Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 85

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 85
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                        |  (25,658 | ) |     | $ |       – |
| Net cash provided by financing activities             |     | $                        |  392,509 |   |     | $ |       – |

| 42 |

Net Cash (Used In) / provided by Operating Activities

For the year ended December 31, 2024, net cash
used in operating activities was $345,193, primarily consisting of a net loss of $219,268, increase in prepaid expenses and other current
assets of $97,021, decrease in amount due to related companies of $415,548, with were partly offset by decrease in other receivables of
$194,951 and increase in contract liabilities of $149,571.

For the year ended December 31, 2023, net cash
provided by operating activities was $252,075, which consisted primarily of a net profit of $34,054 and increase in amount due to related
companies of 408,126. These were offset by increase in accounts receivable and contract assets of $82,545 and $115,500, respectively.

Net Cash Used In Investing Activities

For the year ended December 31, 2024, net cash
used in investing activities was $25,658, which mainly consisted of purchase of equipment of $25,655.

No investing activities incurred for the year
ended December 31, 2023.

Net Cash Provided by Financing Activities

For the year ended December 31, 2024, net cash
provided by financing activities was $392,509, which consisted of proceeds from share issuance in a subsidiary of $542,308 with offset
by the loan of $149,799 advanced to an independent property development entity based in Canada.

No financing activities incurred for the year
ended December 31, 2023.

As of December 31, 2024 and 2023, our cash and
cash equivalents amounted to $382,127 and $360,469 and our working capital was $513,128 and $252,714, respectively.

We expect to incur significantly greater expenses
in the near future as we are expanding our business in various geographical locations.

We also expect our business development, sales
and marketing expenses to increase as we would spend more efforts in building up customers, exploring new projects and sales network,
and incur additional costs in professional and consultancy fees, administrative expenses associated with our corporate restructurings
and filings with the Commission.

During the