Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1031

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 16
Chunk 1031
---
 deemed to have an indefinite useful life; therefore, amounts are not amortized, but rather
are assessed for impairment as further discussed in our impairment policy. Under ASC Subtopic 350-30 any intangible asset with a useful
life is required to be amortized over that life and the useful life is to be evaluated every reporting period to determine whether events
or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining
carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. Costs of internally developing,
maintaining, or restoring intangible assets are recognized as an expense when incurred.

We
hold cryptocurrency-denominated assets and include them in our consolidated balance sheet as other assets. The value of our cryptocurrencies
as of December 31, 2024 and December 31, 2023, were $1,127,891 and $585,632, respectively. Cryptocurrencies purchased or received for
payment from customers are recorded in accordance with ASC 350-30 and cryptocurrencies awarded to the Company through its mining activities
($5,186,606 and $11,348,156 for the year ended December 31, 2024 and 2023, respectively) are accounted for in connection with the Company’s
revenue recognition policy. The use of cryptocurrencies is accounted for in accordance with the first in first out method of accounting.
For the year ended December 31, 2024 and 2023, we recorded realized gains (losses) on our cryptocurrency transactions of $452,450 and
$255,268, respectively. For the year ended December 31, 2023, we recognized impairment expense related to our cryptocurrency holdings
of $2,056,386. The impairment was due to carrying value of our ndau coins exceeding its fair value what was deemed $0 due to NDAU having
no trade volume and not being listed on an exchange as of December 31, 2023.

    F-9

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

Impairment
of Long-Lived Assets

We
account for the impairment of our long-lived assets in accordance with ASC Subtopic 360-10, Property, Plant and Equipment (“ASC
360-10”). ASC 360-10 requires that long-lived assets and certain identifiable intangibles held