No power from Breadboard Power Supply Module Components

Breadboard Power Supply Module IM120525004
1 kOhm resistor
Green LED
Arduino Nano
LiPo 7.4V battery

LED Lights Up Fine with USB power from the Arduino

LED Does Not Light Up with power from the Supply Module


What am I doing wrong?

The Lipo battery is brand new and is charged as the terminals showed about 7.6V on my multimeter. This is confirmed by the LED on the supply module itself lighting up fine.
I think I can smell just a little bit of burn whenever the supply module is connected and there is power in the circuit.
The positive jumper wire is connected to the 5V VCC pin on the Arduino, not the VIN pin on the Arduino, not that it matters, because if I remove the Arduino from the breadboard the LED still does not light up
I'm not surprised you can smell burning. You have the power supply connected backwards.

You see that little + and - symbol next to the ON/OFF jumper? That's the polarity of the two runs of pins. You have the + row connected to the - rail of your breadboard (blue) and the - row connected to the (red) positive rail.

Turn the power supply around 180° and connect it to the other end of the breadboard - the rails will be the other way around then.