Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 8

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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 in conformity with generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ
from those estimates.

Digital
Assets

Digital
assets are included in non-current assets on the Consolidated Balance Sheets due to the Company’s intent to retain and hold bitcoin.
Proceeds from the sale of digital assets and the purchase of digital assets are included within investing activities in the accompanying
Consolidated Statement of Cash Flows. Digital Assets awarded to the Company through its mining activities and collected for membership
revenue are accounted for in connection with the Company’s revenue recognition policy. Following the adoption of Accounting Standards
Update (“ASU”) 2023-08 effective January 1, 2025, the Company measures digital assets at fair value with changes recognized
in other income (expense) in the Consolidated Statement of Operations. The Company tracks its cost basis of digital assets by-wallet
in accordance with the first-in-first-out (“FIFO”) method of accounting. Refer to “NOTE 5 – DIGITAL ASSETS”,
in our financial statements for further information regarding the Company’s impact of the adoption of ASU 2023-08.

Intangible
Assets

We
account for our intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification
(“ASC”) Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment
or Disposal of Long-Lived Assets (“ASC 350-30”). ASC 350-30 requires assets to be measured based on the fair value of the
consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and, thus, more reliably
measurable. Under ASC 350-30 any intangible asset with a useful life is required to be amortized over that life and the useful life is
to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization.
If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised
remaining useful life. Costs of internally developing, maintaining, or restoring intangible assets are recognized as an expense when
incurred.

Impairment