Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 167

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 167
---
 in the market value of the investment.

For investments accounted for using the equity
method of accounting or equity investments without a readily determinable fair value, the Company evaluates information available (e.g.,
budgets, business plans, financial statements, etc.) in addition to quoted market prices, if any, in determining whether an other-than
temporary decline in value exists. Factor’s indicative of an other-than-temporary decline include recurring operating losses, credit
defaults and subsequent rounds of financing at an amount below the cost basis of the Company’s investment.

(K) Revenue Recognition

The Company derives a significant portion of revenues
from contracts with its customers during the years ended December 31, 2024 and 2023, predominantly by performing design and building services
and project design and management services for both public and private projects, with an emphasis on commercial and residential developments.

In accordance with ASC 606, Revenue From Contracts
with Customers, an entity recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects
the consideration the entity expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements
that are within the scope of the standard, the entity performs the following five steps: (i) identify the contract(s) with a customer;
(ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price
to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation.
The standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with
customers. The standard also includes criteria for the capitalization and amortization of certain contract acquisition and fulfillment
costs.

| F-28 |

<div align='center'>INTERNATIONAL ENDEAVORS CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023</div>

| NOTE 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) |

Revenues derived from design and building services
are recognized over time by using the cost-to-cost method to measure the progress towards the completion of the performance obligation
as the customer simultaneously receives and consumes the benefits from the services rendered by the Company.as the Company satisfies its
performance obligations by transferring control of the asset created or enhanced by the project to the customer. The contracts for design
and building services