Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1697

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 1697
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 vendor), and in recognition of the
customers’ acceptance of their participation in the program, we do not believe that we have any legal responsibility to cover
any potential claims of customers who participated in the TPP Program. There is, however, a risk that any failure of TPP to perform
its obligations to our customers could expose us to commercial claims of dissatisfied customers, regardless of the legal foundation
associated therewith. The possible assertion of those claims could have an adverse effect on our business, financial condition, and
operating results.

Debt and Equity Transactions with
Former Officer

Beginning
in March 2021, we engaged in certain debt and equity transactions with Joseph Cammarata, who served as an officer and director of the
Company from December 2019 through his termination for cause on or about December 7, 2021, certain of which have exposed the Company to
the uncertainty of possible claims in the future. For additional information, please see Note 10, “Commitments and Contingencies”
to our audited consolidated financial statements appearing elsewhere in this Annual Report on Form 10-K.

Critical
Accounting Policies

The
preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the United States
requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure
of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we
believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions.
While there are several significant accounting policies affecting our consolidated financial statements; we believe the following critical
accounting policies involve the most complex, difficult, and subjective estimates and judgments.

29

Basis
of Accounting

Our
policy is to prepare our financial statements on the accrual basis of accounting in accordance with accounting principles generally accepted
in the United States of America.

Principles
of Consolidation

The
consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries: iGenius, LLC, SAFETek,
LLC, Investview Financial Group Holdings, LLC, Opencash Finance, Inc., Opencash Securities, LLC, Investview MTS, LLC, myLife Wellness
Company, Renu Laboratories LLC, and Goldman’s Pharmaceuticals LLC. The Company also owns 50% of ELRT Technologies, LLC, which has
been included in the consolidated financial statements and