Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 184

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 3
Chunk 184
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 expected to be received based on the terms of the contract.

Revenue
from contracts with customers is recognized using the following five steps:

1.
Identify the contract(s) with a customer;

2.
Identify the performance obligations in the contract;

3.
Determine the transaction price;

4.
Allocate the transaction price to the performance obligations in the contract; and

5.
Recognize revenue when (or as) the entity satisfies a performance obligation.

The
Company is a leading Jakarta-based Online Travel Agency (“OTA”) in Indonesia and across SEA. The NusaTrip acquisition extended
the Company’s business reach into SEA regional travel industry and marked the Company’s first foray into Indonesia. Established
in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, NusaTrip pioneered offering a comprehensive
range of airlines and hotels to Indonesian corporate and retail customers. With its first mover advantage, NusaTrip has onboarded over
1.2 million registered users, over 500 airlines and over 200,000 hotels around the world as well as connected with over 80 million unique
visitors.

The
Company’s revenues are substantially reported on a net basis as the travel supplier is primarily responsible for providing the
underlying travel services and the Company does not control the service provided by the travel supplier to the traveler. Revenue from
air ticketing services, air ticket commission, hotel reservation, train ticket, car rental, ancillary revenue including insurance commissions
and refund margin are substantially recognized at a point of time when the performance obligations that are satisfied. These revenues
cover B2B and B2C sales channel services.

The
Company has a software subscription revenue generated from hotel in Vietnam, and online advertising revenue, reported in gross basis,
providing a hotel booking management platform for hotel management purposes, and brand advertisement purpose. these revenues are recognized
ratably over the time or upon relevant performance obligations being fulfilled.

Ticketing
services

The
Company receives spread margin from B2B and B2C customers and commissions from travel suppliers for ticketing reservations through the
Company’s transaction and service platform under various services agreements. Spread margin and commissions from ticketing reservations
rendered are recognized when tickets are issued as this is when the Company’s performance obligation is satisfied. The Company
is not entitled to a spread margin and commission fee for the tickets canceled by the end users. Losses incurred from cancelations are
immaterial due to a historical low cancelation rate and minimal administrative costs incurred in processing