Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 298

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9
Chunk 298
---
ceivables

Receivables
are carried at net realizable value, representing the outstanding balance less an allowance for doubtful accounts based on a review of
all outstanding amounts. Management determines the allowance for doubtful accounts by regularly evaluating individual receivables and
receivables are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded when received.

    F-8

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

Receivables
were made up of the following as of each balance sheet date:

 SCHEDULE
OF RECEIVABLES

    December 31,  
    December 31, 

    2024  
    2023 
  
    Due from merchant
    processors 
    $318,921  
    $1,732,456 
  
    Held in reserve by merchant
    processors for future returns and chargebacks [1] 
     1,872,035  
     1,219,342 
  
    Due from payout service
    providers 
     296,558  
     3,251 
  
    Accounts
    and other receivables 
     47,213  
     - 
  
     Receivable, gross 
     2,534,727  
     2,955,049 
  
    Allowance
    for doubtful accounts 
     -  
     (722,324)
  
    Receivables 
    $2,534,727  
    $2,232,725 

[1]We
                                            have recently had to pursue collection efforts through litigation against one of our credit
                                            card processors and its clearing bank, as efforts to collect approximately $1.87 million
                                            of our credit card receivables has not proven timely. See “NOTE 10-Commitments and
                                            Contingencies.”

Fixed
Assets

Fixed
assets are stated at cost and depreciated using the straight-line method over their estimated useful lives. When retired or otherwise
disposed, the carrying value and accumulated depreciation of the fixed asset is removed from its respective accounts and the net difference
less any amount realized from disposition is reflected in earnings. Expenditures for maintenance and repairs, which do not extend the
useful lives of the related assets are expensed as incurred.

Fixed
assets were made