Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 166

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 166
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 income (loss)” line item in the consolidated
statement of operations. The Company recorded its share of the income or loss generated by these entities for the years ended December
31, 2024 and 2023.

| F-27 |

<div align='center'>INTERNATIONAL ENDEAVORS CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023</div>

| NOTE 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) |

(J) Equity Method Investments (Continued)

Dividends and other distributions from equity
method investees are recorded as a reduction of the Company’s investment. Distributions received up to the Company’s interest
in the investee’s retained earnings are considered returns on investments and are classified within cash flows from operating activities
in the consolidated statement of cash flows. Distributions from equity method investments in excess of the Company’s interest in
the investee’s retained earnings are considered returns of investments and are classified within cash flows provided by investing
activities in the statement of cash flows.

Other Equity Investments: Investments in nonconsolidated
affiliates in which the Company owns less than 20% of the voting common stock or does not exercise significant influence over operating
and financial policies, are recorded at fair value using quoted market prices if the investment has a readily determinable fair value.
If an equity investment’s fair value is not readily determinable, the Company will recognize it at cost less any impairment, adjusted
for observable price changes in orderly transactions in the investees’ securities that are identical or similar to the Company’s
investments in the investee. The unrealized gains and losses and the adjustments related to the observable price changes are recognized
in net income (loss).

Impairments of Investments

The Company regularly reviews its investments
for impairment, including when the carrying value of an investment exceeds its market value. If the Company determines that an investment
has sustained an other-than-temporary decline in its value, the investment is written down to its fair value by a charge to earnings.
Factors that are considered by the Company in determining whether an other-than-temporary decline in value has occurred include (i) the
market value of the security in relation to its cost basis, (ii) the financial condition of the investee, and (iii) the Company’s
intent and ability to retain the investment for a sufficient period of time to allow for recovery