Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 122

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 122
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 working capital was primarily attributable to the proceeds from share issuance,
which totaled $1,069,230 during the six months ended June 30, 2025.

Looking forward, we anticipate
a significant increase in operating expenses as we execute our expansion strategy across multiple geographical markets. In particular,
we expect higher business development, sales, and marketing expenditures as we focus on strengthening our customer base, pursuing new
project opportunities, and broadening our sales network to enhance market penetration. In addition, we foresee increased professional
and consultancy fees to support technical, legal, and strategic initiatives, alongside higher administrative costs arising from ongoing
corporate restructuring efforts and the associated regulatory compliance and filing requirements. These planned investments are intended
to position the Company for sustained revenue growth, although they may place increased demands on our working capital in the near term.

Going Concern

Our continuation as a going
concern is dependent upon improving our profitability and the continuing financial support from our stockholders. Our sources of capital
may include the sale of equity securities, which include common stock sold in private transactions and short-term and long-term debts.
While we believe that we will obtain external financing and the existing shareholders 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. We believe that our current cash and other sources of liquidity discussed below are adequate to support operations
for at least the next 12 months.

We
require additional funding to meet its 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.

 12 

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 unable to obtain additional financing, we may be required to reduce the scope of our business development activities, which
could harm our business plans, financial condition and operating results. Additional funding may not be available on favorable terms,
if at all. We intend to continue to fund its business by way of equity or debt financing and advances