Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 71

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 71
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 are not available, we will measure fair value using valuation techniques that use, when possible, current market -basedor independently sourced market parameters, such as interest rates and currency rates. Our financial assets and liabilities primarily consist of cash and cash equivalents, accounts receivable, short -terminvestments, other receivables included in prepayments and other current assets, long -termborrowings, accounts payable and other payables included in accrued expenses and other current liabilities. As of March 31, 2025 and 2024, the carrying values of current assets and current liabilities approximated their fair values reported in the consolidated balance sheets due to the short -termmaturities of these instruments. Our non -financialassets, such as property and equipment, intangible assets and operating lease right -of -useassets, would be measured at fair value only if they were determined to be impaired. Assets measured at fair 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 |

Critical Accounting Policies Accounts receivable, net Accounts receivable, net are stated at the original amount less allowances for expected credit losses. Accounts receivable are recognized in the period when the Group has delivered the products and services to its customers and when its right to consideration is unconditional. Accounts receivable that are ultimately deemed to be uncollectible, and for which collection efforts