Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 6

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 6
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 On August 1, 2024, a share swap agreement was executed among MICL, MCL, ZIML, Mr. FU and his company. Pursuant to this agreement, Mr. FU exchanged his 40% shareholding in MICL for a 25% equity interest in MCL prior to private placements to other shareholders. After the transaction, MICL became the wholly-owned subsidiary of ZIML.

    vi)
    ZAMBCL has not commenced business during the nine months ended September 30, 2025.

    vii)
    MICL has not commenced business during the nine months ended September 30, 2025

     F-8 

INTERNATIONAL ENDEAVORS CORPORATION

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER
30, 2025 AND 2024 

(UNAUDITED)

    NOTE 4
    ACCOUNTS RECEIVABLE

Accounts receivable as of September 30, 2025 and
December 31, 2024 were as follows:

    Schedule of accounts receivable 

    September 30, 2025  
    December 31, 2024 
  
    Accounts receivable 
    $136,038  
    $91,166 
  
    Less: provision for credit losses 
     –  
     – 
  
    Total 
    $136,038  
    $91,166 

For the nine months ended September 30, 2025 and
2024, the Company recorded no provision for credit losses for accounts receivable.

    NOTE 5
    CONTRACT ASSETS INCLUDING RETAINAGE, NET

Contract assets including retainage, net consisted
of the following as of September 30, 2025 and December 31, 2024:

    Schedule of contract assets 

    September 30, 2025  
    December 31, 2024 
  
    Contract assets (Note 6) 
    $193,404  
    $193,404 
  
    Retainage 
     108,098  
     108,098 
  
    Less: provision for credit losses 
     –  
     – 
  
    Contract assets including retainage, net 
    $301,502  
    $301,502 

Retainage receivables have been billed and the
Company has an