Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 111

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 111
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 (34,690)
  
    Present
    value of lease liabilities – current liability 
    $54,429 

NOTE
– 11 LOAN

 SCHEDULE
OF LOANS

    September
    30, 2025  
    December
    31, 2024 

    (Unaudited)  

    Loan
    – A (i) 
    $116,040  
    $— 

i)On August 19, 2025,
the Company entered into a premium finance agreement with IPFS Corporation through its insurance broker, Arthur J. Gallagher Risk Management
Services LLC, to finance the annual Directors and Officers (D&O) insurance policies underwritten by Palomar Excess and Surplus Insurance
Company and XL Specialty Insurance Company.

The
total insurance premium amounted to $145,050,
of which a down payment of $29,010 was
made upon inception. The remaining principal balance of $116,040
is financed through nine (9) equal monthly installments of
$13,352,
beginning September 15, 2025, bearing an annual percentage rate (APR) of 8.45 %
and a total finance charge of $4,124.
The total payments due under the agreement are $120,164.

The
insurance policy provides coverage for the period August 15, 2025 through August 14, 2026. Accordingly, the full premium is recorded
as a prepaid insurance asset, which is amortized on a straight-line basis over the 12-month coverage period, while the financed portion
is recognized as a short-term loan payable.

The
loan is secured by a security interest in all rights, title, and interest to the financed insurance policies, including any unearned
premiums or refunds arising from cancellation or adjustments to the policy coverage.

As
of September 30, 2025, only the initial down payment of $29,010 had been made, with no installment payments yet due.

    27

NOTE
– 12 SHAREHOLDERS’ EQUITY (DEFICIT)

Authorized
stock

The
Company is authorized to issue two classes of stock. The total number of shares of stock which the Company is authorized to issue is
210,000,000 shares of capital stock, consisting of 200,000,000 shares of Common Stock at $0.0001 par value per share, of which 14,000,