Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 45

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 45
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likely than not that these assets will not be realized in the future.

Malaysia

The
Company’s subsidiary is registered in Malaysia and is subject to the Malaysia Income Tax at a standard income tax rate of 24% during
its tax year.

As
of September 30, 2025, the operation in the Malaysia incurred $2,985 of net operating gain. The Company has provided for a full tax effect
allowance against the current and deferred tax expenses of $717.

    31

Uncertain
tax position

The
Company is subject to taxation in the U.S. and various foreign jurisdictions. U.S. federal income tax returns for 2018 and after remaining
open to examination. We and our subsidiaries are also subject to income tax in multiple foreign jurisdictions. Generally, foreign income
tax returns after 2017 remain open to examination. No income tax returns are currently under examination. As of September 30, 2025 and
December 31, 2024, the Company does not have any unrecognized tax benefits, and continues to monitor its current and prior tax positions
for any changes. The Company recognizes penalties and interest related to unrecognized tax benefits as income tax expense. For the period
ended September 30, 2025 and December 31, 2024, there were no penalties or interest recorded in income tax expense.

Income
tax liability is calculated based on a separate return basis as if SOPA had filed separate tax returns before the completion of the Reorganization.
Immediately following the Reorganization, the Company began to file separate tax returns and report the income tax based on the actual
tax return of each legal entity under its respective tax regime.

Deferred
tax assets and liabilities are recognized for future tax consequences between the carrying amounts of assets and liabilities and their
respective tax basis using enacted tax rates in effect for the tax year in which the differences are expected to reverse. Significant
deferred tax assets and liabilities of the Company as of September 30, 2025 and December 31, 2024 consist of the following:

Schedule
of Deferred Tax Assets and Liabilities

 SCHEDULE
OF DEFERRED TAX ASSETS AND LIABILITIES

    September
    30, 2025  
    December
    31,  2024 

    (unaudited)  

    Cumulative loss 
    $8,748,055  
    $8,156,178 

    Deferred tax asset