2023 Q3 Form 10-Q Financial Statement

#000149315223040840 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2022 Q4 2022 Q3
Revenue $212.3K $15.80K
YoY Change 749.2% -93.3%
Cost Of Revenue $183.8K $14.30K
YoY Change 818.75% -91.95%
Gross Profit $28.55K $1.500K
YoY Change 471.0% -97.42%
Gross Profit Margin 13.45% 9.49%
Selling, General & Admin $45.73K $42.79K $51.18K
YoY Change -10.64% -28.68% 30.83%
% of Gross Profit 149.88% 3412.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $45.73K $48.72K $44.82K
YoY Change 2.04% -18.06% 14.45%
Operating Profit -$45.73K -$20.17K -$43.32K
YoY Change 5.57% -62.96% -328.24%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $6.360K
YoY Change
Pretax Income -$45.73K -$20.18K -$43.32K
YoY Change 5.56% -62.95% -328.14%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$45.73K -$20.18K -$43.32K
YoY Change 5.56% -62.77% -328.14%
Net Earnings / Revenue -9.51% -274.2%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$468.20
COMMON SHARES
Basic Shares Outstanding 92.52M shares 92.52M shares 92.52M shares
Diluted Shares Outstanding 92.52M shares 92.52M shares

Balance Sheet

Concept 2023 Q3 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.55K $136.2K $169.7K
YoY Change -70.81% -29.17% -7.59%
Cash & Equivalents $49.55K $136.2K $169.7K
Short-Term Investments
Other Short-Term Assets $43.06K
YoY Change
Inventory
Prepaid Expenses $53.53K
Receivables $187.1K $120.0K $0.00
Other Receivables $522.00 $0.00 $0.00
Total Short-Term Assets $291.0K $256.2K $212.8K
YoY Change 36.73% 28.77% -46.3%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.720K $5.070K $5.070K
YoY Change 12.82% -3.8% -3.8%
Other Assets
YoY Change
Total Long-Term Assets $5.715K $5.065K $5.065K
YoY Change 12.83% -3.8% -3.71%
TOTAL ASSETS
Total Short-Term Assets $291.0K $256.2K $212.8K
Total Long-Term Assets $5.715K $5.065K $5.065K
Total Assets $296.7K $261.3K $217.9K
YoY Change 36.18% 27.93% -45.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $262.7K $96.00K $11.55K
YoY Change 2174.46% -92.93%
Accrued Expenses $28.44K $57.37K
YoY Change 71.82%
Deferred Revenue $111.8K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $291.8K $186.4K $123.4K
YoY Change 136.56% 458.1% -30.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $291.8K $186.4K $123.4K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $291.8K $186.4K $123.4K
YoY Change 136.56% 458.1% -30.77%
SHAREHOLDERS EQUITY
Retained Earnings -$664.1K -$594.1K -$573.9K
YoY Change 15.72% 18.83%
Common Stock $9.252K $9.252K $9.252K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.890K $74.89K $94.52K
YoY Change
Total Liabilities & Shareholders Equity $296.7K $261.3K $217.9K
YoY Change 36.18% 27.93% -45.74%

