Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 27

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 27
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 2025  
    Nine months ended 
September 30, 2024 
  
    Customer 
    Revenues  
    Percentage of revenues  
    Revenues  
    Percentage of revenues 

    An individual customer based in Hong Kong 
    $925,974  
     81%  
    $–  
     – 
  
    Zenith (HK) Engineering Limited 
     217,949  
     19%  
     294,855  
     72% 
  
    CRCC - Kwan Lee - Paul Y. JV 
     –  
     –%  
     114,487  
     28% 
  
    Others 
     9,105  
     –%  
     –  
     –% 
  
    Total: 
    $1,153,028  
     100%  
    $409,342  
     100% 

 10 

Revenue was $1,153,028 for
the nine months ended September 30, 2025, compared to $409,342 for the same period in 2024, representing an increase of approximately
182%. The substantial growth was primarily driven by revenue contributions from both service segments, Design and Build Services and Project
Design and Management Services, as supported by new and ongoing projects. In contrast, the corresponding period in 2024 reflected lower
revenue following the completion of our design and build project with CRCC – Kwan Lee – Paul Y. JV in early 2024, after which
the Company did not secure any new contracts in this service segment for the remainder of that year.

In August 2024, we entered
into a design services management agreement with Zenith (HK) for a total contract sum of HK$4,000,000 (approximately $513,000). Under
this agreement, we provided technical design manpower services for the Sheung Shui Town Lot No. 263 (F0874), Kwu Tung North – Podium
and Tower project. Our scope of work included deploying skilled technical personnel to support design development, project planning, coordination
activities, and close collaboration with Zenith HK’s internal team. This engagement marked a strategic shift toward service-based
offerings that leverage our technical expertise while requiring less capital investment than traditional design and build contracts. The
project was completed as scheduled in June 2025.

In addition