Company: NUTR
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001641172-25-000122
Chunk: 66

Company: NUSATRIP Inc
Filing Date: 2025-03-21
Form: S-1
Chunk 66
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 working capital used in lease liabilities of $127,646 and deposits, prepayments and other receivables including related parties of
$2,117,842.

For the year ended December 31, 2023, net cash
used in operating activities was $919,564, which consisted primarily of a net income of $79,912, adjusted by add back of depreciation
of plant and equipment of $88,706, amortization of intangible assets of $25,812, depreciation of ROU of $105,730, bad debt written off
$22,527 and deduct deferred tax assets of $149,858 and waiver of debts of $140,628, working capital used in account receivables of $537,955,
inventory of $308,554, prepayment and other receivables including related parties of $978, accrued liabilities and other payables including
related parties of $951,009, and contract liabilities of $152,025, partially offset by working capital provided from trade payables of
$998,756.

Changes in operating activities increased by
$7,289,318 or 792.69% from net cash used of $919,564 for December 31, 2023 to net cash used of $6,369,754 for December 31, 2024 mainly
due to decrease repayment of accrued liabilities and other payables including related parties of $8,570,091, decrease in deferred tax
assets of $242,028, decrease in settlement of inventory of $472,489 and decrease in repayment of contract liabilities of
$596,314, partially offset by net loss increase of $867,008 and deposit, prepayments and other receivables including related parties
decrease of $2,116,863.

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 years ended December 31, 2024 and 2023,
there was a net cash outflow of $NIL and $29,550 primarily as a result of the purchase of plant and equipment.

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