Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1123

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 1123
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1,239,603) 
     (926)
  
    Other income (expense) 
     1,567,543  
     1,389,796  
     177,747 
  
    Total other income (expense) 
    $390,637  
    $405,402  
    $(14,765)

We
recorded other income of $390,637 for the year ended December 31, 2024, which was a decrease of $14,765, or 4%, from the prior year
other income of $405,402. The change is due to a realized gain on cryptocurrency in the current period of $452 thousand compared to a realized
gain of $255 thousand in the prior year and an increase in other income in the current period of $178 thousand, as we recognized
more interest income in the current period due to our cash balances being held in higher interest-bearing accounts, as compared to the
equivalent prior year period, and as a result of an increase in ticket sales from certain promotional events iGenius held during the
years ended December 31, 2024 and 2023. These increases were offset by a loss on settlement in the current year with the SEC to resolve the SEC inquiry previously disclosed by the Company in November 2021.

Liquidity
and Capital Resources

During the year ended December 31, 2024, we met our short-and long-term
working capital and capital expenditure requirements. Our net cash provided by operating activities for the year ended December 31, 2024,
was $8.3 million. We used our cash provided by operating activities for the acquisition of substantially all the assets of Renu Labs for $1.1 million, the purchase of fixed assets in the amount of $0.5 million, principal and interest payments on debt of $1.3 million,
the repurchase of common shares totaling $3.4 million, total dividend payments on our preferred stock of $0.7 million and added $1.3 million
to our cash balance, which totaled $22.5 million at December 31, 2024. We believe we will have sufficient resources, including cash flow
from operations and access to capital markets, to meet debt service and other obligations in a timely manner and be able to meet our objectives.

Trends,
Risks, and Uncertainties

During
2024, we experienced a material contraction in the revenues generated by our Financial Education and