Company: NUTR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002312
Chunk: 63

Company: NUSATRIP Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 63
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, prepayment and other receivables of $178,659, contract liabilities of $239,163, and partially offset by working capital provided from trade payables of $1,451,516, accrued liabilities and other payables of $2,126,718 and inventory of $16,239.

Changes in operating activities decreased by $1,805,281 or 203.82% from net cash provided of $885,717 for December 31, 2022 to net cash used of $919,564 for December 31, 2023 mainly due to increase repayment of accrued liabilities and other payables of $3,077,727, increase in deferred tax assets of $320,184, increase in settlement of inventory of $324,793 and increase in repayment of trade payables of $452,760, partially offset by net income increase of $1,097,831 and waiver of debt decrease of $957,242.

Until we generate cash flows from operations, we expect to continue to rely on cash generated through financing from public offerings or private offerings by the Company or one or more of our subsidiaries’ securities, however, to finance our operations and future acquisitions.

Net Cash Used In Investing Activity.

For the year ended December 31, 2023 and 2022, there was a net cash outflow of $29,550 and $226,740 primarily as a result of the purchase of plant and equipment. The decrease was due to the reduction of continue investing in plant and equipment.

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Material Cash Requirements

Our cash requirements consist primarily of day-to-day operating expenses, capital expenditures and contractual obligations with respect to banking facilities and other operating leases. We lease all our office facilities. We expect to make future payments on existing leases from cash generated from operations. We have limited credit available from our major vendors and are obligated to settle the purchase invoices and repay the contractual bank loans in a punctual manner, which further constrains our cash liquidity.

We believe that we have sufficient working capital for our requirements for at least the next 12 months from the date of this prospectus, absent unforeseen circumstances, taking into account the financial resources presently available to us, including cash and cash equivalents on hand, cash flows from our operations and the estimated net proceeds from this offering.

Off-balance Sheet Financing Arrangements

We have no obligations, assets or liabilities which would be considered off-balance sheet arrangements as of December 31, 2023 and 2022. We do not participate in