NextTrip, Inc.: 10-Q filed 2020-07-23

Name: NextTrip, Inc.: 10-Q filed 2020-07-23
Creator: NextTrip, Inc.

What NextTrip, Inc. reported in its quarterly report filed 2020-07-23 (fiscal Q2 2020): 37 published measures, 105 facts as tagged in accession 0001493152-20-013879.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-07-23
Fiscal period: fiscal Q2 2020
Accession: 0001493152-20-013879 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All NextTrip, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2020-06-30	4,249,134	USD
At 2019-12-31	1,691,468	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2020-06-30	689,322	USD
At 2019-12-31	1,039,219	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2020-06-30	3,559,812	USD
At 2020-03-31	1,432,776	USD
At 2019-12-31	652,249	USD
At 2019-06-30	1,402,165	USD
At 2019-03-31	2,260,711	USD
At 2018-12-31	1,735,439	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2020-06-30	2,445,766	USD
At 2019-12-31	86,919	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-909,638	USD	91
2020-01-01 to 2020-06-30	-2,493,223	USD	182
2019-04-01 to 2019-06-30	-1,593,491	USD	91
2019-01-01 to 2019-06-30	-3,077,603	USD	181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	-2,435,387	USD	182
2019-01-01 to 2019-06-30	-2,737,650	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	11,474	USD	182
2019-01-01 to 2019-06-30	23,796	USD	181

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	167,688	USD	91
2020-01-01 to 2020-06-30	389,418	USD	182
2019-04-01 to 2019-06-30	33,582	USD	91
2019-01-01 to 2019-06-30	98,032	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	4,892,944	USD	182
2019-01-01 to 2019-06-30	2,270,178	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	-98,710	USD	182
2019-01-01 to 2019-06-30	-115,920	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2020-06-30	-29,595,944	USD
At 2019-12-31	-26,095,594	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2020-06-30	117,006	USD
At 2019-12-31	128,723	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	270,818	USD	91
2020-01-01 to 2020-06-30	424,989	USD	182
2019-04-01 to 2019-06-30	220,360	USD	91
2019-01-01 to 2019-06-30	474,566	USD	181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-1,416,550	USD	91
2020-01-01 to 2020-06-30	-2,999,164	USD	182
2019-04-01 to 2019-06-30	-1,596,107	USD	91
2019-01-01 to 2019-06-30	-3,135,310	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2020-06-30	3,435,842	USD
At 2019-12-31	940,904	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	6,244	USD	91
2020-01-01 to 2020-06-30	6,675	USD	182
2019-04-01 to 2019-06-30	2,136	USD	91
2019-01-01 to 2019-06-30	4,258	USD	181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2020-06-30	667,250	USD
At 2019-12-31	1,039,219	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2020-06-30	295,220	USD
At 2019-12-31	727,114	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2020-06-30	286,405	USD
At 2019-12-31	55,540	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	1,526,554	USD	91
2020-01-01 to 2020-06-30	3,086,195	USD	182
2019-04-01 to 2019-06-30	1,569,064	USD	91
2019-01-01 to 2019-06-30	3,076,162	USD	181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2020-06-30	585,640	USD
At 2019-12-31	598,718	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	110,004	USD	91
2020-01-01 to 2020-06-30	87,031	USD	182
2019-04-01 to 2019-06-30	-27,043	USD	91
2019-01-01 to 2019-06-30	-59,148	USD	181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	57,684	USD	91
2020-01-01 to 2020-06-30	302,387	USD	182
2019-04-01 to 2019-06-30	60,625	USD	91
2019-01-01 to 2019-06-30	157,180	USD	181

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	111,647	USD	91
2020-01-01 to 2020-06-30	165,335	USD	182
2019-04-01 to 2019-06-30	118,845	USD	91
2019-01-01 to 2019-06-30	264,117	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2020-06-30	3,926,362	shares
At 2019-12-31	1,403,759	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2020-06-30	33,151,829	USD
At 2019-12-31	26,746,439	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2020-06-30	644,286	USD
At 2019-12-31	569,341	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2020-06-30	272,442	USD
At 2019-12-31	122,658	USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

Period	Value	Unit	Days
At 2020-06-30	22,072	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-909,638	USD	91
2020-01-01 to 2020-06-30	-2,493,223	USD	182
2019-04-01 to 2019-06-30	-1,593,491	USD	91
2019-01-01 to 2019-06-30	-3,077,603	USD	181

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	-1,601,518	USD	91
2020-01-01 to 2020-06-30	-3,500,350	USD	182
2019-04-01 to 2019-06-30	-1,593,491	USD	91
2019-01-01 to 2019-06-30	-3,077,603	USD	181

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	78,843	USD	91
2020-01-01 to 2020-06-30	226,590	USD	182
2019-04-01 to 2019-06-30	184,068	USD	91
2019-01-01 to 2019-06-30	350,178	USD	181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	17,970	USD	91
2020-01-01 to 2020-06-30	35,983	USD	182
2019-04-01 to 2019-06-30	49,203	USD	91
2019-01-01 to 2019-06-30	97,586	USD	181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	506,912	USD	91
2020-01-01 to 2020-06-30	505,941	USD	182
2019-04-01 to 2019-06-30	2,616	USD	91
2019-01-01 to 2019-06-30	57,707	USD	181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	9,359	USD	182
2019-01-01 to 2019-06-30	2,514	USD	181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	230,865	USD	182
2019-01-01 to 2019-06-30	-818	USD	181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2020-01-01 to 2020-06-30	-13,078	USD	182
2019-01-01 to 2019-06-30	330,340	USD	181

Inspect the source

Entity: NextTrip, Inc. / CIK 0000788611
Captured: 2026-09-19T15:03:59.498Z
SEC response SHA-256: 23a6c7ec8e3039b5a61dd48b0dc5ab39318a8131c4cc59c702201a710f500292

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