Company: IDVV
Filing Date: 2025-07-03
Form Type: 10-12G/A
Source: 0001683168-25-004925
Chunk: 164

Company: ModuLink Inc.
Filing Date: 2025-07-03
Form: 10-12G/A
Chunk 164
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 TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023</div>

| NOTE 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) |

(M) Comprehensive Income (Loss)

The Company follows ASC Topic 220, Comprehensive
Income, for the reporting and display of its comprehensive income (loss) and related components in the consolidated financial statements
and thereby reports a measure of all changes in equity of an enterprise that results from transactions and economic events other than
transactions with the shareholders. Items of comprehensive income (loss) are reported in both the consolidated statements of operations
and comprehensive income and the consolidated statement of stockholders’ deficit.

Accumulated other comprehensive income as presented
on the consolidated balance sheets consisted of the accumulative foreign currency translation adjustment at period end.

(N) Earnings (Loss) Per Common Share

Basic earnings (loss) per common share are computed
in accordance with ASC Topic 260, Earning per Share, by dividing the net income (loss) attributable to holders of common stock by the
weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per common share is computed
by dividing net income (loss) by the weighted average number of common shares including the dilutive effect of common share equivalents
then outstanding.

The diluted net profit/(loss) per common share
is the same as the basic net profit/(loss) per share for the years ended December 31, 2024 and 2023 as all potential common shares including
stock options and warrants are anti-dilutive and are therefore excluded from the computation of diluted net profit/(loss) per share.

(O) Foreign Currency Translation

The assets and liabilities of the Company’s
subsidiaries and variable interest entity denominated in currencies other than U.S. dollars are translated into U.S. dollars using the
applicable exchange rates at the balance sheet date. For consolidated statements of operations and comprehensive loss’ items, amounts
denominated in currencies other than U.S. dollars were translated into U.S. dollars using the average exchange rate during the period.
Equity accounts were translated at their historical exchange rates. Net gains and losses resulting from translation of foreign currency
on consolidated financial statements are included in the statements of stockholders’ equity as accumulated other comprehensive
income (loss). Foreign currency transaction gains and losses are reflected in the consolidated statements of operations and
comprehensive income.

(P)