Company: DTCK
Filing Date: 2025-12-23
Form Type: 6-K
Source: 0001683168-25-009327
Chunk: 19

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-12-23
Form: 6-K
Chunk 19
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 disaggregation of certain expenses in the financial
statements notes, to provide enhanced transparency into the expense captions presented on the face of the consolidated statement of operations.
ASU 2024-03 is effective for annual reporting periods beginning January 1, 2027 and interim periods beginning January 1, 2028 and may
be applied either prospectively or retrospectively. The Company is currently evaluating the impact that ASU 2024-03 will have on its related
disclosures, and the transition method.

Other accounting standards that have been issued
or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the unaudited interim
condensed consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated
to have an impact on or are unrelated to its unaudited interim condensed consolidated financial condition, results of operations, cash
flows or disclosures.

| F-15 |

3. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net, consists of the following:

| Schedule of accounts receivable, net |     |              |       |   |     |          |        |   |
|                                      |     | December 31, |       |   |     | June 30, |        |   |
|                                      |     |         2024 |       |   |     |     2025 |        |   |
|                                      |     |      US$’000 |       |   |     |  US$’000 |        |   |
| Accounts receivable                  |     |              | 7,842 |   |     |          | 27,660 |   |
| Allowance for credit loss            |     |              |  (150 | ) |     |          |   (390 | ) |
| Accounts receivable, net             |     |              | 7,692 |   |     |          | 27,270 |   |

The movements in the allowance for credit loss
for the year ended December 31, 2024 and the six-month period ended June 30, 2025 were as follows:

| Schedule of allowance for expected credit losses |     |              |      |   |     |          |      |   |
|                                                  |     | December 31, |      |   |     | June 30, |      |   |
|                                                  |     |         2024 |      |   |     |     202