NextTrip Inc
For the period ended Feb 28, 2025. Filed May 29, 2025.
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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 Operations
CONSOLIDATED STATEMENTS OF OPERATIONS
| February 28, 2025 | February 29, 2024 | |
|---|---|---|
| Revenue | $501,423 | $458,752 |
| Cost of revenue (exclusive of depreciation and amortization, shown separately below) | (498,121) | (397,532) |
| Gross profit | 3,302 | 61,220 |
| Operating Expenses | ||
| Salaries and benefits | 2,630,663 | 1,604,487 |
| Stock based compensation | 67,874 | 116,512 |
| General and administrative | 95,341 | 152,106 |
| Sales and marketing | 307,166 | 484,250 |
| Professional Service Fees | 2,228,481 | 1,421,508 |
| Technology | 843,296 | 311,430 |
| Organization Costs | 213,613 | 25,000 |
| Depreciation and amortization | 713,236 | 1,468,762 |
| Other expenses | 317,061 | 156,522 |
| Total Operating Expenses | 7,416,731 | 5,740,577 |
| Operating loss | (7,413,429) | (5,679,357) |
| Other Income/(Expenses) | ||
| Loss on disposal of assets | (90) | (14,718) |
| Gain (Loss) on extinguishment of liability | (1,134,579) | 166,890 |
| Loss on promissory note receivable | (1,000,000) | (1,567,665) |
| Interest income (expense), net | (589,039) | (48,620) |
| Other Income (expense) | 16,099 | 486,633 |
| Total other income (expense) | (2,707,609) | (977,480) |
| Net loss from continuing operations before taxes | (10,121,038) | (6,656,837) |
| Provision for income taxes | - | - |
| Net loss from continuing operations before share of net income (loss) in equity method investee | $(10,121,038) | $(6,656,837) |
| Share of net loss of equity method investee | (7,390) | - |
| Net loss from continuing operations | (10,128,428) | (6,656,837) |
| Net income (loss) from discontinued operations, net of taxes | 8,344 | (675,314) |
| Net loss | (10,120,084) | (7,332,151) |
| Preferred Dividends | (78,600) | (7,125) |
| Net Loss Applicable to Common Stockholders | $(10,198,684) | $(7,339,276) |
| Basic and diluted loss per common share from continuing operations(*) | $(2.24) | $(29.16) |
| Basic and diluted loss per common share from discontinued operations (*) | $0.01 | $(2.96) |
| Basic and diluted loss per common share (*) | $(2.23) | $(32.12) |
| Basic and diluted weighted average number of common shares (*) | 4,566,787 | 228,274 |
| * | On December 29, 2023, the Company (then known as Sigma Additive Solutions, Inc.) acquired NTH in a reverse acquisition. 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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