Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 93

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 93
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B and B2C
customers and commissions from travel suppliers for ticketing reservations through the Company’s transaction and service platform
under various services agreements. Spread margin and commissions from ticketing reservations rendered are recognized when tickets are
issued as this is when the Company’s performance obligation is satisfied. The Company is not entitled to a spread margin and commission
fee for the tickets canceled by the end users. Losses incurred from cancelations are immaterial due to a historical low cancelation rate
and minimal administrative costs incurred in processing cancelations. The Company occasionally purchases tickets in advance from travel
suppliers to reserve inventory for peak travel periods. These advance-purchased tickets are recorded in inventory until sold. However,
the Company does not control these tickets in a manner that would suggest principal status. Instead, the Company acts as an intermediary
or agent, facilitating the sale between the travel suppliers and end customers. Revenue from these transactions is presented on a net
basis in the income statement, as the Company does not have primary responsibility for fulfilling the ticketing service, does not have
discretion in establishing the prices charged to end customers, and does not bear significant inventory risk.

Hotel reservation services

The Company receives spread margin from B2B and B2C
customers and commissions from travel suppliers for hotel room reservations through the Company’s transaction and service platform.
Commissions from hotel reservation services rendered are recognized when the reservation becomes non-cancelable (when the cancelation
period provided by the reservation expires) which is the point at which the Company has fulfilled its performance obligation (successfully
booking a reservation, which includes certain post-booking services during the cancelation period). Contracts with certain travel suppliers
contain incentive commissions typically subject to achieving specific performance targets. The incentive commissions are considered as
variable consideration and are estimated and recognized to the extent that the Company is entitled to such incentive commissions. The
Company generally receives incentive commissions from monthly arrangements with hotels based on the number of hotel room reservations
where end users have completed their stay. The Company presents revenues from such transactions on a net basis in the statements of income
and comprehensive income as the Company, generally, does not control the service provided by the travel supplier to the traveler and does
not assume inventory risk for canceled hotel reservations.

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Hotel technology platform software services

The Company receives subscription fee from travel
suppliers for hotel room reservation and marketing system through the Company’s reservation and marketing platform.

Subscription fee from hotel technology platform software
services rendered are recognized ratably over the fixed