Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 89

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 89
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 in each consolidated company
or in group.

    ●
    Cash
    and cash equivalents

Cash
and cash equivalents represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid
investments with an original maturity of three months or less as of the purchase date of such investments. As of September 30, 2025 and
December 31, 2024, the cash and cash equivalents excluded restricted cash amounted to $5,104,182 and $6,934,107, respectively.

    ●
    Restricted
    cash

Restricted
cash refers to cash that is held by the Company for specific reasons and is, therefore, not available for immediate ordinary business
use. The restricted cash represented fixed deposit maintained in bank accounts that are pledged. As of September 30, 2025 and December
31, 2024, the restricted cash amounted to $50,000 and $53,900, respectively.

    10

    ●
    Accounts
    receivable

Accounts
receivables are recorded at the amounts that are invoiced to customers, do not bear interest, and are due within contractual payment
terms, generally 30 to 90-days from completion of service or the delivery of a product. Credit is extended based on an evaluation of
a customer’s financial condition, the customer’s creditworthiness and their payment history. Accounts receivable outstanding
longer than the contractual payment terms are considered past due.

Past
due balances over 90 days and over a specified amount are reviewed individually for collectability. Quarterly, the Company specifically
evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress
of the collection of accounts receivables. The Company records bad debt expense and records an allowance for doubtful accounts for any
estimated losses resulting from the inability of its customers to make required payments. For receivables that are past due or not being
paid according to payment terms, appropriate actions are taken to pursue all means of collection, including seeking legal resolution
in a court of law. Account balances are charged off against the allowance for doubtful accounts after all means of collection have been
exhausted and the potential for recovery is considered remote. Currently, the Company performs ongoing credit evaluation of its customers
and generally does not require collateral. The Company makes estimates of expected credit losses for the allowance for doubtful accounts
based upon its assessment of various factors, including (i) historical experience, (ii) the