Company: NUTR
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012203
Chunk: 65

Company: NUSATRIP Inc
Filing Date: 2025-05-23
Form: S-1/A
Chunk 65
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written off of $100,302, inventory written off of $55,112, depreciation of plant and equipment of $80,443, amortization of intangible
assets of $24,638, depreciation of ROU of $128,591, deferred tax assets of $92,170, working capital provided by account receivables of
$58,159, inventory of $163,935, trade payables of $568,211, accrued liabilities and other payables including related parties
of $7,619,082, fixed asset written off of $67,406, inventory written off of $55,112 and contract liabilities of $444,289, partially offset
by working capital used in lease liabilities of $127,646 and deposits, prepayments and other receivables including related parties of
$2,117,842.

For the year ended December 31, 2023, net cash
used in operating activities was $919,564, which consisted primarily of a net income of $79,912, adjusted by add back of depreciation
of plant and equipment of $88,706, amortization of intangible assets of $25,812, depreciation of ROU of $105,730, bad debt written off
$22,527 and deduct deferred tax assets of $149,858 and waiver of debts of $140,628, working capital used in account receivables of $537,955,
inventory of $308,554, prepayment and other receivables including related parties of $978, accrued liabilities and other payables including
related parties of $951,009, and contract liabilities of $152,025, partially offset by working capital provided from trade payables of
$998,756.

Changes in operating activities increased by
$7,289,318 or 792.69% from net cash used of $919,564 for December 31, 2023 to net cash used of $6,369,754 for December 31, 2024 mainly
due to decrease repayment of accrued liabilities and other payables including related parties of $8,570,091, decrease in deferred tax
assets of $242,028, decrease in settlement of inventory of $472,489 and decrease in repayment of contract liabilities of
$596,314, partially offset by net loss increase of $867,008 and deposit, prepayments and other receivables including related parties
decrease of $2,116,863.

Until we generate cash flows from