Company: IDVV
Filing Date: 2025-07-03
Form Type: 10-12G/A
Source: 0001683168-25-004925
Chunk: 94

Company: ModuLink Inc.
Filing Date: 2025-07-03
Form: 10-12G/A
Chunk 94
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priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by paragraph 820-10-35-37 of the FASB Accounting
Standards Codification are described below:

| Level 1 |     | Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.                                              |
| Level 2 |     | Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. |
| Level 3 |     | Pricing inputs that are generally observable inputs and not corroborated by market data.                                                                    |

| 48 |

Financial assets are considered Level 3 when their
fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant
model assumption or input is unobservable.

The fair value hierarchy gives the highest priority
to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If
the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is
based on the lowest level input that is significant to the fair value measurement of the instrument.

The carrying amounts of the Company’s financial
assets and liabilities, such as cash and cash equivalents, prepaid expense and other current assets, accrued liabilities and other payables,
accrued consulting service fee, amounts due to related parties and income tax payable approximate their fair values because of the short
maturity of these instruments.

| · | Recent accounting pronouncements |

In March 2022, the Financial Accounting Standards
Board (“FASB”) issued ASU No 2022-02, “Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings
and Vintage Disclosures” (“ASU 2022-02”). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings
by creditors while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors made to borrowers experiencing
financial difficulty. In addition, the amendments require disclosure of current period gross write-offs for financing receivables and
net investment in leases by year of origination in the vintage disclosures. ASU 2022-02 is effective for fiscal years beginning after
December 15, 2022, including interim periods within those fiscal years. Except for expanded disclosures to its vintage disclosures, ASU
2022-02 did