Company: NUTR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002312
Chunk: 186

Company: NUSATRIP Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 186
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 the travel supplier to the traveler.

Ancillary services

Ancillary revenues comprise primarily of the insurance commission and refund margin.

Insurance commission revenue received from B2B and B2C customers for the sale of travel insurance through the Company’s transaction and service platform. Commission from travel insurance is recognized when the order is confirmed and paid which is the point at which the Company fulfilled its performance obligation. Refund margin revenue received from B2B and B2C customers for the spread arise from reservations cancellation fee between customers and travel suppliers. This is recognized upon the confirmation of refund amount by both customers and travel suppliers which 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 | Three        
 months ended | September 
       30, 
      2024 |     |   | September 
       30, 
      2023 |     | Nine         
 months ended | September 
       30, 
      2024 |     |   | September 
       30, 
      2023 |
|:-----------------------------------|:----------------------------|:--------------|:--------------------|:-------------|----------:|:----|:--|----------:|:----|:-------------|----------:|:----|:--|----------:|
| Ticketing                          |                             | Point of time |                     | $            |   154,785 |     | $ |   325,885 |     | $            |   538,761 |     | $ | 1,117,474 |
| Online advertisement               |