Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 177

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 177
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 intangible assets did not change during the years ended March 31, 2025 and 2024. (k)Impairment of long-lived assets The Group reviews its long -livedassets (primarily including property, plant and equipment and intangible assets) for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. When these events occur, the Group measures impairment by comparing the carrying value of the long -livedassets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Group would recognize an impairment loss, which is the excess of carrying amount over the fair value of the assets, which is determined through various valuation techniques including discounted cash flow models, quoted market values and third -partyindependent appraisals, as considered necessary. For the years ended March 31, 2025 and 2024, no impairment of long -livedassets was recognized.

F-10

SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) (l) Short-term Investments Short -terminvestments consist of investments in equity securities with readily determinable fair values and investments in equity funds that report net asset value (“NAV”) per share: Investments in equity securities with readily determinable fair values The Group holds investments in equity securities of publicly listed companies, for which the Group does not have the ability to exercise significant influence or control. Investments in equity securities with readily determinable fair values are measured at fair value and any changes in fair value are recognized as gain or loss from the investment. Investments in equity funds that NAV per share The Group holds investments in Japanese pooled private equity funds. The fair value of investment funds is measured at their net asset values per share (or its equivalent) as a practical expedient. Investment income (loss) recognition and classification The Group has classified these investments as current assets, as it has the intent and ability to sell them within one year. The Group recognizes both realized and unrealized gains and losses in consolidated statements of operations and comprehensive income (loss), through gain (loss) from changes in fair value of the short -terminvestments. Unrealized gains and losses represent: (