For the quarter ending 2026-03-31, PREM has $38,778,134 in assets. $35,965,309 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Other receivables | - | - | 263,344 | 218,374 |
| Cash | 288,412 | 213,175 | 64,158 | 59,266 |
| Accounts receivable, net allowance of 1,801,299 and 1,568,030, respectively | 3,467,396 | 2,902,173 | 385,399 | 262,249 |
| Other receivables | 226,062 | 226,062 | - | - |
| Due from related parties, current portion | 181,163 | 60,479 | 88,534 | 293,239 |
| Prepaid expenses and other current assets | 325,883 | 325,883 | 9,025 | 9,025 |
| Total current assets | 4,488,916 | 3,727,772 | 810,460 | 842,153 |
| Property and equipment, net | 8,589,690 | 8,412,922 | 8,090,317 | 7,626,832 |
| Right of use assets - operating | 11,456,797 | 9,449,375 | 4,768,007 | 4,995,976 |
| Right of use assets - financing | 11,195,314 | 11,356,858 | 11,518,402 | 11,679,946 |
| Investment - related party | 58,851 | 46,240 | 46,240 | 37,833 |
| Maintenance reserves | 2,988,566 | 3,058,945 | 3,865,059 | 3,468,423 |
| Total assets | 38,778,134 | 36,052,112 | 29,098,485 | 28,651,163 |
| Accounts payable and accrued expenses | 6,356,275 | 4,838,507 | 3,576,181 | 3,374,584 |
| Long-term debt, related parties, current portion | - | - | 575,560 | 755,744 |
| Deferred revenue | 296,776 | 733,785 | 250,368 | 342,944 |
| Due to related parties | 3,871,977 | 2,701,004 | 1,513,215 | 2,594,639 |
| Right of use liabilities - operating | 2,431,222 | 1,974,051 | 1,295,049 | 1,292,602 |
| Right of use liabilities - financing | 1,872,283 | 1,895,018 | 1,091,916 | 1,091,916 |
| Long-term debt, current portion | 3,849,230 | 4,036,728 | 4,753,694 | 199,190 |
| Long-term debt, related parties, current portion | 154,127 | 154,127 | - | - |
| Total current liabilities | 18,831,890 | 16,333,220 | 13,055,983 | 9,651,619 |
| Right of use liabilities - operating, net of current portion | 8,944,330 | 7,475,324 | 3,472,958 | 3,703,374 |
| Right of use liabilities - financing, net of current portion | 7,857,496 | 7,943,661 | 8,853,858 | 8,959,179 |
| Long-term debt, net of current portion | 0 | 0 | 0 | 3,604,777 |
| Long-term debt, related parties, net of current portion | 331,593 | 331,593 | 2,842,355 | 6,515,794 |
| Total liabilities | 35,965,309 | 32,083,798 | 28,225,154 | 32,434,743 |
| Series a preferred stock par value 0.001 155,000 shares authorized 145,410 issued and outstanding at march 31, 2026 and december 31, 2025 | 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 | 279,848 |
| Additional paid-in capital | 82,417 | 81,500 | 81,500 | 40,000 |
| Accumulated deficit | -6,901,905 | -5,745,499 | -5,908,286 | -4,103,428 |
| Stockholders' equity | 2,812,825 | 3,968,314 | 873,331 | -3,783,580 |
| Total liabilities and total stockholders' equity | 38,778,134 | 36,052,112 | 29,098,485 | 28,651,163 |
Premier Air Charter Holdings Inc. (PREM)
Premier Air Charter Holdings Inc. (PREM)