NextTrip, Inc.
For the period ended Feb 28, 2026. Filed May 29, 2026.
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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.
FY2026 · Filed May 29, 2026
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 28, 2026 and February 28, 2025
| 2026 | 2025 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $1,696,090 | $1,062,367 |
| Accounts receivable, net | 119,168 | 22,567 |
| Prepaid expenses and other current assets | 1,336,026 | 1,380,575 |
| Total Current Assets | 3,151,284 | 2,465,509 |
| Non-Current assets | ||
| Property and equipment, net | 1,603 | 4,119 |
| Intangible assets, net | 4,258,220 | 2,127,368 |
| Security deposit | 40,167 | 30,167 |
| Goodwill | 3,123,684 | 1,167,805 |
| Equity investments | 2,502,000 | 3,407,610 |
| Other prepaid assets | - | 733,575 |
| Total Non-Current Assets | 9,925,674 | 7,470,644 |
| Total Assets | $13,076,958 | $9,936,153 |
| LIABILITIES | ||
| Current Liabilities | ||
| Accounts payable | $725,541 | $1,184,404 |
| Accrued expenses | 748,103 | 721,382 |
| Deferred revenue | 1,655,990 | 97,770 |
| Derivative liability | 80,000 | - |
| Contingent consideration | 180,000 | - |
| Licensing & royalty payment obligations, current portion | 136,582 | - |
| Notes payable | 386,072 | 506,004 |
| Notes payable - related parties | - | 61,526 |
| Total Current Liabilities | 3,912,288 | 2,571,086 |
| Non-Current Liabilities | ||
| SBA EIDL Loan | 98,179 | - |
| Licensing & royalty payment obligations, net of current portion | 305,090 | - |
| Line of credit - related parties | 3,000,000 | - |
| Total Non-Current Liabilities | 3,403,269 | - |
| Total Liabilities | 7,315,557 | 2,571,086 |
| Commitments and Contingencies (Note 19) | - | - |
| Mezzanine Equity (Note 20) | ||
| Common Stock, $0.001 par value; 250,000,000 shares authorized; 96,774 and 0 shares issued and outstanding, respectively | 387,000 | - |
| Stockholders’ Equity | ||
| Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 100,316 and 3,106,616 shares issued and outstanding, respectively | 101 | 3,107 |
| Common Stock, par value $0.001; 250,000,000 shares authorized, 13,978,171 and 1,656,738 shares issued and outstanding, respectively | 13,979 | 1,657 |
| Additional Paid in Capital | 55,957,740 | 41,710,126 |
| Accumulated deficit | (50,597,419) | (34,349,823) |
| Total Stockholders’ Equity | 5,374,401 | 7,365,067 |
| Total Liabilities and Stockholders’ Equity | $13,076,958 | $9,936,153 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.