10-Q
Quarterly Report
NEXTTRIP, INC.
NTRP
NASDAQ
CIK: 788611
File #: 001-38015
Balance Sheet
42 line items · 2 periods
XBRL
| Item | Nov 30, 2024 | Feb 29, 2024 |
|---|---|---|
ASSETS | ||
Cash and Cash Equivalents | 15,385 | 323,805 |
Promissory note receivable, net | 1,000,000 | 1,000,000 |
Accounts Receivable | 15,753 | 34,082 |
Other Non-Operating Current Assets | 493,373 | 340,921 |
Total Current Assets | 1,524,511 | 1,698,808 |
Non-Current assets | ||
Property, Plant and Equipment | 5,932 | 6,642 |
Intangible Assets | 2,242,078 | 2,173,420 |
Other Non-Operating Current Assets | 38,425 | 42,167 |
Goodwill | 1,167,805 | 1,167,805 |
Total Non-Current Assets | 3,454,240 | 3,390,034 |
Total Assets | 4,978,751 | 5,088,842 |
LIABILITIES | ||
Current Liabilities | ||
Accounts Payable | 1,334,925 | 531,847 |
Other Current Liabilities | 1,175,851 | 460,768 |
Other Current Liabilities | 90,197 | 139,921 |
Nonrelated Party | 822,719 | — |
Related Party | 2,970,405 | 828,277 |
Chief Executive Officer - February 29, 2024 - William Kerby | 348,109 | — |
Chief Executive Officer - March 18, 2024 - William Kerby | 225,000 | — |
Chairman - March 18, 2024 - Donald P Monaco | 275,000 | — |
March 18, 2024 - Related Party | 500,000 | — |
Chief Executive Officer - April 23, 2024 - William Kerby | 21,515 | — |
Chairman - April 23, 2024 - Donald P Monaco | 1,605,000 | — |
Executive Vice President - April 23, 2024 - Gregory Miller | 90,781 | — |
April 23, 2024 - Related Party | 1,717,296 | — |
Chairman - May 21, 2024 - Donald P Monaco | 405,000 | — |
Total Current Liabilities | 6,394,097 | 1,960,813 |
Total Liabilities | 6,394,097 | 1,960,813 |
Stockholder’s Equity | ||
Preferred Stock | 226 | 474 |
Total Stockholders' Equity | 1,430 | 936 |
Total Stockholders' Equity | 28,288,831 | 27,277,758 |
Total Stockholders' Equity | (29,705,833) | (24,151,139) |
Total Stockholders’ Equity | (1,415,346) | 3,128,029 |
Preferred Stock | 226 | 474 |
Common Stock | 1,430 | 936 |
Additional Paid-in Capital | 28,288,831 | 27,277,758 |
Retained Earnings | (29,705,833) | (24,151,139) |
Total Liabilities and Stockholders’ Equity | 4,978,751 | 5,088,842 |