Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 178

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 178
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1)fair value changes for investments in equity securities with readily determinable fair value; (2)changes in NAV as a practical expedient to estimate fair value for investments in funds that report NAV per share. Realized gains and losses on the investments represent the difference between proceeds received upon disposition of investments and their historical or adjusted cost. As of March 31, 2025 and 2024, short -terminvestments consisted of the following:

|                                                                     |     | As of March 31, |    2025 |     |   |    2024 |
|:--------------------------------------------------------------------|:----|:----------------|--------:|:----|:--|--------:|
| Investments in public entities with readily determinable fair value |     | $               | 503,784 |     | $ | 441,596 |
| Investments in equity funds that report NAV per share               |     |                 |  92,512 |     |   | 152,939 |
| Total short-term investments                                        |     | $               | 596,296 |     | $ | 594,535 |

Realized and unrealized gain or loss were included in investment income, net, were as follows:

|                                                                 |     | For the years ended 
 March 31,           |    2025 |     |   |     2024 |   |
|:----------------------------------------------------------------|:----|:--------------------|--------:|:----|:--|---------:|:--|
| Realized gain (loss)                                            |     | $                   | 214,687 |     | $ | (238,497 | ) |
| Unrealized gain                                                 |     |                     | 106,048 |     |   |  375,983 |   |
| Total gain from changes in fair value of short-term investments |     | $                   | 320,735 |     | $ |  137,486 |   |

F-11

SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) (m)Fair value measurement Accounting guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value