Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 2105

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 2105
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 $(12,628,689)

Operating
costs decreased $12,628,689, or (20%), from $63,315,941 for the year ended December 31, 2023, to $50,687,252 for the year ended
December 31, 2024. The decrease can be explained by a reduction in commissions of $5.8 million, which was a result of a decrease in
our membership revenue, a decrease in cost of sales and services of $4.7 million, which was a result of a power curtailment mandated
by the government-controlled utility companies in Northern Europe, a decrease in salary and related of $486 thousand, which was a
result of a decrease in stock based compensation, a decrease in general and administrative expenses, which was a result of decreases
in credit card processing fees due to the decreases in our membership revenue and decreases in costs related to our mining
operations, and a decrease in impairment expense of $285 thousand due to impairment of our data processing equipment during the
current year being slightly less than the impairment of other assets in the prior year.

Other
Income (Expense)

    Year Ended December 31,  

    2024  
    2023  
    Change 

    Loss on Settlement 
    $(375,000) 
    $-  
    $(375,000)
  
    Gain (loss) on fair value of derivative liability 
     4,974  
     18,691  
     (13,717)
  
    Realized gain (loss) on cryptocurrency 
     452,450  
     255,268  
     197,182 
  
    Interest expense 
     (18,801) 
     (18,750) 
     (51)
  
    Interest expense, related parties 
     (1,240,529) 
     (1,239,603) 
     (926)
  
    Other income (expense) 
     1,567,543  
     1,389,796  
     177,747 
  
    Total other income (expense) 
    $390,637  
    $405,402  
    $(14,765)

We
recorded other income of $390,637 for the year ended December 31, 2024, which was a decrease of $14,765, or 4%, from the prior year
other income