Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 391

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9A
Chunk 391
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 $10,736,709, respectively.

Inventory

As
of December 31, 2024, inventory consists of raw materials, work in progress, and finished goods to be sold as part of our health and
wellness product sales. Inventory is valued at the lower of cost or net realizable value using the first-in, first-out (FIFO) method
and is inclusive of any shipping and tax costs.

Due
to the discontinuation of our miner repair business during the quarter ended June 30, 2023, all related inventory was sold. During the
year ended December 31, 2023, we recognized a loss on disposal of assets of $174,835.

As
of December 31, 2024 and 2023 the net realizable value of our inventory was $495,865 and $0, respectively.

Income
Taxes

We
have adopted ASC Subtopic 740-10, Income Taxes, which requires the recognition of deferred tax liabilities and assets for the expected
future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax
liabilities and assets are determined based on the difference between financial statements and tax basis of assets and liabilities using
enacted tax rates in effect for the year in which the differences are expected to reverse.

Net
Income (Loss) per Share

We
follow ASC Subtopic 260-10, Earnings per Share, which specifies the computation, presentation, and disclosure requirements of earnings
per share information. Basic loss per share has been calculated based upon the weighted average number of common shares outstanding.
Diluted income (loss) per share reflects the potential dilution that could occur if stock options or other contracts to issue common
stock were exercised or converted during the period. Dilutive securities having an anti-dilutive effect on diluted earnings per share
are excluded from the calculation.

The
following table illustrates the computation of diluted earnings per share for the years ended December 31, 2024 and 2023.

SCHEDULE OF DILUTED EARNINGS PER SHARE 

    December
    31,
2024  
    December
    31,
2023 
  
    Net income 
    $1,190,416  
     2,831,920 
  
    Less: preferred dividends 
     (819,340) 
     (819,340)
  
    Add:
    interest expense on convertible debt 
     900