Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 88

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 88
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 adopt the new or revised standard at the time private companies
adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public
company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition
period difficult or impossible because of the potential differences in accounting standards used.

    9

    ●
    Use
    of estimates and assumptions

In
preparing these carve-out combined and consolidated financial statements, management makes estimates and assumptions that affect the
reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the years reported. Actual results may
differ from these estimates. If actual results significantly differ from the Company’s estimates, the Company’s financial
condition and results of operations could be materially impacted. Significant estimates in the period include the allowance for doubtful
accounts on accounts receivable, useful lives of intangible assets, impairment of long-lived assets, revenue recognition, and deferred
tax assets and the related valuation allowance.

    ●
    Basis
    of consolidation

The
carve-out and combined consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant
inter-company balances and transactions within the Company have been eliminated upon consolidation.

    ●
    Noncontrolling
    interest

The
Company accounts for non-controlling interests in accordance with ASC Topic 810, which requires the Company to present non-controlling
interests as a separate component of total shareholders’ equity on the consolidated balance sheets and the consolidated net loss
attributable to its non-controlling interest be clearly identified and presented on the face of the consolidated statements of operations
and comprehensive loss.

    ●
    Segment
    reporting

ASC
Topic 280, Segment Reporting (“Topic 280”) establishes standards for reporting information about operating segments on a
basis consistent with the Company’s internal organization structure as well as information about geographical areas, business segments
and major customers in consolidated financial statements. The Company currently operates in a single reportable operating with five difference
services: (i) Ticketing, (ii) Online advertisement, (iii) Hotel reservation, (iv) Hotel technology platform software, and (v) Ancillary.
All operating segments are aggregated into single reporting segment in profit or loss and total assets, as reviewed and determined by
Chief Operating Decision Maker, or CODM that having similar economic characteristics by quantitative and qualitative aggregation criteria.
All the operating segments by products are generated by same operating resources which are not separated