EX-99.1 2 ex99-1.htm

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.