Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 169

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 169
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 an entity recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects
the consideration the entity expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements
that are within the scope of the standard, the entity performs the following five steps: (i) identify the contract(s) with a customer;
(ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price
to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation.
The standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with
customers. The standard also includes criteria for the capitalization and amortization of certain contract acquisition and fulfillment
costs.

| F-28 |

<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) |

Revenues derived from design and building services
are recognized over time by using the cost-to-cost method to measure the progress towards the completion of the performance obligation
as the customer simultaneously receives and consumes the benefits from the services rendered by the Company.as the Company satisfies its
performance obligations by transferring control of the asset created or enhanced by the project to the customer. The contracts for design
and building services are legally enforceable and binding agreements between the Company and customers. Recognition of revenues for construction
projects requires significant judgment by management, including, among other things, estimating total costs expected to be incurred to
complete a project and measuring progress toward completion. Management reviews contract estimates regularly to assess revisions of estimated
costs to complete a project and for measurement of progress toward completion. No material adjustments to a contract were noted in the
fiscal years ended December 31, 2024 and 2023.

The Company reviews and updates the estimated
total costs of the contracts at least annually. Revisions to contract revenue and estimated total costs of the contracts are made in the
period in which the facts and circumstances that cause the revision become known and are accounted for as changes in estimates. Management
believes the Company maintains reasonable estimates based on prior experience; however, many factors contribute to changes in estimates
of contract costs. Accordingly,