Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 40

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 40
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2025, bearing an annual percentage rate (APR) of 8.45 %
and a total finance charge of $4,124.
The total payments due under the agreement are $120,164.

The
insurance policy provides coverage for the period August 15, 2025 through August 14, 2026. Accordingly, the full premium is recorded
as a prepaid insurance asset, which is amortized on a straight-line basis over the 12-month coverage period, while the financed portion
is recognized as a short-term loan payable.

The
loan is secured by a security interest in all rights, title, and interest to the financed insurance policies, including any unearned
premiums or refunds arising from cancellation or adjustments to the policy coverage.

As
of September 30, 2025, only the initial down payment of $29,010 had been made, with no installment payments yet due.

    27

NOTE
– 12 SHAREHOLDERS’ EQUITY (DEFICIT)

Authorized
stock

The
Company is authorized to issue two classes of stock. The total number of shares of stock which the Company is authorized to issue is
210,000,000 shares of capital stock, consisting of 200,000,000 shares of Common Stock at $0.0001 par value per share, of which 14,000,000
and 1,000 shares are designated for the year ended December 31, 2024 and 2023, respectively, and 10,000,000 shares of preferred stock
at $0.0001 par value per share, of which 75,000 and 0 shares are designated for the year ended December 31, 2024 and 2023, respectively.
For the three and nine months period ended September 30, 2025 and 2024, the Company did not recognize any amortization of stock compensation
expense.

Common
stock

On
date of incorporation, the company issued 1,000 shares of Common Stock to Society Pass Inc at a price of $0.0001 per share.

On
June 3, 2024, the company issued an additional 7,999,000 shares of Common Stock to Society Pass Inc at a price of $0.0001
per share.

On
September 2, 2024, the company issued an additional 6,000,000 shares of Common Stock to Society Pass Inc at a price of $0.000