XML 36 R25.htm IDEA: XBRL DOCUMENT v3.25.2
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE – 19 SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before unaudited condensed financial statements are issued, the Company has evaluated all events or transactions that occurred after June 30, 2025, up through August 29, 2025, the Company issued the unaudited condensed consolidated financial statements.

 

On July 2, 2025, the Company’s 99% owned subsidiary Nusatrip International Pte. Ltd. acquired 100% of the outstanding capital stock of Nusatrip (Hong Kong) Limited (“NTHK”) for HK$1. NTHK is a company existing under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China, and both engaged in online ticketing and reservation services.

 

On August 18, 2025, the Company completed its initial public offering of 3,750,000 shares of Common Stock at an offering price of $4.00 per share. The gross proceeds from the offering were approximately $15,000,000. After deducting underwriting commissions of approximately $1,050,000 and other offering expenses of approximately $150,000, the Company expects to receive net proceeds of approximately $13,800,000. The net proceeds will be recorded as an increase to additional paid-in capital, net of par value.