Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 30

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 enhance resident safety and well-being. This project aligns
with ModuLink’s commitment to developing sustainable, smart living environments tailored to the needs of vulnerable populations.

 6 

We intend to focus on New
South Wales and Victoria regions, where we believe the demand for affordable housing is high. Currently, Zenith AY Modular Buildings
Limited has built a smart modular house in Melbourne to showcase our top-tier design. With respect to our Australia projects, 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. 

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 June 30, 2025 and 2024, the Company only derived revenue from modular building construction and design
services business. We reported a net loss of $479,227 for the six months ended June 30, 2025, compared to a net loss of $11,516 for the
same period in 2024. For the three months ended June 30, 2025, we reported a net loss of $272,351, versus a net loss of $10,197 for the
corresponding quarter in