Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 14

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 processors 
    $310,728  
    $318,921 
  
    Held in reserve by merchant processors for future returns and chargebacks [1] 
     1,871,345  
     1,872,035 
  
    Due from payout service providers 
     41,222  
     296,558 
  
    Accounts and other receivables 
     304,507  
     47,213 
  
    Receivable, gross 
     2,527,802  
     2,534,727 
  
    Allowance for doubtful accounts 
     -  
     - 
  
    Receivables 
    $2,527,802  
    $2,534,727 

    [1]
    We
    have  had to pursue collection efforts through litigation against one of our credit card processors and its clearing bank,
    as we have been unable to timely collect such amounts due through our normal course credit collection practices. See “NOTE
    11 - Commitments and Contingencies.”

Fixed
Assets

Fixed
assets are stated at cost and depreciated using the straight-line method over their estimated useful lives. When retired or otherwise
disposed, the carrying value and accumulated depreciation of the fixed asset is removed from its respective accounts and the net difference
less any amount realized from disposition is reflected in earnings. Expenditures for maintenance and repairs, which do not extend the
useful lives of the related assets, are expensed as incurred.

Fixed
assets were made up of the following at each balance sheet date:

 SCHEDULE OF FIXED ASSETS

    Estimated  

    Useful  

    Life  
    June 30,  
    December 31, 

    (years)  
    2025  
    2024 
  
    Furniture, fixtures, and equipment 
     10  
    $4,790  
    $717 
  
    Computer equipment 
     3  
     35,455  
     28,571 
  
    Data processing equipment 
     3  
     8,136,851  
     11,824,560 
  
    Manufacturing equipment 
     3-25  
     1,292,641  
     1,161,701 

     9,469,737  
     13,015,549 
  
    Accumulated depreciation