ModuLink Inc. reported a significant decline in financial performance for the first quarter of 2026, with revenues totaling $151,840, a decrease of approximately 65% from $429,096 in the same period of 2025. The company attributed this drop primarily to the completion of a project design and management services contract in Hong Kong, which had previously contributed substantially to its revenue. The cost of revenues also decreased to $135,732 from $379,550, reflecting the reduced activity level. Consequently, the company recorded a net loss of $208,865 for the quarter, slightly higher than the loss of $206,876 reported in the prior year.
In terms of operational metrics, ModuLink's current assets fell to $519,164 as of March 31, 2026, down from $616,427 at the end of 2025. Current liabilities increased to $835,056, resulting in a working capital deficit of $315,892. The company has not made any cash distributions to shareholders and does not anticipate doing so in the near future, as it focuses on reinvesting earnings to support growth and innovation. The accumulated deficit has now reached $4,328,716, raising concerns about the company's ability to continue as a going concern without additional funding.
Strategically, ModuLink has been active in expanding its business through acquisitions and product development. Notably, the company completed the acquisition of a 60% equity interest in ASA Robotics Limited, a Hong Kong-based company specializing in robotics and intelligent automation solutions, on April 23, 2026. This acquisition is expected to enhance ModuLink's capabilities in AI-enabled healthcare and institutional support environments. Additionally, the company is preparing to launch its AWG 2.0 product, designed for home and office use, with an early-bird program set for June 2026.
Looking ahead, ModuLink is focused on securing additional funding to support its operations and expansion plans. The company is actively pursuing equity financing and exploring new development projects, particularly in property development and AI healthcare solutions. Management believes that if it can raise approximately $5 million through private placement financing, it will be positioned to commence its modular housing projects within the next twelve months. However, the company acknowledges that its ability to continue operations is contingent upon obtaining this funding and the ongoing financial support from its major shareholders.
About International Endeavors Corp
International Endeavors Corporation develops and manages wine-themed tourism, including vineyard development, private label wine production, and RV and glamping accommodations in California's Temecula wine country. The company offers wine tours, grape sales, and private labeled wines, leveraging regional tourism and wine industry growth. Its business model integrates land acquisition, hospitality, and wine production to capitalize on the expanding U.S. wine market and wine tourism sector.
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