Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 62

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 62
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 that constituted 36.91%  of its revenues, with accounts
receivable of $0 at the year-end.

For
the nine months ended September 30, 2024, the Company had a single customer that constituted 15.55% of its revenues, with accounts receivable
of $0 at the year-end.

Exchange
rate risk

Our
foreign currency exposure gives rise to market risks associated with exchange rate movements against the Vietnam Dong, Malaysian Ringgit,
Chinese Yuan, Hong Kong Dollar, Indonesian Rupiah and the United States dollar. As of September 30, 2025 and 2024, 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 September 30, 2025 and December 31, 2024, we had no outstanding forward exchange or foreign currency option
contracts.

We
currently do not have a foreign currency hedging policy. However, our management monitor foreign exchange exposure and will consider
hedging significant foreign exchange exposure should the need arise.

Economic
and political risk

Our
major operations are conducted in Republic of Vietnam, Malaysia, Indonesia, China and Hong Kong. Accordingly, the political, economic,
and legal environments in Republic of Vietnam, Malaysia, Indonesia, China and Hong Kong as well as these countries’ economy may
influence our business, financial condition, and results of operations.

42

Summary
of significant accounting policies 

The
accompanying unaudited condensed consolidated financial statements reflect the application of certain significant accounting policies
as described in this note and elsewhere in the accompanying condensed consolidated financial statements and notes.

    ●
    Basis of Presentation

These
accompanying carve-out combined and consolidated financial statements have been prepared in accordance with generally accepted accounting
principles in the United States of America (“US GAAP”).

    ●
    Emerging Growth Company

The
Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our
Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements
that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being