Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 52

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 1
Chunk 52
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 the professional costs associated with costs related to business
development, the Company’s business and management meetings and contribute to Company’s business plans. Also, assisting Company
in corporate development by introducing customers or strategic partners to Company to drive business growth etc. The increase was mainly
due to the increase of legal and professional fee of $458,273 and the IT related cost of $128,599, partially offset by decrease of wages
and salaries of $421,531 for employee restructuring exercise.

Other
income (expense). For the three months ended June 30, 2025, net other income increased by $611,893 or 2,671,67% to $588,990, as compared
to net other income of -$22,903 for the three months ended June 30, 2024. For the six months ended June 30, 2025, net other income increased
by $602,372 or 23,502.61% to $604,935, as compared to net other income of $2,563 for the six months ended June 30, 2024. The increase
mainly due to adjustments for refunds and vouchers issued for air ticket cancellations during COVID-19, which have been outstanding for
over five years and remain unredeemed.

Profit
(Loss) before income tax. For the three months ended June 30, 2025, profit before income taxes increased by $1,434,200 or 328.56%
to $997,691, as compared to loss before tax by $436,509 for the three months ended June 30, 2024. For the six months ended June 30, 2025,
profit before income taxes increased by $901,300 or 203.03% to $457,378, as compared to loss before income tax by $443,922 for the six
months ended June 30, 2024. The increase is primarily attributable to the growth in revenue from ticketing sales and online advertising.

Income
Tax Expense. Our income tax expense for the three months ended June 30, 2025 and 2024 was $0 and $102, respectively, and for six
months ended June 30, 2025 and 2024 was $0 and $567, respectively.

The
Company has provided for a full valuation allowance against the deferred tax assets on the expected future tax benefits from the net
operating loss carryforwards as the management believes it is more likely