Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 171

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 171
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 For receivables that are past due or not being
paid according to payment terms, appropriate actions are taken to pursue all means of collection, including seeking legal resolution
in a court of law. Account balances are charged off against the allowance for doubtful accounts after all means of collection have been
exhausted and the potential for recovery is considered remote. Currently, the Company performs ongoing credit evaluation of its customers
and generally does not require collateral. The Company makes estimates of expected credit losses for the allowance for doubtful accounts
based upon its assessment of various factors, including (i) historical experience, (ii) the age of the accounts receivable balances,
(iii) credit quality of its customers, (iv) current economic conditions, (v) reasonable and supportable forecasts of future economic
conditions, and other factors that may affect its ability to collect from customers. Expected credit losses are estimated on a pool basis
when similar risk characteristics exist using an age-based reserve model. Receivables that do not share risk characteristics are evaluated
on an individual basis. Estimates of expected credit losses on trade receivables are recorded at inception and adjusted over the contractual
life.

The
Company did not recognize any allowance for doubtful accounts and credit losses at September 30, 2025 and December 31, 2024.

The
Company recognizes revenue from its contracts with customers in accordance with ASC Topic 606 — Revenue from Contracts with Customers
(“ASC 606”). The Company recognizes revenues when satisfying the performance obligation of the associated contract that reflects
the consideration expected to be received based on the terms of the contract.

    ●
    Inventories

Inventories
are stated at the lower of cost or net realizable value, cost being determined on a first-in-first-out method. Costs is air ticket which
is purchased from the Company’s suppliers as trading goods. The inventories are generally held for 0 to 180 days. The Company provides
inventory allowances based on excess and obsolete inventories determined principally by expiry date. During the three and nine months
ended September 30, 2025 and 2024, the Company recorded none of allowance for obsolete inventories. The inventories amounted to $18,431
and $77,492 at September 30, 2025 and December 31, 2024, respectively.

    ●
    Prepaid Expenses

Prepaid
expenses represent payments made in advance for products or services to be received in the future and are amortized to expense on a