Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 63

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 63
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 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 the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public
company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition
period difficult or impossible because of the potential differences in accounting standards used.

    ●
    Use of Estimates and Assumptions

In
preparing these carve-out combined and consolidated financial statements, management makes estimates and assumptions that affect the
reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the years reported. Actual results may
differ from these estimates. If actual results significantly differ from the Company’s estimates, the Company’s financial
condition and results of operations could be materially impacted. Significant estimates in the period include the allowance for doubtful
accounts on accounts receivable, the incremental borrowing rate used to calculate right of use assets and lease liabilities, useful lives
of intangible assets, impairment of long-lived assets, revenue recognition, and deferred tax assets and the related valuation allowance.

    ●
    Basis of Consolidation

The
carve-out and combined consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant
inter-company balances and transactions within the Company have been eliminated upon consolidation