Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 103

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 103
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 cash used in operating activities     |     | $                  | (811,255 | ) |     | $    | (36,711 | ) |
| Net cash used in investing activities     |     | $                  |   (2,100 | ) |     | $    | –       |   |
| Net cash provided by financing activities |     | $                  |  668,026 |   |     | $    | –       |   |

Net Cash Used In Operating Activities

For the three months ended
March 31, 2025, net cash used in operating activities was $811,255, primarily consisting of a net loss of $198,054, increase in accounts
receivables and amount due from an associate and other receivables of $129,077 and $104,447, respectively, and also the decrease in contract
liabilities, accrued expenses and other payables, and amount due to related companies of $149,571, $242,570 and $61,413, respectively.

For the three months ended March 31, 2024, net
cash used in operating activities was $36,711, was primarily due to the decrease in accounts payable and contract liabilities of $46,857
and 86,735, respectively, partly offset by the decrease in accounts receivable of $82,545.

Net Cash Used In Investing Activities

For the three months ended March 31, 2025, net
cash used in investing activities of $2,100 was related to the purchase of equipment.

No investing activities incurred for the three
months ended March 31, 2024.

Net Cash Provided by Financing Activities

For the three months ended March 31, 2025, net
cash provided by financing activities was $668,026, which was primarily due to the proceeds from share issuance in a subsidiary of $669,872.

No financing activities incurred for the three
months ended March 31, 2024.

As of March 31, 2025,
our cash and cash equivalents amounted to $236,798 and our working capital was $589,148. The increase was attributable to the proceeds
from share issuance in a subsidiary.

We expect to incur significantly greater expenses
in the near future as we are expanding our business in various geographical locations.

We also expect our business development, sales
and marketing expenses to increase as we would spend more efforts in building up customers, exploring new projects and sales network,
and incur additional costs in