Company: IDVV
Filing Date: 2025-07-03
Form Type: 10-12G/A
Source: 0001683168-25-004925
Chunk: 160

Company: ModuLink Inc.
Filing Date: 2025-07-03
Form: 10-12G/A
Chunk 160
---
 performance obligation under the contract.

Costs and estimated earnings in excess of billings
on uncompleted contracts and billings in excess of costs and estimated earnings on uncompleted contracts are typically resolved within
one year and are not considered significant financing components.

(J) Equity Method Investments

The Company uses the equity method of accounting
for investments in companies in which it has a minority equity interest and the ability to exert significant influence over operating
decisions of the companies. Significant influence is generally presumed to exist when the Company owns between 20% and 50% of the voting
interests in the investee, holds substantial management rights or holds an interest of less than 20% in an investee that is a limited
liability partnership or limited liability corporation that is treated as a flow- through entity.

Under the equity method of accounting, the Company’s
share of the investee’s earnings (losses) are included in the “equity interests income (loss)” line item in the consolidated
statement of operations. The Company recorded its share of the income or loss generated by these entities for the years ended December
31, 2024 and 2023.

| F-25 |

<div align='center'>INTERNATIONAL ENDEAVORS CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023</div>

| NOTE 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) |

(J) Equity Method Investments (Continued)

Dividends and other distributions from equity
method investees are recorded as a reduction of the Company’s investment. Distributions received up to the Company’s interest
in the investee’s retained earnings are considered returns on investments and are classified within cash flows from operating activities
in the consolidated statement of cash flows. Distributions from equity method investments in excess of the Company’s interest in
the investee’s retained earnings are considered returns of investments and are classified within cash flows provided by investing
activities in the statement of cash flows.

Other Equity Investments: Investments in nonconsolidated
affiliates in which the Company owns less than 20% of the voting common stock or does not exercise significant influence over operating
and financial policies, are recorded at fair value using quoted market prices if the investment has a readily determinable fair value.
If an equity investment’s fair value is not readily determinable, the Company will recognize it at cost less any impairment, adjusted