NextTrip Inc
For the period ended Feb 29, 2024. Filed Sep 4, 2024.
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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 Operations
CONSOLIDATED STATEMENTS OF OPERATIONS
| February 29, 2024 · February 28, 2023 | |||
|---|---|---|---|
| Revenue | $458,752 | $382,832 | |
| Cost of revenue (exclusive of depreciation and amortization, shown separately below) | (397,532) | (354,921) | |
| Gross profit | 61,220 | 27,911 | |
| Operating Expenses | |||
| Salaries and benefits | 1,604,487 | 2,124,296 | |
| Stock based compensation | 116,512 | - | |
| General and administrative | 152,106 | 209,561 | |
| Sales and marketing | 484,250 | 707,137 | |
| Professional Service Fees | 1,421,508 | 615,432 | |
| Technology | 311,430 | 551,418 | |
| Organization Costs | 25,000 | - | |
| Depreciation and amortization | 1,468,762 | 707,238 | |
| Other expenses | 156,522 | 64,684 | |
| Total Operating Expenses | 5,740,577 | 4,979,766 | |
| Operating loss | (5,679,357) | (4,951,855) | |
| Other Income/(Expenses) | |||
| Loss on disposal of assets | (14,718) | - | |
| Gain on extinguishment of liability | 166,890 | - | |
| Loss on promissory note receivable | (1,567,665) | - | |
| Interest income (expense), net | (48,620) | (71,871) | |
| Other Income (expense) | 486,633 | (9,770) | |
| Total other income (expense) | (977,480) | (81,641) | |
| Net loss from continuing operations before taxes | (6,656,837) | (5,033,496) | |
| Provision for income taxes | - | - | |
| Net loss from continuing operations | $(6,656,837) | $(5,033,496) | |
| Net loss from discontinued operations, net of taxes | (675,314) | - | |
| Net loss | (7,332,151) | (5,033,496) | |
| Preferred Dividends | (7,125) | - | |
| Net Loss Applicable to Common Stockholders | $(7,339,276) | $(5,033,496) | |
| Basic and diluted loss per common share from continuing operations(*) | $(29.16) | $(70.32) | |
| Basic and diluted loss per common share from discontinued operations (*) | $(2.96) | $ | - |
| Basic and diluted loss per common share (*) | $(32.12) | $(70.32) | |
| Basic and diluted weighted average number of common shares (*) | 228,274 | 71,581 | |
| * | 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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