Cashflow Statement

Concept 2023 Q3 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$45.73K -$20.18K -$43.32K
YoY Change 5.56% -62.77% -328.14%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $9.460K -$34.09K -$80.74K
YoY Change -111.72% -510.23% 171.3%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 9.460K -34.09K -80.74K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 0.000
Net Change In Cash 9.460K -34.09K -80.74K
YoY Change -111.72% -495.93% 155.02%
FREE CASH FLOW
Cash From Operating Activities $9.460K -$34.09K -$80.74K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001763660
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
No
CY2022Q4 SEAV Other Receivable Prepayment And Deposits Current
OtherReceivablePrepaymentAndDepositsCurrent
usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
SEAV Increase Decrease In Deferred Cost Of Revenue
IncreaseDecreaseInDeferredCostOfRevenue
usd
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
usd
SEAV Proceeds From Refund Of Investment In Other Company
ProceedsFromRefundOfInvestmentInOtherCompany
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
usd
CY2022Q4 SEAV Other Receivable Prepayment And Deposits Current
OtherReceivablePrepaymentAndDepositsCurrent
usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
usd
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
usd
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
333-230479
dei Entity Registrant Name
EntityRegistrantName
SEATECH VENTURES CORP.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
61-1882326
dei Entity Address Address Line1
EntityAddressAddressLine1
11-05 & 11-06, Tower A
dei Entity Address Address Line2
EntityAddressAddressLine2
Avenue 3 Vertical Business Suite
dei Entity Address Address Line3
EntityAddressAddressLine3
Jalan Kerinchi, Bangsar South
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
59200
dei Entity Address City Or Town
EntityAddressCityOrTown
Kuala Lumpur
dei Entity Address Country
EntityAddressCountry
MY
dei City Area Code
CityAreaCode
603
dei Local Phone Number
LocalPhoneNumber
8408 1788
dei Security12b Title
Security12bTitle
Common Stock
dei Trading Symbol
TradingSymbol
SEAV
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
dei Entity Bankruptcy Proceedings Reporting Current
EntityBankruptcyProceedingsReportingCurrent
false
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
92519843 shares
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
187100 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
120000 usd
CY2023Q3 SEAV Other Receivable Prepayment And Deposits Current
OtherReceivablePrepaymentAndDepositsCurrent
54324 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
49552 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136193 usd
CY2023Q3 us-gaap Assets Current
AssetsCurrent
290976 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
256193 usd
CY2023Q3 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
CY2022Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5065 usd
CY2023Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
5715 usd
CY2022Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
5065 usd
CY2023Q3 us-gaap Assets
Assets
296691 usd
CY2022Q4 us-gaap Assets
Assets
261258 usd
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
262700 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
96000 usd
CY2023Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
28439 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
57372 usd
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
658 usd
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
291797 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
186372 usd
CY2023Q3 us-gaap Liabilities
Liabilities
291797 usd
CY2022Q4 us-gaap Liabilities
Liabilities
186372 usd
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
92519843 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
92519843 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
92519843 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
92519843 shares
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
9252 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
9252 usd
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
659958 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
659958 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-210 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-244 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-664106 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-594080 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4894 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
74886 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
296691 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
261258 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15800 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
248340 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
335800 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
14300 usd
us-gaap Cost Of Revenue
CostOfRevenue
187700 usd
us-gaap Cost Of Revenue
CostOfRevenue
270300 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
1500 usd
us-gaap Gross Profit
GrossProfit
60640 usd
us-gaap Gross Profit
GrossProfit
65500 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6360 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7864 usd
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
30 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
835 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
45704 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
51184 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
129831 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
147345 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-45734 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-43324 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-70026 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-73981 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-45734 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-43324 usd
us-gaap Profit Loss
ProfitLoss
-70026 usd
us-gaap Profit Loss
ProfitLoss
-73981 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
34 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1875 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
34 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-661 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-45700 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-45199 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-69992 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-74642 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.0005
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0005
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.0005
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0005
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.0008
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0008
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.0008
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0008
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92519843 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92519843 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92519843 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92519843 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92519843 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92519843 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92519843 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92519843 shares
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
74886 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
34 usd
us-gaap Net Income Loss
NetIncomeLoss
-70026 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4894 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
170820 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
170820 usd
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
1658 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-661 usd
us-gaap Net Income Loss
NetIncomeLoss
-73981 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
94520 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
