$NTRP
NextTrip, Inc.

2022 Q1 Form 10-Q Financial Statement

#000149315222011213 Filed on April 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $51.84K $458.1K
YoY Change -88.68% 108.25%
Cost Of Revenue $40.09K $128.3K
YoY Change -68.76% -46.53%
Gross Profit $11.75K $329.8K
YoY Change -96.44% -1749.05%
Gross Profit Margin 22.67% 71.99%
Selling, General & Admin $1.880M $1.290M
YoY Change 45.75% 10.23%
% of Gross Profit 15998.55% 391.05%
Research & Development $143.4K $196.3K
YoY Change -26.95% 292.68%
% of Gross Profit 1220.6% 59.53%
Depreciation & Amortization $31.58K $23.03K
YoY Change 37.13% 15.15%
% of Gross Profit 268.77% 6.98%
Operating Expenses $2.296M $1.781M
YoY Change 28.87% 14.19%
Operating Profit -$2.284M -$1.452M
YoY Change 57.34% -8.13%
Interest Expense -$80.00 $800.9K
YoY Change -100.01%
% of Operating Profit
Other Income/Expense, Net $76.63K
YoY Change
Pretax Income -$2.207M -$650.7K
YoY Change 239.26% -58.82%
Income Tax
% Of Pretax Income
Net Earnings -$2.207M -$650.7K
YoY Change 239.26% -65.75%
Net Earnings / Revenue -4258.1% -142.02%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share -$210.3K -$83.52K
COMMON SHARES
Basic Shares Outstanding 10.50M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.278M $16.84M
YoY Change -44.92% 2573.52%
Cash & Equivalents $9.278M
Short-Term Investments
Other Short-Term Assets $165.3K $135.5K
YoY Change 22.02% -3.25%
Inventory $782.1K $747.8K
Prepaid Expenses
Receivables $261.0K $388.1K
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.49M $18.11M
YoY Change -42.11% 1203.2%
LONG-TERM ASSETS
Property, Plant & Equipment $288.9K $128.3K
YoY Change 125.16% -1.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.00K
YoY Change -48.0%
Total Long-Term Assets $1.268M $916.7K
YoY Change 38.31% 16.04%
TOTAL ASSETS
Total Short-Term Assets $10.49M $18.11M
Total Long-Term Assets $1.268M $916.7K
Total Assets $11.75M $19.03M
YoY Change -38.24% 772.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $320.6K $280.4K
YoY Change 14.3% -41.58%
Accrued Expenses $416.6K $217.4K
YoY Change 91.65% 27.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $897.5K $5.480M
YoY Change -83.62% 640.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $93.53K
YoY Change
Total Long-Term Liabilities $0.00 $93.53K
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $897.5K $5.480M
Total Long-Term Liabilities $0.00 $93.53K
Total Liabilities $897.5K $5.611M
YoY Change -84.01% 658.3%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.86M $13.42M
YoY Change
Total Liabilities & Shareholders Equity $11.75M $19.03M
YoY Change -38.24% 772.99%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$2.207M -$650.7K
YoY Change 239.26% -65.75%
Depreciation, Depletion And Amortization $31.58K $23.03K
YoY Change 37.13% 15.15%
Cash From Operating Activities -$2.027M -$1.241M
YoY Change 63.39% -18.92%
INVESTING ACTIVITIES
Capital Expenditures -$142.1K -$21.97K
YoY Change 546.79% -143.94%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$142.1K -$21.97K
YoY Change 546.79% -56.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.40M
YoY Change 579.48%
NET CHANGE
Cash From Operating Activities -2.027M -1.241M
Cash From Investing Activities -142.1K -21.97K
Cash From Financing Activities 14.40M
Net Change In Cash $0.00 13.14M
YoY Change -100.0% 2333.77%
FREE CASH FLOW
Cash From Operating Activities -$2.027M -$1.241M
Capital Expenditures -$142.1K -$21.97K
Free Cash Flow -$1.885M -$1.219M
YoY Change 54.68% -22.87%

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