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Premier Air Charter Holdings Inc. (PREM)

Premier Air Charter Holdings Inc. (PREM)

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Balance Sheets Overview

Current Ratio
24.92%
Quick Ratio
24.92%
Debt to Asset Ratio
96.10%
Unit: Dollar
Assets Breakdown
    • Right of use assets - financing
    • Right of use assets - operating
    • Accounts receivable, net allowan...
    • Others
Liabilities Breakdown
    • Series a preferred stock par val...
    • Right of use liabilities - opera...
    • Accumulated deficit
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash
156,504
288,412
213,175
64,158
Accounts receivable, net allowance of 1,801,299 and 1,568,030 respectively
4,014,634
3,467,396
2,902,173
385,399
Other receivables
176,580
226,062
226,062
263,344
Due from related parties, current portion
196,862
181,163
60,479
88,534
Prepaid expenses and other current assets
772,043
325,883
325,883
9,025
Total current assets
5,316,623
4,488,916
3,727,772
810,460
Property and equipment gross
10,287,384
-
-
-
Less accumulated depreciation
1,404,391
-
-
-
Property and equipment, net
8,882,993
8,589,690
8,412,922
8,090,317
Right of use assets - operating
10,787,675
11,456,797
9,449,375
4,768,007
Right of use assets - financing
11,033,770
11,195,314
11,356,858
11,518,402
Investment - related party
74,264
58,851
46,240
46,240
Maintenance reserves
3,117,923
2,988,566
3,058,945
3,865,059
Total assets
39,213,248
38,778,134
36,052,112
29,098,485
Accounts payable and accrued expenses
7,063,254
6,356,275
4,838,507
3,576,181
Deferred revenue
250,123
296,776
733,785
250,368
Due to related parties
5,105,765
3,871,977
2,701,004
1,513,215
Right of use liabilities - operating
2,493,633
2,431,222
1,974,051
1,295,049
Right of use liabilities - financing
1,894,988
1,872,283
1,895,018
1,091,916
Long-term debt, current portion
4,373,736
3,849,230
4,036,728
4,753,694
Long-term debt, related parties, current portion
157,405
154,127
154,127
575,560
Total current liabilities
21,338,904
18,831,890
16,333,220
13,055,983
Right of use liabilities - operating, net of current portion
8,294,040
8,944,330
7,475,324
3,472,958
Right of use liabilities - financing, net of current portion
7,724,055
7,857,496
7,943,661
8,853,858
Long-term debt, net of current portion
0
0
0
0
Long-term debt, related parties, net of current portion
328,315
331,593
331,593
2,842,355
Total liabilities
37,685,314
35,965,309
32,083,798
28,225,154
Series a preferred stock par value 0.001 155,000 shares authorized 145,410 issued and outstanding at june 30, 2026 and december 31, 2025
9,351,465
9,351,465
9,351,465
6,419,269
Common stock par value 0.001 5,000,000,000 shares authorized 280,848,293 and 280,848,293 issued and outstanding, respectively
280,848
280,848
280,848
280,848
Additional paid-in capital
84,924
82,417
81,500
81,500
Accumulated deficit
-8,189,303
-6,901,905
-5,745,499
-5,908,286
Stockholders' equity
1,527,934
2,812,825
3,968,314
873,331
Total liabilities and total stockholders' equity
39,213,248
38,778,134
36,052,112
29,098,485
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Property and equipmentgross$10,287,384 Accounts receivable, netallowance of 1,801,299 and...$4,014,634 (1430.85%↑ Y/Y)Prepaid expenses andother current assets$772,043 (8454.49%↑ Y/Y)Due from relatedparties, current portion$196,862 (-32.87%↓ Y/Y)Other receivables$176,580 (-19.14%↓ Y/Y)Cash$156,504 (164.07%↑ Y/Y)Right of use assets -financing$11,033,770 (-5.53%↓ Y/Y)Right of use assets -operating$10,787,675 (115.93%↑ Y/Y)Property and equipment,net$8,882,993 (16.47%↑ Y/Y)Total current assets$5,316,623 (531.31%↑ Y/Y)Maintenance reserves$3,117,923 (-10.11%↓ Y/Y)Investment - related party$74,264 (96.29%↑ Y/Y)Less accumulateddepreciation$1,404,391 Total assets$39,213,248 (36.86%↑ Y/Y)Total liabilities andtotal stockholders'...$39,213,248 (36.86%↑ Y/Y)Total liabilities$37,685,314 (16.19%↑ Y/Y)Stockholders' equity$1,527,934 (140.38%↑ Y/Y)Accumulated deficit-$8,189,303 (-99.57%↓ Y/Y)Total currentliabilities$21,338,904 (121.09%↑ Y/Y)Right of useliabilities - operating, net...$8,294,040 (123.96%↑ Y/Y)Right of useliabilities - financing, net...$7,724,055 (-13.79%↓ Y/Y)Long-term debt, relatedparties, net of current...$328,315 (-94.96%↓ Y/Y)Series a preferredstock par value 0.001...$9,351,465 Common stock par value0.001 5,000,000,000...$280,848 (0.36%↑ Y/Y)Additional paid-in capital$84,924 (112.31%↑ Y/Y)Accounts payable andaccrued expenses$7,063,254 (109.31%↑ Y/Y)Due to relatedparties$5,105,765 (96.78%↑ Y/Y)Long-term debt, currentportion$4,373,736 (2095.76%↑ Y/Y)Right of useliabilities - operating$2,493,633 (92.92%↑ Y/Y)Right of useliabilities - financing$1,894,988 (73.55%↑ Y/Y)Deferred revenue$250,123 (-27.07%↓ Y/Y)Long-term debt, relatedparties, current portion$157,405 (-79.17%↓ Y/Y)