NextTrip Inc
For the period ended Feb 29, 2024. Filed Sep 4, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Sep 4, 2024
NTRP$1.15+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
CONSOLIDATED BALANCE SHEETS
As of February 29, 2024 and February 28, 2023
| 2024 · 2023 | |||
|---|---|---|---|
| ASSETS | |||
| Cash and cash equivalents | $323,805 | $282,475 | |
| Promissory note receivable, net | 1,000,000 | 1,933,908 | |
| Accounts receivable, net | 34,082 | - | |
| Prepaid expenses and other current assets | 340,921 | 8,613 | |
| Total Current Assets | 1,698,808 | 2,224,996 | |
| Non-Current assets | |||
| Property and equipment, net | 6,642 | 16,226 | |
| Intangible assets, net | 2,173,420 | 2,607,670 | |
| Security deposit | 42,167 | 15,000 | |
| Goodwill | 1,167,805 | - | |
| Right of Use Asset | - | 1,020,443 | |
| Total Non-Current Assets | 3,390,034 | 3,659,339 | |
| Total Assets | $5,088,842 | $5,884,335 | |
| LIABILITIES | |||
| Current Liabilities | |||
| Accounts payable | $531,847 | $519,136 | |
| Accrued expenses | 460,768 | 329,922 | |
| Convertible Notes | - | 3,233,503 | |
| Deferred revenue | 139,921 | 22,750 | |
| Notes payable - related parties | 828,277 | 281,000 | |
| Operating Lease Liability – Short Term | - | 149,339 | |
| Total Current Liabilities | 1,960,813 | 4,535,650 | |
| Non- Current Liabilities | |||
| Operating Lease Liability – Long Term | $ | - | $864,575 |
| Total Non-Current Liabilities | - | 864,575 | |
| Total Liabilities | 1,960,813 | 5,400,225 | |
| Commitments and Contingencies | - | - | |
| Stockholder’s Equity | |||
| Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 472,996 and 0 shares issued and outstanding, respectively | 474 | - | |
| Common Stock, par value $0.001, 1,200,000 shares authorized, 936,430 and 83,371 shares issued and outstanding, respectively (*) | 936 | 83 | |
| Additional Paid in Capital (*) | 27,277,758 | 17,295,890 | |
| Accumulated deficit | (24,151,139) | (16,811,863) | |
| Total Stockholders’ Equity | 3,128,029 | 484,110 | |
| Total Liabilities and Stockholders’ Equity | $5,088,842 | $5,884,335 | |
| * | On December 29, 2023, Sigma Additive Solutions, Inc. acquired NextTrip in a reverse acquisition. NextTrip Group, LLC was issued 83,371 shares of Sigma Additive Solutions, Inc. common stock in exchange for 100% of the issued and outstanding capital stock of NextTrip at the time of the reverse acquisition. The Company has reflected this transaction retroactively in these financial statements. |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.