$SEAV
SEATech Ventures Corp.

2024 Q2 Form 10-K Financial Statement

#000149315224018557 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $80.00K $328.3K
YoY Change -62.32% -40.09%
Cost Of Revenue $64.00K $251.7K
YoY Change -65.17% -44.57%
Gross Profit $16.00K $76.64K
YoY Change -43.96% -18.5%
Gross Profit Margin 20.0% 23.34%
Selling, General & Admin $32.29K $248.8K $379.5K
YoY Change -29.09% 481.44% 99.58%
% of Gross Profit 1555.0% 495.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $32.29K $248.8K $379.5K
YoY Change -29.09% 410.67% 99.58%
Operating Profit -$32.29K -$232.8K -$302.8K
YoY Change 91.15% 1054.19% 215.14%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$32.29K -$232.8K -$302.8K
YoY Change 91.18% 1053.62% 221.62%
Income Tax
% Of Pretax Income
Net Earnings -$32.29K -$232.8K -$302.8K
YoY Change 91.18% 1053.62% 221.62%
Net Earnings / Revenue -291.0% -92.23%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 114.4M shares 97.30M shares
Diluted Shares Outstanding 114.4M shares 97.30M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.10K $29.39K $29.67K
YoY Change -59.81% -78.42% -78.21%
Cash & Equivalents $15.82K $29.39K $29.39K
Short-Term Investments $270.00 $270.00
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $69.50K $149.5K $149.5K
Other Receivables $518.00 $744.00 $740.00
Total Short-Term Assets $86.11K $179.9K $179.9K
YoY Change -76.52% -29.78% -29.77%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.070K $5.720K $5.720K
YoY Change -11.36% 12.82% 12.82%
Other Assets
YoY Change
Total Long-Term Assets $5.065K $5.715K $5.710K
YoY Change -11.37% 12.83% 12.62%
TOTAL ASSETS
Total Short-Term Assets $86.11K $179.9K $179.9K
Total Long-Term Assets $5.065K $5.715K $5.710K
Total Assets $91.18K $185.6K $185.6K
YoY Change -75.52% -28.95% -28.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $324.2K $324.2K $324.2K
YoY Change 14.28% 237.71% 237.71%
Accrued Expenses $28.20K $69.41K $69.41K
YoY Change -25.75% 20.99% 20.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $394.9K $413.6K $413.6K
YoY Change 22.68% 121.93% 121.93%
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 $394.9K $413.6K $413.6K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $394.9K $413.6K $413.6K
YoY Change 22.68% 121.93% 121.93%
SHAREHOLDERS EQUITY
Retained Earnings -$972.8K -$896.9K
YoY Change 57.31% 50.97%
Common Stock $11.44K $11.44K
YoY Change 23.59% 23.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$303.7K -$228.0K -$228.0K
YoY Change
Total Liabilities & Shareholders Equity $91.18K $185.6K $185.6K
YoY Change -75.52% -28.95% -28.95%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$32.29K -$232.8K -$302.8K
YoY Change 91.18% 1053.62% 221.62%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$22.35K -$38.63K -$124.7K
YoY Change -13.14% 13.32% 109.41%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$650.00
YoY Change -425.0%
Cash From Investing Activities $0.00 $0.00 -$650.00
YoY Change -425.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.50K 20.00K $20.00K
YoY Change
NET CHANGE
Cash From Operating Activities -22.35K -38.63K -$124.7K
Cash From Investing Activities 0.000 0.000 -$650.00
Cash From Financing Activities 12.50K 20.00K $20.00K
Net Change In Cash -9.850K -18.63K -$106.8K
YoY Change -61.72% -45.35% 90.4%
FREE CASH FLOW
Cash From Operating Activities -$22.35K -$38.63K -$124.7K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zXsPb18YN3g6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_868_zB28IIQ8iFBg">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
CY2022Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5065 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
264500 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
120000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
115000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-302829 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-896909 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-124661 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
149500 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
120000 usd
CY2022Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5065 usd
CY2023 us-gaap Revenues
Revenues
328340 usd
CY2022 us-gaap Revenues
Revenues
527089 usd
CY2023 us-gaap Revenues
Revenues
328340 usd
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
114351503 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
114351503 shares
CY2023Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
324200 usd
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
96000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
324200 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
96000 usd
CY2022 us-gaap Revenues
Revenues
527089 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
29338 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
115000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
115000 usd
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
273 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
744 usd
CY2023Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
1017 usd
CY2023Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
CY2022Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5065 usd
CY2023Q4 SEAV Accrued Audit Fees Current
AccruedAuditFeesCurrent
34070 usd
CY2022Q4 SEAV Accrued Audit Fees Current
AccruedAuditFeesCurrent
19203 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
16167 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1541 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
19173 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
36628 usd
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
69410 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
57372 usd
CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-150570 usd
CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-58780 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-302829 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-94157 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
5600 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
33000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
5600 usd
CY2023Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
CY2022Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5065 usd
CY2023Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-302872 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-94276 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97304864 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97304864 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92519843 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92519843 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
149500 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
120000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
149500 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
120000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
33000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
38870 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
29338 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
38870 usd
CY2023 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
18000 usd
CY2022 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
12000 usd
CY2023 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
18000 usd
CY2022 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
12000 usd
CY2023 SEAV Company Secretary Fees
CompanySecretaryFees
9830 usd
CY2022 SEAV Company Secretary Fees
CompanySecretaryFees
9242 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
328340 usd
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
251700 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-302829 usd
CY2023Q4 us-gaap Assets Net
AssetsNet
185624 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
548095 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
454053 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-94157 usd
CY2022Q4 us-gaap Assets Net
AssetsNet
261258 usd

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