Company: NUTR
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001641172-25-009604
Chunk: 67

Company: NUSATRIP Inc
Filing Date: 2025-05-12
Form: S-1/A
Chunk 67
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 31, 2024. On the other hand, revenue generated from the online advertisement accounted for 0% due to no new contract awarded and 54.60% of our total revenue for the three months ended March 31, 2025 and 2024, respectively.

Overall revenue decreases for the three months ended March 31, 2025 as compared to March 31, 2024 due to no contract awarded for online advertisement and along with a drop in all other service lines as the company shifts its focus into ticketing sales.

Cost of Revenue

For the three months ended March 31, 2025, our cost of revenue in respect of software subscription decreased by $8,053 or 100% to $0, as compared with $8,053 for the three months ended March 31, 2024. The decrease in cost of software subscription is in line with revenue. No cost of revenue of online advertising revenue was recorded as online advertisement is shown on our ready/ongoing website and mobile Apps that is not subject to significant direct cost but general IT maintenance cost which recorded in General and Administrative Expenses.

Gross Profit

For the three months ended March 31, 2025, gross profit decreased by $249,555 or 46.85% to $283,157, as compared with $532,712 for the three months ended March 31, 2024.

Sales and Marketing Expenses (“S&M”)

For the three months ended March 31, 2025, sales and marketing expenses decreased by $15,539 or 29.52% to $37,102, as compared with $52,641 for the three months ended March 31, 2024. The decrease in S&M is primarily attributable to the reducing cost related to marketing and promotion expenses needed.

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General and Administrative Expenses (“G&A”)

For the three months ended March 31, 2025, general and administrative expenses increased by $289,363 or 56.41% to $802,313, as compared with $512,950 for the three months ended March 31, 2024. The increase was mainly due to the increase of legal and professional fee of $275,064 and the IT related cost of $63,670, partially offset by decrease of wages and salaries of $95,763 for employee restructuring exercise.

Other income (expenses)

For the three months ended March 31, 2025, net other income decreased by $9