Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 46

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 46
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120,651  
     88,913 
  
    Valuation allowance adjustments 
     (120,651) 
     (88,913)
  
    Post employment benefit 
     9,763  
     57,688 
  
    Deferred
    tax assets, net 
    $9,763  
    $57,688 

The
Internal Revenue Code includes a provision, referred to as Global Intangible Low-Taxed Income (“GILTI”), which provides for
a 10.5% tax on certain income of controlled foreign corporations. We have elected to account for GILTI as a period cost if and when occurred,
rather than recognizing deferred taxes for basis differences expected to reverse.

NOTE
– 15 PENSION COSTS

The
Company is required to make contribution to their employees under a government-mandated defined contribution pension scheme for its eligible
full-times employees in all countries operating in the Company. The Company is required to contribute a specified percentage of the participants’
relevant income based on their ages and wages level. During the nine months ended September 30, 2025 and 2024, $42,050 and $71,010   contributions
were made accordingly. During the three months ended September 30, 2025 and 2024, $14,171 and $27,406 contributions were made accordingly.

    32

NOTE
– 16 RELATED PARTY TRANSACTIONS

From
time to time, shareholder of the Company advanced funds to the Company for working capital purposes. Those advances are unsecured, non-interest
bearing and due on demand.

The
Company has no other significant or material related party transactions during the periods presented.

NOTE
– 17 CONCENTRATIONS OF RISK

The
Company is exposed to the following concentrations of risk:

SCHEDULE
OF CONCENTRATION OF RISK 

(a)
Major customers

For
the three and nine months ended September 30, 2025 and 2024, respectively, the customers who accounted for 10% or more of the Company’s
revenues and its outstanding receivable balances at period-end dates, are presented as follows:

    For
    the Three Months Ended 
    September 30, 2025  
    As
    of 
    September 30, 2025 

    Percentage
    of  
    Accounts 
  
    Customer 
    Revenue  
    revenues  
    receivable