2023 Q4 Form 20-F Financial Statement

#000168316824003504 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $190.7M $190.7M $206.7M
YoY Change -7.74% -7.73% 6.42%
Cost Of Revenue $183.7M $183.7M $193.8M
YoY Change -5.23% -5.21% 6.51%
Gross Profit $7.029M $7.029M $12.88M
YoY Change -45.41% -45.51% 5.16%
Gross Profit Margin 3.69% 3.69% 6.23%
Selling, General & Admin $5.882M $3.443M $7.594M
YoY Change -22.54% -54.7% 4.5%
% of Gross Profit 83.68% 48.98% 58.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.00K $62.00K $30.00K
YoY Change 6.67% 3.33% 50.0%
% of Gross Profit 0.46% 0.88% 0.23%
Operating Expenses $5.882M $5.882M $7.594M
YoY Change -22.54% -22.61% 4.5%
Operating Profit $1.147M $1.147M $5.283M
YoY Change -78.29% -78.36% 6.13%
Interest Expense -$110.0K $110.0K -$33.00K
YoY Change 233.33% -31.25%
% of Operating Profit -9.59% 9.59% -0.62%
Other Income/Expense, Net $198.0K $88.00K $285.0K
YoY Change -30.53% -70.67% -57.53%
Pretax Income $1.235M $1.235M $5.535M
YoY Change -77.69% -77.55% -1.18%
Income Tax $149.0K $149.0K $920.0K
% Of Pretax Income 12.06% 12.06% 16.62%
Net Earnings $1.086M $1.086M $4.615M
YoY Change -76.47% -76.39% -1.81%
Net Earnings / Revenue 0.57% 0.57% 2.23%
Basic Earnings Per Share $0.20
Diluted Earnings Per Share $0.04 $0.20 $0.19
COMMON SHARES
Basic Shares Outstanding 24.50M shares 23.25M shares
Diluted Shares Outstanding 23.25M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.330M $1.330M $2.540M
YoY Change -47.64% -47.64%
Cash & Equivalents $1.330M $1.330M $2.540M
Short-Term Investments
Other Short-Term Assets $36.00K $36.00K $1.740M
YoY Change -97.93% -97.93%
Inventory $537.0K $6.529M $5.250M
Prepaid Expenses
Receivables $15.27M $15.27M $4.660M
Other Receivables $103.0K $103.0K $3.320M
Total Short-Term Assets $23.27M $23.27M $17.50M
YoY Change 32.94% 32.94%
LONG-TERM ASSETS
Property, Plant & Equipment $633.0K $706.0K $400.0K
YoY Change 58.25% 76.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $6.613M $6.613M $400.0K
YoY Change 1553.25% 1553.25%
TOTAL ASSETS
Total Short-Term Assets $23.27M $23.27M $17.50M
Total Long-Term Assets $6.613M $6.613M $400.0K
Total Assets $29.88M $29.88M $17.90M
YoY Change 66.92% 66.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.32M $14.32M $5.100M
YoY Change 180.84% 180.84%
Accrued Expenses $3.850M $711.0K $480.0K
YoY Change 702.08% 48.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $236.0K $236.0K $160.0K
YoY Change 47.5% 47.5%
Total Short-Term Liabilities $19.16M $19.16M $11.36M
YoY Change 68.64% 68.64%
LONG-TERM LIABILITIES
Long-Term Debt $424.0K $424.0K $530.0K
YoY Change -20.0% -20.0%
Other Long-Term Liabilities $38.00K $38.00K
YoY Change
Total Long-Term Liabilities $462.0K $462.0K $530.0K
YoY Change -12.83% -12.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.16M $19.16M $11.36M
Total Long-Term Liabilities $462.0K $462.0K $530.0K
Total Liabilities $19.62M $19.62M $11.89M
YoY Change 65.01% 65.01%
SHAREHOLDERS EQUITY
Retained Earnings $5.981M $4.895M
YoY Change 22.19%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.26M $10.26M $6.010M
YoY Change
Total Liabilities & Shareholders Equity $29.88M $29.88M $17.90M
YoY Change 66.92% 66.92%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $1.086M $1.086M $4.615M
YoY Change -76.47% -76.39% -1.81%
Depreciation, Depletion And Amortization $32.00K $62.00K $30.00K
YoY Change 6.67% 3.33% 50.0%
Cash From Operating Activities $1.758M $1.809M -$2.450M
YoY Change -171.76% -192.77% -391.67%
INVESTING ACTIVITIES
Capital Expenditures -$3.000K $296.0K $0.00
YoY Change 2860.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $45.00K $88.00K $3.030M
YoY Change -98.51% 46.67% 7475.0%
Cash From Investing Activities $48.00K -$208.0K $3.020M
YoY Change -98.41% -620.0% 9966.67%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.985M -$2.811M -3.120M
YoY Change -4.33% 6.48% 73.33%
NET CHANGE
Cash From Operating Activities 1.758M $1.809M -2.450M
Cash From Investing Activities 48.00K -$208.0K 3.020M
Cash From Financing Activities -2.985M -$2.811M -3.120M
Net Change In Cash -1.179M -$1.210M -2.550M
YoY Change -53.76% -73.41% 174.19%
FREE CASH FLOW
Cash From Operating Activities $1.758M $1.809M -$2.450M
Capital Expenditures -$3.000K $296.0K $0.00
Free Cash Flow $1.761M $1.513M -$2.450M
YoY Change -171.88% -177.19% -395.18%

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InterestExpenseDebt
46000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
33000 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
103000 usd
CY2021 DTCK Interest Expense On Finance Lease
InterestExpenseOnFinanceLease
0 usd
CY2022 DTCK Interest Expense On Finance Lease
InterestExpenseOnFinanceLease
0 usd
CY2023 DTCK Interest Expense On Finance Lease
InterestExpenseOnFinanceLease
2000 usd
CY2021 DTCK Interest Expense On Lease Liability
InterestExpenseOnLeaseLiability
2000 usd
CY2023 DTCK Interest Expense On Lease Liability
InterestExpenseOnLeaseLiability
5000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
