Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 38

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 1
Chunk 38
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 PREFERRED STOCKS

Preferred
Stock

On
May 22, 2023, we designated 50,000 shares of our preferred stock as Super Voting Preferred Stock. On June 21, 2024, we designated an
additional 25,000 shares of our preferred stock as Super Voting Preferred Stock.

On
September 3, 2024, we have issued 75,000 shares of the Company’s Super Voting Preferred Stock to Heather Maynard. On October 14,
2024, we have cancelled the Company’s Super Voting Preferred Stock to Heather Maynard and the 75,000 Super Voting Preferred Stocks
are held in the treasury stock.

Voting
Rights: Each share of the Company’s preferred stock entitles its holder to 1,000 votes per share and votes with the Company’s
Common Stock as a single class on all matters to be voted or consented upon by the stockholders.

Dividend
Right: The holders of the Company’s preferred 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 the outstanding shares
of the Company’s preferred stock are fully paid and non-assessable.

    31

NOTE
– 14 INCOME TAXES

For
the six months ended June 30, 2025 and 2024, the local (“Nevada”) and foreign components of profit (loss) before income taxes
were comprised of the following:

 SCHEDULE OF COMPONENTS OF PROFIT (LOSS) BEFORE INCOME TAXES

    2025  
    2024 

    Six months ended June 30, 

    2025  
    2024 
  
    Tax jurisdiction from: 

    - Local 
    $—  
    $— 
  
    - Foreign 
     —  
     567 
  
    Profit (loss) before
    income taxes 
    $—  
    $567 

Reconciliation
of statutory to effective tax rate: