Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 87

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 87
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 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 nine months ended September 30, 2024, the Company had a single customer that constituted 15.25% of its revenue, with accounts receivable of $0 at the period-end.

For the nine months ended September 30, 2023, the Company had a single customer that constituted 23.06% of its revenues, with accounts receivable of $0 at the period-end.

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Concentration risk in major vendors

For the nine months ended September 30, 2024 and 2023, none of the vendor accounted for 10% or more of the Company’s cost of revenue.

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 September 30, 2024 and December 31, 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 September 30, 2024 and December 31, 2023, 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, Singapore, Malaysia, Indonesia and United States. Accordingly, the political, economic, and legal environments in Republic of Vietnam, Singapore, Malaysia, Indonesia and United States, as well as these countries’ economy may influence our business, financial condition, and results of operations.

Significant accounting policies

● 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