Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 163

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 163
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 and management meetings and contribute to Company’s business plans.
Also, assisting Company in corporate development by introducing customers or strategic partners to Company to drive business growth etc.
The increase was mainly due to the increase of legal and professional fee of $1,640,194  and the IT related cost of $193,962, partially
offset by wages and salaries of $813,903 for employee restructuring exercise.

Other
income (expense). For the three months ended September 30, 2025, net other income increased by $213,016 or 646.38% to $245,971, as
compared to net other income of $32,955 for the three months ended September 30, 2024. For the nine months ended September 30, 2025,
net other income increased by $815,388 or 2,295.70% to $850,906, as compared to net other income of $35,518 for the nine months ended
September 30, 2024. The increase mainly due to adjustments for refunds and vouchers issued for air ticket cancellations during COVID-19,
which have been outstanding for over five years and remain unredeemed.

Loss
before income tax. For the three months ended September 30, 2025, loss before income taxes increased by $961,279 or 2,394.99% to
$1,001,416, as compared to loss before tax by $40,137 for the three months ended September 30, 2024. For the nine months ended September
30, 2025, loss before income taxes increased by $59,979 or 12.39% to $544,038, as compared to loss before income tax by $484,059 for
the nine months ended September 30, 2024.

Income
Taxes.  Our income taxes  for the three months ended September 30, 2025 and 2024 was $47,839 and $ 3,330, respectively,
and for nine months ended September 30, 2025 and 2024 was $47,839 and $3,897, 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
Loss. As a result of the items noted above, for