Company: IDVV
Filing Date: 2025-07-03
Form Type: 10-12G/A
Source: 0001683168-25-004925
Chunk: 157

Company: ModuLink Inc.
Filing Date: 2025-07-03
Form: 10-12G/A
Chunk 157
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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.

(D) Cash

Cash includes cash on hand, cash accounts, and
interest-bearing savings accounts placed with banks and financial institutions. For the purposes of the statements of cash flow, the Company
considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.

(E) Fixed Assets, Net

Equipment is stated at cost less accumulated depreciation and
impairment losses, if any. Depreciation is provided on a straight-line basis, less estimated residual values over the assets’ estimated
useful lives. The estimated useful lives are as follows:

| Office equipment       | 3 years |
| Furniture and fixtures | 3 years |
| Leasehold improvement  | 3 years |

When equipment is retired or otherwise disposed
of, the related cost, accumulated depreciation and provision for impairment loss, if any, are removed from the respective accounts, and
any gain or loss is reflected in the consolidated statements of operations and comprehensive loss. Repairs and maintenance costs on equipment
are expensed as incurred.

| F-23 |

<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) |

(F) Impairment of Long-Lived Assets

Long-lived assets, such as equipment, are reviewed
for impairment whenever events or changes in circumstance indicate that the carrying amount of the assets may not be recoverable. An impairment
loss is recognized when the carrying amount of a long-lived asset exceeds the sum of the undiscounted cash flows expected to be generated
from the asset’s use and eventual disposition. An impairment loss is measured as the amount by which the carrying amount exceeds
the fair value of the asset calculated using a undiscounted cash flow analysis. There was no impairment of long-lived assets for the years