Company: NUTR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002312
Chunk: 62

Company: NUSATRIP Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 62
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 the year ended December 31, 2023 and 2022, respectively. The Company has provided for a full valuation allowance against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

Net income (loss)

For the year ended December 31, 2023, our net loss decreased by approximately $1,097,831 or 107.85% to net income of $79,912, as compared to net loss of $1,017,919 for the year ended December 31, 2022. The decrease in net loss is primarily attributable to the increase in gross profit, decrease in general and administrative expenses.

Liquidity and Capital Resources

As of December 31, 2023, we had cash and cash equivalents of $575,447 and working capital deficit of $5,639,886. For the year ended December 31, 2023, the Company incurred net income of $79,912 and net cash used in operating activities of $919,564.

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 cash, 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 or private offerings of our or one or more of our subsidiaries’ securities, to finance our operations and future acquisitions. The Company believes that it has sufficient liquidity to continue its current business plans and operations for more than one year.

Cash Flows

The following table sets forth a summary of our cash flows for the years ended December 31, 2023 and 2022:

|                                                                    |     | Year              
 Ended             
 December 31, 2023 |            |   |     | Year              
 Ended             
 December 31, 2022 |           |   |
|:-------------------------------------------------------------------|:----|:------------------|-----------:|:--|:----|:------------------|----------:|:--|
| Net                                                                
 cash provided by (used in) operating activities                    |     | $                 |   (919,564 | ) |     | $                 |   885,717 |   |
| Net                                                                
 cash