NextTrip, Inc.
For the period ended Aug 31, 2026. Filed Oct 15, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 31, 2026 · Filed Oct 15, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-05-31; filed 2026-07-15.
0001493152-26-033385
ITEM 1A. RISK FACTORSCurrent report: 10-Q
Period ended 2026-08-31; filed 2026-10-15.
0001437749-26-032722
ITEM 1A. RISK FACTORSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 4 previous paragraphs and 4 current paragraphs.
2 unchanged; 1 reworded; 1 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1)
Current report
As of August 31, 2026, we had $ 1,145,136 in cash and a working capital deficit of $3,195,601, and our operating activities used $4.8 million of cash during the six months then ended. Our existing cash and anticipated revenues are not sufficient to fund our operations, and we estimate that we will require a minimum of $5.5 million over the next twelve months, which excludes the scheduled installments on the Lind Note described below. Our current sources of additional capital are limited to (i) advances under our $3.5 million line of credit with Monaco Investment Partners II, LP ("MIP"), an entity controlled by the Chairman of our Board, of which $485,000 was drawn after August 31, 2026 and (ii) sales of common stock under our at-the-market offering agreement with Titan Partners Securities LLC. Neither is assured, and we have no other committed sources of financing. If we are unable to obtain financing on acceptable terms, we may be required to delay, limit or terminate our operations and may lose our Nasdaq listing.
Removed paragraphs (1)
Previous report
As of May 31, 2026, we had $803,490 in cash and a working capital deficit of $1,599,429. Our existing cash on hand and anticipated revenues are not sufficient to fund our anticipated operating costs. We will need to raise additional financing to fund our operations, maintain compliance with the Nasdaq continued listing requirements and implement our business plan. There is no assurance as to the amount and availability of any required future financing or the terms thereof. Such financing, if in the form of equity, may be highly dilutive to our existing stockholders and may otherwise include onerous terms. If in the form of debt, such financing may include covenants and repayment obligations which may be difficult to meet and that could adversely affect our business operations. We have no current understanding or arrangement to obtain any additional financing. To the extent that funds are not available to us, we may be required to delay, limit, or terminate our business operations and may lose our Nasdaq listing.
Reworded paragraphs (1)
Previous wording
In light of the foregoing, there is substantial doubt about our ability to continue as a going concern for 12 months from the date of the filing of this Quarterly Report.
Current wording
In light of the foregoing, there is substantial doubt about our ability to continue as a going concern within one year after the date that these financial statements are issued.