$NTRP
NextTrip, Inc.

2016 Q1 Form 10-K Financial Statement

#000114420416088535 Filed on March 16, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 2014 Q4
Revenue $358.5K $1.235M $230.0K
YoY Change 93.04% 125.03% -28.13%
Cost Of Revenue $107.6K $214.0K -$20.00K
YoY Change 332.63% 34.65% -122.22%
Gross Profit $250.9K $1.021M $240.0K
YoY Change 56.0% 161.89% 4.35%
Gross Profit Margin 69.99% 82.67% 104.35%
Selling, General & Admin $680.0K $2.390M $490.0K
YoY Change 47.83% 18.91% 40.0%
% of Gross Profit 271.05% 234.13% 204.17%
Research & Development $39.07K $330.6K $70.00K
YoY Change -44.3% 50.85% 600.0%
% of Gross Profit 15.57% 32.38% 29.17%
Depreciation & Amortization $42.87K $166.7K $20.00K
YoY Change 6.1% 719.78% 0.0%
% of Gross Profit 17.09% 16.33% 8.33%
Operating Expenses $721.7K $2.718M $560.0K
YoY Change 35.34% -22.56% 51.35%
Operating Profit -$470.8K -$1.697M -$320.0K
YoY Change 26.42% -45.61% 128.57%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $158.00 $562.00
YoY Change -71.79% -83.78%
Pretax Income -$470.7K -$1.696M -$310.0K
YoY Change 26.56% -45.56% 34.78%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$470.7K -$1.696M -$310.0K
YoY Change 26.56% -45.56% 34.78%
Net Earnings / Revenue -131.3% -137.37% -134.78%
Basic Earnings Per Share
Diluted Earnings Per Share -$23.49 -$85.00 -$15.50
COMMON SHARES
Basic Shares Outstanding 623.0M shares 618.2M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.090M $1.540M $2.960M
YoY Change -56.22% -47.97% 198.99%
Cash & Equivalents $1.086M $2.962M
Short-Term Investments
Other Short-Term Assets $40.00K $40.00K $30.00K
YoY Change 100.0% 33.33% 0.0%
Inventory $94.19K $20.00K $56.18K
Prepaid Expenses
Receivables $381.3K $280.0K $117.7K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.601M $1.880M $3.166M
YoY Change -41.58% -40.69% 139.46%
LONG-TERM ASSETS
Property, Plant & Equipment $697.3K $710.0K $803.0K
YoY Change -9.44% -11.25% 6932.38%
Goodwill
YoY Change
Intangibles $197.6K $95.85K
YoY Change 35.96%
Long-Term Investments $10.00K $10.00K
YoY Change
Other Assets $420.0K $100.0K
YoY Change 320.0% 400.0%
Total Long-Term Assets $904.2K $1.310M $994.4K
YoY Change -5.82% 32.32% 901.0%
TOTAL ASSETS
Total Short-Term Assets $1.601M $1.880M $3.166M
Total Long-Term Assets $904.2K $1.310M $994.4K
Total Assets $2.505M $3.190M $4.160M
YoY Change -32.3% -23.32% 192.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $144.0K $40.00K $309.7K
YoY Change 44.03% -87.1% 201.78%
Accrued Expenses $82.63K $70.00K $44.65K
YoY Change 65.26% 75.0% 15.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $226.7K $110.0K $354.4K
YoY Change 61.9% -68.57% 151.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $226.7K $110.0K $354.4K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $226.7K $110.0K $354.4K
YoY Change 61.9% -68.57% 151.03%
SHAREHOLDERS EQUITY
Retained Earnings -$8.035M -$5.868M
YoY Change 113.24%
Common Stock $10.59M $10.42M
YoY Change 152.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.278M $3.080M $3.806M
YoY Change
Total Liabilities & Shareholders Equity $2.505M $3.190M $4.160M
YoY Change -32.3% -23.32% 192.68%

