Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 75

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 75
---
, and other operating costsCompany imposed an overall cost control since beginning of year 2024.

Other income (expenses)

For the year ended December 31, 20232024,
net other income decreasedexpenses increased by $930,003207,925 or 85.20128.72%
to $161,53046,395, as compared to net other income of $1,091,533161,530 for the year ended
December 31, 20222023. The reduction is mainly due to the waiverfixed assets written off
of debt from amount due to previous shareholder decrease of $957,241 or 87.19% from $1,097,870 for the year ended December 31, 2022 to $140,629$67,406 for the year ended December 31, 2023 due to office renovation.

Income (Loss) before income taxes

For the year ended December 31, 20242023,
our operations performanceloss before income tax increased by $934,893887,224
or 111.46923.26% to income from operations of $96,097$791,127, as compared to loss from operationsincome before income tax of $838,79696,097 for the year ended December 31, 2022. The decrease2023. Thisis mainly caused by the increasesignificant decreasein gross profit and decrease in general and administrative expenses as explained earlierrevenue.

Income Tax Expense

WeThe 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
expenseand deferred tax expense of $16,185 and $179,123for the year ended December 31, 2023 and 2022,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, 2023, our2024, we incurred anet loss decreased byof approximately $1,097,831787,096, representing a negative swing of $867,008 or 107.85%1,084.95% compared to net income of $79,912, as compared to net loss of $1,017,919 for the year