CONCENTRATIONS OF RISKS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Risks and Uncertainties [Abstract] | |
| CONCENTRATIONS OF RISKS | 14. CONCENTRATIONS OF RISKS
(a) Credit risk
Financial instruments that are potentially subject to credit risk consists principally of accounts receivable. The Company believes the concentration of credit risk in its accounts receivable is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.
SEATECH VENTURES CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2026 (Currency expressed in United States Dollars (“US$”), except for number of shares) (UNAUDITED)
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