Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1703

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 1703
---
785  
    $11,348,156  
    $23,378  
    $72,879,156 
  
    Refunds, incentives, credits, and chargebacks 
     (4,480,784) 
     -  
     -  
     -  
     (4,480,784)
  
    Amounts paid to supplier 
     -  
     (477,500) 
     -  
     -  
     (477,500)
  
    Net revenue 
    $56,036,052  
    $513,285  
    $11,348,156  
    $23,378  
    $67,920,871 

Foreign
revenues for the year ended December 31, 2023 were approximately $51.0 million while domestic revenue for the year ended December 31,
2023 was approximately $16.9 million.

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. The amendments in ASU No. 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. Early adoption
is permitted for both interim and annual financial statements that have not yet been issued (or made available for issuance). If an entity
adopts the amendments in an interim period, it must adopt them as of the beginning of the fiscal year that includes that interim period.
ASU No. 2023-08 requires a cumulative-effect adjustment to the opening balance of retained earnings (or other appropriate components
of equity or net assets) as of the beginning of the annual reporting period in which an entity adopts the amendments. The Company has
not yet adopted ASU No. 2023-08 and is currently evaluating the impact that the adoption will have on the Company’s financial statement