Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 5

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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    Commissions 
     13,260,667  
     19,988,364  
     (6,727,697)
  
    Selling and marketing 
     543,214  
     548,559  
     (5,345)
  
    Salary and related 
     5,202,824  
     4,859,463  
     343,361 
  
    Professional fees 
     1,554,123  
     1,201,406  
     352,717 
  
    Impairment expense 
     -  
     977,418  
     (977,418)
  
    Gain (loss) on disposal of assets 
     (113,251) 
     180,223  
     (293,474)
  
    General and administrative 
     3,966,771  
     6,435,522  
     (2,468,751)
  
    Total operating costs and expenses 
    $30,574,558  
    $38,894,468  
    $(8,319,910)

Operating
costs decreased $8,319,910 or (21%), from $38,894,468 for the nine months ended September 30, 2024, to $30,574,558 for the nine
months ended September 30, 2025. The decrease can be explained by a reduction in commissions of $6.7 million, which was a result of
a decrease in our membership revenue, a reduction in general and administrative expenses of $2.5 million, which was a result of
decreases in credit card processing fees due to the decreases in our membership revenue, a decrease in depreciation related to our
mining equipment, partially offset by an increase in contract services, and a $113 thousand loss on the sale of mining equipment.
Additionally, there was a decrease of $977 thousand in impairment expense related to our mining equipment in 2024. These decreases
were partially offset by an increase in compensation of $343 thousand, increases in professional fees of $353 thousand, and an
increase in the cost of sales and services of $1.5 million, which was a result of the acquisition of our health, beauty, and
wellness business that was acquired in October of 2024.

Other
Income and Expenses

    Nine Months Ended September 30,