Company: NUTR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002312
Chunk: 67

Company: NUSATRIP Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 67
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 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 is mainly caused by the decrease in revenue and gross profit.

Income Tax Expense

We incurred income tax of $3,897 and $501 for the nine months ended September 30, 2024 and 2023, respectively. The Company has provided for a full valuation allowance against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

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Net loss

For the nine months ended September 30, 2024, our net loss increased by approximately $364,999 or 296.85% to $487,956, as compared with net loss of $122,957 for the nine months ended September 30, 2023. The decrease in net loss is primarily attributable to the decrease in revenue and gross profit.

Liquidity and Capital Resources

As of September 30, 2024, we had cash and cash equivalents of $3,370,626 and working capital deficit of $6,164,541. For the nine months ended September 30, 2024, the