Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 61

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 1
Chunk 61
---
 
    5 years

Expenditures
for repairs and maintenance are expensed as incurred. When assets have been retired or sold, the cost and related accumulated depreciation
are removed from the accounts and any resulting gain or loss is recognized in the results of operations.

    ●
    Intangible
    Assets

Intangible
assets are definite-lived intangible assets, amortization is recorded using the straight-line method, which materially approximates the
pattern of the assets’ use. The Company continually evaluates whether events and circumstances have occurred that indicate the
remaining estimated useful life of intangible assets may warrant revision or that the remaining balance may not be recoverable. These
factors may include a significant deterioration of operating results, changes in business plans, or changes in anticipated cash flows.

Amortisation
is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational:

    Expected useful lives
  
    Licensing 
    4 years
  
    Softwares 
    8 years

When
factors indicate that a definite-lived intangible asset should be evaluated for possible impairment, the Company reviews intangible assets
to assess recoverability from future operations using undiscounted cash flows. If future undiscounted cash flows are less than the carrying
value, an impairment is recognized in earnings to the extent that the carrying value exceeds fair value.

    ●
    Impairment
    of Long-Lived Assets

In
accordance with the provisions of ASC Topic 360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such
as plant and equipment held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate
that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison
of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets
are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets
exceed the fair value of the assets. There has been no impairment charge for the year/periods presented.

50

    ●
    Revenue
    Recognition

The
Company recognizes revenue from its contracts with customers in accordance with ASC Topic 606 — Revenue from Contracts with Customers
(“ASC 606”). The Company recognizes revenues when satisfying the performance obligation of the associated contract that reflects
the