53000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
56000 usd
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
88000 usd
CY2021 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
4360000 usd
CY2022 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
4868000 usd
CY2023 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
1688000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-241000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2082000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1624000 usd
CY2021 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
599000 usd
CY2022 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
-559000 usd
CY2023 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
-571000 usd
CY2021 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
11140000 usd
CY2022 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-4146000 usd
CY2023 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
10808000 usd
CY2021 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-0 usd
CY2022 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
1129000 usd
CY2023 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-1129000 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
10433000 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-8727000 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
8253000 usd
CY2021 DTCK Decrease In Amount Due From Directors
DecreaseInAmountDueFromDirectors
-990000 usd
CY2022 DTCK Decrease In Amount Due From Directors
DecreaseInAmountDueFromDirectors
0 usd
CY2023 DTCK Decrease In Amount Due From Directors
DecreaseInAmountDueFromDirectors
0 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3000 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
910000 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
419000 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-645000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3215000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1946000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1809000 usd
CY2021 DTCK Proceeds From Interest
ProceedsFromInterest
53000 usd
CY2022 DTCK Proceeds From Interest
ProceedsFromInterest
56000 usd
CY2023 DTCK Proceeds From Interest
ProceedsFromInterest
88000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
296000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
42000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
42000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-208000 usd
CY2021 DTCK Amount Due To Related Parties
AmountDueToRelatedParties
157000 usd
CY2022 DTCK Amount Due To Related Parties
AmountDueToRelatedParties
-0 usd
CY2023 DTCK Amount Due To Related Parties
AmountDueToRelatedParties
-0 usd
CY2021 DTCK Loan To Related Party
LoanToRelatedParty
-0 usd
CY2022 DTCK Loan To Related Party
LoanToRelatedParty
-0 usd
CY2023 DTCK Loan To Related Party
LoanToRelatedParty
5907000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
-0 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
3001000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
-0 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
3151000 usd
CY2021 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
256000 usd
CY2022 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
575000 usd
CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
0 usd
CY2021 DTCK Proceeds From Finance Lease
ProceedsFromFinanceLease
0 usd
CY2022 DTCK Proceeds From Finance Lease
ProceedsFromFinanceLease
0 usd
CY2023 DTCK Proceeds From Finance Lease
ProceedsFromFinanceLease
144000 usd
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
2039000 usd
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
146000 usd
CY2023 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
155000 usd
CY2021 DTCK Payments On Interest
PaymentsOnInterest
46000 usd
CY2022 DTCK Payments On Interest
PaymentsOnInterest
33000 usd
CY2023 DTCK Payments On Interest
PaymentsOnInterest
28000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
-0 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
-0 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
14000 usd
CY2021 DTCK Operating Lease Principal Payments
OperatingLeasePrincipalPayments
38000 usd
CY2022 DTCK Operating Lease Principal Payments
OperatingLeasePrincipalPayments
38000 usd
CY2023 DTCK Operating Lease Principal Payments
OperatingLeasePrincipalPayments
-0 usd
CY2021 DTCK Payment Of Interest On Finance Leases
PaymentOfInterestOnFinanceLeases
-0 usd
CY2022 DTCK Payment Of Interest On Finance Leases
PaymentOfInterestOnFinanceLeases
-0 usd
CY2023 DTCK Payment Of Interest On Finance Leases
PaymentOfInterestOnFinanceLeases
2000 usd
CY2021 DTCK Payment Of Interests On Lease Liabilities
PaymentOfInterestsOnLeaseLiabilities
2000 usd
CY2022 DTCK Payment Of Interests On Lease Liabilities
PaymentOfInterestsOnLeaseLiabilities
0 usd
CY2023 DTCK Payment Of Interests On Lease Liabilities
PaymentOfInterestsOnLeaseLiabilities
