Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 93

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 93
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-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides
valuation allowances as management deems necessary.

| · | Uncertain tax positions |

The Company did not take any uncertain tax positions
and had no adjustments to its income tax liabilities or benefits pursuant to the ASC 740 provisions of Section 740-10-25 for the years
ended December 31, 2024 and 2023.

| · | Foreign currencies translation |

Transactions denominated in currencies other than
the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction.
Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency
using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the consolidated statement
of operations.

The reporting currency of the Company is United
States Dollar ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company
is operating in Hong Kong, and maintains its books and record in its local currencies, Hong Kong Dollars (“HKD”) respectively,
which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general,
for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in
accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet
date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation
of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the
statements of changes in shareholders’ equity.

| 48 |

Translation of amounts from HKD into US$ has been
made at the following exchange rates for the years ended December 31, 2024 and 2023:

|                                |     |     | December 31, 2024 |     |     | December 31, 2023 |
|:-------------------------------|:----|:----|------------------:|:----|:----|------------------:|
| Year-end HKD:US$ exchange rate |     |     |            0.1282 |     |     |            0.1282 |
| Average HKD:US$ exchange rate  |     |     |            0.1282 |     |     |            0.127