Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 161

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 161
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 of stockholders’ equity as accumulated other comprehensive
income (loss). Foreign currency transaction gains and losses are reflected in the unaudited consolidated statements of operations and
comprehensive income.

(P) Fair Value of Financial Instruments

ASC Topic 820, Fair Value Measurements and Disclosure,
defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required
or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact,
and it considers assumptions that market participants would use when pricing the asset or liability.

| F-26 |

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

(P) Fair Value of Financial Instruments (Continued)

It establishes a fair value hierarchy that requires
an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial
instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair
value measurement. It establishes three levels of inputs that may be used to measure fair value:

Level 1 - Level 1 applies to assets or
liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 - Level 2 applies to assets or
liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability
such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets
with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are
observable or can be derived principally from, or corroborated by, observable market data.

Level 3 - Level 3 applies to assets or
liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value
of the assets or liabilities.

The carrying value of the Company’s financial
instruments, which consist of cash, prepaid expenses and other current assets, accounts payable, accrued expenses and other payables approximates
fair value due to the short-term maturities.

(Q) Recent Accounting Pronouncements

In March 2022, the Financial Accounting Standards
Board (“FASB”) issued ASU No 2022-02, “Financial Instruments—Credit