Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 193

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 3
Chunk 193
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(iii) credit quality of its customers, (iv) current economic conditions, (v) reasonable and supportable forecasts of future economic
conditions, and other factors that may affect its ability to collect from customers. Expected credit losses are estimated on a pool basis
when similar risk characteristics exist using an age-based reserve model. Receivables that do not share risk characteristics are evaluated
on an individual basis. Estimates of expected credit losses on trade receivables are recorded at inception and adjusted over the contractual
life.

The
Company did not recognize any allowance for doubtful accounts and credit losses at September 30, 2025 and December 31, 2024.

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.

    ●
    Inventories

Inventories
are stated at the lower of cost or net realizable value, cost being determined on a first-in-first-out method. Costs is air ticket which
is purchased from the Company’s suppliers as trading goods. The inventories are generally held for 0 to 180 days. The Company provides
inventory allowances based on excess and obsolete inventories determined principally by expiry date. During the three and nine months
ended September 30, 2025 and 2024, the Company recorded none of allowance for obsolete inventories. The inventories amounted to $18,431
and $77,492 at September 30, 2025 and December 31, 2024, respectively.

    ●
    Prepaid Expenses

Prepaid
expenses represent payments made in advance for products or services to be received in the future and are amortized to expense on a ratable
basis over the future period to be benefitted by that expense. Since the Company has prepaid expenses categorized as both current and
non-current assets, the benefits associated with the products or services are considered current assets if they are expected to be used
during the next twelve months and are considered non-current assets if they are expected to be used over a period greater than one year.

44

    ●
    Plant and Equipment

Plant
and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated
on the straight-line basis over the following expected useful lives from the date on which they become fully