---
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"
generated_at: "2026-05-18T15:09:16.398996+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NextTrip discloses FSA Travel Q1 2025 net loss $59K; going concern doubt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-017181
- JSON: https://secwatch.observer/filing/0001641172-25-017181.json
- Plain text: https://secwatch.observer/filing/0001641172-25-017181.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.