ASRE: the balance sheet

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For the quarter ending 2025-05-31, ASRE has $7,889,919 in assets. $13,376,391 in debts.

Unit: Dollar

Balance Sheets	2025-05-31
Prepaid loan fee	2,465,200
Other receivable (note 8)	660,020
Other current assets	51,107
Cash	9,646
Other receivable - related party	0
Loan receivable	125,000
Total current assets	3,310,973
Automobile, net of depreciation	16,456
Operating leases, right of use assets (note 7)	4,562,490
Investment (note 6)	0
License, net of amortization (note 5)	0
Total assets	7,889,919

Operating lease liability - current portion	129,593
Notes payable - (note 10)	200,000
Accrued interest payable	2,052,322
Accounts payable	1,867,959
Refundable deposits	915,000
Note payable - related party (note 10)	2,710,500
Accounts payable - related parties (note 9)	1,068,121
Total current liabilities	8,943,495
Operating lease liability - net of current portion (note 7)	4,432,896
Total liabilities	13,376,391
Stock subscriptions receivable	5,000
Accumulated deficit	-62,021,274
Preferred stock value-Series DPreferred Stock	305
Preferred stock value-Series CPreferred Stock	748
Preferred stock value-Series BPreferred Stock	0
Preferred stock value-Series APreferred Stock	8
Preferred stock value-Series AOne Preferred Stock	0
Common stock, 0.001 par value 100,000,000 shares authorized 75,110,382 and 72,810,382 shares issued and outstanding, respectively	75,110
Additional paid-in capital	56,463,631
Common stock to be issued	0
Total stockholders' equity (deficit)	-5,486,472
Total liabilities and stockholders' equity	7,889,919

Unit: Dollar