Company: NUTR
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012203
Chunk: 62

Company: NUSATRIP Inc
Filing Date: 2025-05-23
Form: S-1/A
Chunk 62
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 $6,837 for the year ended December 31, 2024 from $10,493 for the year ended December 31, 2023 is due to the
dropping of Vietnam hotel technology platform software service subscription earned from local hotel for local cross-border
traveler.

Cost of Revenue

For the year ended December 31, 2024, our
cost of revenue is hotel technology platform software service subscription, decreased by $24,757 or 58.22% to $17,769, as compared
to $42,526 for the year ended December 31, 2023. The decrease is due to termination of some high software cost.

| 43 |

Gross Profit

For the year ended December 31, 2024, our
gross profit decreased by $1,101,158 or 48.61% to $1,163,977, as compared to $2,265,135 for the year ended December 31, 2023. Gross
profit margin of 98.50% for the year ended December 31, 2024 was increased by 0.34%, as compared to gross profit margin of 98.16% in
December 31, 2023. Significant high gross profit margin is the nature of our business for which the majority of the revenue are
recognized at net basis, according to agency theory, the cost of purchase is net off in the revenue against the Gross
Merchandise Value (GMV) and the revenue is supported by operating costs. The increase is mainly attributable to the decrease in cost
of revenue for the year ended December 31, 2024.

Sales and Marketing Expenses (“S&M”)

For the year ended December 31, 2024, our sales
and marketing expenses decreased by $135,308 or 44.86% to $166,289, as compared with $301,597 for the year ended December 31, 2023. The
decrease in S&M is primarily attributable to the further cost control for related marketing and promotion.

General and Administrative Expenses (“G&A”)

For the year ended December 31, 2024, our
general and administrative expenses decreased by $286,551 or 14.12% to $1,742,420, as compared with $2,028,971 for the year ended
December 31, 2023. The decrease was mainly due to the adjustment of post-employment benefit, unclaimable