Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 170

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 170
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 no impairment of long -livedassets was recognized.

F-10

SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) (l) Short-term Investments Short -terminvestments consist of investments in equity securities with readily determinable fair values and investments in equity funds that report net asset value (“NAV”) per share: Investments in equity securities with readily determinable fair values The Group holds investments in equity securities of publicly listed companies, for which the Group does not have the ability to exercise significant influence or control. Investments in equity securities with readily determinable fair values are measured at fair value and any changes in fair value are recognized as gain or loss from the investment. Investments in equity funds that NAV per share The Group holds investments in Japanese pooled private equity funds. The fair value of investment funds is measured at their net asset values per share (or its equivalent) as a practical expedient. Investment income (loss) recognition and classification The Group has classified these investments as current assets, as it has the intent and ability to sell them within one year. The Group recognizes both realized and unrealized gains and losses in consolidated statements of operations and comprehensive income (loss), through gain (loss) from changes in fair value of the short -terminvestments. Unrealized gains and losses represent: (1)fair value changes for investments in equity securities with readily determinable fair value; (2)changes in NAV as a practical expedient to estimate fair value for investments in funds that report NAV per share. Realized gains and losses on the investments represent the difference between proceeds received upon disposition of investments and their historical or adjusted cost. As of March 31, 2025 and 2024, short -terminvestments consisted of the following:

|                                                                     |     | As of March 31, |    2025 |     |   |    2024 |
|:--------------------------------------------------------------------|:----|:----------------|--------:|:----|:--|--------:|
| Investments in public entities with readily determinable fair value |     | $               | 503,784 |     | $ | 441,596 |
| Investments in equity funds that report NAV per share               |     |                 |  92,512 |     |   | 152,939 |
| Total short-term investments                                        |     | $