Company: NUTR
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012203
Chunk: 71

Company: NUSATRIP Inc
Filing Date: 2025-05-23
Form: S-1/A
Chunk 71
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 entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

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QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

Concentration of credit risk

Financial instruments that potentially expose
us to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. We place our cash and cash
equivalents with financial institutions with high credit ratings and quality.

We conduct credit evaluations of customers,
and generally do not require collateral or other security from our customers. We establish an allowance for doubtful accounts primarily
based upon the age of the receivables and factors surrounding the credit risk of specific customers.

Concentration risk in major customers

For the three months ended March 31, 2025, the
Company had a single customer that constituted 55.43% of its revenue, with accounts receivable of $0 at the period-end.

For the three months ended March 31, 2024, none
of the customer that constituted more than 10% of its revenues.

For the year ended December 31, 2024 and 2023,
the Company had a single customer that constituted 22.94% and 16.40% of its revenues, with accounts receivable of $0 and
$0 at the year-end, respectively.

Concentration risk in major vendors

For the three months ended March 31, 2025 and
2024, none of the vendor accounted for 10% or more of the Company’s cost of revenue.

For the years ended December 31, 2024 and
2023, none of the vendor accounted for 10% or more of the Company’s cost of revenue.

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Exchange rate risk

Our foreign currency exposure gives rise to market
risks associated with exchange rate movements against the Vietnam Dong, Malaysian Ringgit, Indonesian Rupiah and the United States dollar.
As of March 31, 2025, December 31, 2024 and 2023, we did not hold or issue any derivative for trading purposes or to hedge against
fluctuations in foreign exchange rates. We mitigated this risk by conducting sales and purchases transactions in the same currency. Doing
so helped to reduce, but has not eliminated, the impact of foreign currency exchange rate movements. As of December 31, 2024 and 2023,
we had no outstanding forward exchange or foreign currency option contracts.

We currently do not have a foreign