10-Q
Quarterly Report
NEXTTRIP, INC.
NTRP
NASDAQ
CIK: 788611
File #: 001-38015
Balance Sheet
53 line items · 2 periods
XBRL
| Item | May 31, 2026 | Feb 28, 2026 |
|---|---|---|
ASSETS | ||
Cash and Cash Equivalents | 803,490 | 1,696,090 |
Accounts Receivable | 252,375 | 119,168 |
Other Non-Operating Current Assets | 1,436,115 | 1,336,026 |
Total Current Assets | 2,491,980 | 3,151,284 |
Non-Current Assets | ||
Property, Plant and Equipment | 974 | 1,603 |
Intangible Assets | 4,159,741 | 4,258,220 |
Other Non-Operating Current Assets | 40,167 | 40,167 |
Goodwill | 3,123,684 | 3,123,684 |
FSA Travel LLC | 1,669,058 | — |
TAPipeline LLC | 286,821 | — |
Long-Term Investments | 2,502,000 | 2,502,000 |
Total Non-Current Assets | 9,826,566 | 9,925,674 |
Total Assets | 12,318,546 | 13,076,958 |
LIABILITIES | ||
Current Liabilities | ||
Accounts Payable | 959,794 | 725,541 |
Other Current Liabilities | 953,574 | 748,103 |
Other Current Liabilities | 848,526 | 1,655,990 |
Other Non-Operating Current Liabilities | 30,000 | 80,000 |
Fair Value, Inputs, Level 3 | 30,000 | — |
Other Non-Operating Current Liabilities | 190,000 | 180,000 |
Fair Value, Inputs, Level 3 | 190,000 | — |
Licensing & royalty payment obligations, current portion | 198,698 | 136,582 |
Nonrelated Party | 310,817 | 386,072 |
Related Party | 600,000 | — |
Total Current Liabilities | 4,091,409 | 3,912,288 |
JOURNYTV | 80,062 | — |
GoUSATV | 118,636 | — |
Non-Current Liabilities | ||
Long-Term Debt | 97,994 | 98,179 |
Licensing & royalty payment obligations, net of current portion | 232,116 | 305,090 |
Long-Term Debt | 3,000,000 | 3,000,000 |
Total Non-Current Liabilities | 3,330,110 | 3,403,269 |
JOURNYTV | 44,559 | — |
GoUSATV | 187,557 | — |
Total Liabilities | 7,421,519 | 7,315,557 |
Mezzanine Equity | ||
Preferred Stock, par value $0.001; 10,000,000 shares authorized; 408,421 and 0 shares issued and outstanding, respectively | 807,997 | — |
Common Stock, par value $0.001; 250,000,000 shares authorized; 96,774 and 96,774 shares issued and outstanding, respectively | 387,000 | 387,000 |
Total Mezzanine Equity | 1,194,997 | 387,000 |
Stockholder’s Equity | ||
Preferred Stock | 151 | 101 |
Total Stockholders' Equity | 14,398 | 13,979 |
Total Stockholders' Equity | 57,430,060 | 55,957,740 |
Total Stockholders' Equity | (53,742,579) | (50,597,419) |
Total Stockholders’ Equity | 3,702,030 | 5,374,401 |
Preferred Stock | 151 | 101 |
Common Stock | 14,398 | 13,979 |
Additional Paid-in Capital | 57,430,060 | 55,957,740 |
Retained Earnings | (53,742,579) | (50,597,419) |
Total Liabilities, Mezzanine and Stockholders’ Equity | 12,318,546 | 13,076,958 |