Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 195

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 195
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 respectively. The net book value of a building and lands pledged as collateral for the Group’s borrowings (See Note 9) as of March31, 2025 and 2024 was US$260,355 and US$1,844,594, respectively.

F-21

SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 7.INTANGIBLE ASSETS, NET Intangible assets, net, consisted of the following:

|                                |     | As of March 31, |    2025 |   |     |   |    2024 |   |
|:-------------------------------|:----|:----------------|--------:|:--|:----|:--|--------:|:--|
| Patent                         |     | $               | 410,000 |   |     | $ |       — |   |
| Trademark license rights       |     |                 |  30,885 |   |     |   |  30,615 |   |
| Software                       |     |                 |   2,335 |   |     |   |   2,315 |   |
| Subtotal                       |     |                 | 443,220 |   |     |   |  32,930 |   |
| Less: accumulated amortization |     |                 | (39,040 | ) |     |   | (19,149 | ) |
| Intangible assets, net         |     | $               | 404,180 |   |     | $ |  13,781 |   |

Amortization expenses were US$19,398 and US$3,149 for the years ended March 31, 2025 and 2024, respectively. 8.OTHER NON-CURRENT ASSETS, NET Other non -currentassets, net consisted of the following:

|                                         |     | As of March 31, |     2025 |   |     |   |      2024 |   |
|:----------------------------------------|:----|:----------------|---------:|:--|:----|:--|----------:|:--|
| Deposits(1)                             |     | $               |  684,748 |   |     | $ |   807,061 |   |
| Receivables from insurance companies(2) |     |                 |