Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 212

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 212
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 2021, we filed a name change for Kuvera, LLC to iGenius, LLC (“iGenius”) and on February 2, 2021, we filed a
name change for Kuvera (N.I.) Limited to iGenius Global LTD.

On
September 20, 2021, the Board of Directors approved a change in our fiscal year from March 31 to December 31.

Nature
of Business

We operate a diversified financial technology services company offering multiple business units across key sectors, including a financial
education division offering tools, products and content through a global network of independent distributors; a manufacturing division
focused on proprietary over-the-counter aesthetics, health, nutrition and cognitive wellness products for wholesale and retail markets,
with strategic plans for global expansion: an early-stage online trading platform that intends to offer self-directed retail brokerage
services; and a business unit that owns and operates a sustainable blockchain business focused on bitcoin mining.

NOTE
2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of Accounting

Our
policy is to prepare our financial statements on the accrual basis of
accounting in accordance with accounting principles generally accepted in the United States
of America.

Principles
of Consolidation

The
consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries: iGenius, LLC, SAFETek,
LLC, Investview Financial Group Holdings, LLC, Opencash Finance, Inc., Opencash Securities, LLC, Investview MTS, LLC, myLife Wellness
Company, Renu Laboratories LLC, and Goldman’s Pharmaceuticals LLC. The Company also owns 50% of ELRT Technologies, LLC, which has
been included in the consolidated financial statements and the Company has recorded a noncontrolling interest for the 50% interest that
it does not own. All intercompany transactions and balances have been eliminated in consolidation.

    F-7

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

Operating
Segments

Operating
segments are defined as components of an entity for which separate financial information is available that is regularly reviewed by the
chief operating decision maker (“CODM”). The CODM is composed of several members of its executive management team, including
the CEO, President and COO and the CFO. The CODM uses segment net income from operations to assess the performance of