Company: DTCK
Filing Date: 2025-12-23
Form Type: 6-K
Source: 0001683168-25-009327
Chunk: 18

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-12-23
Form: 6-K
Chunk 18
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 unit of account,
recognize and measure a contractual sale restriction. This guidance also requires certain disclosures for equity securities subject to
contractual sale restrictions. The new guidance is required to be applied prospectively with any adjustments from the adoption of the
amendments recognized in earnings and disclosed on the date of adoption. This guidance is effective for fiscal years beginning after December
15, 2023, including interim periods within those fiscal years. The Company has adopted this guidance and the application has had no material
impact on the financial position, results of operations and cash flows.

In November 2023, the FASB issued ASU 2023-07.
The amendments improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses.
In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment
measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other
disclosure requirements. The purpose of the amendments is to enable investors to better understand an entity’s overall performance
and assess potential future cash flows. The ASU applies to all public entities that are required to report segment information in accordance
with ASC 280. The Company has adopted this guidance and the application has had no material impact on the financial position, results
of operations and cash flows.

Recent Accounting Pronouncements

In December 2023, the FASB issued ASU 2023-09,
Improvements to Income Tax Disclosures (Topic 740). The ASU requires specific disaggregated information about a reporting entity’s
effective tax rate reconciliation as well as additional information on income taxes paid. The ASU is effective on a prospective basis
for annual periods beginning after December 15, 2024. Early adoption is also permitted for annual financial statements that have not yet
been issued or made available for issuance. This ASU will result in the required additional disclosures being included in the unaudited
interim condensed consolidated financial statements, once adopted. The Company is in the process of evaluating the impact of the new guidance
and does not expect it to have a significant impact on its unaudited interim condensed consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03,
“Income Statement–Reporting Comprehensive Income–Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation
of Income Statement Expenses” (“ASU 2024-03”), which requires the