Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 72

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 72
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 US$1.05 million in accounts receivable due to the increasing sales particularly in March 2024, an increase of approximately US$0.37 million in prepaid expenses and other current assets due to the decrease of prepaid tax expenses and prepaid brokerage fee, and a decrease of approximately US$0.30 million in accrued expenses and other current liabilities due to the increase in brokerage fee; partially offset by (3) changes in working capital that positively affected the cash flow from operating activities, primarily including an increase of approximately US$0.62 million in accounts payable due to the growth in procurement in March 2024. Investing activities Our net cash provided by investing activities for the year ended March 31, 2025 was approximately US$1.70 million primarily attributable to (1) proceeds from the disposal of property and equipment of approximately US$1.83 million, (2) proceeds from the sale of short -terminvestments of approximately US$0.33 million; partially offset by (1) purchase of intangible assets of approximately US$0.30 million, and (2) purchase of property, plant and equipment of approximately US$0.16 million. Our net cash provided by investing activities for the year ended March 31, 2024 was approximately US$1.01 million primarily attributable to (1) proceeds from the disposal of property and equipment of approximately US$2.75 million, (2) proceeds from the sale of short -terminvestments of approximately US$0.40 million, partially offset by (1) purchase of property, plant and equipment of approximately US$1.88 million and (2) purchase of short -terminvestments of approximately US$0.35 million. Financing activities Our net cash used in financing activities for the year ended March 31, 2025 was approximately US$2.02 million, primarily attributable to (1) repayments of long -termbank loans of approximately US$2.28 million, (2) repayment of loans provided by a third party of approximately US$0.52 million, and (3) repayment of loans provided by a related party of approximately US$0.33 million; partially offset by (1) proceeds from long -termbank loans of approximately US$0.98 million and (2) loans provided by a related party of approximately US$0.13 million. Our net cash used in financing activities for the year ended March 31, 2024 was approximately US$1.17 million,