Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 121

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 121
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 increase in cash 
    $19,777  
    $140,981 
  
    Cash and cash equivalents, beginning of period 
    $382,127  
    $360,469 
  
    Cash and cash equivalents, beginning of period 
    $401,904  
    $501,450 

 11 

Net Cash Used In Operating Activities

For the six months ended June
30, 2025, net cash used in operating activities was $1,040,689. This significant outflow was mainly attributable to a net loss of $470,405,
an increase in accounts receivable of $153,847, an increase in amount due from an associate of $158,063, a decrease in accrued expenses
and other payables of $307,964, and a decrease in amount due to related companies of $200,795. These were partially offset by an increase
in accounts payable of $276,863 and decrease in prepaid expenses and other current assets of $24,617.

In comparison, for the six
months ended June 30, 2024, net cash provided by operating activities was $12,769, primarily driven by an increase in amount due to related
companies of $34,378, an increase in contract liabilities of $18,937, partially offset by an increase in contract assets of $31,942 and
an increase in other receivables of $5,171.

Net Cash Used In Investing Activities

For the six months ended June
30, 2025, net cash used in investing activities amounted to $5,073, primarily reflecting the purchase of equipment.

No investing activities were
recorded for the six months ended June 30, 2024. 

Net Cash Provided by Financing Activities

For the six months ended June
30, 2025, net cash provided by financing activities totaled $1,065,539, mainly due to proceeds from share issuance of $1,069,230.

In comparison, for the six
months ended June 30, 2024, net cash provided by financing activities was $128,212, attributable to proceeds from share issuance.

Working Capital

As of June 30, 2025, our cash
and cash equivalents amounted to $401,904, and our working capital was $715,674. As of December 31, 2024, we have cash and cash equivalents
of $382,127 and working capital of $126,004. The increase in