Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 80

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 8
Chunk 80
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30, 2025, compared to a net loss of $11,516 for the
same period in 2024. For the three months ended June 30, 2025, we reported a net loss of $272,351, versus a net loss of $10,197 for the
corresponding quarter in 2024. We had current assets of $1,407,659 and current liabilities of $691,985 as of June 30, 2025. As of June
30, 2024, our current assets and current liabilities were $1,120,418 and $1,155,703, respectively. We had net cash used in operating activities
of $1,040,689 for the period ended June 30, 2025 and net cash provided by operating activities of $12,769 for the period ended June 30,
2024. As at June 30, 2025 and 2024, we had accumulated deficit of $3,328,958 and $2,577,869, respectively.

Our financial statements for
the periods ended June 30, 2025 and 2024 have been prepared assuming that we will continue as a going concern. Our continuation as a going
concern is dependent upon improving our profitability and the continuing financial support from our stockholders. The Company plans to
secure additional funding to support its current operations, expected future growth and strategic objectives. Management is actively pursuing
financing opportunities through debt and equity transactions, as well as exploring new development projects and accelerating the commercialization
of its products. If successfully executed, these initiatives are expected to generate positive operating cash flows and improve the Company’s
financial position.

Based on management’s
best estimates, the Company believes it has sufficient financial resources to meet its obligations for at least the next twelve months.

 7 

Results of Operations

For the Three Months Ended June 30, 2025 and
2024

The following table sets forth selected financial
information from our consolidated statements of operations and comprehensive loss for the three months ended June 30, 2025 and 2024:

    Three Months Ended June 30,  

    2025  
    2024 
  
    Revenues: 

    Design and build services 
    $250,015  
    $– 
  
    Project design and management services 
     88,872  
     – 
  
    Total revenue 
     338,887