NextTrip, Inc.

For the period ended Feb 28, 2026. Filed May 29, 2026.

About this filing

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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Contents

Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

February 28, 2026 · February 28, 2025
Cash Flows from Operating Activities:
Net Loss from continuing operations		$(15,911,934)		$(10,128,428)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization – property and equipment and intangibles		1,097,804		713,236
Amortization of Debt Discount		687,037		342,935
Provision for credit loss		315,495		-
Shares issued for professional services		4,760,992		236,112
Asset impairment charge		463,860		-
Gain on derivative liability		(50,000)		-
Loss on promissory note receivable		-		1,000,000
Stock based compensation - employees		193,125		67,874
Stock based compensation – former directors		2,356,769		-
Loss on extinguishment of liability		95,600		1,134,579
Write-off of prepaid offering costs		130,100		-
Loss on disposal of assets		-		90
Loss on share of net income in equity method investee		11,307		7,390
Changes in operating assets and liabilities:
Accounts receivable		(96,601)		11,515
Related party receivable		(315,495)		-
Prepaid expenses		44,549		159,343
Security deposit		(10,000)		12,000
Accounts payable and accrued expenses		(432,142)		1,397,007
Deferred revenue		1,558,220		(42,151)
Licensing & royalty payment obligations, current portion		136,582		-
Licensing & royalty payment obligations, net of current portion		305,090		-
SBA Loan		98,179		-
Net cash used in operating activities from continuing operations		(4,561,463)		(5,088,498)
Net cash provided in operating activities from discontinued operations		-		8,344
Net cash used in operating activities		(4,561,463)		(5,080,154)
Cash Flows from Investing activities:
Capitalized software development costs		(109,000)		(534,751)
Investment in equity method investee		(25,000)		(500,000)
Sale of assets		-		1,000
GoUSA asset purchase		(645,000)		-
TA Pipeline LLC acquisition		(443,168)		-
FSA Travel LLC acquisition		(900,000)		-
JOURNY.tv asset purchase		(599,800)		-
Net cash used in investing activities		(2,721,968)		(1,033,751)
Cash Flows from Financing Activities:
Notes payable		(362,999)		1,967,224
Issuances of common shares		5,301,800		-
Offering Costs		(295,072)		-
Proceeds from issuance of preferred shares		560,000		2,450,000
Exercise of warrants		-		316,994
Advances from related party, net		2,713,425		2,118,249
Net cash provided by financing activities		7,917,154		6,852,467
Increase in cash		633,723		738,562
Cash - beginning of the period		1,062,367		323,805
Cash - end of the period		$1,696,090		$1,062,367
Supplemental cash flow information
Cash paid for interest		$376,516		$91,680
Cash paid for taxes	$	-	$	-
Non-Cash Financing Transactions
Issuance of preferred shares for services	$	-		$329,520
Issuance of common shares for services		$3,630,483		$706,870
Issuance of common shares as commitment shares	$	-		$100,000
Issuance of common warrants for services		$245,890		$1,371,072
Issuance of common shares for equity investments		$5,301,800		$24,356
Issuance of preferred shares for equity investments		$560,000		$2,915,000
Preferred stock dividends		$335,662		$78,600

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.