Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 61

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 61
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 We have limited credit available from our major vendors and are obligated to settle the purchase
invoices and repay the contractual bank loans in a punctual manner, which further constrains our cash liquidity.

We
believe that we have sufficient working capital for our requirements for at least the next 12 months from the date of this prospectus,
absent unforeseen circumstances, taking into account the financial resources presently available to us, including cash and cash equivalents
on hand, cash flows from our operations and the estimated net proceeds from this offering.

Off-balance
Sheet Financing Arrangements

We
have no obligations, assets or liabilities which would be considered off-balance sheet arrangements as of September 30, 2025, and December
31, 2024. We do not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often
referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements.
We have not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt
or commitments of other entities, or purchased any non-financial assets.

41

Item
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES 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 September 30, 2025, the Company had 2 major customers that constituted 51.94% and 26.02% of its revenue, with
accounts receivable of $450,000  at the period-end, respectively.

For
the nine months ended September 30, 2025, the Company had 4 major customers that constituted 40.23%, 14.67%, 12.23% and 9.78% of its
revenue, with accounts receivable of $450,000  at the period-end, respectively.

For
the three months ended September 30, 2024, the Company had a single customer