Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 162

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 162
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 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |

(A) Basis of Presentation and Preparation

These consolidated financial statements of the
Company have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”)
and are expressed in United States dollars.

(B) Principles of Consolidation

The consolidated financial statements
include the financial statements of International Endeavors Corporation, ModuLink Investment Limited and its subsidiaries and
associated companies for which it is the primary beneficiary. Upon making this determination, the Company is deemed to be the
primary beneficiary of these entities, which are then required to be consolidated for financial reporting purpose. All significant
intercompany transactions and balances have been eliminated upon consolidation.

| F-24 |

<div align='center'>INTERNATIONAL ENDEAVORS CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023</div>

| NOTE 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) |

Transactions involving entities under common control
are accounted for using the merger accounting. The consolidated financial statements of the combining entities are presented as if the
reorganization occurred at the beginning of the earliest reporting period presented. No gain or loss is recognized in the consolidated
financial statements as a result of the reorganization. The historical financial information of all entities under common control is combined
retroactively for all periods presented. The financial statements reflect consistent accounting policies and principles across all entities.

(C) Use of Estimates

The Company’s consolidated financial statements
require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated
financial statements and reported amounts of revenue and expense during the reporting period. Estimates are used when accounting for certain
items such as accounting for income tax valuation allowances. Estimates are based on historical experience, where applicable, and assumptions
that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results
may differ.

(D) Cash

Cash includes cash on hand, cash accounts, and
interest-bearing savings accounts placed with banks and financial institutions. For the purposes of the statements of cash flow, the Company
considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.

(E) Fixed Assets, Net

Equipment is stated at cost less accumulated depreciation and
impairment losses, if any. Depreciation