Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 81

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 81
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end,” “believe,” and similar expressions. Although we believe the expectations reflected in these forward-looking statements are reasonable, such statements are inherently subject to risk and we can give no assurances that our expectations will prove to be correct. Actual results could differ from those described in this registration statement because of numerous factors, many of which are beyond our control. These factors include, without limitation, those described under Item 1A “Risk Factors.” We undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this registration statement or to reflect actual outcomes. Please see “Forward Looking Statements” at the beginning of this Form 10.

The following discussion of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the related notes thereto and other financial information appearing elsewhere in this Form 10.

Overview

The Company is engaged in
the business of property development by implementing modular integrated construction technology (“MiC”), embedded with our
proprietary atmospheric water generators (“AWG”) and property management system by internet of things technology (“IoT”).
We believe that these technologies support the development of sustainable and intelligent properties tailored for a varieties market,
including residential, commercial, industrial, and remote or resource-scarce environments.

We are at a development stage company and during the years ended December
31, 2024 and 2023, the Company only derived revenue from modular building construction and design services business. We reported a net
loss of $283,378 and net profit of $12,734 for the years ended December 31, 2024 and 2023, respectively. We had current assets of $1,030,614
and current liabilities of $904,610 as of December 31, 2024. As of December 31, 2023, our current assets and current liabilities were
$942,324 and $1,094,305, respectively. We had net cash used in operating activities of $345,193 for the year ended December 31, 2024 and
net cash provided by operating activities of $252,075 for the year ended December 31, 2023. As at December 31, 2024 and 2023, we had accumulated
deficit of $2,849,731 and $2,566,353, respectively.

Our financial statements
for the years ended December 31, 2024 and 2023 have been prepared assuming that we will continue as a going concern. Our