Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 22

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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    13

INVESTVIEW,
INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS
OF JUNE 30, 2025

(Unaudited)

Revenue
generated for the six months ended June 30, 2024, was as follows:

    Membership Revenue  
    Mining Revenue  
    Total 
  
    Gross billings/receipts 
    $26,557,528  
    $3,721,376  
    $30,278,904 
  
    Refunds, incentives, credits, and chargebacks 
     (1,500,306) 
     -  
     (1,500,306)
  
    Net revenue 
    $25,057,222  
    $3,721,376  
    $28,778,598 

Foreign
revenues for the six months ended June 30, 2024, were approximately $22.9 million while domestic revenue for the six months ended June
30, 2024 was approximately $5.9 million.

Advertising,
Selling and Marketing Costs

We
expense advertising, selling, and marketing costs as incurred. Advertising, selling, and marketing costs include costs of promoting our
product worldwide, including promotional events. Advertising, selling, and marketing expenses for the six months ended June 30, 2025,
and 2024, totaled $186,658 and $531,808, respectively.

Cost
of Sales and Service

Included
in our costs of sales and services is amounts paid to our trading and market experts that provide financial education content and tools
to our membership customers, hosting and electricity fees that we pay to vendors to set up our mining equipment at third-party sites
in order to generate mining revenue, and the raw material and manufacturing costs of our health and wellness product sales. Costs of
sales and services for the six months ended June 30, 2025 and 2024, totaled $4,006,686 and $3,445,944, respectively.

Inventory

Inventory
consists of raw materials, work in progress, and finished goods to be sold as part of our health and wellness product sales. Inventory
is valued at the lower of cost or net realizable value using the first-in, first-out (FIFO) method and is inclusive of any shipping and
tax costs.

Inventory
was made up of the following at each balance sheet date:

SCHEDULE
OF IN