Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 52

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 52
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 agency business before the Reorganization. The carve-out combined and consolidated financial statements are
presented as if the Company had been in existence and the reorganization had been in effect during the period ended December 31, 2021,
2022, 2023, 2024 and September 30, 2025.

The
excess or deficit arise from elimination between capital stock of subsidiaries and investment cost of holding companies arise from group
restructuring exercise are charged to additional paid in capital and other equity is consolidated in effect during the period ended December
31, 2024 and 2023.

36

The
assets and liabilities have been stated at historical carrying amounts. Only those assets and liabilities that are specifically identifiable
to the travel agency business are included in the Company’s combined and consolidated carve-out financial statements.

All
revenues, cost of revenues and operating expenses attributable to travel agency business are reflected in accompanying carve-out combined
and consolidated financial statements.

Income
tax liability is calculated based on a separate return basis as if SOPA had filed separate tax returns before the completion of the Reorganization.
Immediately following the Reorganization, the Company began to file separate tax returns and report the income tax based on the actual
tax return of each legal entity under its respective tax regime.

The
consolidation of Nusatrip Inc and its subsidiaries has been accounted for at historical cost and prepared on the basis as if the aforementioned
transactions had become effective as of the beginning of the first period, January 1, 2021, presented in the accompanying carve-out combined
and consolidated financial statements.

Financial
Condition

Results
of Operations

The
following table sets forth certain operational data for the three and nine months ended September 30, 2025 and 2024:

    Three
    months ended  September 30,  
    Nine
    months ended  September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Revenue, net 
    $768,674  
    $173,446  
    $2,044,872  
    $887,711 
  
    Cost of revenue 
     —  
     (4,279) 
     —  
     (16,469)
  
    Gross income 
     768,674  
     169,167  
     2,044,872  
     871,242