Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 65

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 8
Chunk 65
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 of investment in an associate 

    Name 
    Place of Incorporation 
    Ownership/Control interest attributable to the Company June 30, 2025 and December 31, 2024 
    Principal activities
  
    ModuLink Australia Pty Limited 
    Australia 
    40% 
    Provision of construction and engineering services in Australia

ModuLink Australia Pty Limited was incorporated
on 30 July 2024 for providing construction and engineering services in Australia.

The amount due from the associate represented
the advances from the Company for the development project in Australia, which is unsecured, non-interest-bearing, and repayable on demand. 

    NOTE 12
    ACCOUNTS PAYABLE

Accounts payable as of June 30, 2025 and December
31, 2024 consisted of the following: 

    Schedule of accounts payable 

    June 30, 2025  
    December 31, 2024 
  
    Account payable 
    $276,863  
    $– 
  
    Retention payable 
     55,772  
     55,772 
  
    Total 
    $332,635  
    $55,772 

The retention payable is not due until satisfactory contract completion
and acceptance by the customer.

    NOTE 13
    AMOUNT DUE TO RELATED COMPANIES

The summary of amount due to related companies
as of June 30, 2025 and December 31, 2024 is as follows:

    Schedule of amount due to related companies 

    June 30, 2025  
    December 31, 2024 
  
    Zenith (PMS) Limited 
    $–  
    $47,798 
  
    AY Consulting Services Company 
     850  
     153,847 
  
    Total 
    $850  
    $201,645 

The amount due to related companies in which the
Company's directors also serve as directors. These balances primarily represent advances provided to fund certain development projects.
The amounts are unsecured, non-interest-bearing, and repayable on demand.

     F-11 

INTERNATIONAL ENDEAVORS CORPORATION

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30,
2025 AND 2024

(UNAUDITED)

    NOTE 14
    NOTES PAYABLE

Notes payable as of