Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 190

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 3
Chunk 190
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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 required
to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced
disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements
of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously
approved.

Further,
Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting
standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do
not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting
standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements
that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of
such extended transition period which means that when a standard is issued or revised and it has different application dates for public
or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies
adopt