Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 67

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 67
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    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.

    ●
    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 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 year/periods presented.

45

    ●
    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 foray into Indonesia. Established
in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, NusaTrip pioneered offering a comprehensive
range of airlines and hotels to Indonesian corporate and retail customers. With its first mover advantage, NusaTrip has onboarded over
1.2 million