Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 153

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 153
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ability 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 six months
ended June 30, 2025, and 2024, no impairment was recorded.

Revenue
Recognition

Membership
Revenue

Most
of our revenue is generated by membership sales and payment is received at the time of purchase. We recognize membership revenue in accordance
with ASC Subtopic 606-10, Revenue from Contracts with Customers (“ASC 606-10”), where revenue is measured based on a consideration
specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance
obligation is to provide our tools, products, and content over a fixed membership period; therefore, we recognize revenue ratably over
the membership period and deferred revenue is recorded for the portion of the membership period subsequent to each reporting date. Additionally,
we offer a designated trial period to first-time membership customers, during which a full refund can be requested if a customer does
not wish to continue with the membership. Revenues are deferred during the trial period as collection is not probable until that time
has passed. Revenues are presented net of refunds, sales incentives, credits, and known and estimated credit card chargebacks. As of
June 30, 2025, and December 31, 2024, our deferred revenues for membership revenue were $1,480,598 and $1,905,734, respectively.

Mining
Revenue

We
generate revenue from mining bitcoin. The Company has entered into a digital asset mining pool by executing a contract, as amended from
time to time, with the mining pool operator to provide computing power to the mining pool. The contract is terminable at any time by
either party without penalty. Further, since the contract is continuously renewing, second by second, the mining contract is considered
to have a duration of less than 24 hours for accounting purposes. The Company’s enforceable right to compensation only begins when
the Company provides computing power to the mining pool operator. In exchange for providing computing power, we