Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 44

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 44
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30,
2025. Based on this evaluation, management concluded that our disclosure controls and procedures and internal control over financial reporting
were not effective as of that date.

This conclusion was primarily
due to certain control limitations, including (1) the absence of an audit committee and (2) limited segregation of duties and risk assessment
processes due to the size of our staff. While these matters may be considered material weaknesses under the standards of the Public Company
Accounting Oversight Board, management believes they have not resulted in any identified material misstatements in our financial statements.

Management is committed to
strengthening our internal control environment. We are evaluating and implementing measures to enhance oversight, increase segregation
of duties, and formalize risk assessment procedures as resources allow. It should be noted that any system of controls, no matter how
well designed, has inherent limitations. Accordingly, even effective controls can provide only reasonable, not absolute, assurance that
their objectives will be met under all potential circumstances.

Remediation of Material Weaknesses

Management is actively undertaking
steps to remediate the identified material weaknesses. These measures include: (1) working to establish an audit committee to enhance
oversight of financial reporting and internal controls, (2) implementing additional review and approval procedures to improve segregation
of duties within key financial processes, and (3) refining our risk assessment process to better identify and address control gaps. We
are also assessing opportunities to leverage technology and external advisory resources to supplement our internal capabilities. While
certain remediation activities are already in progress, we expect these enhancements to be implemented in phases and will monitor their
effectiveness on an ongoing basis. Management remains committed to strengthening our internal control environment and will report on our
progress in subsequent filings.

Changes in Internal Controls over Financial
Reporting

There have been no changes
in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities
Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the period ended September 30, 2025 that have materially affected, or are reasonably
likely to materially affect, our internal control over financial reporting.

 21 

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may
become involved in litigation relating to claims arising out of its operations in the normal course of business. We are not involved in
any pending legal proceeding or litigation, and to the best of our knowledge, no governmental authority