94520 usd
us-gaap Net Income Loss
NetIncomeLoss
-70026 usd
us-gaap Net Income Loss
NetIncomeLoss
-73981 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
67100 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
166700 usd
SEAV Increase Decrease In Other Receivable Prepayment And Deposits
IncreaseDecreaseInOtherReceivablePrepaymentAndDeposits
54324 usd
SEAV Increase Decrease In Other Receivable Prepayment And Deposits
IncreaseDecreaseInOtherReceivablePrepaymentAndDeposits
-1650 usd
SEAV Increase Decrease In Deferred Cost Of Revenue
IncreaseDecreaseInDeferredCostOfRevenue
-43063 usd
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
33000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-28933 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-21842 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
658 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
111799 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-86025 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25437 usd
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
650 usd
SEAV Proceeds From Refund Of Investment In Other Company
ProceedsFromRefundOfInvestmentInOtherCompany
200 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-650 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
200 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2694 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-86641 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22543 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
136193 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
192286 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
49552 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
169743 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zS6w31PgpIT3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_869_zpEWNWRZPDTb">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q3 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
us-gaap Profit Loss
ProfitLoss
-70026 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-664106 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-86025 usd
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
92519843 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
92519843 shares
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
187100 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
120000 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
187100 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
120000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
49552 usd
CY2023Q3 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
CY2022Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5065 usd
SEAV Schedule Of Other Receivable Prepayment And Deposits
ScheduleOfOtherReceivablePrepaymentAndDeposits
<p id="xdx_89E_ecustom--ScheduleOfOtherReceivablePrepaymentAndDeposits_zL0cJBIJyU0d" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other receivable, prepayment and deposits consisted of the following as of September 30, 2023 and December 31, 2022:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_z4MJML7nBs5f" style="display: none">SCHEDULE OF OTHER RECEIVABLE, PREPAYMENT AND DEPOSITS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-size: 10pt; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_495_20230930_zq8joyDeV7U4" style="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>As of<br/> September 30, 2023 </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(Unaudited)</b></p></td><td style="padding-bottom: 1.5pt; font-size: 10pt"> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49C_20221231_z0HKoKJfPo6e" style="border-bottom: Black 1.5pt solid; font-size: 10pt; font-weight: bold; text-align: center">As of <br/> December 31, 2022<br/> (Audited)</td><td style="padding-bottom: 1.5pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr id="xdx_409_eus-gaap--OtherReceivablesNetCurrent_iI_maORPADz7j3_zAqw4qULsVYj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; font-size: 10pt; text-align: left">Other receivable</td><td style="width: 2%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 16%; font-size: 10pt; text-align: right">522</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 2%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 16%; font-size: 10pt; text-align: right">             <span style="-sec-ix-hidden: xdx2ixbrl0636">-</span></td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--PrepaidExpenseCurrent_iI_maORPADz7j3_zEV5SFaQlHF1" style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt">Prepayment</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">53,530</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0639">-</span></td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DepositsAssetsCurrent_iI_maORPADz7j3_zpacrY8FWt6a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; padding-bottom: 1.5pt">Deposits</td><td style="font-size: 10pt; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right">272</td><td style="padding-bottom: 1.5pt; font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0642">-</span></td><td style="padding-bottom: 1.5pt; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--OtherReceivablePrepaymentAndDepositsCurrent_iI_mtORPADz7j3_zNeLnz6NsBe" style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; padding-bottom: 1.5pt">Total other receivable, prepayment and deposits</td><td style="font-size: 10pt; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right">54,324</td><td style="padding-bottom: 1.5pt; font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-size: 10pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0645">-</span></td><td style="padding-bottom: 1.5pt; font-size: 10pt; text-align: left"> </td></tr> </table>
CY2023Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
522 usd
CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
53530 usd
CY2023Q3 us-gaap Deposits Assets Current
DepositsAssetsCurrent
272 usd
CY2023Q3 SEAV Other Receivable Prepayment And Deposits Current
OtherReceivablePrepaymentAndDepositsCurrent
54324 usd
CY2023Q3 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
262700 usd
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
96000 usd
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
262700 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
96000 usd
CY2023Q3 SEAV Accrued Audit Fees Current
AccruedAuditFeesCurrent
6680 usd
CY2022Q4 SEAV Accrued Audit Fees Current
AccruedAuditFeesCurrent
19203 usd
CY2023Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
7750 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1541 usd
CY2023Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
14009 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
36628 usd
CY2023Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
28439 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
57372 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-47394 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-40180 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-70026 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-73981 usd
CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
248340 usd
us-gaap Cost Of Revenue
CostOfRevenue
187700 usd
us-gaap Profit Loss
ProfitLoss
-70026 usd
CY2023Q3 us-gaap Assets Net
AssetsNet
296691 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
335800 usd
us-gaap Cost Of Revenue
CostOfRevenue
270300 usd
us-gaap Profit Loss
ProfitLoss
-73981 usd
CY2022Q3 us-gaap Assets Net
AssetsNet
217871 usd

Files In Submission

Name View Source Status
seav-20230930_cal.xml Edgar Link unprocessable
seav-20230930_pre.xml Edgar Link unprocessable
R47.htm Edgar Link pending
0001493152-23-040840-index-headers.html Edgar Link pending
0001493152-23-040840-index.html Edgar Link pending
0001493152-23-040840.txt Edgar Link pending
0001493152-23-040840-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
form10-q_htm.xml Edgar Link completed
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
seav-20230930.xsd Edgar Link pending
Show.js Edgar Link pending
seav-20230930_def.xml Edgar Link unprocessable
seav-20230930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable