Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 43

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 43
---
guidance on disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying
pretax income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the US statutory rate of
21%, this would generally require disclosing any reconciling items that impact the rate by 1.05% or more. ASU 2023-09 is effective for
public business entities for annual periods beginning after Dec. 15, 2024 (generally, calendar year 2025) and effective for all other
business entities one year later. Entities should adopt this guidance on a prospective basis, though retrospective application is permitted.
The adoption of ASU 2023-09 is expected to have a financial statement disclosure impact only and is not expected to have a material impact
on the Company’s consolidated financial statements.

Other pronouncements issued by the FASB or other
authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant
to the Company’s financial position, results of operations or cash flows.

 20 

Item 3. Quantitative and Qualitative Disclosures
About Market Risk

As a “smaller reporting
company”, we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures.

Our management is responsible
for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the
Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the
Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms.
Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required
to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s
management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar
functions, as appropriate to allow timely decisions regarding required disclosure.

As required by Rule 13a-15
under the Securities Exchange Act of 1934, our management, with the participation of our Chief Executive Officer and Chief Financial Officer,
evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of September