Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 174

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 2
Chunk 174
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2023-07”). ASU 2023-07 expands disclosures about a public entity’s reportable segments and requires more enhanced information
about a reportable segment’s expenses, interim segment profit or loss, and how a public entity’s chief operating decision
maker uses reported segment profit or loss information in assessing segment performance and allocating resources. ASU 2023-07 is effective
for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Management has evaluated and
concluded no material impact of this to the financial statements as disclosed in “Segment Information”.

In
December 2023, the FASB issued ASU No 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”).
ASU 2023-09 expands disclosures in the rate reconciliation and requires disclosure of income taxes paid by jurisdiction. ASU 2023-09
is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted.

Except
as mentioned above, there are no new recently issued accounting standards that will have a material impact on the Company’s carve-out
combined and consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards,
if currently adopted, would have a material effect on the Company’s carve-out combined and consolidated financial statements.

60

ITEM
4 CONTROLS AND PROCEDURES

Evaluation
of Disclosure Controls and Procedures

As
required by Rule 13a-15 under the Exchange Act, our management has carried out an evaluation, with the participation and under the supervision
of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls
and procedures as of June 30, 2025. Disclosure controls and procedures refer to controls and other procedures designed to ensure that
information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our
management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required
disclosure. In designing and evaluating our disclosure controls and procedures, management recognizes that any controls and procedures,
no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management
is required to apply its judgment in evaluating