Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 9

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 9
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5  
    December 31, 2024 
  
    Computer equipment 
    $18,430  
    $– 
  
    Office equipment 
     5,387  
     4,900 
  
    Furniture and Fixtures 
     5,936  
     5,936 
  
    Leasehold improvement 
     14,819  
     14,819 
  
    Tools and moulds 
     36,155  
     – 
  
    Less: accumulated depreciation 
     (8,812) 
     (713)
  
    Total 
    $71,915  
    $24,942 

Depreciation expense for the nine months ended September 30, 2025 and
2024 amounted to $8,099 and $Nil, respectively.

Pledge of Equipment

No equipment has been pledged by the Company.

    NOTE 11
    INVESTMENT IN AN ASSOCIATE

    Schedule of investment in an associate

    Name

    Place of
    Incorporation

    Ownership/Control
    interest
    attributable to
    the Company
    September 30, 2025 and December 31,
    2024
     
    Principal activities
  
    ModuLink Australia Pty Limited
     
    Australia
     
    40%
     
    Provision of construction and engineering services in Australia

ModuLink Australia Pty Limited was incorporated
on 30 July 2024 for providing construction and engineering services in Australia.

The amount due from the associate represented
the advances from the Company for the development project in Australia, which is unsecured, non-interest-bearing, and repayable on demand.

     F-11 

INTERNATIONAL ENDEAVORS CORPORATION

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER
30, 2025 AND 2024 

(UNAUDITED)

    NOTE 12
    ACCOUNTS PAYABLE

Accounts payable as of September 30, 2025 and
December 31, 2024 consisted of the following:

    Schedule of accounts payable 

    September 30, 2025  
    December 31, 2024 
  
    Account payable 
    $177,383  
    $– 
  
    Retention payable 
     55,772  
     55,772 
  
    Total