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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Premier Pacific Construction Inc (GM) | USOTC:PPCQ | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.000001 | 0.000001 | 0.00 | 01:00:00 |
PREMIER PACIFIC CONSTRUCTION, INC.
|
(exact name of registrant as specified in its charter)
|
NEVADA
|
|
90-0920687
|
(State or other jurisdiction
of incorporation or organization)
|
|
(I.R.S. Employer
Identification Number)
|
13103 GOLDEN WAY
POWAY, CA 92064
|
(Address of principal executive offices) (zip code)
|
|
Large accelerated filer
|
☐
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|
Accelerated filer
|
☐
|
|
Non-accelerated filer
|
☐
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(Do not check if smaller reporting company)
|
Smaller reporting company
|
☒
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BID PRICE PER SHARE
|
|||||||
Quarters Ended
|
HIGH
|
LOW
|
||||||
December 31 2016
|
$
|
0.20
|
$
|
0.20
|
||||
September 30, 2016
|
$
|
0.30
|
$
|
0.30
|
||||
June 30, 2016
|
$
|
0.51
|
$
|
0.51
|
||||
March 31, 2016
|
$
|
3.00
|
$
|
3.00
|
||||
December 31 2015
|
$
|
2.00
|
$
|
1.45
|
||||
September 30, 2015
|
$
|
2.00
|
$
|
0.05
|
||||
June 30, 2015
|
$
|
0.05
|
$
|
0.05
|
||||
March 31, 2015
|
$
|
n/a
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$
|
n/a
|
|
Year Ended
|
|||||||
|
December 31,
|
|||||||
|
2016
|
2015
|
||||||
Revenue
|
$
|
16,060
|
$
|
81,429
|
||||
Cost of goods sold
|
$
|
8,155
|
$
|
50,074
|
||||
Operating Expenses
|
$
|
(38,141
|
)
|
$
|
(63,585
|
)
|
||
Net Income (Loss)
|
$
|
(30,236
|
)
|
$
|
(32,230
|
)
|
Index
|
||
Statements of Operations
|
||||||||
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||||||||
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||||||||
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Year Ended
|
Year Ended
|
||||||
|
December 31,
2016
|
December 31,
2015
|
||||||
|
||||||||
Revenue
|
||||||||
Construction income
|
$
|
16,060
|
$
|
81,429
|
||||
Total revenue
|
16,060
|
81,429
|
||||||
|
||||||||
Cost of goods sold
|
||||||||
Job related costs
|
8,155
|
50,074
|
||||||
Gross profit
|
7,905
|
31,355
|
||||||
|
||||||||
Operating costs
|
||||||||
General, administrative and professional fees
|
38,141
|
63,585
|
||||||
Total operating costs
|
38,141
|
63,585
|
||||||
|
||||||||
Net Income (loss)
|
$
|
(30,236
|
)
|
$
|
(32,230
|
)
|
||
|
||||||||
Basic and dilutive earnings per share
|
$
|
(0.01
|
)
|
$
|
(0.01
|
)
|
||
|
||||||||
Weighted average number of
|
||||||||
common shares outstanding basic and diluted
|
5,164,082
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5,144,000
|
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
|
PREMIER PACIFIC CONSTRUCTION, INC.
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
|
December 31,
2016
|
December 31,
2015
|
|||||||
Deferred tax assets:
|
||||||||
Net operating tax carry-forward
|
$
|
95,725
|
$
|
65,489
|
||||
Tax rate
|
34
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%
|
34
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%
|
||||
Gross deferred tax assets
|
32,546
|
22,266
|
||||||
Valuation allowance
|
(32,546
|
))
|
(22,266
|
)
|
||||
Net deferred tax assets
|
$
|
-0-
|
-0-
|
PREMIER PACIFIC CONSTRUCTION, INC.
NOTES TO FINANCIAL STATEMENTS
December 31, 2016 and 2015
|
●
|
Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;
|
●
|
Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and
|
●
|
Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
|
Name
|
|
Age
|
|
Position(s) and Office(s) Held
|
Richard Francella
|
|
46
|
|
President, Chief Executive Officer, Chief Financial Officer, Secretary and Director
|
|
●
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Any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time,
|
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●
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Any conviction in a criminal proceeding or being subject to any pending criminal proceeding (excluding traffic violations and other minor offenses);
|
|
●
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Being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his or her involvement in any type of business, securities or banking activities,; or
|
|
●
|
Being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.
