Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 133

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7A
Chunk 133
---
ES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

Impairment
of Long-Lived Assets

We
account for the impairment of our long-lived assets in accordance with ASC Subtopic 360-10, Property, Plant and Equipment (“ASC
360-10”). ASC 360-10 requires that long-lived assets and certain identifiable intangibles held and used by the Company be reviewed
for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable or when
the historical cost carrying value of an asset may no longer be appropriate. Events relating to recoverability may include significant
unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over
an extended period.

We
evaluate the recoverability of long-lived assets based upon future net cash flows expected to result from the asset, including eventual
disposition. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted and an impairment loss
is recorded equal to the difference between the asset’s carrying value and fair value or disposable value.

During
the year ended December 31, 2024, data processing equipment which is our bitcoin miners were impaired $1,771,891. The impairment was due to the carrying value of
our data processing equipment exceeding its fair value which was determined using the price that similar equipment would sell for in
the open market. During the year ended December 31, 2023, no impairment was recorded.

Fair
Value of Financial Instruments

Fair
value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date, based on our principal or, in the absence of a principal, most advantageous market for the
specific asset or liability.

U.S.
generally accepted accounting principles provide for a three-level hierarchy of inputs to valuation techniques used to measure fair value,
defined as follows:

  Level 1:
  Inputs that are quoted prices
  (unadjusted) for identical assets or liabilities in active markets that the entity can access.

  Level 2:
  Inputs other than quoted
  prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the
  full term of the asset or liability, including:

-quoted
                                            prices for similar assets or liabilities in active markets;

-quoted