Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 128

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 128
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 and nine months period ended September
30, 2025 was due to higher profit margin arising from online advertisements.

Overall
revenue increased for the three months ended September 30, 2025 as compared to September 30, 2024, primarily due to new contracts having
been awarded for online advertisements   during such quarter. In addition, Nusatrip’s GMV to Agoda increased substantially
from USD 5 million in 2024 to USD 117 million in 2025. This growth was achieved by making our selling prices more competitive through
partnerships with several new suppliers who offer better rates.

Sales
and Marketing Expenses (“S&M”). We incurred S&M expenses of $43,865 and $37,071 for the three months ended September
30, 2025 and 2024, respectively. During the nine months ended September 30, 2025 and 2024, we incurred S&M expenses of $135,330 and
$134,926, respectively. For the three months ended September 30, 2025, the increase in sales and marketing (S&M) expenses was mainly
due to the expansion of marketing strategies targeting B2B affiliate transactions.

General
and Administrative Expenses (“G&A”). We incurred G&A expenses of $1,972,196 and $205,188 for the three months
ended September 30, 2025 and 2024, respectively. During the nine months  ended September 30, 2025 and 2024, we incurred G&A
expenses of $3,304,486 and $1,255,893, respectively. The G&A is primarily consisting of the professional costs associated with costs
related to business development, the Company’s business and management meetings and contribute to Company’s business plans.
Also, assisting Company in corporate development by introducing customers or strategic partners to Company to drive business growth etc.
The increase was mainly due to the increase of legal and professional fee of $1,640,194  and the IT related cost of $193,962, partially
offset by wages and salaries of $813,903 for employee restructuring exercise.

Other
income (expense). For the three months ended September 30, 2025, net other income increased by $213,016 or 646.38% to $245,971, as
compared to net other income of $32,955 for the three months ended September 30, 2024. For the nine months ended