Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 19

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 19
---
OF EXPECTED USEFUL LIFE

    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.

    12

    ●
    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 and intangible assets 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 three and nine months  ended
September 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