Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 83

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 83
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FOR
THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$”))

NOTE
– 1 DESCRIPTION OF BUSINESS AND ORGANIZATION

Nusatrip
Incorporated (“NusaTrip”) is incorporated under the laws of Nevada on May 22, 2023, which has no substantive operations other
than holding all of the outstanding equity of its operating subsidiaries as described below. Nusatrip and its subsidiaries (collectively
referred to as the “Company”) are mainly engaged in the provision of online ticketing and reservation services.

The
Company is an Online Travel Agency (“OTA”) in Indonesia and across Indonesia, Singapore, Vietnam, the Philippines and Thailand
(“SEA”). As an OTA, the Company, is an intermediary between travelers and various travel service providers such as airlines
and hotels. The Company offers a one-stop platform where travelers can search, compare, and book flights, hotels, car rentals, and other
travel-related services. The Company earns revenue through commissions, service fees, and advertising partnerships. The Company negotiates
agreements with airlines, hotels, and other travel suppliers to access their inventory and offer competitive prices to customers.

The
accompanying carve-out combined and consolidated financial statements reflect the activities of the Company and each of the entities,
as contemplated after the Reorganization, as described below:

Description
of subsidiaries incorporated by the Company

Schedule
of Description of subsidiaries

SCHEDULE
OF DESCRIPTION OF SUBSIDIARIES

    Name 
    Place and date of  incorporation 
    Principal  activities 
    Particulars of  registered/paid up  share capital 
    Effective  interest  held 
  
    PT Tunas Sukses Mandiri (“PTTSM”) 
    Indonesia  February 8, 2010 
    Online ticketing and reservation 
    IDR 26,000,000 
     99%
  
    Nusatrip Malaysia Sdn Bhd (“NMSB”) 
    Malaysia  March 1, 2017 
    Online ticketing and reservation 
    MYR 52,000 
     99%
  
    Nusatrip Singapore Pte. Ltd. (“NSPL”) 
    Singapore December 6, 2016 
    Online ticketing and reservation 
    SGD 212,206 
     99%
  
    Nusatrip International Pte. Ltd. (“NI