Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1047

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 16
Chunk 1047
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 December 2024. At the extension of the Haverford Lease, right-of-use assets
obtained in exchange for new operating lease liabilities amounted to $172,042. On August 7, 2024, the term of the Haverford Lease was
extended through December 31, 2025.

At
commencement of the Warminster Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $108,327.
The Warminster Lease will automatically terminate after the 14-month term.

At
commencement of the Ivyland Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $115,037.
The Ivyland Lease will automatically terminate after the 24-month term.

Operating
lease expense was $130,710 for the year ended December 31, 2024. Operating cash flows used for the operating leases during the year ended
December 31, 2024, was $135,809. As of December 31, 2024, the weighted average remaining lease term was 1.48 years, and the weighted average
discount rate was 12%.

Future
minimum lease payments under non-cancellable leases as of December 31, 2024, were as follows:

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE LEASES

    2025 
    $171,148 
  
    2026 
     61,057 
  
    Total 
     232,205 
  
    Less:
    Interest 
     (20,065)
  
    Present value of lease
    liability 
     212,140 
  
    Operating
    lease liability, current [1] 
     (165,707)
  
    Operating
    lease liability, long term 
    $46,433 

    [1]
    Represents
    lease payments to be made in the next 12 months.

NOTE
9 – STOCKHOLDERS’ EQUITY

Preferred
Stock

We
are authorized to issue up to 50,000,000 shares of preferred stock with a par value of $0.001 and our board of directors has the authority
to issue one or more classes of preferred stock with rights senior to those of common stock and to determine the rights, privileges,
and preferences of that preferred stock.

Our
Board of Directors approved the designation of 2,000,000 of the Company’s shares of preferred stock as