NextTrip Inc
For the period ended Feb 28, 2025. Filed May 29, 2025.
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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.
FY2025 · Filed May 29, 2025
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, 2025 and February 29, 2024
| 2025 | 2024 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $1,062,367 | $323,805 |
| Promissory note receivable, net | - | 1,000,000 |
| Accounts receivable, net | 22,567 | 34,082 |
| Prepaid expenses and other current assets | 1,380,575 | 340,921 |
| Total Current Assets | 2,465,509 | 1,698,808 |
| Non-Current assets | ||
| Property and equipment, net | 4,119 | 6,642 |
| Intangible assets, net | 2,127,368 | 2,173,420 |
| Security deposit | 30,167 | 42,167 |
| Goodwill | 1,167,805 | 1,167,805 |
| Equity investments | 3,407,610 | - |
| Other prepaid assets | 733,575 | - |
| Total Non-Current Assets | 7,470,644 | 3,390,034 |
| Total Assets | $9,936,153 | $5,088,842 |
| LIABILITIES | ||
| Current Liabilities | ||
| Accounts payable | $1,184,404 | $531,847 |
| Accrued expenses | 721,382 | 460,768 |
| Deferred revenue | 97,770 | 139,921 |
| Notes payable | 506,004 | - |
| Notes payable - related parties | 61,526 | 828,277 |
| Total Current Liabilities | 2,571,086 | 1,960,813 |
| Total Liabilities | 2,571,086 | 1,960,813 |
| Commitments and Contingencies | - | - |
| Stockholder’s Equity | ||
| Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 3,106,616 and 472,996 shares issued and outstanding, respectively | 3,107 | 474 |
| Common Stock, par value $0.001, 250,000,000 and 1,200,000 shares authorized, 1,656,738 and 936,430 shares issued and outstanding, respectively (*) | 1,657 | 936 |
| Additional Paid in Capital (*) | 41,710,126 | 27,277,758 |
| Accumulated deficit | (34,349,823) | (24,151,139) |
| Total Stockholders’ Equity | 7,365,067 | 3,128,029 |
| Total Liabilities and Stockholders’ Equity | $9,936,153 | $5,088,842 |
| * | On December 29, 2023, the Company (then known as Sigma Additive Solutions, Inc.) acquired NextTrip Holdings, Inc. (“NTH”) in a reverse acquisition. NextTrip Group, LLC (“NTG”) was issued 83,371 shares of Company common stock in exchange for 100% of the issued and outstanding capital stock of NTH 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.