Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 63

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 8
Chunk 63
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Billings in excess of costs and estimated earnings
on uncompleted contracts: 

    Schedule of billings in excess of costs 

    June 30, 2025  
    December 31, 2024 
  
    Contract costs incurred plus estimated earnings 
    $550,034  
    $273,505 
  
    Less: Progress billings 
     (705,128) 
     (423,076)
  
    Contract liabilities 
    $(155,094) 
    $(149,571)

     F-9 

INTERNATIONAL ENDEAVORS CORPORATION

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30,
2025 AND 2024

(UNAUDITED)

    NOTE 7
    PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

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

    Schedule of prepaid expenses and other current assets 

    June 30, 2025  
    December 31, 2024 
  
    Prepaid expenses 
    $29,932  
    $45,000 
  
    Deposit paid 
     9,870  
     52,021 
  
    Other receivables 
     32,602  
     – 
  
    Prepaid expenses and other current assets, net 
    $72,404  
    $97,021 

    NOTE 8
    LOAN RECEIVABLES

The amount was due from an independent property
development entity based in Canada. The amount due is unsecured, carries interest at a rate of 5% per annum and repayable on demand.

    NOTE 9
    AMOUNT DUE FROM RELATED COMPANIES

The summary of amount due from related companies
as of June 30, 2025 and December 31, 2024 is as follows: 

    Schedule of amount due from related companies 

    June 30, 2025  
    December 31, 2024 
  
    ModuLink Inc. 
    $15,569  
    $– 
  
    Zenith (PMS) Limited 
     50,715  
     – 

    $66,284  
    $– 

The