed Consolidated Statements of Operations for the Nine months Ended March 31, 2026 and 2025, (iv) Consolidated Statements of Stockholders’ Equity for the Three and Nine months Ended March 31, 2026 and 2025, (v) Condensed Consolidated Statements of Cash Flows for the Nine months Ended March 31, 2026 and 2025, and (vi) the Notes to Condensed Consolidated Financial Statements, tagged as blocks of text.

Exhibit 104

Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

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Table of Contents

CHASE GENERAL CORPORATION AND SUBSIDIARY

PART Ii other information

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Chase General Corporation and Subsidiary
		(Registrant)

May 14, 2026		/s/ Barry M. Yantis
Date		Barry M. Yantis
		Chairman of the Board, Chief Executive Officer and
		Chief Financial Officer, President, and Treasurer

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