Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 20

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 1
Chunk 20
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 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.

During
the three months ended June 30, 2025 and 2024, the Company generated revenue of $3,053 and $61, respectively, from this stream.

During
the six months ended June 30, 2025 and 2024, the Company generated revenue of $4,946 and $25,391, respectively, from this stream.

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.

    15

    ●
    Cost
    of revenue

Cost
of revenues consists primarily of payroll compensation of platform information technology personnel, platform hosting and platform software
payments to suppliers, and related expenses incurred by the Company which are directly attributable to the Company’s hotel technology
platform software services. No cost of revenue of online advertising revenue was recorded as online advertisement is shown on our ready/ongoing
website and mobile Apps that is not subject to significant direct cost but general IT maintenance cost which record in General and Administrative
Expenses.

    ●
    Contract
    liabilities

In
accordance with ASC Topic 606, a contract liability represents the Company’s obligation to transfer goods or services to a customer
when the customer prepays for a good or service or when the customer’s consideration is due for goods and services that the Company
will yet provide whichever happens earlier.

Contract
liabilities represent amounts collected from, or invoiced to, customers in excess of revenues recognized