Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 26

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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, we use our incremental borrowing rate based on
the information available at commencement date in determining the present value of lease payments. We have elected to not apply the recognition
requirements of ASC Topic 842, Leases, to short-term leases (leases with terms of twelve months or less). Lease terms include options
to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for operating lease arrangements
is recognized on a straight-line basis over the lease term. We have elected the practical expedient and will not separate non-lease components
from lease components and will instead account for each separate lease component and non-lease component associated with the lease components
as a single lease component.

NOTE
3 – RECENT ACCOUNTING PRONOUNCEMENTS

In
December 2023, the FASB issued ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting
for and Disclosure of Crypto Assets (“ASU 2023-08”). The amendments in ASU 2023-08 are intended to improve the accounting
for certain crypto assets by requiring an entity to measure those crypto assets at fair value each reporting period with changes in fair
value recognized in net income. The amendments also improve the information provided to investors about an entity’s crypto asset
holdings by requiring disclosure about significant holdings, contractual sale restrictions, and changes during the reporting period.
The amendments are effective for all entities for fiscal years beginning after December 15, 2024, including interim periods within those
fiscal years. The Company adopted ASU 2023-08 for the year ended December 31, 2025, effective as of January 1, 2025, which had a material
impact on the financial statements.

In
December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”).
ASU 2023-09 expands existing income tax disclosures for rate reconciliations by requiring disclosure of certain specific categories and
additional reconciling items that meet quantitative thresholds and expands disclosures for income taxes paid by requiring disaggregation
by certain jurisdictions. ASU 2023-09 is effective for annual periods beginning after December 15, 2024; early adoption is permitted.
The Company adopted ASU 2023-09 for the year ended December