Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 97

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 97
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 Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 expands
disclosures about a public entity’s reportable segments and requires more enhanced information about a reportable segment’s
expenses, interim segment profit or loss, and how a public entity’s chief operating decision maker uses reported segment profit
or loss information in assessing segment performance and allocating resources. ASU 2023-07 is effective for fiscal years beginning after
December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. ASU 2023-07 should be applied retrospectively
to all prior periods presented in the financial statements. The Company does not expect ASU 2023-07 to have a material effect on the Company’s
current financial position, results of operations or financial statement disclosures.

In December 2023, the FASB issued ASU No 2023-09,
“Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 expands disclosures
in the rate reconciliation and requires disclosure of income taxes paid by jurisdiction. ASU 2023-09 is effective for fiscal years beginning
after December 15, 2024. Early adoption is permitted. ASU 2023-09 should be applied prospectively; however, retrospective application
is permitted. The Company does not expect ASU 2023-09 to have a material effect on the Company’s current financial position, results
of operations or financial statement disclosures.

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In June 2016, the Financial Accounting Standards
Board (“FASB”) issued ASU No. 2016-13, Financial Instruments Credit Losses (Topic 326), which requires entities to measure
all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable
and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial
assets measured at amortized cost. This standard was effective for fiscal years beginning after December 15, 2019, including interim periods
within those fiscal years with early adoption permitted. In November 2019, the FASB issued ASU No. 2019-10, Financial Instruments—
Credit Losses (Topic 326), Derivatives and Hedging (Topic 815) and Leases (Topic 842).