Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 153

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 2
Chunk 153
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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 than not that these assets will not be realized in the future.

Net
Profit (Loss). As a result of the items noted above, for the three months ended June 30, 2025, we generated a net profit of $997,691
as compared to the same period ended June 30, 2024 of -$436,611, a net loss. During the six months ended June 30, 2024 the Company generated
a net profit of $457,378, as compared to a net loss incurred of -$444,489 for the same period ended June 30, 2024. The increase in net
profit was primarily attributable to higher revenue generated from ticketing sales and online advertising. The net profit for the six
months ended June 30, 2025 includes non-cash items depreciation and amortization of $92,335.

43

Liquidity
and Capital Resources

As
of June 30, 2025, we had cash and cash equivalents and restricted cash of $6,924,437 and $50,000, respectively, accounts receivable of
$489,473, deposits, prepayments and other receivables of $8,594,017, inventories of $54,280 and deferred tax assets of $57,688.

For
the six months ended June 30, 2025, the Company’s stockholders’ equity was $3,704,232 which decreased as a result of an increase
in accumulated