Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 123

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 123
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 from related parties. Any inability
to raise capital as needed would have a material adverse effect on our business, financial condition and results of operations.

If
we cannot raise additional funds, we will have to cease business operations. As a result, our common stock investors would lose all of
their investment.

Material Cash Requirements

We
incurred loss of $479,227 for the six months ended June 30, 2025 and we expect to continue to incur net losses for the foreseeable future.
We expect net cash expended in 2025 to be significantly higher than 2024. As of June 30, 2025, we had an accumulated deficit of $3,328,958.
Our material cash requirements are highly dependent upon the additional financial support from our major shareholders and external financing
in the next 12 - 18 months.

We had the following contractual obligations and
commercial commitments as of June 30, 2025:

    Contractual Obligations 
    Total  
    Less than  1 year  
    1-3 Years  
    3-5 Years  
    More than 5 Years 

    $  
    $  
    $  
    $  
    $ 
  
    Account payables 
     332,635  
     332,635  
     –  
     –  
     – 
  
    Accrued expenses 
     12,036  
     12,036  
     –  
     –  
     – 
  
    Contract liabilities 
     155,094  
     155,094  
     –  
     –  
     – 
  
    Tax liabilities 
     64,320  
     64,320  
     –  
     –  
     – 
  
    Amount due to related companies 
     850  
     850  
     –  
     –  
     – 
  
    Notes payable 
     127,050  
     127,050  
     –  
     –  
     – 

    Total obligations 
     691,985  
     691,985  
     –  
     –  
     – 

Critical Accounting Policies and Estimates

The preparation of consolidated
financial statements in conformity with accounting principles generally accepted in the United