Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 175

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 175
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 at amortized cost. This standard was effective for fiscal years beginning after December 15, 2019, including interim periods
within those fiscal years with early adoption permitted. In November 2019, the FASB issued ASU No. 2019-10, Financial Instruments—
Credit Losses (Topic 326), Derivatives and Hedging (Topic 815) and Leases (Topic 842). Effective Dates, which defers the effective date
of Topic 326. As a smaller reporting Company, Topic 326 will now be effective for the Company beginning January I, 2023. The Company adopted
this ASU January I, 2023 and it did not have a significant impact on its consolidated financial statements and related disclosures.

In August 2020, the FASB issued ASU No. 2020-06,
Debt—Debt with Conversion and Other Options (Subtopic 4 70- 20) and Derivatives and Hedging—Contracts in Entity’s Own
Equity (Subtopic 815-40). Accounting for Convertible Instruments and Contracts in an Entity ’s Owner Equity (ASU 2020-06). ASU
2020-06 simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible
instruments and contracts in an entity’s own equity. Those instruments that do not have a separately recognized embedded conversion
feature will no longer recognize a debt issuance discount related to such a conversion feature and would recognize less interest expense
on a periodic basis. It also removes from 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