$NTRP
NextTrip, Inc.

2016 Q1 Form 10-Q Financial Statement

#000114420416101325 Filed on May 12, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2015 Q1
Revenue $358.5K $590.0K $185.7K
YoY Change 93.04% 156.52% 61.71%
Cost Of Revenue $107.6K $80.00K $24.87K
YoY Change 332.63% -500.0% -55.51%
Gross Profit $250.9K $510.0K $160.8K
YoY Change 56.0% 112.5% 172.85%
Gross Profit Margin 69.99% 86.44% 86.61%
Selling, General & Admin $680.0K $680.0K $460.0K
YoY Change 47.83% 38.78% -13.21%
% of Gross Profit 271.05% 133.33% 286.04%
Research & Development $39.07K $120.0K $70.15K
YoY Change -44.3% 71.43%
% of Gross Profit 15.57% 23.53% 43.62%
Depreciation & Amortization $42.87K $50.00K $40.41K
YoY Change 6.1% 150.0% 2528.82%
% of Gross Profit 17.09% 9.8% 25.12%
Operating Expenses $721.7K $800.0K $533.3K
YoY Change 35.34% 42.86% 1.25%
Operating Profit -$470.8K -$290.0K -$372.4K
YoY Change 26.42% -9.38% -20.38%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $158.00 $560.00
YoY Change -71.79% -33.49%
Pretax Income -$470.7K -$300.0K -$371.9K
YoY Change 26.56% -3.23% -20.35%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$470.7K -$300.0K -$371.9K
YoY Change 26.56% -3.23% -20.35%
Net Earnings / Revenue -131.3% -50.85% -200.27%
Basic Earnings Per Share
Diluted Earnings Per Share -$23.49 -$15.00 -$18.50
COMMON SHARES
Basic Shares Outstanding 623.0M shares 623.6M shares 623.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 Q4 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.090M $1.540M $2.490M
YoY Change -56.22% -47.97% -37.91%
Cash & Equivalents $1.086M $1.540M $2.490M
Short-Term Investments
Other Short-Term Assets $40.00K $40.00K $20.00K
YoY Change 100.0% 33.33% 0.0%
Inventory $94.19K $20.13K $60.00K
Prepaid Expenses
Receivables $381.3K $280.2K $160.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.601M $1.896M $2.740M
YoY Change -41.58% -40.12% -34.13%
LONG-TERM ASSETS
Property, Plant & Equipment $697.3K $714.8K $770.0K
YoY Change -9.44% -10.99% 7600.0%
Goodwill
YoY Change
Intangibles $197.6K $167.6K
YoY Change 74.91%
Long-Term Investments $10.00K $10.00K
YoY Change
Other Assets $420.0K $100.0K
YoY Change 320.0%
Total Long-Term Assets $904.2K $891.6K $960.0K
YoY Change -5.82% -10.33% 1100.0%
TOTAL ASSETS
Total Short-Term Assets $1.601M $1.896M $2.740M
Total Long-Term Assets $904.2K $891.6K $960.0K
Total Assets $2.505M $2.787M $3.700M
YoY Change -32.3% -33.0% -12.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $144.0K $38.39K $100.0K
YoY Change 44.03% -87.6% 100.0%
Accrued Expenses $82.63K $71.52K $50.00K
YoY Change 65.26% 60.18% 0.0%
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 $109.9K $140.0K
YoY Change 61.9% -68.98% 40.0%
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 $109.9K $140.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $226.7K $109.9K $140.0K
YoY Change 61.9% -68.98% 40.0%
SHAREHOLDERS EQUITY
Retained Earnings -$8.035M -$7.564M
YoY Change 28.91%
Common Stock $10.59M $10.64M
YoY Change 2.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.278M $2.677M $3.560M
YoY Change
Total Liabilities & Shareholders Equity $2.505M $2.787M $3.700M
YoY Change -32.3% -33.0% -12.74%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2015 Q1
OPERATING ACTIVITIES
Net Income -$470.7K -$300.0K -$371.9K
YoY Change 26.56% -3.23% -20.35%
Depreciation, Depletion And Amortization $42.87K $50.00K $40.41K
YoY Change 6.1% 150.0% 2528.82%
Cash From Operating Activities -$390.0K -$220.0K -$460.0K
YoY Change -15.22% 37.5% 53.33%
INVESTING ACTIVITIES
Capital Expenditures $25.43K $70.00K $7.357K
YoY Change 245.66% -87.72%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$60.00K -$70.00K -$10.00K
YoY Change 500.0% -87.72%
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 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -390.0K -220.0K -460.0K
Cash From Investing Activities -60.00K -70.00K -10.00K
Cash From Financing Activities 0.000 0.000
Net Change In Cash -450.0K -290.0K -470.0K
YoY Change -4.26% -59.15% -115.56%
FREE CASH FLOW
Cash From Operating Activities -$390.0K -$220.0K -$460.0K
Capital Expenditures $25.43K $70.00K $7.357K
Free Cash Flow -$415.4K -$290.0K -$467.4K
YoY Change -11.11% -60.27% 55.79%

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CY2016Q1 us-gaap Stockholders Equity Reverse Stock Split
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CY2016Q1 us-gaap Prior Period Reclassification Adjustment Description
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Reclassification</b> &#150; Certain amounts in prior-period financial statements have been reclassified for comparative purposes to conform to presentation in the current-period financial statements.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1 us-gaap Concentration Risk Credit Risk
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Concentration of Credit Risk -</b> The Company maintains its cash in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1 us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Accounting Estimates</b> - The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated by management. Significant accounting estimates that may materially change in the near future are impairment of long-lived assets, values of stock compensation awards and stock equivalents granted as offering costs, and allowance for bad debts and inventory obsolescence.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

Files In Submission

Name View Source Status
0001144204-16-101325-index-headers.html Edgar Link pending
0001144204-16-101325-index.html Edgar Link pending
0001144204-16-101325.txt Edgar Link pending
0001144204-16-101325-xbrl.zip Edgar Link pending
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