Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 153

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 153
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 gain or loss is recognized in the consolidated
financial statements as a result of the reorganization. The historical financial information of all entities under common control is combined
retroactively for all periods presented. The financial statements reflect consistent accounting policies and principles across all entities.

(C) Use of Estimates

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.
There were no cash equivalents balance as of December 31, 2024 and December 31, 2023.

(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-21 |

<div align='center'>MODULINK INVESTMENT LIMITED

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