Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 4

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 4
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entities, which are then required to be consolidated for financial reporting purpose. All significant intercompany transactions and balances
have been eliminated upon consolidation.

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.

     F-7 

INTERNATIONAL ENDEAVORS CORPORATION

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER
30, 2025 AND 2024 

(UNAUDITED)

    NOTE 3
    SUBSIDIARIES

Details of the Company’s principal consolidated
subsidiaries as of September 30, 2025 and December 31, 2024 were as follows:

    Schedule of principal consolidated
subsidiaries

    Name

    Place of
    Incorporation

    Ownership/Control
    interest
    attributable to
    the Company
    September 30, 2025 and December 31, 2024
     
    Principal activities
  
    ModuLink Investment Limited (“MIL”) (i)
     
    British Virgin Islands
     
    100%
     
    Holding company
  
    ModuLink Corporation Limited (“MCL”) (ii)
     
    Hong Kong
     
    100%
     
    Holding company and provision of intergroup management services
  
    Zenith Integrated Modular Limited (“ZIML”) (iii)
     
    Hong Kong
     
    100%
     
    Provision of construction and engineering services
  
    Zenith AY Modular Buildings Company Limited (“ZAMBCL