Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 164

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 164
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 the three months ended September 30, 2025, we incurred a net loss of $1,049,255 as
compared to the same period ended September 30, 2024 of $43,467, a net loss. During the nine months ended September 30, 2024 the Company
incurred a net loss of $591,877, as compared to a net loss incurred of $487,956 for the same period ended September 30, 2024. The increase
in net loss was primarily driven by a significant rise in professional fees following the Company’s IPO, totaling approximately
$1.6 million in 2025 compared to $24,244 in 2024, partially offset by higher revenue contributions from ticketing sales and
online advertising. The net loss for the nine months ended September 30, 2025 also includes non-cash depreciation and amortization expenses
of $149,616.

39

Liquidity
and Capital Resources

As
of September 30, 2025, we had cash and cash equivalents and restricted cash of $5,104,182 and $50,000, respectively, accounts receivable
of $526,984, deposits, prepayments and other receivables of $11,605,320, and inventories of $18,431.

For
the nine months ended September 30, 2025, the Company’s stockholders’ equity increased to $10,626,539, primarily due to an
increase in additional paid-in capital arising from the initial public offering (IPO) completed on August 18, 2025, partially offset
by the accumulated deficit from ongoing operations. For the nine months ended September 30, 2025, the Company reported a net loss of
$591,877 and net cash used in operating activities of $18,473,804. This was partially offset by net cash provided by financing activities
of $16,920,361, mainly attributable to the proceeds from the IPO and related financing transactions.

While
the Company believes that it will be able to continue to grow the Company’s revenue base and control expenditures, there is no
assurance it will be able to do so. The Company continually monitors its capital structure and operating plans and evaluates various
potential funding alternatives that may be needed in order to finance the Company’s business development activities, general and
administrative expenses and growth strategy. We expect to continue to rely on cash generated through financing from public offerings