Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 157

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 2
Chunk 157
---
0 at the year-end.

Exchange
rate risk

Our
foreign currency exposure gives rise to market risks associated with exchange rate movements against the Vietnam Dong, Malaysian Ringgit,
Indonesian Rupiah and the United States dollar. As of June 30, 2025 and 2024, we did not hold or issue any derivative for trading purposes
or to hedge against fluctuations in foreign exchange rates. We mitigated this risk by conducting sales and purchases transactions in
the same currency. Doing so helped to reduce, but has not eliminated, the impact of foreign currency exchange rate movements. As of December
31, 2024 and 2023, we had no outstanding forward exchange or foreign currency option contracts.

We
currently do not have a foreign currency hedging policy. However, our management monitor foreign exchange exposure and will consider
hedging significant foreign exchange exposure should the need arise.

Economic
and political risk

Our
major operations are conducted in Republic of Vietnam, Malaysia, Indonesia and China. Accordingly, the political, economic, and legal
environments in Republic of Vietnam, Malaysia, Indonesia and China, as well as these countries’ economy may influence our business,
financial condition, and results of operations.

46

Significant
accounting policies

    ●
    Basis
    of Presentation

These
accompanying carve-out combined and consolidated financial statements have been prepared in accordance with generally accepted accounting
principles in the United States of America (“US GAAP”).

    ●
    Emerging
    Growth Company

The
Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our
Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements
that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required
to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced
disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements
of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously
approved.

Further,
Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting
standards until private companies (that is, those that have