Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 121

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 121
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, a net loss. During the six months ended June 30, 2024 the Company generated
a net profit of $457,378, as compared to a net loss incurred of -$444,489 for the same period ended June 30, 2024. The increase in net
profit was primarily attributable to higher revenue generated from ticketing sales and online advertising. The net profit for the six
months ended June 30, 2025 includes non-cash items depreciation and amortization of $92,335.

43

Liquidity
and Capital Resources

As
of June 30, 2025, we had cash and cash equivalents and restricted cash of $6,924,437 and $50,000, respectively, accounts receivable of
$489,473, deposits, prepayments and other receivables of $8,594,017, inventories of $54,280 and deferred tax assets of $57,688.

For
the six months ended June 30, 2025, the Company’s stockholders’ equity was $3,704,232 which decreased as a result of an increase
in accumulated deficit partially offset by additional paid-in-capital. For the six months ended June 30, 2025, the Company generated
a net profit of $457,378 and net cash used in operating activities of $1,506,976. Net cash provided by financing activities was $1,600,002.

While
the Company believes that it will be able to continue to grow the Company’s revenue base and control expenditures, there is no
assurance it will be able to do so. The Company continually monitors its capital structure and operating plans and evaluates various
potential funding alternatives that may be needed in order to finance the Company’s business development activities, general and
administrative expenses and growth strategy. We expect to continue to rely on cash generated through financing from public offerings
or private offerings by our parent company or one or more of our subsidiaries, to finance our operations and future acquisitions. The
Company believes that it has sufficient liquidity to continue its current business plans and operations for at least one year.

Cash
Flows

    Six months ended  June 30, 

    2025  
    2024 
  
    Net cash used in operating activities 
    $(1,506,976) 
    $(315,802)
  
    Net cash used in investing activities 
     (4,884) 
     —