Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 35

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 1
Chunk 35
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taxes, insurance, common area maintenance or increases in rental costs related to inflation. Substantially all of our equipment leases
and some of our real estate leases have terms of less than one year and, as such, are accounted for as short-term leases as we have elected
the practical expedient.

The
Company has entered into commercial operating 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,