Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 144

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 144
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 MONTHS ENDED MARCH 31, 2025 AND 2024

(UNAUDITED)</div>

| NOTE 19 | INCOME TAXES (CONTINUED) |

The provision for income taxes consisted for the
three months ended March 31, 2025 and 2024 was as follows:

|                                                                 |     | Three months ended March 31, 
 2025                         |          |   |     | 2024 |       |   |
|:----------------------------------------------------------------|:----|:-----------------------------|---------:|:--|:----|:-----|------:|:--|
| (Loss) Profit before income taxes                               |     | $                            | (183,228 | ) |     | $    | 3,596 |   |
| Statutory income tax rate                                       |     |                              |    16.5% |   |     |      | 16.5% |   |
| Income tax (credit) / expense computed at statutory income rate |     |                              |  (30,233 | ) |     |      |   593 |   |
| Reconciling items:                                              |     |                              |          |   |     |      |       |   |
| Non-taxable income                                              |     |                              |      (15 | ) |     |      |   (72 | ) |
| Valuation allowance on deferred tax assets                      |     |                              |   39,070 |   |     |      | 1,288 |   |
| Income tax expense                                              |     | $                            |    8,822 |   |     | $    | 1,809 |   |

Under Hong Kong tax laws, deferred tax assets
are recognized for tax loss carried forward to the extent that the realization of the related tax benefit through future taxable profits
is probable. These tax losses do not expire under current Hong Kong tax legislation.

At March 31, 2025, the Company had an unused net
operating loss carryforward of approximately $641,600 for income tax purposes. This net operating loss carryforward may result in future
income tax benefits of approximately $105,863.

At December 31, 2024, the Company had an unused
net operating loss carryforward of approximately $404,802 for income tax purposes. This net operating loss carryforward may result in
future income tax benefits of approximately $66,793.

| NOTE 20 | SUBSEQUENT EVENTS |

The Company has