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(a)
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(b)
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(c)
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(d)
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(e)
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(f)
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(g)
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(h)
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(i)
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(j)
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Change in
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Pension
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Value &
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Nonquali-
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Non-Equity
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fied
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||
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Incentive
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Deferred
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All
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||
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Plan
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Compen-
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Other
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Name and
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Stock
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Option
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Compen-
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sation
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Compen-
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Principal
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Salary
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Bonus
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Awards
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Awards
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sation
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Earnings
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sation
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Totals
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Position
[1]
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Year
|
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($)
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($)
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($)
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($)
|
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($)
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($)
|
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($)
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($)
|
|
Richard Francella President, CEO, CFO, Secretary
(1)
|
2016
2015
|
0
0
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0
0
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0
0
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0
0
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0
0
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0
0
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0
0
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0
0
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(1)
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Richard Francella has served as the Company's President and CEO since inception. He was appointed as the Company's CFO and Secretary upon the resignation of Sara Francella in December 2013.
|
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
|
|||||||||||||||||||
OPTION AWARDS |
STOCK AWARDS
|
||||||||||||||||||
Name
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|
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
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Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
|
|
Equity
Incentive
Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
|
|
Option
Exercise
Price
($)
|
|
Option
Expiration
Date
|
|
Number
of
Shares
or Shares
of
Stock That
Have
Not
Vested
(#)
|
|
Market
Value
of
Shares
or
Shares
of
Stock
That
Have
Not
Vested
($)
|
|
Equity
Incentive
Plan
Awards:
Number
of
Unearned
Shares,
Shares or
Other
Rights
That Have
Not
Vested
(#)
|
|
Equity
Incentive
Plan
Awards:
Market or
Payout
Value of
Unearned
Shares,
Shares or
Other
Rights
That
Have Not
Vested
(#)
|
|
Richard Francella
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0
|
|
0
|
|
0
|
|
0
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n/a
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0
|
|
0
|
|
0
|
|
0
|
(a)
|
|
|
|
(b)
|
|
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(c)
|
|
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(d)
|
|
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(e)
|
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(f)
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(g)
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(h)
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|||||||
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Change in
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|
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|
|||||||
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Pension
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|||||||
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Fees
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Value and
|
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|
|
|
|
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|
|||||||
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|
|
Earned
|
|
|
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|
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|
Non-Equity
|
|
|
Nonqualified
|
|
|
All
|
|
|
|
|
|||||||
|
|
|
|
or
|
|
|
|
|
|
|
|
|
Incentive
|
|
|
Deferred
|
|
|
Other
|
|
|
|
|
|||||||
|
|
|
|
Paid in
|
|
|
Stock
|
|
|
Option
|
|
|
Plan
|
|
|
Compensation
|
|
|
Compen-
|
|
|
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|
|||||||
|
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|
|
Cash
|
|
|
Awards
|
|
|
Awards
|
|
|
Compensation
|
|
|
Earnings
|
|
|
sation
|
|
|
Total
|
|
|||||||
Name
|
|
|
|
($)
|
|
|
($)
|
|
|
($)
|
|
|
($)
|
|
|
($)
|
|
|
($)
|
|
|
($)
|
|
|||||||
Richard
|
|
2016
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Francella
(1)
|
|
2015
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
(1)
|
Richard Francella served as the Company's Director since its inception.
|
Title of Class
|
|
Name of
Beneficial Owner
(1)
|
|
Amount of
Beneficial Ownership
|
|
|
Percent of Class*
|
|
||
|
|
|
|
|
|
|
|
|
||
Common
|
|
Richard Francella
President, CEO, CFO, Secretary and Director
|
|
|
4,000,000
|
|
|
|
77.38
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Common
|
|
Total all executive officers and directors
|
|
|
4,000,000
|
|
|
|
77.38
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Common
|
|
Richard Francella
|
|
|
4,000,000
|
|
|
|
77.38
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Common
|
|
Total 5% Shareholders
|
|
|
4,000,000
|
|
|
|
77.38
|
%
|
(1)
|
As used in this table, "beneficial ownership" means the sole or shared power to vote, or to direct the voting of, a security, or the sole or shared investment power with respect to a security (i.e., the power to dispose of, or to direct the disposition of, a security). In addition, for purposes of this table, a person is deemed, as of any date, to have "beneficial ownership" of any security that such person has the right to acquire within 60 days after such date.
|
|
Year Ended
December 31
|
|||||||
Services Provided by MaloneBailey, LLP
|
2016
|
2015
|
||||||
Audit Fees
|
$
|
17,000
|
$
|
18,100
|
||||
Audit Related Fees
|
-
|
-
|
||||||
Tax Fees
|
-
|
-
|
||||||
All Other Fees
|
-
|
-
|
||||||
Total
|
$
|
17,000
|
$
|
18,100
|
Number
|
|
Description
|
|
|
|
|
|
|
|
|
|
|
|
|
101.INS *
|
|
XBRL Instance Document
|
|
|
|
101.SCH *
|
|
XBRL Taxonomy Extension Schema Document
|
|
|
|
101.CAL *
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
|
|
101.DEF *
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
|
|
101.LAB *
|
|
XBRL Taxonomy Extension Label Linkbase Document
|
|
|
|
101.PRE *
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
PREMIER PACIFIC CONSTRUCTION, INC.
|
|
|
|
|
|
/s/ Richard Francella
|
|
By: Richard Francella, President, CEO, CFO, Secretary and Sole Director
|
|
(Principal Executive Officer and Principal Financial Officer)
|
|
PREMIER PACIFIC CONSTRUCTION, INC.
|
|
|
|
|
|
/s/ Richard Francella
|
|
By: Richard Francella, President, CEO, CFO, Secretary and Sole Director
|
|
(Principal Executive Officer and Principal Financial Officer)
|
1 Year Premier Pacific Construc... (GM) Chart |
1 Month Premier Pacific Construc... (GM) Chart |
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