Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 174

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 174
---
 ASC 815-40-25-10 certain conditions for equity classification and amends certain guidance in
ASC Topic 260 on the computation of EPS for convertible instruments and contracts in an entity’s own equity. An entity can use
either a full or modified retrospective approach to adopt the ASU’s guidance. As a smaller reporting Company, the Company is required
to adopt this ASU for the fiscal year beginning January 1, 2024, with early adoption permitted for fiscal years beginning after December
15, 2020, and interim periods within those fiscal years. The Company adopted this ASU January 1, 2022 and it did not have a significant
impact on its consolidated financial statements and related disclosures.

In May 2021, the FASB issued ASU No. 2021-04,
Earnings Per Share (Topic 260), Debt— Modifications and Extinguishments (Subtopic 4 70-50), Compensation—Stock Compensation
(Topic 718), and Derivatives and Hedging— Contracts in Entity’s’ Owen Equity (Subtopic 815-40) (ASU 2022-04). ASU 2022-04
updates current accounting guidance for modifications or exchanges of freestanding equity-classified written call options that remain
equity-classified after modification or exchange as an exchange of the original instrument for a new instrument. The ASU specifies that
the effects of modifications or exchanges of freestanding equity-classified written call options that remain equity after modification
or exchange should be recognized depending on the substance of the transaction, whether it be a financing transaction to raise equity
(topic 340), to raise or modify debt (topic 470 and 835), or other modifications or exchanges. If the modification or exchange does not
fall under topics 340, 470, or 835, an entity may be required to account for the effects of such modifications or exchanges as dividends
which should adjust net income (or loss) in the basic EPS calculation. This guidance was effective for fiscal years beginning after December
15, 2022, with early adoption permitted. The Company is required to apply the amendments within this ASU prospectively to modifications
or exchanges occurring on or after the effective date of the amendment. The Company adopted this ASU January I, 2023 and it did not have
a significant impact on its consolidated financial statements and related disclosures.

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<div align='center'>INTERNATIONAL ENDEAVORS