Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 110

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 assets at fair value with changes recognized in operating expenses in the Consolidated Statement of Operations. The Company tracks
its cost basis of digital assets by-wallet in accordance with the first-in-first-out (“FIFO”) method of accounting. Refer
to “NOTE 5 – DIGITAL ASSETS”, for further information regarding the Company’s impact of the adoption of ASU 2023-08.

Intangible Assets

We account for our intangible assets in accordance
with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Subtopic 350-30,
General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC
Subtopic 350-30 requires assets to be measured based on the fair value of the consideration given or the fair value of the assets (or
net assets) acquired, whichever is more clearly evident and, thus, more reliably measurable. 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.

Impairment of Long-Lived Assets

We have adopted ASC Subtopic 360-10, Property, Plant and Equipment. ASC
360-10 requires that long-lived assets and certain identifiable intangibles held and used by us be reviewed for impairment whenever events
or changes in circumstances indicate that the carrying amount of an asset may not be recoverable or when the historical cost carrying
value of an asset may no longer be appropriate. Events relating to recoverability may include significant unfavorable changes in business
conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period.

We evaluate the recoverability of long-lived assets based upon future net
cash flows expected to result from the asset, including eventual disposition. Should impairment in value be indicated, the carrying value
of intangible assets will be adjusted and an impairment loss is recorded equal to the difference between the asset’s carrying value
and fair value or disposable value. During the three months ended March 31, 202