Company: NUTR
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001641172-25-004581
Chunk: 67

Company: NUSATRIP Inc
Filing Date: 2025-04-14
Form: S-1/A
Chunk 67
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 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 December 31, 2024 and 2023. 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.

QUANTITATIVE AND QUALITATIVE DISCLOSURE 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 year ended December 31, 2024, the Company
had a single customer that constituted 22.94% of its revenue, with accounts receivable of $0 at the year-end.

For the year ended December 31, 2023, the Company
had a single customer that constituted 16.40% of its revenues, with accounts receivable of $0 at the year-end.

Concentration risk in major vendors

For the years ended December 31, 2024 and 2023,
none of the vendor accounted for 10% or more of the Company’s cost of revenue.

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Exchange rate risk

Our foreign currency exposure gives rise to
market risks associated with exchange rate movements against the Vietnam Dong, Malaysian Ringgit, Indonesian Rupiah and the United States
dollar. As of December 31, 2024 and 2023, 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