Company: IDVV
Filing Date: 2025-07-03
Form Type: 10-12G/A
Source: 0001683168-25-004925
Chunk: 47

Company: ModuLink Inc.
Filing Date: 2025-07-03
Form: 10-12G/A
Chunk 47
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 or other factors not perceived by us to present significant risks to our business at this time also may impair our business operations.

Risks Related to Our Business and Industry

We have not yet begun generating significant revenue as our business of building properties through the use of modular integrated construction technology (“MiC”), embedded with atmospheric water generators (“AWG”), together with a property management system powered by internet of things technology (“IoT”), is at a development stage that is dependent upon the financial support of our stockholders to finance our operations. Further, our financial statements have been prepared assuming that we will continue as a going concern. As such, we are dependent upon the continued support of our insiders to continue operations.

We have not yet begun generating
significant revenues and are dependent upon the continued support of our majority shareholders to continue operations. Our financial statements
have been prepared assuming that we will continue as a going concern. Our continuation as a going concern is dependent upon improving
our profitability and the continuing financial support from our stockholders. If our assumption regarding profitability or the continued
support of our stockholders is not valid, we may not be able to pursue our business plan or continue operations as planned, which may
materially and adversely affect our financial condition and results of operations. Further, the value of your securities may be significantly
and adversely affected or become worthless.

| 22 |

We have substantial customer concentration, with two customers accounting for all of our 2024 revenues.

We
currently derive all of our revenues from two customers, Zenith (HK) Engineering Limited and an individual based in Hong Kong, each of
which accounted 72% and 28%, respectively of our revenues in fiscal 2024. In fiscal 2023, the same individual accounted for all of our
revenues. There are inherent risks whenever a large percentage of total revenues are concentrated with a limited number of customers.
It is not possible for us to predict the future level of demand for our services that will be generated by these customers or the future
demand for the products and services of these customers in the end-user marketplace. In addition, revenues from two customers, may
fluctuate from time to time based on the commencement and completion of projects, the timing of which may be affected by market conditions
or other facts, some of which may be outside of our control. Further, some of our contracts with these larger customers permit them to
terminate our services at any time (subject to notice and certain other provisions). If any of these customers experience declining