Premier Air Charter Holdings Inc. Files 10-Q for Q2 2025

TL;DR

Premier Air Charter Holdings Inc. filed its Q2 2025 10-Q. Based in Carlsbad, CA.

AI Summary

Premier Air Charter Holdings Inc. filed its 10-Q for the period ending June 30, 2025. The company, formerly Altair International Corp., is incorporated in Nevada and operates in the Surgical & Medical Instruments & Apparatus industry. Its principal business address is in Carlsbad, California.

Why It Matters

This filing provides investors with an update on the financial performance and operational status of Premier Air Charter Holdings Inc. during the second quarter of 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant financial events indicated in the provided snippet.

Key Numbers

• 20250630 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
• 20250815 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Premier Air Charter Holdings Inc. (company) — Filer
• Altair International Corp. (company) — Former company name
• 20250630 (date) — Reporting period end date
• 2006 PALOMAR AIRPORT ROAD SUITE 210 CARLSBAD CA 92011 (address) — Business and mailing address

FAQ

Key Financial Figures

• $0.001 — 279,848,293 shares of the registrant's $0.001 par value common stock issued and outst
• $7,108 — 4, 2023, increasing the monthly rent to $7,108. The Company entered into another lease
• $9,438 — 024 which increased the monthly rent to $9,438. Effective September 1, 2024, the Compa
• $28,371 — he Company's initial monthly payment is $28,371 increasing by a minimum of 3% per annum

Filing Documents

• prem_i10q-063025.htm (10-Q) — 570KB
• prem_ex3101.htm (EX-31.1) — 10KB
• prem_ex3201.htm (EX-32.1) — 4KB
• 0001683168-25-006197.txt ( ) — 3471KB
• prem-20250630.xsd (EX-101.SCH) — 30KB
• prem-20250630_cal.xml (EX-101.CAL) — 38KB
• prem-20250630_def.xml (EX-101.DEF) — 97KB
• prem-20250630_lab.xml (EX-101.LAB) — 259KB
• prem-20250630_pre.xml (EX-101.PRE) — 205KB
• prem_i10q-063025_htm.xml (XML) — 445KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1. Unaudited Financial Statements 4 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 24 Item 4.

Controls and Procedures

Controls and Procedures 24

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 25 Item1A.

Risk Factors

Risk Factors 25 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25 Item 3. Defaults Upon Senior Securities 25 Item 4. Mine Safety Disclosures 25 Item 5. Other Information 25 Item 6. Exhibits 26

Forward-Looking Statements

Forward-Looking Statements This Quarterly Report on Form 10-Q contains "forward-looking "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our management's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These forward-looking statements are based on information available as of the date and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in this Report, including the risks described under Item 2 - " Management's Discussion and Analysis of Financial Condition and Results of Operations " of this Report and in other documents which we file with the Securities and Exchange Commission ("SEC"). In addition, such statements could be affected by r

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS PREMIER AIR CHARTER HOLDINGS INC. (FORMERLY ALTAIR INTERNATIONAL CORP.) CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) June 30, December 31, 2025 2024 Assets Cash $ 59,266 $ 225,228 Accounts receivable, net allowance of $ 72,405 and $ 72,405 , respectively 262,249 121,833 Other receivables 218,374 461,933 Due from related parties, current portion 293,239 179,098 Prepaid expenses and other current assets 9,025 9,025 Total current assets 842,153 997,117 Property and equipment, net 7,626,832 6,444,402 Right of use assets - operating 4,995,976 5,426,543 Right of use assets - financing 11,679,946 12,003,034 Investment - related party 37,833 85,474 Maintenance reserves 3,468,423 2,795,488 Total assets $ 28,651,163 $ 27,752,058 Liabilities and Stockholder's Equity (Deficit) Accounts payable and accrued expenses $ 3,374,584 $ 2,261,700 Long-term debt, current portion 199,190 166,410 Deferred revenue 342,944 192,820 Due to related parties 2,594,639 31,144 Right of use liabilities - operating 1,292,602 1,287,785 Right of use liabilities - financing 1,091,916 1,091,916 Long-term debt, related parties, current portion 755,744 326,844 Total current liabilities 9,651,619 5,358,619 Right of use liabilities - operating, net of current portion 3,703,374 4,138,758 Right of use liabilities - financing, net of current portion 8,959,179 9,164,630 Long-term debt, net of current portion 3,604,777 3,669,352 Long-term debt, related parties, net of current portion 6,515,794 6,980,729 Total liabilities 32,434,743 29,312,088 Commitments and contingencies (Note 7) – – Stockholders' Equity (Deficit) Preferred stock: par value $ 0.001 ; 10,000 shares authorized; no shares issued and outstanding – – Common stock: par value $ 0.001 ; 5,000,000,000 shares authorized; 279,848,293 and 237,871,049 issued and outstanding, respectively 279,848 237,871

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View this 10-Q filing on SEC EDGAR