v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 12 Months Ended
May 31, 2024
May 31, 2023
Feb. 29, 2024
Feb. 28, 2023
Income Statement [Abstract]        
Revenue $ 188,793 $ 19,562 $ 458,752 $ 382,832
Cost of revenue (exclusive of depreciation and amortization, shown separately below) (173,581) (17,718) (397,532) (354,921)
Gross profit 15,212 1,844 61,220 27,911
Operating Expenses        
Salaries and benefits 626,752 407,609 1,604,487 2,124,296
Stock based compensation 16,394 116,512
General and administrative 27,555 69,103 152,106 209,561
Sales and marketing 156,188 40,781 484,250 707,137
Professional service fees 523,873 134,370 1,421,508 615,432
Technology 184,669 35,893 311,430 551,418
Organization costs 28,737 25,000
Depreciation and amortization 287,586 336,339 1,468,762 707,238
Other expenses 115,859 7,730 156,522 64,684
Total Operating Expenses 1,967,613 1,031,825 5,740,577 4,979,766
Operating loss (1,952,401) (1,029,981) (5,679,357) (4,951,855)
Other Income (Expenses)        
Loss on disposal of assets     (14,718)
Gain on extinguishment of liability     166,890
Loss on promissory note receivable     (1,567,665)
Interest income (expense), net (35,225) (65,390) (48,620) (71,871)
Other Income (expense)     486,633 (9,770)
Total other income (expense) (35,225) (65,390) (977,480) (81,641)
Net loss from continuing operations before taxes (1,987,626) (1,095,371) (6,656,837) (5,033,496)
Provision for income taxes
Net loss from continuing operations (1,987,626) (1,095,371) (6,656,837) (5,033,496)
Net gain from discontinued operations, net of taxes 8,909 (675,314)
Net loss (1,978,717) (1,095,371) (7,332,151) (5,033,496)
Preferred dividends (10,688) (7,125)
Net Loss Applicable to Common Stockholders $ (1,989,405) $ (1,095,371) $ (7,339,276) $ (5,033,496)
Basic loss per common share from continuing operations $ (1.56) [1] $ (13.14) [1] $ (29.16) [2] $ (70.32) [2]
Diluted loss per common share from continuing operations (1.56) [1] (13.14) [1] (29.16) [2] (70.32) [2]
Basic loss per common share from discontinued operations 0.01 [1] [1] (2.96) [2] [2]
Diluted loss per common share from discontinued operations 0.01 [1] [1] (2.96) [2] [2]
Basic loss per common share (1.55) [1] (13.14) [1] (32.12) [2] (70.32) [2]
Diluted loss per common share $ (1.55) [1] $ (13.14) [1] $ (32.12) [2] $ (70.32) [2]
Basic weighted average number of common shares 1,279,165 [1] 83,371 [1] 228,274 [2] 71,581 [2]
Diluted weighted average number of common shares 1,279,165 [1] 83,371 [1] 228,274 [2] 71,581 [2]
[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.
[2] 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.