Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 87

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 87
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 will continue to provide the additional cash to
meet our obligations as they become due, there can be no assurance that we will be able to raise such additional capital resources on
satisfactory terms. Currently, we rely on funding provided by our officers and directors to support our ongoing operating activities.
In light of this support, along with the continued forbearance of Zenith (HK) as discussed below, we believe our existing cash position
and other sources of liquidity are sufficient to fund our operations for at least the next 12 months.

We are indebted to Zenith
(HK), a customer that accounted for approximately 72% of our revenues, for the year ended December 31, 2024, in the approximate amount
of $124,549 as of March 31, 2025. Pursuant to the Stock Purchase Agreement dated January 22, 2025, the two convertible promissory notes
were purchased and assigned to Zenith (HK) on January 30, 2025. On February 28, 2025, Zenith (HK) waived all rights to convert the outstanding
principal amount and any accrued but unpaid interest under the two convertible promissory notes into equity securities of the Company.
We owe approximately $124,549 pursuant to such notes. Both notes have already become due and payable. However, Zenith (HK) has indicated
a willingness to work with the Company regarding repayment of such loans. We do not expect to generate sufficient cash flow to repay
these notes within the next twenty-four months. There is no assurance that we can generate sufficient cash flow to repay these notes
after such twenty-four-month period, if ever. If we are required to repay these notes prior to achieving profitability, our ability to
implement our business plan or to expand our business may be significantly delayed.

We
require additional funding to meet our ongoing obligations and to fund anticipated operating losses. Our ability to continue as a going
concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. These consolidated
financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of
assets and liabilities that may result in the Company not being able to continue as a going concern.

We
expect to incur business development, sales and marketing, professional and administrative expenses as well expenses associated with maintaining
our filings with the Commission. We will require additional funds during this time and will seek to raise the necessary additional capital.
If we are