Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 58

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 1
Chunk 58
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 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, the incremental borrowing rate used to calculate right of use assets and lease liabilities, 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.

47

    ●
    Noncontrolling
    Interest

The
Company accounts for noncontrolling interests in accordance with ASC Topic 810, which requires the Company to present noncontrolling
interests as a separate component of total shareholders’ equity on the consolidated balance sheets and the consolidated net loss
attributable to its noncontrolling 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 segments 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 in each
consolidated company or in group.

    ●
    Cash
    and Cash Equivalents

Cash
and cash equivalents represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid
investments with an original maturity of three