Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 90

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 90
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 a customer’s financial condition, the customer’s
creditworthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past
due.

Past due balances over 90 days and over a specified
amount are reviewed individually for collectability. Quarterly, the Company specifically evaluates individual customer’s financial
condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The
Company records bad debt expense and records an allowance for doubtful accounts for any estimated losses resulting from the inability
of its customers to make required payments. For receivables that are past due or not being paid according to payment terms, appropriate
actions are taken to pursue all means of collection, including seeking legal resolution in a court of law. Account balances are charged
off against the allowance for doubtful accounts after all means of collection have been exhausted and the potential for recovery is considered
remote. Currently, the Company performs ongoing credit evaluation of its customers and generally does not require collateral. The Company
makes estimates of expected credit losses for the allowance for doubtful accounts based upon its assessment of various factors, including
(i) historical experience, (ii) the age of the accounts receivable balances, (iii) credit quality of its customers, (iv) current economic
conditions, (v) reasonable and supportable forecasts of future economic conditions, and other factors that may affect its ability to collect
from customers. Expected credit losses are estimated on a pool basis when similar risk characteristics exist using an age-based reserve
model. Receivables that do not share risk characteristics are evaluated on an individual basis. Estimates of expected credit losses on
trade receivables are recorded at inception and adjusted over the contractual life.

The Company did not recognize any allowance for doubtful
accounts and credit losses at September 30December 31, 2024 and September 30, 2023.

| 47 |

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:

● Inventories

Inventories are stated at the lower of cost or net
realizable value, cost being determined on a first-in-first-out method. Costs is air ticket which is purchased from the Company’s
suppliers as trading