Company: NUTR
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001641172-25-004581
Chunk: 64

Company: NUSATRIP Inc
Filing Date: 2025-04-14
Form: S-1/A
Chunk 64
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 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 $6,396,754.

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 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 year ended December 31, 2024 and 2023:

|                                                     |     | Year Ended   
 December 31, 
 2024         |           |   |     | 2023 |            |   |
|:----------------------------------------------------|:----|:-------------|----------:|:--|:----|:-----|-----------:|:--|
| Net cash provided by (used in) operating activities |     | $            | 6,369,754 |   |     | $