Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 167

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 167
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 be considered off-balance sheet arrangements as of September 30, 2025, and December
31, 2024. We do not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often
referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements.
We have not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt
or commitments of other entities, or purchased any non-financial assets.

41

Item
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Concentration
of credit risk

Financial
instruments that potentially expose us to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable.
We place our cash and cash equivalents with financial institutions with high credit ratings and quality.

We
conduct credit evaluations of customers, and generally do not require collateral or other security from our customers. We establish an
allowance for doubtful accounts primarily based upon the age of the receivables and factors surrounding the credit risk of specific customers.

Concentration
risk in major customers

For
the three months ended September 30, 2025, the Company had 2 major customers that constituted 51.94% and 26.02% of its revenue, with
accounts receivable of $450,000  at the period-end, respectively.

For
the nine months ended September 30, 2025, the Company had 4 major customers that constituted 40.23%, 14.67%, 12.23% and 9.78% of its
revenue, with accounts receivable of $450,000  at the period-end, respectively.

For
the three months ended September 30, 2024, the Company had a single customer that constituted 36.91%  of its revenues, with accounts
receivable of $0 at the year-end.

For
the nine months ended September 30, 2024, the Company had a single customer that constituted 15.55% of its revenues, with accounts receivable
of $0 at the year-end.

Exchange
rate risk

Our
foreign currency exposure gives rise to market risks associated with exchange rate movements against the Vietnam Dong, Malaysian Ringgit,
Chinese Yuan, Hong Kong Dollar, Indonesian Rupiah and the United States dollar. As of September 30, 2025 and 202