Company: NUTR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002312
Chunk: 169

Company: NUSATRIP Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 169
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 stock are not entitled to any dividend rights.

Liquidation Right:The holders of the Company’s preferred stock are not entitled to any liquidation preference.

Conversion Rights:The shares of the Company preferred stock are not convertible into the Company’s common stock.

Redemption Rights:The Super Voting Preferred Stock is not subject to any redemption rights .

Other Matters:The holders of the Company’s preferred stock have no subscription or redemption privileges and are not subject to redemption. The Company’s Series Preferred Stock does not entitle its holders to preemptive rights. All of the outstanding shares of the Company’s preferred stock are fully paid and non-assessable.

NOTE 10 — INCOME TAXES

The provision for income taxes consisted of the following:

|                    |     |   |              Year 
             ended 
 December 31, 2023 |     |   |           Year 
          ended 
 December, 2022 |
|:-------------------|:----|:--|------------------:|:----|:--|---------------:|
| Current tax        |     | $ |            16,185 |     | $ |        179,123 |
| Deferred tax       |     |   |                 — |     |   |              — |
| Income tax expense |     | $ |            16,185 |     | $ |        179,123 |

The effective tax rate in the periods/year presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company’s subsidiaries mainly operate in Nevada, Indonesia, Singapore, Malaysia and Vietnam that are subject to taxes in the jurisdictions in which they operate, as follows:

United States

The Company is registered in the Nevada and is subject to the tax laws of United States. As of December 31, 2023 and 2022, no operating losses which can be carried forward to offset future taxable income.

Vietnam

MLTCL and VITS operating in Vietnam is subject to the Vietnam Income Tax at a standard income tax rate of 20% during its tax year.

As of December 31, 2023, MLTCL incurred $587,100 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss generated in a tax year can be carried forward for five (5) years. The net operating losses starts to expire in 2021 until 2026. The Company has provided for a full valuation allowance against the deferred tax assets of $117,420 on the expected