0 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2026000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2643000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2811000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1231000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4547000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1210000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5856000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7087000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2540000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7087000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2540000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1330000 usd
CY2021 DTCK Cash Refunded Paid For Taxes
CashRefundedPaidForTaxes
9000 usd
CY2022 DTCK Cash Refunded Paid For Taxes
CashRefundedPaidForTaxes
-499000 usd
CY2023 DTCK Cash Refunded Paid For Taxes
CashRefundedPaidForTaxes
-791000 usd
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 usd
CY2022 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 usd
CY2023 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
150000 usd
CY2021 DTCK Dividend That Was Offset Against Loan Assumed By Shareholderdirector
DividendThatWasOffsetAgainstLoanAssumedByShareholderdirector
-2051000 usd
CY2022 DTCK Dividend That Was Offset Against Loan Assumed By Shareholderdirector
DividendThatWasOffsetAgainstLoanAssumedByShareholderdirector
-671000 usd
CY2023 DTCK Dividend That Was Offset Against Loan Assumed By Shareholderdirector
DividendThatWasOffsetAgainstLoanAssumedByShareholderdirector
0 usd
CY2022Q3 DTCK Initial Share Capital
InitialShareCapital
3524 shares
CY2023 DTCK Schedule Of Detail Of Subsidaries
ScheduleOfDetailOfSubsidaries
<table cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfDetailOfSubsidaries_zjfaokGBjlAe" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - ORGANIZATION AND PRINCIPAL ACTIVITIES (Details)"> <tr style="vertical-align: top"> <td><span id="xdx_8B8_zZJDU0qL8srb" style="display: none">Schedule of details of the subsidiaries</span></td> <td style="white-space: nowrap; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="text-align: left; vertical-align: top"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="9" style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt"><b>Percentage of effective ownership</b></span></td></tr> <tr style="vertical-align: top"> <td colspan="9" style="border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt"><b>December 31,</b></span></td></tr> <tr> <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><span style="font-size: 10pt"><b>Name</b></span></td> <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; text-align: center"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><span style="font-size: 10pt"><b>Date of <br/> Incorporation</b></span></td> <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; vertical-align: bottom"><b> </b> <b>2022</b></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><b>2023</b></td> <td style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap; vertical-align: bottom"><b>Place of</b> <b><br/> incorporation</b></td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"><span style="font-size: 10pt"><b>Principal <br/> Activities</b></span></td></tr> <tr style="vertical-align: top; background-color: rgb(238,238,238)"> <td style="width: 20%"><span style="font-size: 10pt">Maxwill Pte. Ltd.</span></td> <td style="white-space: nowrap; width: 1%; text-align: center"> </td> <td style="vertical-align: top; width: 13%; text-align: center"><span style="font-size: 10pt"><span id="xdx_90A_ecustom--DateOfIncorporations_dd_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillPteLtdMember_zbSy8w9gpmNl" title="Date of incorporation">November 1, 2004</span></span></td> <td style="vertical-align: top; white-space: nowrap; width: 1%; text-align: center"> </td> <td style="vertical-align: top; width: 7%; text-align: center"><span id="xdx_90B_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20220101__20221231__srt--TitleOfIndividualAxis__custom--MaxwillPteLtdMember_zlKOXSgZKkM4" title="Percentage of effective ownership">100</span>%</td> <td style="vertical-align: top; width: 1%; text-align: center"> </td> <td style="vertical-align: top; width: 7%; text-align: center"><span id="xdx_903_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillPteLtdMember_z6NY1bIkGjU1" title="Percentage of effective ownership">100</span>%</td> <td style="vertical-align: top; white-space: nowrap; width: 13%; text-align: center"><span style="font-size: 10pt"><span id="xdx_906_ecustom--PlaceOfIncorporation_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillPteLtdMember_zMHfibb3SvD4" title="Place of incorporation">Singapore</span></span></td> <td style="text-align: left; width: 37%; vertical-align: top"><span style="font-size: 10pt"><span id="xdx_90A_ecustom--PrincipalActivities_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillPteLtdMember_zrVfV4sL80Jf" title="Principal activities">Holding company.