Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 103

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 103
---
 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 June 30, 2025 and December 31, 2024.

As
of June 30, 2025, the Company used a weighted average incremental borrowing rate of 6.15%
to determine the present value of the lease payments. The weighted average remaining life of the lease was 1.14
years.

As of December 31, 2024, the Company used a weighted average incremental borrowing rate of 7.16% to determine the present value of the
lease payments. The weighted average remaining life of the lease was 1.03 years.

During
the three and six months ended June 30, 2025, a new lease arrangement was entered, and accounted as per ASC Topic 842.

The
Company excluded short-term leases (those with lease terms of less than one year at inception) from the measurement of lease liabilities
or right-of-use assets. The following tables summarize the lease expense, as follows:

 SCHEDULE OF LEASE EXPENSE

    2025  
    2024 

    Six months ended June 30, 

    2025  
    2024 

    Operating lease expense (per ASC 842) 
    $69,081  
    $58,896 
  
    Short-term lease expense (other than ASC 842) 
     —  
     16,144 
  
    Total lease expense 
    $69,081  
    $75,040 

As
of June 30, 2025, right-of-use assets were $96,512 and lease liabilities were $97,801.

As
of December 31, 2024, right-of-use assets were $115,142 and lease liabilities were $116,425.

Components
of Lease Expense

We
recognize lease expense on a straight-line basis over the term