Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 180

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 180
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 value on a recurring basis as of March 31, 2025 are summarized below:

|                                                                     |     | Fair Value Measurements as of March 31, 2025 |    Quoted Prices 
        in Active 
      Markets for 
 Identical Assets 
        (Level 1) |     |   | Significant 
 Other       
 Observable  
 Inputs      
 (Level 2)   |        | Unobservable 
 Inputs       
 (Level 3)    |   | Fair Value at 
     March 31, 
          2025 |
|:--------------------------------------------------------------------|:----|:---------------------------------------------|-----------------:|:----|:--|:------------|-------:|:-------------|:--|--------------:|
| Short-term investments:                                             |     |                                              |                  |     |   |             |        |              |   |               |
| Investments in public entities with readily determinable fair value |     | $                                            |          503,784 |     | — |             |      — |              | $ |       503,784 |
| Investments in funds that report NAV per share                      |     | $                                            |                — |     | — |             | 92,512 |              | $ |        92,512 |

F-12 SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) (n) Corporate-owned Life Insurance Policies The Group’s Japanese operating entity, Kaiyo, has purchased corporate -ownedlife insurance policies to insure the life of its chief executive officer and heads of departments of the Group. Management considers these policies to be operating assets. These insurance policies are recorded at their cash surrender values, included in other non -currentassets in the consolidated balance sheets with change in cash surrender value during the period recorded in general and administrative expenses. (o)Leases At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Group assesses whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all of the economic benefits from the use of the asset and whether it has the right to