</span> </span></td></tr> <tr style="vertical-align: top; background-color: White"> <td> </td> <td style="white-space: nowrap; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="text-align: left; vertical-align: top"> </td></tr> <tr style="vertical-align: top; background-color: rgb(238,238,238)"> <td>Maxwill (Asia) Pte. Ltd.</td> <td style="white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"><span id="xdx_902_ecustom--DateOfIncorporations_dd_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillAsiaPteLtdMember_z0lf0XMjRyu1" title="Date of incorporation">September 11, 1999</span></td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: top; text-align: center"><span id="xdx_90A_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20220101__20221231__srt--TitleOfIndividualAxis__custom--MaxwillAsiaPteLtdMember_ze2TziGn7Jm1" title="Percentage of effective ownership">100</span>%</td> <td style="text-align: center; vertical-align: top"> </td> <td style="vertical-align: top; text-align: center"><span id="xdx_90B_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillAsiaPteLtdMember_zhjlwxDVvZqc" title="Percentage of effective ownership">100</span>%</td> <td style="text-align: center; white-space: nowrap; vertical-align: top"><span id="xdx_909_ecustom--PlaceOfIncorporation_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillAsiaPteLtdMember_z1eJi5V8RwR7" title="Place of incorporation">Singapore</span></td> <td style="text-align: left; vertical-align: top"><span id="xdx_900_ecustom--PrincipalActivities_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillAsiaPteLtdMember_zNHOuYzI9LW5" title="Principal activities">Trading of three main categories of agricultural commodities: sugar, rice and oil and fat products, and providing warehouse storage and logistic services.</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td> </td> <td style="white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"> </td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="text-align: center; vertical-align: top"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="text-align: center; white-space: nowrap; vertical-align: top"> </td> <td style="text-align: left; vertical-align: top"> </td></tr> <tr style="vertical-align: top; background-color: rgb(238,238,238)"> <td>LP Grace Pte. Ltd.</td> <td style="white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"><span id="xdx_90D_ecustom--DateOfIncorporations_dd_c20230101__20231231__srt--TitleOfIndividualAxis__custom--LpGracePteLtdMember_zWpE0Ns4Hlt9" title="Date of incorporation">January 11, 2008</span></td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: top; text-align: center"><span id="xdx_908_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20220101__20221231__srt--TitleOfIndividualAxis__custom--LpGracePteLtdMember_zjGYeD4EPrda" title="Percentage of effective ownership">100</span>%</td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; text-align: center"><span id="xdx_90A_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20230101__20231231__srt--TitleOfIndividualAxis__custom--LpGracePteLtdMember_zNdYof3VFcN1" title="Percentage of effective ownership">100</span>%</td> <td style="text-align: center; white-space: nowrap; vertical-align: top"><span id="xdx_900_ecustom--PlaceOfIncorporation_c20230101__20231231__srt--TitleOfIndividualAxis__custom--LpGracePteLtdMember_zvyv4KemsXhi" title="Place of incorporation">Singapore</span></td> <td style="text-align: left; vertical-align: top"><span id="xdx_907_ecustom--PrincipalActivities_c20230101__20231231__srt--TitleOfIndividualAxis__custom--LpGracePteLtdMember_zZUt3DobDy0h" title="Principal activities">Trading of three main categories of agricultural commodities: sugar, rice and oil and fat products, and providing warehouse storage and logistic services.</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td> </td> <td style="white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"> </td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="text-align: center; white-space: nowrap; vertical-align: top"> </td> <td style="text-align: left; vertical-align: top"> </td></tr> <tr style="vertical-align: top; background-color: rgb(238,238,238)"> <td>Maxwill Foodlink Pte. Ltd. </td> <td style="white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"><span id="xdx_909_ecustom--DateOfIncorporations_dd_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillFoodlinkPteLtdMember_z87kGOR79A3i" title="Date of incorporation">January 15, 2004 </span></td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"><span id="xdx_90A_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20220101__20221231__srt--TitleOfIndividualAxis__custom--MaxwillFoodlinkPteLtdMember_zFwtenNTMpfc" title="Percentage of effective ownership">100</span>% </td> <td style="vertical-align: top; text-align: