Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 86

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 86
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415,548, with were partly offset by decrease in
other receivables of $194,951 and increase in contract liabilities of $149,571.

For the year ended December
31, 2023, net cash provided by operating activities was $252,075, which consisted primarily of a net profit of $18,094 and increase in
amount due to related companies of 409,344. These were offset by increase in accounts receivable and contract assets of $82,545 and $115,500,
respectively.

Net Cash Used In Investing Activities

For the year ended December 31, 2024, net cash
used in investing activities was $25,658, which mainly consisted of purchase of equipment of $25,655.

No investing activities incurred for the year
ended December 31, 2023.

Net Cash Provided by Financing Activities

For the year ended December 31, 2024, net cash
provided by financing activities was $392,509, which consisted of proceeds from share issuance in a subsidiary of $542,308 with offset
by the loan of $149,799 advanced to an independent property development entity based in Canada.

No financing activities incurred for the year
ended December 31, 2023.

As of December 31, 2024
and 2023, our cash and cash equivalents amounted to $382,127 and $360,469 and our working capital was surplus of $126,004 and deficit
of $151,981, respectively.

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 professional and consultancy fees, administrative expenses associated with our corporate restructurings
and filings with the Commission.

During the year, we did not pay dividends on our
Common Stock. Our present policy is to apply cash to investments in business development and expansion; consequently, we do not expect
to pay dividends on Common Stock in the foreseeable future.

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Going Concern

Our continuation as a going
concern is dependent upon improving our profitability and the continuing financial support from our stockholders. Our sources of capital
may include the sale of equity securities, which include common stock sold in private transactions and short-term and long-term debts.
While we believe that we will obtain external financing and the existing shareholders