Financial Analysis

8. Commitments and Contingencies Indemnification Under the Companys amended and restated Certificate of Incorporation and amended and restated bylaws, the Company has indemnification obligations to its officers and directors for certain events or occurrences, subject to certain limits, while they are serving at the Companys request in such capacity. There have been no claims to date, and the Company has a director and officer insurance policy that may enable it to recover a portion of any amounts paid for future claims. Legal Proceedings From time to time, the Company may be involved in legal proceedings arising in the ordinary course of our business. Except as set forth below, the Company is not currently a party, and Company property is not subject to, any other material pending legal proceedings, other than ordinary routine litigation incidental to the business. On May 31, 2024, Demeter Harvest Corp. (Demeter) and Premier filed a Petition and Demand against Empyreal Jet, Inc. in the district court located in Harris County, Texas (Cause No. 2024-34231/Court: 281 claiming Breach of Contract, Promissory Estoppel seeking damages over $200,000 but no more than $1,000,000. On March 11, 2025, a former employee filed a General Civil Complaint for Damages against Premier and Innoworks Employment Services, Inc. in the Superior Court of the State of California for the County of San Diego, Central Division claiming retaliation and wrongful employment termination seeking general and sp …

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Schedule of disaggregated revenues 2025 2024 Charter sales $ 27,371,237 $ 19,538,585 Leasing arrangements 3,952,928 Management fees 51,000 103,000 Maintenance revenues 439,017 1,078,144 Other revenues 63,326 31,410 Total: $ 31,877,508 $ 20,751,139 …

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9. Income Taxes The Company recorded the following provision for income taxes for the years ended December 31: Schedule of provision for income taxes 2025 2024 Current: Federal $ $ State Total current Deferred: Federal (797,866 ) (433,537 ) State (251,626 ) (144,117 ) Total deferred (1,049,492 ) (577,654 ) Valuation allowance 1,049,492 (577,654 ) Total provision for taxes $ $ The Companys net deferred tax assets and liabilities are as follows at December 31: Schedule of deferred tax assets and liabilities 2025 2024 Net operating losses $ 1,099,798 $ 458,796 Reserves and accruals 544,425 125,935 Depreciation and amortization (17,077 ) (17,077 ) Total: 1,627,146 577,654 Valuation allowance (1,627,146 ) (577,654 ) Net deferred tax assets $ $ During the years ended December 31, 2025 and 2024, the effective rate was approximately 0 % and 0 %, respectively. The Companys federal income tax rate was 21% for the year ended December 31, 2025 and 21% for the year ended December 31, 2024. The difference between the federal statutory rate and the effective tax rate was due to a full valuation allowance on the deferred tax assets. Prior to January 1, 2024, the Company was a limited liability company whereby its income or loss is allocated to the members. The Company will not be subject to federal or state income taxes from future profits or losses. Upon the conversion to a C-corporation, the Company recorded a deferred tax liability of $ 22,990 in connection with excess depreciation taken …

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6. Notes Payable On July 25, 2020, the Company received a loan in the amount of $ 92,300 from the U.S. Small Business Administration, authorized under Section 7(b) of the Small Business Act (SBA). Installment payments, including principal and interest of $ 451 , are due monthly beginning twelve months from the loan effective date, with an interest rate of 3.75 % per annum. The outstanding balance at December 31, 2025 and 2024, was $ 0 , and $ 2,813 , respectively. In June 2024, the Company received a loan of $ 120,000 from a third party to be used in operations. The monthly loan payments of $ 11,349 commence on July 25, 2024 and continue until June 25, 2025. The loan incurs interest at a rate of 24.00 % per annum. The outstanding balance at December 31, 2025 and 2024, was $ 0 , and $ 63,546 , respectively. As part of the transfer from Demeter as noted in Note 6, the Company assumed a loan with a third party of $ 1,050,259 . The loan incurred interest at 12.0 % per annum and required monthly payments of $ 20,154 and a balloon payment of $ 1,040,169 in July 2024. The loan was secured by the aircraft. In July 2024, the aircraft securing the loan was sold and a portion of the proceeds were used to satisfy the loan. In September 2024, in connection with the purchase of an aircraft, the Company entered into a loan with a third party for $ 3.8 million. The loan incurs interest at 12.9 % per annum and requires 24 monthly payments of $ 48,377 and a balloon payment of $ 3,595,153 on Se …

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Recent Accounting Pronouncements The FASB issues ASUs to amend the authoritative literature in ASC. There have been several ASUs issued to date, that amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact on our financial statements. Accounting Standard Update 2023-09, Improvements to Income Tax Disclosures (ASU 2023-09). In December 2023, the FASB issued ASU 2023-09, which requires more detailed income tax disclosures. The guidance requires entities to disclose disaggregated information about their effective tax rate reconciliation as well as expanded information on income taxes paid by jurisdiction. The disclosure requirements will be applied on a prospective basis, with the option to apply them retrospectively. The standard is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The adoption of ASU 2023-09 on January 1, 2025 did not have a significant impact on the Companys operations other than expanded footnote disclosures . In November 2024, the FASB issued the ASC 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-04) Disaggregation of Income Statement Expenses , which requires additional disclosure of the nature of expenses included in the income statement in response to requests from investo …

