Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 233

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 233
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 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.

| F-38 |

| Table of Contents |

<div align='center'>NUSATRIP INCORPORATED
NOTES TO CARVE-OUT COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023
FOR THE YEAR ENDED DECEMBER 31, 2023
(Currency expressed in United States Dollars (“US$”))</div>

NOTE 4 —INVENTORIES

|                                           |     |   | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:------------------------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Finished goods                            |     | $ |       195,866 |     | $ |      309,379 |
| Less:                                     |     |   |               |     |   |              |
| Reserve for excess and obsolete inventory |     |   |             — |     |   |            — |
| Total Inventories                         |     | $ |       195,866 |     | $ |      309,379 |

All finished goods inventories were related to air tickets with general holding period of 0 to 180 days. The costs are recognized directly by net off against the Gross Merchandise Value to derive the revenue during the year ended December 31, 2023 and nine months ended September 30, 2024 and 2023, respectively. The inventories amounted to $195,866 and $309,379 at September 30, 2024 and December 31, 2023, respectively.

NOTE 5 — PLANT AND EQUIPMENT

|                                |     |   | September 30, 
          2024 |   |     |   | December 31, 
         2023