Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 17

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 1
Chunk 17
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 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 three and six months ended June
30, 2025 and 2024 presented.

    ●
    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 consideration expected to be received based on the terms of the contract.

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

    ●
    Identify
    the contract with a customer;

    ●
    Identify
    the performance obligations in the contract;

    ●
    Determine
    the transaction price;

    ●
    Allocate
    the transaction price to performance obligations in the contract; and

    ●
    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
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