Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 109

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 109
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    Customer deposit 
     8,722,066  
     10,130,886 
  
    Customer refund 
     1,078,887  
     856,829 
  
    Other payables 
     72,201  
     205,345 
  
    Other accruals 
     28,256  
     28,434 
  
    Total accrued liabilities and other payables 
    $11,094,739  
    $12,758,278 

    25

NOTE
– 10 LEASES 

We
determine whether an arrangement is a lease at inception. This determination generally depends on whether the arrangement conveys the
right to control the use of an identified fixed asset explicitly or implicitly for a period of time in exchange for consideration. Control
of an underlying asset is conveyed if we obtain the rights to direct the use of and to obtain substantially all of the economic benefit
from the use of the underlying asset. Some of our leases include both lease and non-lease components which are accounted for as a single
lease component as we have elected the practical expedient. Some of our operating lease agreements include variable lease costs, primarily
taxes, insurance, common area maintenance or increases in rental costs related to inflation. Substantially all of our equipment leases
and some of our real estate leases have terms of less than one year and, as such, are accounted for as short-term leases as we have elected
the practical expedient.

The
Company has entered into commercial operating leases for office space. Operating leases are included in the right-of-use lease assets,
other current liabilities and long-term lease liabilities on the condensed consolidated balance sheet. Right-of-use assets and lease
liabilities are recognized at each lease’s commencement date based on the present values of its lease payments over its respective
lease term. When a borrowing rate is not explicitly available for a lease, our incremental borrowing rate is used based on information
available at the lease’s commencement date to determine the present value of its lease payments. Operating lease payments are recognized
on a straight-line basis over the lease term. We had no financing leases as of September 30, 2025 and December 31, 2024.

As
of September 30, 2025, the Company used a weighted average incremental borrowing rate of 4.95% to determine the present value of the
lease payments. The weighted average remaining life of the lease was 1