Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 118

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 118
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    Total revenue 
     767,983  
     114,487 
  
    Cost of revenue 
     (676,896) 
     (103,467)
  
    Gross profit 
     91,087  
     11,020 
  
    Operating expenses: 

    General and administrative expenses 
     (560,465) 
     (15,594)
  
    Loss from operation 
     (469,378) 
     (4,574)
  
    Other expenses, net 
     (1,027) 
     (5,133)
  
    Loss before income taxes 
     (470,405) 
     (9,707)
  
    Income tax expense 
     (8,822) 
     (1,809)
  
    Net loss 
    $(479,227) 
    $(11,516)

Revenue

During the six months ended
June 30, 2025 and 2024, the following customers accounted for 10% or more of our total net revenues.

    Six months ended June 30, 2025  
    Six months ended June 30, 2024 
  
    Customer 
    Revenues  
    Percentage of revenues  
    Revenues  
    Percentage of revenues 

    An individual customer based in Hong Kong 
    $550,034  
     72%  
    $–  
     – 
  
    Zenith (HK) Engineering Limited 
     217,949  
     28%  
     –  
     – 
  
    CRCC - Kwan Lee - Paul Y. JV 
     –  
     –  
     114,487  
     100% 
  
    Total: 
    $767,983  
     100%  
    $114,487  
     100% 

Revenue was $767,983 for the
six months ended June 30, 2025, compared to $114,487 for the same period in 2024, representing an increase of approximately 571%. 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 – K