Company: NUTR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002312
Chunk: 155

Company: NUSATRIP Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 155
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 is the point at which the Company fulfilled its performance obligation.

Principal vs Agent Considerations

In accordance with ASC Topic 606, Revenue Recognition: Principal Agent Considerations, the Company evaluates the terms in the agreements with its customers and vendors to determine whether or not the Company acts as the principal or as an agent in the arrangement with each party respectively. The determination of whether to record the revenue on a gross or net basis depends upon whether the Company has control over the goods prior to transferring it. This evaluation determined that the Company is not in control of establishing the transaction price, not managing all aspects of the terms, even though taking the risk of campaign results and default payment. Based on the Company’s evaluation of the control model, it determined that all the Company’s major businesses act as the agent rather than the principal within their revenue arrangements and such revenues are reported on a net basis.

The Company has disaggregated its revenue from contracts with customers, by type of product and service, as follows:

|                                    | Type of product 
 and service     |               | Timing of           
 revenue recognition | Years ended |  December 
       31, 
      2023 |     |   |  December 
       31, 
      2022 |
|:-----------------------------------|:----------------|:--------------|:--------------------|:------------|----------:|:----|:--|----------:|
| Ticketing                          |                 | Point of time |                     | $           | 1,337,808 |     | $ | 1,141,627 |
| Online advertisement               |                 | Over the time |                     |             |   639,947 |     |   |         — |
| Hotel reservation                  |                 | Point of time |                     |             |   180,220 |     |   |    67,426 |
| Hotel technology platform software |                 | Over the time |                     |             |    10,493 |     |   |   135,699 |
| Ancillary                          |                 | Point of time |                     |             |   139,921 |     |   |    59,470 |
|                                    |                 |               |                     | $           | 2,307,661 |     | $ | 1,404,222 |

● Cost of Revenue

Cost of revenues consists primarily of payroll compensation of platform information technology personnel, platform hosting and platform software payments to suppliers, and related expenses incurred by the Company which are directly attributable to the Company’s hotel technology platform