Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 145

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 4
Chunk 145
---
Evaluation of Disclosure Controls and Procedures.

Our management is responsible
for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the
Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the
Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms.
Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required
to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s
management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar
functions, as appropriate to allow timely decisions regarding required disclosure.

As required by Rule 13a-15
under the Securities Exchange Act of 1934, our management, with the participation of our Chief Executive Officer and Chief Financial Officer,
evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of June 30, 2025.
Based on this evaluation, management concluded that our disclosure controls and procedures and internal control over financial reporting
were not effective as of that date.

This conclusion was primarily
due to certain control limitations, including (1) the absence of an audit committee and (2) limited segregation of duties and risk assessment
processes due to the size of our staff. While these matters may be considered material weaknesses under the standards of the Public Company
Accounting Oversight Board, management believes they have not resulted in any identified material misstatements in our financial statements.

Management is committed to
strengthening our internal control environment. We are evaluating and implementing measures to enhance oversight, increase segregation
of duties, and formalize risk assessment procedures as resources allow. It should be noted that any system of controls, no matter how
well designed, has inherent limitations. Accordingly, even effective controls can provide only reasonable, not absolute, assurance that
their objectives will be met under all potential circumstances.

 19 

Remediation of Material Weaknesses

Management is actively undertaking
steps to remediate the identified material weaknesses. These measures include: (1) working to establish an audit committee to enhance
oversight of financial reporting and internal controls, (2) implementing additional review and approval procedures to improve segregation
of duties within key financial processes, and (3)