Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 23

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 23
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 by operating activities
of $205,536 for the period ended September 30, 2024. As at September 30, 2025 and December 31, 2024, we had accumulated deficit of $3,615,322
and $2,849,731, respectively.

Our financial statements for
the periods ended September 30, 2025 and 2024 have been prepared assuming that we will continue as a going concern. Our continuation as
a going concern is dependent upon improving our profitability and the continuing financial support from our stockholders. The Company
plans to secure additional funding to support its current operations, expected future growth and strategic objectives. Management is actively
pursuing financing opportunities through debt and equity transactions, as well as exploring new development projects and accelerating
the commercialization of its products. If successfully executed, these initiatives are expected to generate positive operating cash flows
and improve the Company’s financial position.

Based on management’s
best estimates, the Company believes it has sufficient financial resources to meet its obligations for at least the next twelve months.

 7 

Results of Operations

For the Three 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 three months ended September
30, 2025 and 2024:

    Three Months Ended September 30,  

    2025  
    2024 
  
    Revenues: 

    Design and build services 
    $375,940  
    $– 
  
    Project design and management services 
     –  
     294,855 
  
    Sales of goods 
     9,105  
     – 
  
    Total revenue 
     385,045  
     294,855 
  
    Cost of revenue 
     (341,648) 
     (245,712)
  
    Gross profit 
     43,397  
     49,143 
  
    Operating expenses: 

    General and administrative expenses 
     (328,986) 
     (31,231)
  
    (Loss) / Profit from operation 
     (285,589) 
     17,912 
  
    Other expenses, net 
     (775) 
     (2,336)
  
    (Loss) / Profit before income taxes 
     (286,364