Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 89

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 89
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, revenue
recognition, and deferred tax assets and the related valuation allowance.

| 46 |

● 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 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 five reportable operating segments: (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 Equivalent

Cash and cash equivalents are carried at cost and
represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original
maturity of three months or less as of the purchase date of such investments.

● Restricted cash

Restricted cash refers to cash that is held by the
Company for specific reasons and is, therefore, not available for immediate ordinary business use. The restricted cash represented fixed
deposit maintained in bank accounts that are pledged. As of September 30, 2024 andDecember 31, 2024 and2023,
the restricted cash amounted to $54,10053,900 and $95,100, respectively.

● Accounts Receivable

Accounts receivables are recorded at the amounts that
are invoiced to customers, do not bear interest, and are due within contractual payment terms, generally 30 to 90-days from completion
of service or the delivery of a product. Credit is extended based on an evaluation of