center"> </td> <td style="text-align: center; vertical-align: top"><span id="xdx_908_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillFoodlinkPteLtdMember_zoCr8etuprVc" title="Percentage of effective ownership">100</span>% </td> <td style="text-align: center; white-space: nowrap; vertical-align: top"><span id="xdx_908_ecustom--PlaceOfIncorporation_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillFoodlinkPteLtdMember_zzDjSquTyasg" title="Place of incorporation">Singapore</span></td> <td style="text-align: left; vertical-align: top"><span id="xdx_908_ecustom--PrincipalActivities_c20230101__20231231__srt--TitleOfIndividualAxis__custom--MaxwillFoodlinkPteLtdMember_zguUkRrq3ce8" title="Principal activities">Trading of three main categories of agricultural commodities: sugar, rice and oil and fat products and providing warehouse storage and logistic services. Trading of three main categories of agricultural commodities: sugar, rice and oil and fat products and providing warehouse storage and logistic services.</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td> </td> <td style="white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"> </td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"> </td> <td style="vertical-align: top; text-align: center"> </td> <td style="text-align: center; vertical-align: top"> </td> <td style="text-align: center; white-space: nowrap; vertical-align: top"> </td> <td style="text-align: left; vertical-align: top"> </td></tr> <tr style="vertical-align: top; background-color: rgb(238,238,238)"> <td> Davis Commodities Pte. Ltd.</td> <td style="white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"> <span id="xdx_901_ecustom--DateOfIncorporations_dd_c20230101__20231231__srt--TitleOfIndividualAxis__custom--DavisCommoditiesPteLtdMember_z8rQQ3TO6Z8k" title="Date of incorporation">September 15, 2023</span></td> <td style="vertical-align: top; white-space: nowrap; text-align: center"> </td> <td style="text-align: center; vertical-align: top"><span id="xdx_903_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20220101__20221231__srt--TitleOfIndividualAxis__custom--DavisCommoditiesPteLtdMember_zdew7032eDCd" title="Percentage of effective ownership">100</span>% </td> <td style="vertical-align: top; text-align: center"> </td> <td style="text-align: center; vertical-align: top"><span id="xdx_90F_eus-gaap--VariableInterestEntityOwnershipPercentage_pip0_dp_c20230101__20231231__srt--TitleOfIndividualAxis__custom--DavisCommoditiesPteLtdMember_zYELeU9MdsEe" title="Percentage of effective ownership">100</span>% </td> <td style="text-align: center; white-space: nowrap; vertical-align: top"><span id="xdx_905_ecustom--PlaceOfIncorporation_c20230101__20231231__srt--TitleOfIndividualAxis__custom--DavisCommoditiesPteLtdMember_zcbVDYcYXRNc" title="Place of incorporation">Singapore</span></td> <td style="text-align: left; vertical-align: top"><span id="xdx_901_ecustom--PrincipalActivities_c20230101__20231231__srt--TitleOfIndividualAxis__custom--DavisCommoditiesPteLtdMember_zkOprIb5AY3d" title="Principal activities">Trading of three main categories of agricultural commodities: sugar, rice and oil and fat products and providing warehouse storage and logistic services. Trading of three main categories of agricultural commodities: sugar, rice and oil and fat products and providing warehouse storage and logistic services.</span></td></tr> </table>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zycTnNouiz8i" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"><i>(c)    <span id="xdx_867_zjWMntck5IL3">Use of estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to allowance for uncollectible accounts receivable, inventory valuation, useful lives and impairment for property and plant and equipment. Actual results could vary from the estimates and assumptions that were used.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2022Q4 us-gaap Debt Instrument Carrying Amount
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685000 usd
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39000 usd
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75000 usd
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1096000 usd

Files In Submission

Name View Source Status
0001683168-24-003504-index-headers.html Edgar Link pending
0001683168-24-003504-index.html Edgar Link pending
0001683168-24-003504.txt Edgar Link pending
0001683168-24-003504-xbrl.zip Edgar Link pending
davis_ex0202.htm Edgar Link pending
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dtck-20231231.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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dtck-20231231_def.xml Edgar Link unprocessable
dtck-20231231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
davis_i20f-123123_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
dtck-20231231_cal.xml Edgar Link unprocessable
dtck-20231231_lab.xml Edgar Link unprocessable