NextTrip Inc
For the period ended Feb 28, 2025. Filed May 29, 2025.
View on SEC.govAbout 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.
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.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| February 28, 2025 · February 29, 2024 | ||||
|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||
| Net Loss from continuing operations | $(10,128,428) | $(6,656,837) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization – property and equipment and intangibles | 713,236 | 1,468,762 | ||
| Amortization of Debt Discount | 342,935 | - | ||
| Amortization of prepaid expenses | 236,112 | - | ||
| Loss on promissory note receivable | 1,000,000 | 1,567,665 | ||
| Stock based compensation | 67,874 | 116,512 | ||
| (Gain) loss on extinguishment of liability | 1,134,579 | (166,890) | ||
| Loss on disposal of assets | 90 | 14,718 | ||
| Loss on share of net income in equity method investee | 7,390 | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 11,515 | (662,939) | ||
| Prepaid expenses | 159,343 | (281,506) | ||
| Security deposit | 12,000 | (27,167) | ||
| Accounts payable and accrued expenses | 1,397,007 | (531,367) | ||
| Deferred revenue | (42,151) | 102,954 | ||
| Net cash used in operating activities from continuing operations | (5,088,498) | (5,056,095) | ||
| Net cash provided (used) in operating activities from discontinued operations | 8,344 | (675,314) | ||
| Net cash used in operating activities | (5,080,154) | (5,731,409) | ||
| Cash Flows from Investing activities: | ||||
| Purchase of equipment | - | (9,253) | ||
| Capitalized software development costs | (534,751) | (1,016,175) | ||
| Sale of Sigma Additive Solutions, Inc. assets | - | 1,589,241 | ||
| Investment in equity method investee | (500,000) | - | ||
| Reverse acquisition of Sigma Additive Solutions, Inc. | - | 417,122 | ||
| Sale of assets | 1,000 | - | ||
| Net cash provided (used) in investing activities | (1,033,751) | 980,935 | ||
| Cash Flows from Financing Activities: | ||||
| Notes payable | 1,967,224 | - | ||
| Issuance of convertible notes | - | 735,057 | ||
| Issuances of common shares | - | 1,905,970 | ||
| Issuances of preferred shares | 2,450,000 | 1,603,500 | ||
| Exercise of warrants | 316,994 | - | ||
| Advances from related party, net | 2,118,249 | 547,277 | ||
| Net cash provided by financing activities | 6,852,467 | 4,791,804 | ||
| Increase in cash | 738,562 | 41,330 | ||
| Cash - beginning of the period | 323,805 | 282,475 | ||
| Cash - end of the period | $1,062,367 | $323,805 | ||
| Supplemental cash flow information | ||||
| Cash paid for interest | $91,680 | $4,381 | ||
| Cash paid for taxes | $ | - | $ | - |
| Non-Cash Financing Transactions | ||||
| Issuance of preferred shares for services | $329,520 | $569,000 | ||
| Issuance of common shares for services | $706,870 | $13,106 | ||
| Issuance of common shares as commitment shares | $100,000 | $ | - | |
| Issuance of common warrants for services | $1,371,072 | $ | - | |
| Issuance of common shares for equity investments | $24,356 | $ | - | |
| Issuance of preferred shares for equity investments | $2,915,000 | $ | - | |
| Issuance of preferred shares for perpetual software license | $ | - | $362,000 | |
| Conversion of convertible notes | $ | - | $3,968,507 | |
| Preferred stock dividends | $78,600 | $7,125 | ||
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