Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 67

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 8
Chunk 67
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 loss contingencies in
accordance with ASC Topic 450 and other related guidelines.

At the end of the reporting period, there were
contingent liabilities of maximum USD 1.91 million (December 31, 2024: USD 1.91 million) in respect of the subsidiary providing a corporate
guarantee to a bank for securing the general banking facilities granted to both the subsidiary and a related company wholly owned by Mr.
Tam Hin Wah Anthony.

As of June 30, 2025 and December 31, 2024, the
Company’s management is of the opinion that there are no other commitments and contingencies to account for, except for those mentioned
above.

     F-12 

INTERNATIONAL ENDEAVORS CORPORATION

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30,
2025 AND 2024

(UNAUDITED)

    NOTE 16
    STOCKHOLDERS’ EQUITY

(A) Common Stock and Series A Convertible Preferred Shares 

On February 9, 2025, the authorized capital stock
was increased to Four Billion Ten Million (4,010,000,000) shares, consisting of (a) Four Billion (4,000,000,000) shares of common stock,
par value $0.001 per share and (b) Ten Million (10,000,000) shares of preferred stock, par value $0.001 per share, issuable in one or
more series as hereinafter provided.

Common Stock

The number of authorized common stock is Four
Billion (4,000,000,000) Shares. Issued and Outstanding as of June 30, 2025 and December 31, 2024 were 3,969,933,920. The shares were issued
under Rule 144 of the Securities and Exchange Act.

On March 28, 2025, the Company entered into a
share exchange agreement with all shareholders of the ModuLink Investment Limited (“MIL”). Under the terms of the agreement,
the Company will acquire 100% of the issued and outstanding shares of MIL by issuing a total of 2,356,712,066 shares of IDVV common stock
at a valuation of $0.0034 per share to the shareholders of MIL on a pro-rata basis, representing an aggregate valuation of approximately
$8,013,000. The