Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 15

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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     (7,915,269) 
     (11,147,108)
  
    Net book value 
        
    $1,554,468  
    $1,868,441 

Total
depreciation expense for the six months ended June 30, 2025 and 2024, was $424,644 and $2,301,620, respectively. During the six months
ended June 30, 2025, we sold assets with a total net book value of $31,227 for digital assets worth $123,064, therefore recognized a
gain on disposal of assets of $91,837. During the six months ended June 30, 2024, we recognized a loss on disposal of assets with a net
book value of $180,223.

Digital
Assets

Digital
assets are included in non-current assets on the Consolidated Balance Sheets due to the Company’s intent to retain and hold bitcoin.
Proceeds from the sale of digital assets and the purchase of digital assets are included within investing activities in the accompanying
Consolidated Statement of Cash Flows. Digital Assets awarded to the Company through its mining activities and collected for membership
revenue are accounted for in connection with the Company’s revenue recognition policy. Following the adoption of Accounting Standards
Update (“ASU”) 2023-08 effective January 1, 2025, the Company measures digital assets at fair value with changes recognized
in other income (expense) in the Consolidated Statement of Operations. The Company tracks its cost basis of digital assets by-wallet
in accordance with the first-in-first-out (“FIFO”) method of accounting. Refer to “NOTE 5 – DIGITAL ASSETS”,
for further information regarding the Company’s impact of the adoption of ASU 2023-08, as defined below.

    9

INVESTVIEW,
INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS
OF JUNE 30, 2025

(Unaudited)

Goodwill

Goodwill
represents the excess of the purchase price over the fair value of the net assets acquired in a business combination. Goodwill is not
subject to amortization, and instead, assessed for impairment annually at the end of each fiscal year, or more frequently when events
or changes in circumstances indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying
amount in accordance with