NextTrip, Inc. Files 2024 10-K
Ticker: NTRP · Form: 10-K · Filed: Sep 4, 2024 · CIK: 788611
| Field | Detail |
|---|---|
| Company | Nexttrip, INC. (NTRP) |
| Form Type | 10-K |
| Filed Date | Sep 4, 2024 |
| Risk Level | medium |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.001, $400 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, transportation
Related Tickers: NTRP
TL;DR
NextTrip (NTRP) filed its annual 10-K for FY24 ending Feb 29. All systems go.
AI Summary
NextTrip, Inc. filed its 10-K for the fiscal year ending February 29, 2024, reporting on its operations in the transportation services sector. The company, formerly known as SIGMA ADDITIVE SOLUTIONS, INC., is incorporated in Nevada and headquartered in Santa Fe, NM. The filing covers the period from March 1, 2023, to February 29, 2024, and includes detailed financial information and business operations.
Why It Matters
This 10-K filing provides a comprehensive overview of NextTrip, Inc.'s financial health and operational status for the past fiscal year, crucial for investors and stakeholders to assess the company's performance and future prospects.
Risk Assessment
Risk Level: medium — As a publicly traded company filing a 10-K, there are inherent risks associated with financial reporting and market performance.
Key Numbers
- 0228 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)
- 2024-02-29 — Conformed Period of Report (The end date of the reporting period covered by the 10-K.)
- 2024-09-04 — Filed as of Date (The date the 10-K was officially filed with the SEC.)
Key Players & Entities
- NextTrip, Inc. (company) — Filer of the 10-K
- SIGMA ADDITIVE SOLUTIONS, INC. (company) — Former name of NextTrip, Inc.
- 2024-02-29 (date) — Fiscal year end
- 0001493152-24-035017 (filing_id) — Accession Number
- NV (state) — State of incorporation
- NM (state) — State of business address
FAQ
What was NextTrip, Inc.'s former name prior to SIGMA ADDITIVE SOLUTIONS, INC.?
The filing indicates that prior to being SIGMA ADDITIVE SOLUTIONS, INC., the company was formerly known as SIGMA LABS, INC. and FRAMEWAVES INC.
In which state is NextTrip, Inc. incorporated?
NextTrip, Inc. is incorporated in Nevada (NV).
What is the business address of NextTrip, Inc.?
The business address is 3900 Paseo Del Sol, Santa Fe, NM 87507.
What is the Standard Industrial Classification (SIC) code for NextTrip, Inc.?
The SIC code is 4700, categorized under Transportation Services.
What is the SEC file number for NextTrip, Inc.'s 10-K filing?
The SEC file number is 001-38015.
Filing Stats: 4,296 words · 17 min read · ~14 pages · Grade level 13.6 · Accepted 2024-09-04 18:27:07
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share NTRP The NASDAQ Stock Mar
- $400 million — e leisure tour operator generating over $400 million in annual sales as recently as 2019 (pr
Filing Documents
- form10-k.htm (10-K) — 1780KB
- ex4-15.htm (EX-4.15) — 94KB
- ex10-22.htm (EX-10.22) — 79KB
- ex10-23.htm (EX-10.23) — 78KB
- ex19-1.htm (EX-19.1) — 77KB
- ex23-1.htm (EX-23.1) — 5KB
- ex31-1.htm (EX-31.1) — 12KB
- ex31-2.htm (EX-31.2) — 13KB
- ex32-1.htm (EX-32.1) — 9KB
- ex97-1.htm (EX-97.1) — 32KB
- image_001.jpg (GRAPHIC) — 203KB
- image_002.jpg (GRAPHIC) — 178KB
- image_003.jpg (GRAPHIC) — 231KB
- image_004.jpg (GRAPHIC) — 234KB
- aud_001.jpg (GRAPHIC) — 69KB
- aud_002.jpg (GRAPHIC) — 6KB
- ex23-1_001.jpg (GRAPHIC) — 66KB
- ex23-1_002.jpg (GRAPHIC) — 6KB
- 0001493152-24-035017.txt ( ) — 10699KB
- ntrp-20240229.xsd (EX-101.SCH) — 61KB
- ntrp-20240229_cal.xml (EX-101.CAL) — 89KB
- ntrp-20240229_def.xml (EX-101.DEF) — 262KB
- ntrp-20240229_lab.xml (EX-101.LAB) — 486KB
- ntrp-20240229_pre.xml (EX-101.PRE) — 387KB
- form10-k_htm.xml (XML) — 930KB
BUSINESS
BUSINESS 3 ITEM 1A.
RISK FACTORS
RISK FACTORS 11 ITEM 1B. UNRESOLVED STAFF COMMENTS 25 ITEM 1C. CYBERSECURITY 25 ITEM 2.
PROPERTIES
PROPERTIES 25 ITEM 3.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 25 ITEM 4. MINE SAFETY DISCLOSURES 25 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES 26 ITEM 6. [RESERVED] 26 ITEM 7.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 26 ITEM 7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 33 ITEM 8.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 33 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 33 ITEM 9A.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 33 ITEM 9B. OTHER INFORMATION 33 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 33 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 34 ITEM 11.
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 41 ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 58 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 60 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 61 PART IV ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 62 ITEM 16. FORM 10-K SUMMARY 64
SIGNATURES
SIGNATURES 65 2 DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS This Report, including any documents which may be incorporated by reference into this Report, contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements for purposes of these provisions, including, but not limited to, statements regarding our expectations about development and commercialization of our technology, any projections of revenues or statements regarding our anticipated revenues or other financial items, any statements of the plans and objectives of management for future operations, any statements concerning proposed new products or services, any statements regarding future economic conditions or performance, and any statements of assumptions underlying any of the foregoing. All forward-looking statements included in this document are made as of the date hereof and are based on information available to us as of such date. We assume no obligation to update any forward-looking statement. In some cases, forward-looking statements can be identified by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "intends," "believes," "estimates," "potential," or "continue," or the negative thereof or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements contained herein are reasonable, there can be no assurance that such expectations or any of the forward-looking statements will prove to be correct, and actual results could differ materially from those projected or assumed in the forward-looking statements. Future financial condition and results of operations, as well as any forward-looking statements are subject to inherent risks and uncertainties, including any other factors referred to in our press r