Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 178

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 3
Chunk 178
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Concentration
of credit risk

Financial
instruments that potentially expose us to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable.
We place our cash and cash equivalents with financial institutions with high credit ratings and quality.

We
conduct credit evaluations of customers, and generally do not require collateral or other security from our customers. We establish an
allowance for doubtful accounts primarily based upon the age of the receivables and factors surrounding the credit risk of specific customers.

Concentration
risk in major customers

For
the three months ended June 30, 2025, the Company had 3 major customers that constituted 24.94%, 30.21% and 25.18% of its revenue, with
accounts receivable of $0 at the period-end, respectively.

For
the six months ended June 30, 2025, the Company had 3 major customers that constituted 33.18%, 23.51% and 19.59% of its revenue, with
accounts receivable of $0 at the period-end, respectively.

For
the three months ended June 30, 2024, the Company had a single customer that constituted 11.69% of its revenues, with accounts receivable
of $0 at the year-end.

For
the six months ended June 30, 2025, the Company had a single customer that constituted 10.36% of its revenues, with accounts receivable
of $0 at the year-end.

Exchange
rate risk

Our
foreign currency exposure gives rise to market risks associated with exchange rate movements against the Vietnam Dong, Malaysian Ringgit,
Indonesian Rupiah and the United States dollar. As of June 30, 2025 and 2024, we did not hold or issue any derivative for trading purposes
or to hedge against fluctuations in foreign exchange rates. We mitigated this risk by conducting sales and purchases transactions in
the same currency. Doing so helped to reduce, but has not eliminated, the impact of foreign currency exchange rate movements. As of December
31, 2024 and 2023, we had no outstanding forward exchange or foreign currency option contracts.

We
currently do not have a foreign currency hedging policy. However, our management monitor foreign exchange exposure and will consider
hedging significant foreign exchange exposure should the need arise.

Economic
and political risk

Our
major operations are conducted in Republic of Vietnam, Malaysia, Indonesia and China. Accordingly