Company: NUTR
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012203
Chunk: 169

Company: NUSATRIP Inc
Filing Date: 2025-05-23
Form: S-1/A
Chunk 169
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 Company’s carve-out combined and consolidated financial statements.

| F-18 |

<div align='center'>NUSATRIP INCORPORATED
NOTES TO CARVE-OUT COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2023
(Currency expressed in United States Dollars (“US$”))</div>

NOTE 4 — REVENUE

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 | Year ended | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-----------------------------------|:----------------------------|:--------------|:------------------------------|:-----------|-------------:|:----|:--|-------------:|
| Ticketing                          |                             | Point of time |                               | $          |      860,939 |     | $ |    1,337,080 |
| Online advertisement               |                             | Over the time |                               |            |      290,675 |     |   |      639,947 |
| Hotel reservation                  |                             | Point of time |                               |            |       16,906 |     |   |      180,220 |
| Hotel technology platform software |                             | Over the time |                               |            |        6,837 |     |   |       10,493 |
| Ancillary                          |                             | Point of time |                               |            |        6,389 |     |   |      139,921 |
|                                    |                             |               |                               | $          |    1,181,746 |     | $ |    2,307,661 |

Contract liabilities recognized were related to online ticketing and reservation and the following is reconciliation for the years presented:

Schedule of Contract liabilities:

|                                       |     |   | December 31, 
         2024 |   |     |   | December 31, 
         2023 |   |
|:--------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Contract liabilities, brought forward |     | $ |    1,220,549 |   |     | $ |    1,635,749 |   |
| Add: recognized as deferred revenue   |