Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 26

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 26
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year.

Other expenses, net

This amount represents promissory
note interest payable to our noteholders, net of bank and loan interest income earned during the period. The increase was primarily attributable
to a higher level of outstanding promissory notes during the three months ended September 30, 2024.

 9 

Net (loss) /profit

As a result of the above factors,
the Company incurred a net loss of $286,364 and net profit of $15,576 for the three months ended September 30, 2025 and 2024, respectively.

For the Nine Months Ended September 30, 2025
and 2024

The following table sets forth selected financial information from
our consolidated statements of operations and comprehensive (loss) / income for the nine months ended September 30, 2025 and 2024:

    Nine Months Ended September 30,  

    2025  
    2024 
  
    Revenues: 

    Design and build services 
    $925,974  
    $114,487 
  
    Project design and management services 
     217,949  
     294,855 
  
    Sale of goods 
     9,105  
     – 
  
    Total revenue 
     1,153,028  
     409,342 
  
    Cost of revenue 
     (1,018,544) 
     (349,179)
  
    Gross profit 
     134,484  
     60,163 
  
    Operating expenses: 

    General and administrative expenses 
     (889,451) 
     (46,825)
  
    (Loss) / Profit from operation 
     (754,967) 
     13,338 
  
    Other expenses, net 
     (1,802) 
     (7,469)
  
    (Loss) / Profit before income taxes 
     (756,769) 
     5,869 
  
    Income tax expense 
     (8,822) 
     (1,809)
  
    Net (loss) / profit 
    $(765,591) 
    $4,060 

Revenue

During the nine months ended
September 30, 2025 and 2024, the following customers accounted for 10% or more of our total net revenues.

    Nine months ended 
September 30,