{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-017181","form_type":"8-K","ticker":"NTRP","cik":"0000788611","company_name":"NextTrip, Inc.","filed_at":"2025-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.272089+00:00","generated_at":"2026-05-18T15:09:16.398996+00:00","sec_items":["9.01","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NextTrip discloses FSA Travel Q1 2025 net loss $59K; going concern doubt","bullets":["FSA Travel revenues $43,683, net loss $59,464 for three months ended March 31, 2025.","Accumulated deficit $1.87M; substantial doubt about FSA's ability to continue as a going concern.","Cash rose to $475,344 (from $6,987) after NextTrip's $500K investment and $500K investment in NextTrip.","NextTrip acquired remaining 51% of FSA on April 9, 2025, making it a wholly owned subsidiary.","On April 28, 2025, NextTrip paid $400K cash and issued 120,967 Series O Preferred for milestone achievements."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-017181","json":"https://secwatch.observer/filing/0001641172-25-017181.json","markdown":"https://secwatch.observer/filing/0001641172-25-017181.md","text":"https://secwatch.observer/filing/0001641172-25-017181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788611/000164117225017181/0001641172-25-017181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788611/000164117225017181/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T15:09:16.398996+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}