NextTrip Inc
For the period ended Feb 29, 2024. Filed Sep 4, 2024.
View on SEC.govAbout this filing
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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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Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| February 29, 2024 · February 28, 2023 | ||||
|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||
| Net Loss from continuing operations | $(6,656,837) | $(5,033,496) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization – property and equipment and intangibles | 1,468,762 | 707,238 | ||
| Depreciation of right of use asset | - | 12,168 | ||
| Loss on promissory note receivable | 1,567,665 | - | ||
| Stock based compensation | 116,512 | - | ||
| Gain on extinguishment of liability | (166,890) | - | ||
| Loss on sale of intangible assets | 14,718 | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (662,939) | 5,053 | ||
| Prepaid expenses | (281,506) | 48,796 | ||
| Security deposit | (27,167) | - | ||
| Right of use lease liability | - | (18,697) | ||
| Accounts payable and accrued expenses | (531,367) | 533,193 | ||
| Deferred revenue | 102,954 | (46,855) | ||
| Net cash used in operating activities from continuing operations | (5,056,095) | (3,792,600) | ||
| Net cash used in operating activities from discontinued operations | (675,314) | - | ||
| Net cash used in operating activities | (5,731,409) | (3,792,600) | ||
| Cash Flows from Investing activities: | ||||
| Purchase of equipment | (9,253) | (2,928) | ||
| Capitalized software development costs | (1,016,175) | (2,354,094) | ||
| Promissory note – related party | - | (1,933,908) | ||
| Reverse acquisition of Sigma Additive Solutions, Inc. | 417,122 | - | ||
| Sale of Sigma Additive Solutions, Inc. assets | 1,589,241 | - | ||
| Net cash provided (used) in investing activities | 980,935 | (4,290,930) | ||
| Cash Flows from Financing Activities: | ||||
| Proceeds from notes payable - related party | - | 281,000 | ||
| Proceeds from issuance of convertible notes | 735,057 | 3,233,503 | ||
| Proceeds from issuances of common shares | 1,905,970 | - | ||
| Proceeds from issuances of preferred shares | 1,603,500 | - | ||
| Advances from related party, net | 547,277 | 4,620,452 | ||
| Net cash provided by financing activities | 4,791,804 | 8,134,955 | ||
| Increase in cash | 41,330 | 51,425 | ||
| Cash - beginning of the period | 282,475 | 231,050 | ||
| Cash - end of the period | $323,805 | $282,475 | ||
| Supplemental cash flow information | ||||
| Cash paid for interest | $4,381 | $1,769 | ||
| Cash paid for taxes | $ | - | $ | - |
| Non-Cash Financing Transactions | ||||
| Issuance of preferred shares for services | $569,000 | $ | - | |
| Issuance of preferred shares for perpetual software license | $362,000 | $ | - | |
| Conversion of convertible notes | $3,968,507 | $ | - | |
| Preferred stock dividends | $7,125 | $ | - | |
| Issuance of common shares for services | $13,106 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.