Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 89

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 provide financial education content and tools
to our membership customers, hosting and electricity fees that we pay to vendors to set up our mining equipment at third-party sites
in order to generate mining revenue, and the raw material and manufacturing costs of our health and wellness product sales. Costs of
sales and services for the six months ended June 30, 2025 and 2024, totaled $4,006,686 and $3,445,944, respectively.

Inventory

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.

Inventory
was made up of the following at each balance sheet date:

SCHEDULE
OF INVENTORY

    June 30,  
    December 31, 

    2025  
    2024 
  
    Finished goods 
    $37,549  
    $27,802 
  
    Work in process 
     138,158  
     312 
  
    Raw materials 
     885,890  
     467,751 
  
    Inventory 
    $1,061,597  
    $495,865 

Income
Taxes

Income
taxes are recorded in accordance with ASC Topic 740, 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,
including operating losses and credit carryforwards, using enacted tax rates in effect for the year in which the differences are expected
to reverse.

Management
judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities, and any valuation allowance
recorded against our deferred tax assets. Deferred tax assets are reduced by a valuation allowance if, based on the consideration of
all available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Changes in assumptions
in future periods may require we adjust our valuation allowance, which could materially impact our financial position and results of
operations. The Company recognizes the benefit of an uncertain tax position that it has taken or expects to take on its income