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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
May 31, 2024
May 31, 2023
Income Statement [Abstract]    
Revenue $ 188,793 $ 19,562
Cost of revenue (exclusive of depreciation and amortization, shown separately below) (173,581) (17,718)
Gross profit 15,212 1,844
Operating Expenses    
Salaries and benefits 626,752 407,609
Stock based compensation 16,394
General and administrative 27,555 69,103
Sales and marketing 156,188 40,781
Professional service fees 523,873 134,370
Technology 184,669 35,893
Organization costs 28,737
Depreciation and amortization 287,586 336,339
Other expenses 115,859 7,730
Total Operating Expenses 1,967,613 1,031,825
Operating loss (1,952,401) (1,029,981)
Other Income (Expenses)    
Interest income (expense), net (35,225) (65,390)
Total other income (expense) (35,225) (65,390)
Net loss from continuing operations before taxes (1,987,626) (1,095,371)
Provision for income taxes
Net loss from continuing operations (1,987,626) (1,095,371)
Net gain from discontinued operations, net of taxes 8,909
Net loss (1,978,717) (1,095,371)
Preferred dividends (10,688)
Net Loss Applicable to Common Stockholders $ (1,989,405) $ (1,095,371)
Basic loss per common share from continuing operations [1] $ (1.56) $ (13.14)
Diluted loss per common share from continuing operations [1] (1.56) (13.14)
Basic loss per common share from discontinued operations [1] 0.01
Diluted loss per common share from discontinued operations [1] 0.01
Basic loss per common share [1] (1.55) (13.14)
Diluted loss per common share [1] $ (1.55) $ (13.14)
Basic weighted average number of common shares [1] 1,279,165 83,371
Diluted weighted average number of common shares [1] 1,279,165 83,371
[1] On December 29, 2023, Sigma Additive Solutions, Inc. acquired NextTrip in a reverse acquisition. NextTrip Group, LLC was issued 83,371 shares of Sigma Additive Solutions, Inc. common stock in exchange for 100% of the issued and outstanding capital stock of NextTrip at the time of the reverse acquisition. The Company has reflected this transaction retroactively in these financial statements.