For the quarter ending 2025-09-30, PREM has $29,098,485 in assets. $28,225,154 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 64,158 | 59,266 | ||
| Accounts receivable, net allowance of 72,405 and 72,405, respectively | 385,399 | 262,249 | ||
| Other receivables | 263,344 | 218,374 | ||
| Due from related parties, current portion | 88,534 | 293,239 | ||
| Prepaid expenses and other current assets | 9,025 | 9,025 | ||
| Total current assets | 810,460 | 842,153 | ||
| Property and equipment, net | 8,090,317 | 7,626,832 | ||
| Right of use assets - operating | 4,768,007 | 4,995,976 | ||
| Right of use assets - financing | 11,518,402 | 11,679,946 | ||
| Investment - related party | 46,240 | 37,833 | ||
| Maintenance reserves | 3,865,059 | 3,468,423 | ||
| Total assets | 29,098,485 | 28,651,163 | ||
| Accounts payable and accrued expenses | 3,576,181 | 3,374,584 | ||
| Deferred revenue | 250,368 | 342,944 | ||
| Due to related parties | 1,513,215 | 2,594,639 | ||
| Right of use liabilities - operating | 1,295,049 | 1,292,602 | ||
| Right of use liabilities - financing | 1,091,916 | 1,091,916 | ||
| Long-term debt, current portion | 4,753,694 | 199,190 | ||
| Long-term debt, related parties, current portion | 575,560 | 755,744 | ||
| Total current liabilities | 13,055,983 | 9,651,619 | ||
| Right of use liabilities - operating, net of current portion | 3,472,958 | 3,703,374 | ||
| Right of use liabilities - financing, net of current portion | 8,853,858 | 8,959,179 | ||
| Long-term debt, net of current portion | 0 | 3,604,777 | ||
| Long-term debt, related parties, net of current portion | 2,842,355 | 6,515,794 | ||
| Total liabilities | 28,225,154 | 32,434,743 | ||
| Series a preferred stock par value 0.001 100,000 shares authorized 100,000 issued and outstanding at september 30, 2025 | 6,419,269 | - | ||
| Common stock par value 0.001 5,000,000,000 shares authorized 280,848,293 and 237,871,049 issued and outstanding, respectively | 280,848 | 279,848 | ||
| Additional paid-in capital | 81,500 | 40,000 | ||
| Accumulated deficit | -5,908,286 | -4,103,428 | ||
| Stockholders' equity (deficit) | 873,331 | -3,783,580 | ||
| Total liabilities and total stockholders' equity (deficit) | 29,098,485 | 28,651,163 | ||
Premier Air Charter Holdings Inc. (PREM)
Premier Air Charter Holdings Inc. (PREM)