Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 19

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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, we recognize revenue ratably over
the membership period and deferred revenue is recorded for the portion of the membership period subsequent to each reporting date. Additionally,
we offer a designated trial period to first-time membership customers, during which a full refund can be requested if a customer does
not wish to continue with the membership. Revenues are deferred during the trial period as collection is not probable until that time
has passed. Revenues are presented net of refunds, sales incentives, credits, and known and estimated credit card chargebacks. As of
June 30, 2025, and December 31, 2024, our deferred revenues for membership revenue were $1,480,598 and $1,905,734, respectively.

Mining
Revenue

We
generate revenue from mining bitcoin. The Company has entered into a digital asset mining pool by executing a contract, as amended from
time to time, with the mining pool operator to provide computing power to the mining pool. The contract is terminable at any time by
either party without penalty. Further, since the contract is continuously renewing, second by second, the mining contract is considered
to have a duration of less than 24 hours for accounting purposes. The Company’s enforceable right to compensation only begins when
the Company provides computing power to the mining pool operator. In exchange for providing computing power, we are entitled to a Full-Pay-Per-Share
payout of Bitcoin based on a contractual formula, which calculates our share of block rewards, transaction fees, and mining pool operator
fees. We are entitled to consideration even if a block is not successfully placed by the mining pool operator.

Providing
computing power to solve complex cryptographic algorithms in support of the Bitcoin blockchain (in a process known as “solving
a block”) is an output of the Company’s ordinary activities. The provision of providing such computing power is the only
performance obligation in the Company’s contract with the mining pool operator. The transaction consideration the Company receives
is net of a contractually agreed upon mining pool operator fee charged and kept by the mining pool operator and is noncash, in the form
of Bitcoin. Given that the contract is continuously renewing, and the duration is considered to be less than 24 hours, the Company measures
the transaction consideration at fair value on the date Bitcoin is received. The consideration is variable. The amount of consideration
recognized is constrained to the amount of consideration received, which is when it is probable a significant reversal will not