Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 15

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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. The directors and shareholders
of ModuLink Inc., Mr. Tam Hin Wah Anthony, Mr. Fu Wah, and Mr. Au-Yeung Sai Kit, are also directors and majority shareholders of the Company.

Zenith (PMS) Limited is wholly owned by Mr. Tam
Hin Wah Anthony, who also serves as a director of the Company. The amount due relates to a deposit paid for subcontracting services provided
by Zenith (PMS) Limited in connection with the supply and installation of windows and steel structures for the Company’s design
and build services project. As of June 30, 2025, the related work had not yet been fully completed. The nature of the transaction is considered
trade-related.

    NOTE 10
    EQUIPMENT, NET

Equipment, net as of June 30, 2025 and December
31, 2024 consisted of the following:

    Schedule of equipment, net 

    June 30, 2025  
    December 31, 2024 
  
    Computer equipment 
    $4,586  
    $– 
  
    Office equipment 
     5,387  
     4,900 
  
    Furniture and Fixtures 
     5,936  
     5,936 
  
    Leasehold improvement 
     14,819  
     14,819 
  
    Less: accumulated depreciation 
     (5,453) 
     (713)
  
    Total 
    $25,275  
    $24,942 

Depreciation expense for the six months ended June 30, 2025 and 2024
amounted to $4,740 and $Nil, respectively.

Pledge of Equipment

No equipment has been pledged by the Company.

     F-10 

INTERNATIONAL ENDEAVORS CORPORATION

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

(UNAUDITED)

    NOTE 11
    INVESTMENT IN AN ASSOCIATE

    Schedule of investment in an associate 

    Name 
    Place of Incorporation 
    Ownership/Control interest attributable to the Company June 30, 2025 and December 31, 2024 
    Principal activities
  
    ModuLink Australia Pty Limited 
    Australia 
    40% 
    Provision of construction and engineering services