Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 195

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 3
Chunk 195
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, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs
    are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
    Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable
    inputs; and

    Level
    3
    Inputs
    are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in
    pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models
    and discounted cash flow models.

The
carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, accounts receivable, deposits,
prepayments and other receivables, accounts payable, accrued liabilities and other payables, contract liabilities and amounts due from/
to related parties, approximate their fair values because of the short maturity of these instruments.

59

    ●
    Recently
    Issued Accounting Pronouncements

From
time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (“FASB”) or other standard
setting bodies and adopted by the Company as of the specified effective date.

In
November 2023, the FASB issued ASU No 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU
2023-07”). ASU 2023-07 expands disclosures about a public entity’s reportable segments and requires more enhanced information
about a reportable segment’s expenses, interim segment profit or loss, and how a public entity’s chief operating decision
maker uses reported segment profit or loss information in assessing segment performance and allocating resources. ASU 2023-07 is effective
for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Management has evaluated and
concluded no material impact of this to the financial statements as disclosed in “Segment Information”.

In
December 2023, the FASB issued ASU No 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”).
ASU 2023-09 expands disclosures in the rate reconciliation and requires disclosure of income taxes paid by jurisdiction. ASU 2023-09
is effective for fiscal years beginning after December