Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 96

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 96
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 above, the categorization is
based on the lowest level input that is significant to the fair value measurement of the instrument.

The carrying amounts of the Company’s financial
assets and liabilities, such as cash and cash equivalents, prepaid expense and other current assets, accrued liabilities and other payables,
accrued consulting service fee, amounts due to related parties and income tax payable approximate their fair values because of the short
maturity of these instruments.

| · | Recent accounting pronouncements |

In March 2022, the Financial Accounting Standards
Board (“FASB”) issued ASU No 2022-02, “Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings
and Vintage Disclosures” (“ASU 2022-02”). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings
by creditors while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors made to borrowers experiencing
financial difficulty. In addition, the amendments require disclosure of current period gross write-offs for financing receivables and
net investment in leases by year of origination in the vintage disclosures. ASU 2022-02 is effective for fiscal years beginning after
December 15, 2022, including interim periods within those fiscal years. Except for expanded disclosures to its vintage disclosures, ASU
2022-02 did not have a material effect on the Company’s current financial position, results of operations or financial statements.

In October 2023, the FASB issued ASU No 2023-06,
“Disclosure Agreements – Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative”
(“ASU 2023-06”). ASU 2023-06 will align the disclosure and presentation requirements in the FASB Accounting Standards Codification
with the SEC’s regulations. The amendments in ASU 2023-06 will be applied prospectively and are effective when the SEC removes the
related requirements from Regulations S-X or S-K. Any amendments the SEC does not remove by June 30, 2027 will not be effective. As the
Company is currently subject to these SEC requirements, ASU 2023-06 is not expected to have a material effect on the Company’s current
financial position, results of operations or financial statement disclosures.

In November 2023, the FASB issued ASU No 2023-07,
“Segment Reporting (Topic 280