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7. Related Party Transactions The tables below summarize the Companys transactions and balances with its related parties as of December 31, 2025 and 2024 and for the years ended December 31, 2025 and 2024: For the Year Ended December 31, 2025 Schedule of related parties transactions Entity Name Nature of Transactions Transaction Amount, Net During the Year Ended December 31, 2025 Outstanding Balance as of December 31, 2025 Affiliation, Terms and Conditions Due from Related Parties Demeter Harvest Charter Sales $ 16,230 $ 500 Refer to (a) Demeter N207JB Charter Sales 13,089 (24,600 ) Refer to (a) Demeter N265AV Charter Sales 20,750 Refer to (a) Demeter N555DH Charter Sales 3,493 Refer to (a) Demeter N713FL Charter Sales 2,000 Refer to (a) Demeter N813MS Charter Sales 39,067 Refer to (a) Dalrada Financial Corp . Charter Sales 7,845 Refer to (a) Genefic Charter Sales 8,500 Refer to (a) Tipp Investments Charter Sales 182,335 19,269 Refer to (a) $ 60,479 Due to Related Parties Afinida - Note Promissory note payable $ 485,720 Refer to (b) Afinida - Marketing Marketing $ 58,773 $ 1,803 Refer to (c) Innoworks Payroll Advances Accounts Payable 5,224,847 2,659,201 Refer to (b) CSL Staffing SG&A Professional Fees 29,298 Refer to (c) Tipp Investments Marketing 200,000 40,000 Refer to (c) $ 3,186,724 Others Dalrada Financial Corp . Investment $ 39,234 $ 46,240 Refer to Note 3 For the Year Ended December 31, 2024 Schedule of related parties transactions Entity Name Nature of Transactio …

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4. Aircraft Lease Agreements The Company entered into aircraft lease and management agreements with Paradigm Jet Management (Paradigm), pursuant to which the Company provided aircraft access and related services. General Description Under the terms of the agreements, the Company made aircraft available toParadigm for charter operations. The Company retained operational control of the aircraft and was responsible for providing flight services, maintenance coordination, and related support. The agreements included provisions for minimum guaranteed usage as well as variable usage based on actual flight hours. Payment Terms The agreements generally provided for: A minimum guaranteed number of flight hours, typically 50 hours per month per aircraft; An hourly rate of approximately $7,000 per flight hour; and Additional charges for certain operating costs, maintenance-related items, and other reimbursable expenses. The Customer was obligated to pay for the minimum guaranteed usage regardless of actual flight activity. Revenue Recognition Revenue under these agreements is recognized in accordance with ASC 842. Fixed minimum payments are recognized on a straight-line basis over the lease term, reflecting the Companys right to consideration as the lessee uses the underlying asset. Variable payments based on usage, such as flight hours, are recognized as lease revenue in the period in which the underlying usage occurs. Accounts Receivable and Contractual Amounts As of December 31, 2025 …

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2. Summary of Significant Accounting Policies Basis of Presentation The Companys financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Principles of Consolidation As of December 31, 2025, these financial statements contain the assets and liabilities of Premier Holdings. As disclosed above, on March 11, 2025, the operations of Premier Holdings have been consolidated. As of December 31, 2025, these financial statements do not include any of Premier Holdings operations other than the capital structure. All significant intercompany balances and transactions will be eliminated in consolidation. Use of Estimates The preparation of the Companys financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities, revenue, and expenses and the disclosure in the Companys financial statements and accompanying notes. The Company based its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. By their nature, estimates are subject to an inherent degree of uncertainty and, as such, actual results may differ from managements estimates. Significant estimates include the allowance for credit losses, determination of the incremental borrowing rate used and the classification of right of use leases, recoverability of long-lived assets, including engine reserves. Segment Report …

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10. Stockholders Equity On August 5, 2025, the Company authorized the issuance of 100,000 shares of Series A. The Series A has a stated value of $ 64.19 per share and is convertible into common stock at $ 0.04 per share. The Series A holders vote on an as converted basis. On October 21, 2025, the Company filed an amended Certificate of Designation with the Nevada Secretary of State to amend the conversion price of the Series A Preferred Stock from $0.04 per share to $ 0.25 per share. On October 29, 2025, the Company filed a Certificate of Amendment to increase the total authorized Series A shares to 155,000 . During the year ended December 31, 2025, the Company issued 1 .0 million shares of common stock for legal and business advisory services. The shares vested upon issuance which the fair market value of $ 42,500 was based upon the closing market price of the Companys common stock. During the year ended December 31, 2025, the entire value of $ 42,500 was recorded within selling, general and administrative expenses. See Note 6 for discussion of related party notes converted into Series A. …

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11. Subsequent Events On February 19, 2026, the Company appointed Gregory Johnson as an independent director of the Company. In connection with his appointment, the Company entered into an Independent Director Engagement Agreement whereby Mr. Johnson will receive an annual grant of stock options to purchase 150,000 shares of the Companys common stock, vesting over 12 months and an exercise price of $0.063 per share. …

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