Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 99

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 99
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-average common shares,
due to the Company’s net loss position. Hence, no common stock equivalents were included in the computation of diluted net loss
per share since such inclusion would have been antidilutive.

● Leases

The Company adopted ASC Topic 842, “Leases”(“ASC 842”) to determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use
(“ROU”) assets and operating lease liabilities in the consolidated balance sheets. Finance leases are included in property
and equipment, other current liabilities, and other long-term liabilities in the consolidated balance sheets.

ROU assets represent the right to use an underlying
asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease.
Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease
term. As most of the Company’s leases do not provide an implicit rate, the Company generally use the incremental borrowing rate
based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The
operating lease ROU asset also includes any lease payments made and excludes lease incentives. The lease terms may include options to
extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments
is recognized on a straight-line basis over the lease term.

The Company adopted ASC Topic 842, “Leases”(“ASC 842”) to determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use
(“ROU”) assets and operating lease liabilities in the consolidated balance sheets. Finance leases are included in property
and equipment, other current liabilities, and other long-term liabilities in the consolidated balance sheets.

ROU assets represent the right to use an underlying
asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease.
Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease
term. As most of the Company’s leases do not provide an implicit rate, the Company generally use the incremental borrowing rate
based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The
operating lease ROU asset also includes any lease payments made and excludes lease incentives. The lease terms may include options to
extend or terminate the lease