Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 32

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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    Loss from operation 
     (271,811) 
     (7,736)
  
    Other expenses, net 
     (540) 
     (2,461)
  
    Loss before income taxes 
     (272,351) 
     (10,197)
  
    Income tax expense 
     –  
     – 
  
    Net loss 
    $(272,351) 
    $(10,197)

Revenue

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

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

    An individual customer based in Hong Kong 
    $250,015  
     74%  
    $–  
     – 
  
    Zenith (HK) Engineering Limited 
     88,872  
     26%  
     –  
     – 
  
    Total: 
    $338,887  
     100%  
    $–  
     – 

Revenue was $338,887 for the
three months ended June 30, 2025, compared to $Nil for the same period in 2024. The increase was primarily attributable to revenue contributions
from both service segments, Design and Build Services, and Project Design and Management Services, as supported by new and ongoing projects.

In August 2024, we entered
into a design services management agreement with Zenith (HK) for a total contract sum of HK$4,000,000 (approximately $513,000). Under
this agreement, we provided technical design manpower services for the Sheung Shui Town Lot No. 263 (F0874), Kwu Tung North – Podium
and Tower project. Our scope of work included deploying skilled technical personnel to support design development, project planning, coordination
activities, and close collaboration with Zenith HK’s internal team. This engagement marked a strategic shift toward service-based
offerings that leverage our technical expertise while requiring less capital investment than traditional design and build contracts. The
project was completed as scheduled in June 2025.

 8 

In addition, revenue for the
quarter included contributions from a