Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 127

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 127
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 payment is received
at the time of purchase. We recognize membership revenue in accordance with ASC 606-10 where revenue is measured based on a consideration
specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance
obligation is to provide our tools, products, and content over a fixed membership period; therefore, we recognize revenue ratably over
the membership period and deferred revenue is recorded for the portion of the membership period subsequent to each reporting date. Additionally,
we offer a designated trial period to first-time membership customers, during which a full refund can be requested if a customer does
not wish to continue with the membership. Revenues are deferred during the trial period as collection is not probable until that time
has passed. Revenues are presented net of refunds, sales incentives, credits, and known and estimated credit card chargebacks. As of March
31, 2025 and December 31, 2024, our deferred revenues for membership revenue were $1,852,839 and $1,905,734, respectively.

32

Mining Revenue

We generate revenue from mining bitcoin. The Company
has entered into a digital asset mining pool by executing a contract, as amended from time to time, with the mining pool operator to provide
computing power to the mining pool. The contract is terminable at any time by either party without penalty. Further, since the contract
is continuously renewing, second by second, the mining contract is considered to have a duration of less than 24 hours for accounting
purposes. The Company’s enforceable right to compensation only begins when the Company provides computing power to the mining pool
operator. In exchange for providing computing power, we are entitled to a Full-Pay-Per-Share payout of Bitcoin based on a contractual
formula, which calculates our share of block rewards, transaction fees, and mining pool operator fees. We are entitled to consideration
even if a block is not successfully placed by the mining pool operator.

Providing computing power to solve complex cryptographic
algorithms in support of the Bitcoin blockchain (in a process known as “solving a block”) is an output of the Company’s
ordinary activities. The provision of providing such computing power is the only performance obligation in the Company’s contract
with the mining pool operator. The transaction consideration the Company receives is net of a contractually agreed upon mining pool operator
fee charged and kept by the mining pool operator and is noncash, in the form of