Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 38

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 38
---
 $200,795. These were partially offset by an increase
in accounts payable of $276,863 and decrease in prepaid expenses and other current assets of $24,617.

In comparison, for the six
months ended June 30, 2024, net cash provided by operating activities was $12,769, primarily driven by an increase in amount due to related
companies of $34,378, an increase in contract liabilities of $18,937, partially offset by an increase in contract assets of $31,942 and
an increase in other receivables of $5,171.

Net Cash Used In Investing Activities

For the six months ended June
30, 2025, net cash used in investing activities amounted to $5,073, primarily reflecting the purchase of equipment.

No investing activities were
recorded for the six months ended June 30, 2024. 

Net Cash Provided by Financing Activities

For the six months ended June
30, 2025, net cash provided by financing activities totaled $1,065,539, mainly due to proceeds from share issuance of $1,069,230.

In comparison, for the six
months ended June 30, 2024, net cash provided by financing activities was $128,212, attributable to proceeds from share issuance.

Working Capital

As of June 30, 2025, our cash
and cash equivalents amounted to $401,904, and our working capital was $715,674. As of December 31, 2024, we have cash and cash equivalents
of $382,127 and working capital of $126,004. The increase in working capital was primarily attributable to the proceeds from share issuance,
which totaled $1,069,230 during the six months ended June 30, 2025.

Looking forward, we anticipate
a significant increase in operating expenses as we execute our expansion strategy across multiple geographical markets. In particular,
we expect higher business development, sales, and marketing expenditures as we focus on strengthening our customer base, pursuing new
project opportunities, and broadening our sales network to enhance market penetration. In addition, we foresee increased professional
and consultancy fees to support technical, legal, and strategic initiatives, alongside higher administrative costs arising from ongoing
corporate restructuring efforts and the associated regulatory compliance and filing requirements. These planned investments are intended
to position the Company for sustained revenue growth, although they may place increased demands on our working capital in the near term.

Going Concern

Our continuation