Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 7

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 7
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 unconditional right to receive payment, but are not due until satisfactory contract completion and acceptance by the customer.

    NOTE 6
    CONTRACT ASSETS AND LIABILITIES

Costs and estimated earnings compared to billings
on uncompleted contracts as of September 30, 2025 and December 31, 2024 consisted of the following:

Costs and estimated earnings in excess of billings
on uncompleted contracts:

    Schedule of costs and estimated earnings 

    September 30, 2025  
    December 31, 2024 
  
    Contract costs incurred plus estimated earnings 
    $4,323,927  
    $4,323,927 
  
    Less: Progress billings 
     (4,130,523) 
     (4,130,523)
  
    Contract assets 
    $193,404  
    $193,404 

Billings in excess of costs and estimated earnings
on uncompleted contracts:

    Schedule of billings in excess of costs 

    September 30, 2025  
    December 31, 2024 
  
    Contract costs incurred plus estimated earnings 
    $925,974  
    $273,505 
  
    Less: Progress billings 
     (961,540) 
     (423,076)
  
    Contract liabilities 
    $(35,566) 
    $(149,571)

     F-9 

INTERNATIONAL ENDEAVORS CORPORATION

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

(UNAUDITED)

    NOTE 7
    PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

Prepaid expenses and other current assets, net
as of September 30, 2025 and December 31, 2024 were as follows: 

    Schedule of prepaid expenses and other current asset 

    September 30, 2025  
    December 31, 2024 
  
    Prepaid expenses 
    $8,914  
    $45,000 
  
    Deposit paid 
     29,932  
     52,021 
  
    Other receivables 
     32,602  
     – 
  
    Prepaid expenses and other current assets, net 
    $71,448  
    $97