Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 86

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 86
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 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.

During
the three months ended June 30, 2025 and 2024, the Company generated revenue of $991 and $2,678 respectively, in the hotel
reservation sector.

During
the six months ended June 30, 2025 and 2024, the Company generated revenue of $1,962 and $8,006 respectively, in the ticketing and hotel
reservation sector.

Hotel
technology platform software services

The