Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 84

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 84
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 is mainly caused by the decrease in revenue and gross profit.

Income Tax Expense

We incurred income tax of $3,897 and $501 for the nine months ended September 30, 2024 and 2023, 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.

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Net loss

For the nine months ended September 30, 2024, our net loss increased by approximately $364,999 or 296.85% to $487,956, as compared with net loss of $122,957 for the nine months ended September 30, 2023. The decrease in net loss is primarily attributable to the decrease in revenue and gross profit.

Liquidity and Capital Resources

As of September 30, 2024, we had cash and cash equivalents of $3,370,626 and working capital deficit of $6,164,541. For the nine months ended September 30, 2024, the Company incurred net loss of $487,956 and net cash provided by operating activities of $2,751,743.

While the Company believes that it will be able to continue to grow the Company’s revenue base and control expenditures, there is no assurance it will be able to do so. The Company continually monitors its cash, capital structure and operating plans and evaluates various potential funding alternatives that may be needed in order to finance the Company’s business development activities, general and administrative expenses and growth strategy. We expect to continue to rely on cash generated through financing from public offerings or private offerings of our or one or more of our subsidiaries’ securities, to finance our operations and future acquisitions. The Company believes that it has sufficient liquidity to continue its current business plans and operations for more than one year.

Cash Flows

The following table sets forth a summary of our cash flows for the three and nine months ended September 30, 2024 and 2023:

|                                                     |     | Nine Months Ended 
 September 30,     
 2024              |           |   |     | 2023 |            |   |
|:----------------------------------------------------|:----|:------------------|----------:|:--|:----|:-----|-----------:|:--|
| Net cash provided by (used in) operating activities |     | $                 |