Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 22

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 22
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, we expect to purchase
building modules designed by us from Chinese manufacturers, source other building components locally and partner with local architects
and sub-contractors to ensure a smooth building process and compliance with local building codes. We further expect ModuLink InnoTech
Company Limited to assist in developing custom building management and AWG solutions for our projects in Australia.

 6 

We are in active discussions
to raise the funds necessary to finance our potential property development projects in Australia. We believe that we will be able to commence
our affordable housing property development projects in the next twelve months assuming that we are able to successfully raise approximately
$6.5 million. If we are able to raise approximately $11.5 million, we expect to begin acquiring land to build our land reserve for future
projects.

Canada/North America/Parts of Europe:

We are currently engaged in
very preliminary considerations for projects located in these regions. We hope to initiate outreach with local partners as market conditions
and finances permit.

Results of Operations.

Overview

The Company is engaged in
the business of property development by implementing modular integrated construction technology (“MiC”), embedded with our
proprietary atmospheric water generators (“AWG”) and property management system by internet of things technology (“IoT”).
We believe that these technologies support the development of sustainable and intelligent properties tailored for a varieties markets,
including residential, commercial, industrial, and remote or resource-scarce environments.

We are at a development stage
company and during the periods ended September 30, 2025 and 2024, the Company only derived revenue from modular building construction
and design services business. We reported a net loss of $765,591 for the nine months ended September 30, 2025, compared to a net profit
of $4,060 for the same period in 2024. For the three months ended September 30, 2025, we reported a net loss of $286,364, versus a net
profit of $15,576 for the corresponding quarter in 2024. We had current assets of $1,026,022 and current liabilities of $643,352 as of
September 30, 2025. As of December 31, 2024, our current assets and current liabilities were $1,030,614 and $904,610, respectively. We
had net cash used in operating activities of $1,381,198 for the period ended September 30, 2025 and net cash provided