Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 135

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 135
---
procedures designed to ensure that information required
to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s
management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar
functions, as appropriate to allow timely decisions regarding required disclosure.

As required by Rule 13a-15
under the Securities Exchange Act of 1934, our management, with the participation of our Chief Executive Officer and Chief Financial Officer,
evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of June 30, 2025.
Based on this evaluation, management concluded that our disclosure controls and procedures and internal control over financial reporting
were not effective as of that date.

This conclusion was primarily
due to certain control limitations, including (1) the absence of an audit committee and (2) limited segregation of duties and risk assessment
processes due to the size of our staff. While these matters may be considered material weaknesses under the standards of the Public Company
Accounting Oversight Board, management believes they have not resulted in any identified material misstatements in our financial statements.

Management is committed to
strengthening our internal control environment. We are evaluating and implementing measures to enhance oversight, increase segregation
of duties, and formalize risk assessment procedures as resources allow. It should be noted that any system of controls, no matter how
well designed, has inherent limitations. Accordingly, even effective controls can provide only reasonable, not absolute, assurance that
their objectives will be met under all potential circumstances.

 19 

Remediation of Material Weaknesses

Management is actively undertaking
steps to remediate the identified material weaknesses. These measures include: (1) working to establish an audit committee to enhance
oversight of financial reporting and internal controls, (2) implementing additional review and approval procedures to improve segregation
of duties within key financial processes, and (3) refining our risk assessment process to better identify and address control gaps. We
are also assessing opportunities to leverage technology and external advisory resources to supplement our internal capabilities. While
certain remediation activities are already in progress, we expect these enhancements to be implemented in phases and will monitor their
effectiveness on an ongoing basis. Management remains committed to strengthening our internal control environment and will report on our
progress in subsequent filings. 

Changes in Internal Controls over Financial
Reporting

There have been no changes
in our internal controls over financial reporting