Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 83

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 83
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, 2023. The decrease in cost of software subscription was due to the cost control by restructuring of direct Vietnam IT team and software costs due to software cost invested did not bring in expected revenue due to demand drop for local hotel stay after reopening of country border, local traveler reduced. No cost of revenue of online advertising revenue was recorded as online advertisement is shown on our ready/ongoing website and mobile Apps that is not subject to significant direct cost but general IT maintenance cost which recorded in General and Administrative Expenses.

Gross Profit

For the nine months ended September 30, 2024, our gross profit decreased by $739,620 or 45.91% to $871,242, as compared with $1,610,862 for the nine months ended September 30, 2023. Gross profit margin belongs to Hotel Technology Platform Software Service which remained stable of 98.14% for the nine months ended September 30, 2024 as compared to 98.12% in September 30, 2023.

Sales and Marketing Expenses (“S&M”)

For the nine months ended September 30, 2024, our sales and marketing expenses decreased by $102,654 or 43.21% to $134,926, as compared with $237,580 for the nine months ended September 30, 2023. The decrease in S&M is primarily attributable to the reducing cost related to marketing and promotion expenses needed.

General and Administrative Expenses (“G&A”)

For the nine months ended September 30, 2024, our general and administrative expenses decreased by $277,613 or 18.10% to $1,255,893, as compared with $1,533,506 for the nine months ended September 30, 2023. The decrease was mainly due to the decrease in staff costs of $267,090 for employee restructuring exercise.

Other income (expenses)

For the nine months ended September 30, 2024, net other income slightly decreased by $2,250 or 5.96% to $35,518, as compared to net other income of $37,768 for the nine months ended September 30, 2023.

Loss before income taxes

For the nine months ended September 30, 2024, our loss from operations increased by $361,603 or 295.29% to $484,059, as compared to $122,456 for the nine months ended September 30, 2023. The increase