NextTrip, Inc.: 10-Q filed 2022-11-14

Name: NextTrip, Inc.: 10-Q filed 2022-11-14
Creator: NextTrip, Inc.

What NextTrip, Inc. reported in its quarterly report filed 2022-11-14 (fiscal Q3 2022): 40 published measures, 114 facts as tagged in accession 0001493152-22-031630.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-11-14
Fiscal period: fiscal Q3 2022
Accession: 0001493152-22-031630 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 2022-09-30	7,642,649	USD
At 2021-12-31	13,840,990	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-09-30	820,881	USD
At 2021-12-31	981,239	USD

Stockholders equity

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

Period	Value	Unit
At 2022-09-30	6,821,768	USD
At 2022-06-30	8,810,533	USD
At 2021-12-31	12,859,751	USD
At 2021-09-30	14,915,868	USD
At 2021-06-30	16,392,156	USD
At 2020-12-31	5,163,732	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 2022-09-30	4,800,680	USD
At 2021-12-31	11,447,047	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
2022-07-01 to 2022-09-30	-2,292,308	USD	92
2022-01-01 to 2022-09-30	-6,746,873	USD	273
2021-07-01 to 2021-09-30	-2,490,978	USD	92
2021-01-01 to 2021-09-30	-4,987,185	USD	273

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
2022-01-01 to 2022-09-30	-6,386,415	USD	273
2021-01-01 to 2021-09-30	-4,786,590	USD	273

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
2022-01-01 to 2022-09-30	83,848	USD	273
2021-01-01 to 2021-09-30	116,631	USD	273

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
2022-07-01 to 2022-09-30	188,245	USD	92
2022-01-01 to 2022-09-30	476,749	USD	273
2021-07-01 to 2021-09-30	700,237	USD	92
2021-01-01 to 2021-09-30	1,302,525	USD	273

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
2021-01-01 to 2021-09-30	14,404,942	USD	273

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
2022-01-01 to 2022-09-30	-259,952	USD	273
2021-01-01 to 2021-09-30	-254,772	USD	273

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 2022-09-30	-47,382,713	USD
At 2021-12-31	-40,593,180	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	10,498,802	shares	92
2022-01-01 to 2022-09-30	10,498,802	shares	273
2021-07-01 to 2021-09-30	10,494,560	shares	92
2021-01-01 to 2021-09-30	9,602,666	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-0.22	USD/shares	92
2022-01-01 to 2022-09-30	-0.65	USD/shares	273
2021-07-01 to 2021-09-30	-0.24	USD/shares	92
2021-01-01 to 2021-09-30	-0.53	USD/shares	273

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 2022-09-30	244,838	USD
At 2021-12-31	232,282	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
2022-07-01 to 2022-09-30	275,418	USD	92
2022-01-01 to 2022-09-30	613,833	USD	273
2021-07-01 to 2021-09-30	659,512	USD	92
2021-01-01 to 2021-09-30	893,431	USD	273

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
2022-07-01 to 2022-09-30	-2,284,424	USD	92
2022-01-01 to 2022-09-30	-6,804,209	USD	273
2021-07-01 to 2021-09-30	-2,491,417	USD	92
2021-01-01 to 2021-09-30	-6,083,912	USD	273

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 2022-09-30	6,313,606	USD
At 2021-12-31	12,683,597	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
2022-07-01 to 2022-09-30	1,978	USD	92
2022-01-01 to 2022-09-30	5,367	USD	273
2021-07-01 to 2021-09-30	2,052	USD	92
2021-01-01 to 2021-09-30	5,434	USD	273

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 2022-09-30	820,881	USD
At 2021-12-31	981,239	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 2022-09-30	403,547	USD
At 2021-12-31	206,442	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2022-09-30	359,041	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 2022-09-30	367,770	USD
At 2021-12-31	412,192	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
2022-07-01 to 2022-09-30	2,392,956	USD	92
2022-01-01 to 2022-09-30	6,968,079	USD	273
2021-07-01 to 2021-09-30	3,026,888	USD	92
2021-01-01 to 2021-09-30	6,976,944	USD	273

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 2022-09-30	967,432	USD
At 2021-12-31	710,080	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
2022-07-01 to 2022-09-30	108,532	USD	92
2022-01-01 to 2022-09-30	163,870	USD	273
2021-07-01 to 2021-09-30	535,471	USD	92
2021-01-01 to 2021-09-30	893,032	USD	273

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
2022-07-01 to 2022-09-30	79,713	USD	92
2022-01-01 to 2022-09-30	312,879	USD	273
2021-07-01 to 2021-09-30	164,766	USD	92
2021-01-01 to 2021-09-30	409,493	USD	273

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
2022-07-01 to 2022-09-30	152,245	USD	92
2022-01-01 to 2022-09-30	442,548	USD	273
2021-07-01 to 2021-09-30	131,772	USD	92
2021-01-01 to 2021-09-30	608,812	USD	273

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 2022-09-30	10,498,802	shares
At 2021-12-31	10,498,802	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 2022-09-30	54,193,981	USD
At 2021-12-31	53,442,431	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 2022-09-30	1,084,205	USD
At 2021-12-31	925,111	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 2022-09-30	287,645	USD
At 2021-12-31	625,942	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
2022-07-01 to 2022-09-30	-2,292,308	USD	92
2022-01-01 to 2022-09-30	-6,746,873	USD	273
2021-07-01 to 2021-09-30	-2,490,978	USD	92
2021-01-01 to 2021-09-30	-4,987,185	USD	273

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
2022-07-01 to 2022-09-30	-2,306,528	USD	92
2022-01-01 to 2022-09-30	-6,789,533	USD	273
2021-07-01 to 2021-09-30	-2,505,198	USD	92
2021-01-01 to 2021-09-30	-5,076,532	USD	273

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
2022-07-01 to 2022-09-30	183,608	USD	92
2022-01-01 to 2022-09-30	692,640	USD	273
2021-07-01 to 2021-09-30	172,238	USD	92
2021-01-01 to 2021-09-30	472,335	USD	273

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
2022-07-01 to 2022-09-30	26,857	USD	92
2022-01-01 to 2022-09-30	88,302	USD	273
2021-07-01 to 2021-09-30	27,689	USD	92
2021-01-01 to 2021-09-30	76,502	USD	273

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	17,010	USD	273
2021-01-01 to 2021-09-30	22,998	USD	273

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
2022-07-01 to 2022-09-30	-7,884	USD	92
2022-01-01 to 2022-09-30	57,336	USD	273
2021-07-01 to 2021-09-30	439	USD	92
2021-01-01 to 2021-09-30	1,096,727	USD	273

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
2022-01-01 to 2022-09-30	5,367	USD	273
2021-01-01 to 2021-09-30	5,434	USD	273

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
2022-01-01 to 2022-09-30	-44,422	USD	273
2021-01-01 to 2021-09-30	335,178	USD	273

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
2022-01-01 to 2022-09-30	257,352	USD	273
2021-01-01 to 2021-09-30	196,896	USD	273

Inspect the source

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

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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print(record["policy"])
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