Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 2

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 2
---
 reorganize MIL under a public entity. Upon
the consummation of acquisition on May 1, 2025, MIL became the ongoing operating entity of the Company.

Accordingly, the transaction is accounted for
as a reverse recapitalization of the Company, with MIL deemed the accounting acquirer and the Company treated as the accounting acquiree
for financial reporting purposes. Under the guidance in Accounting Standard Codification (ASC) Topic 805, for transactions between entities
under common control, the assets, liabilities and results of operations, are recognized at their carrying amounts as of the consummation
date of the Share Exchange. This accounting treatment requires a retrospective presentation and combination of the consolidated financial
statements as if the share exchange and disposal of original business had occurred and the current group structure had existed at the
beginning of the earliest reporting period presented. Accordingly, the historical financial statements of the Company reflect those of
the accounting acquirer, i.e. the ModuLink Group, prior to the transaction, accompanied by a recapitalization of the Company’s equity
structure.

During the three and nine months ended September
30, 2025 and 2024, the Company and ModuLink Group (collectively referred to the “Group”) generated revenues exclusively from
modular building construction and design services business, and trading of atmospheric water generator products.

Amendment to the Articles of Incorporation
to change the name of the Company

On October 14, 2025 the Board of Directors and
the consenting stockholders adopted and approved a resolution to effect an amendment to our Articles of Incorporation to change our name
from “INTERNATIONAL ENDEAVORS CORP.” to “MODULINK INC.” Under Rule 14c-2, promulgated pursuant to the Exchange
Act, the change to our name shall be effective twenty (20) days after the Information Statement – DEF 14C is mailed to stockholders
of the Company. We anticipate the effective date to be on or about November 23, 2025.

Going Concern

The Company's consolidated financial statements
are prepared using accounting principles generally accepted in the United States of America, or U.S. GAAP, applicable to a going concern
which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has incurred
losses of $765,591 and has net cash used in operating activities of $1,381,198 for the nine months ended September 30,