Cashflow Statement

Concept 2016 Q1 2015 2014 Q4
OPERATING ACTIVITIES
Net Income -$470.7K -$1.696M -$310.0K
YoY Change 26.56% -45.56% 34.78%
Depreciation, Depletion And Amortization $42.87K $166.7K $20.00K
YoY Change 6.1% 719.78% 0.0%
Cash From Operating Activities -$390.0K -$1.260M -$160.0K
YoY Change -15.22% 41.57% -15.79%
INVESTING ACTIVITIES
Capital Expenditures $25.43K $78.47K $570.0K
YoY Change 245.66% -90.34% 2750.0%
Acquisitions
YoY Change
Other Investing Activities -$10.00K
YoY Change
Cash From Investing Activities -$60.00K -$160.0K -$570.0K
YoY Change 500.0% -80.95% 2750.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 20.00K
YoY Change -100.0% -200.0%
NET CHANGE
Cash From Operating Activities -390.0K -1.260M -160.0K
Cash From Investing Activities -60.00K -160.0K -570.0K
Cash From Financing Activities 0.000 20.00K
Net Change In Cash -450.0K -1.420M -710.0K
YoY Change -4.26% -172.08% 208.7%
FREE CASH FLOW
Cash From Operating Activities -$390.0K -$1.260M -$160.0K
Capital Expenditures $25.43K $78.47K $570.0K
Free Cash Flow -$415.4K -$1.338M -$730.0K
YoY Change -11.11% -21.36% 247.62%

Facts In Submission

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CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-151130 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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2309 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2309 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2309 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2309 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2309 USD
CY2015 us-gaap Income Tax Reconciliation Deductions
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0 USD
CY2014 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
0 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
18172 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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29717 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
659006 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1210597 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2011 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P3Y
CY2015 us-gaap Amortization Of Intangible Assets
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2308 USD
CY2010Q3 us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
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1 pure
CY2010Q3 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
6.67 shares
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4884 USD
CY2014 sglb Stock Issued During Period Value Issued For Cash Price
StockIssuedDuringPeriodValueIssuedForCashPrice
3775876 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2914526 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2255520 USD
CY2015 us-gaap Lease And Rental Expense
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49637 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Receivable
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39100 USD
CY2015Q4 us-gaap Furniture And Fixtures Gross
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966936 USD
CY2014Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
924319 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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252182 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
121292 USD
CY2013Q4 us-gaap Stockholders Equity
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1280312 USD
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
88250 USD
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
334500 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
22700 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
494300 USD
CY2014 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1283333 USD
CY2015 sglb Stock Issued During Period Value Issued For Services One
StockIssuedDuringPeriodValueIssuedForServicesOne
191000 USD
CY2015 sglb Stock Issued During Period Value Issued For Services Two
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0 USD
CY2015 sglb Stock Issued During Period Value Issued For Services Three
StockIssuedDuringPeriodValueIssuedForServicesThree
4064 USD
CY2015 sglb Stock Issued During Period Value Issued For Services Four
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15375 USD
CY2014 sglb Equity Issuance Per Share Amount Ranges
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0.08
CY2015 sglb Impairment Of Deferred Stock Offering Costs
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95511 USD
CY2014 sglb Impairment Of Deferred Stock Offering Costs
ImpairmentOfDeferredStockOfferingCosts
0 USD
CY2015 sglb Payment For Deferred Stock Offering Costs
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0 USD
CY2014 sglb Payment For Deferred Stock Offering Costs
PaymentForDeferredStockOfferingCosts
95511 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2382020 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1723014 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
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33931 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
33931 USD
CY2015Q4 us-gaap Deferred Tax Assets Frequent Flier Liability
DeferredTaxAssetsFrequentFlierLiability
498575 USD
CY2014Q4 us-gaap Deferred Tax Assets Frequent Flier Liability
DeferredTaxAssetsFrequentFlierLiability
498575 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2015 us-gaap Stock Issued During Period Shares Issued For Services
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3603774 shares
CY2015Q4 us-gaap Shares Issued Price Per Share
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0.053
CY2015Q4 us-gaap Inventory Raw Materials
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20129 USD
CY2015 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-4884 USD
CY2014 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
0 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2015 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
778 USD
CY2014 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
22700 USD
CY2015 sglb Defined Contribution Plan Employers Matching Contribution Annual Vesting Description
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Company matches and elective contributions vest to participant accounts as follows: 20% after two years of service, and 20% per year thereafter until the participant reaches 6 years of service, at which time, employer contributions vest 100%.
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
18315 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 USD

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