Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 58

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 58
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 taxes  for the three months ended September 30, 2025 and 2024 was $47,839 and $ 3,330, respectively,
and for nine months ended September 30, 2025 and 2024 was $47,839 and $3,897, respectively.

The
Company has provided for a full valuation allowance against the deferred tax assets on the expected future tax benefits from the net
operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

Net
Loss. As a result of the items noted above, for the three months ended September 30, 2025, we incurred a net loss of $1,049,255 as
compared to the same period ended September 30, 2024 of $43,467, a net loss. During the nine months ended September 30, 2024 the Company
incurred a net loss of $591,877, as compared to a net loss incurred of $487,956 for the same period ended September 30, 2024. The increase
in net loss was primarily driven by a significant rise in professional fees following the Company’s IPO, totaling approximately
$1.6 million in 2025 compared to $24,244 in 2024, partially offset by higher revenue contributions from ticketing sales and
online advertising. The net loss for the nine months ended September 30, 2025 also includes non-cash depreciation and amortization expenses
of $149,616.

39

Liquidity
and Capital Resources

As
of September 30, 2025, we had cash and cash equivalents and restricted cash of $5,104,182 and $50,000, respectively, accounts receivable
of $526,984, deposits, prepayments and other receivables of $11,605,320, and inventories of $18,431.

For
the nine months ended September 30, 2025, the Company’s stockholders’ equity increased to $10,626,539, primarily due to an
increase in additional paid-in capital arising from the initial public offering (IPO) completed on August 18, 2025, partially offset
by the accumulated deficit from ongoing operations. For the nine months ended September 30, 2025, the Company reported a net loss of
$591,877 and net cash used in operating activities of $18,473,