Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 77

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 77
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NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$”))

NOTE
– 1 DESCRIPTION OF BUSINESS AND ORGANIZATION

Nusatrip
Incorporated (“NusaTrip”) is incorporated under the laws of Nevada on May 22, 2023, which has no substantive operations other
than holding all of the outstanding equity of its operating subsidiaries as described below. Nusatrip and its subsidiaries (collectively
referred to as the “Company”) are mainly engaged in the provision of online ticketing and reservation services.

The
Company is an Online Travel Agency (“OTA”) in Indonesia and across Indonesia, Singapore, Vietnam, the Philippines and Thailand
(“SEA”). As an OTA, the Company, is an intermediary between travelers and various travel service providers such as airlines
and hotels. The Company offers a one-stop platform where travelers can search, compare, and book flights, hotels, car rentals, and other
travel-related services. The Company earns revenue through commissions, service fees, and advertising partnerships. The Company negotiates
agreements with airlines, hotels, and other travel suppliers to access their inventory and offer competitive prices to customers.

The
accompanying carve-out combined and consolidated financial statements reflect the activities of the Company and each of the entities,
as contemplated after the Reorganization, as described below:

Description
of subsidiaries incorporated by the Company

Schedule
of Description of subsidiaries

SCHEDULE
OF DESCRIPTION OF SUBSIDIARIES

    Name 
    Place and date of
                                                                                incorporation 
    Principal
                                                                                activities 
    Particulars of
                                                                                registered/paid
up
                                                                                share capital 
    Effective
                                                                                interest  held 
  
    PT
    Tunas Sukses Mandiri (“PTTSM”) 
    Indonesia February 8, 2010
                                                                                 
    Online
    ticketing and reservation 
    IDR
    26,000,000 
     99%
  
    Nusatrip
    Malaysia Sdn Bhd (“NMSB”) 
    Malaysia March 1, 2017
                                                                                 
    Online
    ticketing and reservation 
    MYR
    52,000 
     99%
  
    Nusatrip
    Singapore Pte. Ltd. (“NSPL”) 
    Singapore