Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 13

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---
) 
    2025  
    2024 
  
    Furniture, fixtures, and equipment 
    10 
    $717  
    $717 
  
    Computer equipment 
    3 
     32,360  
     28,571 
  
    Data processing equipment 
    3 
     11,824,560  
     11,824,560 
  
    Manufacturing equipment 
    3-25 
     1,481,822  
     1,161,701 

     13,339,459  
     13,015,549 
  
    Accumulated depreciation 
      
     (11,371,410) 
     (11,147,108)
  
    Net book value 
      
    $1,968,049  
    $1,868,441 

Total depreciation expense for the three months ended
March 31, 2025 and 2024, was $224,302 and $1,178,430, respectively.

Digital Assets

Digital assets are included in non-current assets
on the Consolidated Balance Sheets due to the Company’s intent to retain and hold bitcoin. Proceeds from the sale of digital assets
and the purchase of digital assets are included within investing activities in the accompanying Consolidated Statement of Cash Flows.
Digital Assets awarded to the Company through its mining activities and collected for membership revenue are accounted for in connection
with the Company’s revenue recognition policy. Following the adoption of ASU 2023-08 effective January 1, 2025, the Company measures
digital assets at fair value with changes recognized in other income (expense) 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.

    9

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF March 31, 2025

(Unaudited)

Goodwill

Goodwill represents the excess of the purchase price
over the fair value of the net assets acquired in a business combination. Goodwill is not subject to amortization, and instead, assessed
for impairment annually at the end of each fiscal year, or