Company: NUTR
Filing Date: 2025-08-15
Form Type: 424B4
Source: 0001641172-25-024294
Chunk: 57

Company: NUSATRIP Inc
Filing Date: 2025-08-15
Form: 424B4
Chunk 57
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 sales tax and the fact that the Company imposed an overall cost control since beginning of year 2024.

Other income (expenses)

For the year ended December 31, 2024, net other expenses increased by $207,925 or 128.72% to $46,395, as compared to net other income of $161,530 for the year ended December 31, 2023. The reduction is mainly due to the fixed assets written off of $67,406 for the year ended December 31, 2024 due to office renovation.

Income (Loss) before income taxes

For the year ended December 31, 2024, our loss before income tax increased by $887,224 or 923.26% to $791,127, as compared to income before income tax of $96,097 for the year ended December 31, 2023. This is mainly caused by significant decrease in revenue.

Income Tax Expense

The company had a net reverse income tax expense for over provision in prior year of $4,031 for the year ended December 31, 2024 while we have incurred income tax expense and deferred tax expense of $16,185 for the year ended December 31, 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.

Net income (loss)

For the year ended December 31, 2024, we incurred a net loss of approximately $787,096, representing a negative swing of $867,008 or 1,084.95% compared to net income of $79,912 for the year ended December 31, 2023. The shift form profitability to loss is mainly attributable to significant reduction in revenue as explained earlier.

Liquidity and Capital Resources

As of December 31, 2024, we had cash and cash equivalents of $6,934,107 and working capital deficit of $6,005,394. For the year ended December 31, 2024, the Company incurred net loss of $787,096 and net cash provided by operating activities of $6,369,754.

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