Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 120

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 120
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 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 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