Exhibit 99.1
Unaudited Pro Forma Condense Balance Sheet of NextTrip, Inc.
| November 30, 2024 | Pro Forma Adjustments | Note Reference | As Adjusted November 30, 2024 | |||||||||||
| Cash and Cash Equivalents | $ | 15,385 | $ | 3,326,995 | (1) (4) (6) (9) (10) (13) (14) (17) (22) | $ | 3,342,380 | |||||||
| Total Other Current Assets | $ | 1,509,126 | $ | 450,220 | (2) (4) (7) (11) (16) (21) | $ | 1,959,346 | |||||||
| Total Non-Current Assets | $ | 3,454,240 | $ | 4,287,250 | (13) (16) (20) | $ | 7,741,490 | |||||||
| Total Assets | $ | 4,978,751 | $ | 8,064,465 | $ | 13,043,216 | ||||||||
| Total Current Liabilities | $ | 6,394,097 | $ | (3,518,189 | ) | (3) (4) (5) (8) (14) (15) (18) (19) | $ | 2,875,908 | ||||||
| Total Liabilities | $ | 6,394,097 | $ | (3,518,189 | ) | (3) (4) (5) (8) (14) (15) (18) (19) | $ | 2,875,908 | ||||||
| Stockholders’ Equity (Deficit): | ||||||||||||||
| Preferred Stock; par value $0.001, 10 000,000 authorized, 225,520 issued and outstanding as of November 30, 2024 | $ | 226 | $ | 2,872 | (1) (2) (3) (5) (9) (13) (15) (17) (18) (19) (20) (22) | $ | 3,098 | |||||||
| Common Stock; par value $0.001, 250,000,000 authorized, 1,429,492 issued and outstanding as of November 30, 2024 | $ | 1,430 | $ | 227 | (6) (7) (10) (11) (12) (16) | $ | 1,657 | |||||||
| Additional Paid in Capital | $ | 28,288,831 | $ | 13,481,251 | (1) (2) (3) (5) (6) (7) (8) (9) (10) (11) (12) (13) (15) (16) (17) (18) (19) (20) (22) | $ | 41,770,082 | |||||||
| Accumulated Deficit | $ | (29,705,833 | ) | $ | (1,901,696 | ) | (12) (15) (21) | $ | (31,607,529 | ) | ||||
| Total Stockholders’ Equity (Deficit) | $ | (1,415,346 | ) | $ | 11,582,654 | $ | 10,167,308 | |||||||
Total Liabilities and Stockholders’ Equity (Deficit) | $ | 4,978,751 | $ | 8,064,465 | $ | 13,043,216 | ||||||||
| (1) | Issuance of 231,788 shares of Series I preferred to an investor at $3.02 per share. | |
| (2) | Issuance of 60,595 shares of Series K preferred for prepaid interest related to the sale of short-term promissory notes. | |
| (3) | Conversion of related party short-term promissory notes into 579,469 Series L preferred shares at $3.02 per share. | |
| (4) | Sale of short-term promissory notes to an investor for a principal amount of $402,500, including an original issue discount of $52,500. | |
| (5) | Issuance of 133,278 shares of Series M preferred at $3.02 per share to an investor for the conversion of $402,500 in short-term promissory notes. | |
| (6) | Issuance of 85,235 common shares for the exercise of warrants by an investor. | |
| (7) | Issuance of 28,281 common shares to a consulting firm for investor relations services. | |
| (8) | Issuance of common warrants in connection with the sale of short-term promissory notes to investors. | |
| (9) | Issuance of 17,000 shares of Series N preferred to an investor at $5.00 per share. | |
| (10) | Issuance of 19,730 common shares for the exercise of warrants by an investor. | |
| (11) | Issuance of 30,000 common shares to a consulting firm for investor relations services. | |
| (12) | Issuance of 4,000 shares of common stock to a former employee pursuant to the terms of the Separation Agreement. | |
| (13) | Issuance of 161,291 shares of Series O preferred in connection with the 49% acquisition of Five Star Alliance. | |
| (14) | Sale of short-term promissory note to an investor for $1,000,000. | |
| (15) | Conversion of $1,000,000 short-term promissory note into 250,000 shares of Series P preferred at $4.00 per share. | |
| (16) | Issuance of 60,000 common shares and warrants to AOS Holdings, Inc. in connection with a two-year strategic consulting contract. | |
| (17) | Issuance of 93,750 shares of Series P preferred to an investor at $4.00 per share. | |
| (18) | Conversion of related party short-term promissory notes and deferred salary into 496,689 shares of Series L preferred at $3.02 per share. | |
| (19) | Conversion of payable to a contractor into 33,113 shares of Series I preferred. | |
| (20) | Issuance of 483,000 shares of Series N preferred in connection with a 10% minority interest investment in Blue Fysh Holdings, Inc. | |
| (21) | Write-off of NextPlay promissory note deemed uncollectible. | |
| (22) | Issuance of 331,125 shares of Series I preferred to an investor at $3.02 per share. |