10-Q
Quarterly Report
NextTrip, Inc.
NTRP
NASDAQ
CIK: 788611
File #: 001-38015
Balance Sheet
58 line items · 2 periods
XBRL
| Item | Aug 31, 2026 | Feb 28, 2026 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 1,145,136 | 1,696,090 |
Accounts receivable, net | 185,806 | 119,168 |
Prepaid expenses and other current assets | 1,682,199 | 1,336,026 |
Total Current Assets | 3,013,141 | 3,151,284 |
Non-Current Assets | ||
Property and equipment, net | 344 | 1,603 |
Intangible assets, net | 4,055,746 | 4,258,220 |
Security deposit | 40,167 | 40,167 |
Goodwill | 3,123,684 | 3,123,684 |
Sigma Additive Solutions, Inc. - NTH Reporting Unit | 1,167,805 | — |
FSA Travel, LLC - NTH Reporting Unit | 1,669,055 | — |
TA Pipeline LLC - NTH Reporting Unit | 286,824 | — |
Total equity investments | 2,578,800 | 2,502,000 |
Total Non-Current Assets | 9,798,741 | 9,925,674 |
Total Assets | 12,811,882 | 13,076,958 |
Current Liabilities | ||
Accounts payable | 998,301 | 725,541 |
Share Repurchase Obligation - TA Members | 300,000 | — |
TA Milestone Payment - TA Members | 200,000 | — |
TA Pipeline Arbitration - TA Members | 500,000 | — |
Accrued expenses | 1,124,136 | 748,103 |
Deferred revenue | 1,176,675 | 1,655,990 |
Derivative liability | 0 | 80,000 |
TA Pipeline LLC | 30,000 | — |
Contingent consideration | 0 | 180,000 |
Licensing & royalty payment obligations, current portion | 204,120 | 136,582 |
Ovation LLC - Journy.tv | 82,607 | — |
GoUSA TV | 121,513 | — |
Convertible note payable, current portion, net of discount | 2,244,293 | 0 |
Notes payable | 461,217 | 386,072 |
Total Current Liabilities | 6,208,742 | 3,912,288 |
Non-Current Liabilities | ||
FSA Travel, LLC - SBA EIDL Loan | 97,804 | 98,179 |
Licensing & royalty payment obligations, net of current portion | 185,744 | 305,090 |
Ovation LLC - Journy.tv | 22,709 | — |
GoUSA TV | 163,035 | — |
Related Party | 0 | 3,000,000 |
Convertible note payable, net of current portion and discount | 897,722 | 0 |
Warrant liability | 629,738 | 0 |
Total Non-Current Liabilities | 1,811,008 | 3,403,269 |
Total Liabilities | 8,019,750 | 7,315,557 |
Mezzanine Equity | ||
Temporary Equity, Carrying Amount | 0 | 387,000 |
Mezzanine Equity, Common Stock | 0 | 387,000 |
Preferred Stock | 0 | — |
TA Pipeline LLC | 300,000 | — |
Stockholders' Equity | ||
Preferred Stock, par value $0.001; 10,000,000 shares authorized; 153,928 and 100,316 shares issued and outstanding, respectively | 155 | 101 |
Common Stock, par value $0.001; 250,000,000 shares authorized; 14,989,327 and 13,978,171 shares issued and outstanding, respectively | 14,990 | 13,979 |
Additional Paid in Capital | 62,271,563 | 55,957,740 |
Accumulated deficit | (57,494,576) | (50,597,419) |
Total Stockholders’ Equity | 4,792,132 | 5,374,401 |
Preferred Stock | 155 | 101 |
Common Stock | 14,990 | 13,979 |
Additional Paid-in Capital | 62,271,563 | 55,957,740 |
Retained Earnings | (57,494,576) | (50,597,419) |
Total Liabilities, Mezzanine and Stockholders’ Equity | 12,811,882 | 13,076,958 |