XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Income Statement [Abstract]        
Revenue $ 74,635 $ 205,789 $ 417,926 $ 253,014
Cost of revenue (exclusive of depreciation and amortization, shown separately below) 76,751 162,072 405,788 203,524
Gross profit (loss) (2,116) 43,717 12,138 49,490
Operating Expenses:        
Salaries and benefits 690,524 441,102 1,946,035 1,209,658
Stock based compensation 6,227 36,463
General and administrative 31,533 104,878 80,764 302,936
Sales and marketing 30,529 141,618 238,065 232,157
Professional service fees 517,760 244,128 1,413,660 504,431
Technology 227,845 56,669 553,536 176,349
Organization costs 40,030 149,219
Depreciation and amortization 148,803 273,040 531,803 940,930
Other expenses 78,160 13,385 257,814 31,115
Total Operating Expenses 1,771,411 1,274,820 5,207,359 3,397,576
Operating loss (1,773,527) (1,231,103) (5,195,221) (3,348,086)
Other Income (Expenses)        
Interest income (expense), net (236,302) (77,159) (335,754) (216,310)
Total Other Income (Expense) (236,302) (77,159) (335,754) (216,310)
Net loss from continuing operations before taxes (2,009,829) (1,308,262) (5,530,975) (3,564,396)
Provision for income taxes
Net loss from continuing operations (2,009,829) (1,308,262) (5,530,975) (3,564,396)
Net gain (loss) from discontinued operations, net of taxes 566 8,344
Net loss (2,009,263) (1,308,262) (5,522,631) (3,564,396)
Preferred dividends (10,688) (32,063)
Net Loss Applicable to Common Stockholders $ (2,019,951) $ (1,308,262) $ (5,554,694) $ (3,564,396)
Basic loss per common share from continuing operations [1] $ (0.35) $ (15.69) $ (1.35) $ (42.75)
Diluted loss per common share from continuing operations [1] (0.35) (15.69) (1.35) (42.75)
Basic loss per common share from discontinued operations [1]
Diluted loss per common share from discontinued operations [1]
Basic loss per common share [1] (0.35) (15.69) (1.35) (42.75)
Diluted loss per common share [1] $ (0.35) $ (15.69) $ (1.35) $ (42.75)
Weighted average number of shares outstanding basic [1] 5,811,765 83,371 4,116,003 83,371
Weighted average number of shares outstanding diluted [1] 5,811,765 83,371 4,116,003 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.