Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1883

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 1883
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, and in an effort to advance the interests of our customers, on March 28, 2025, we commenced an action against
Total Protection Plus, UIU Holdings LLC, Jason R. Anderson, Jacob S. Anderson, and Schad E. Brannon (collectively, “TPP”),
in the Court of Chancery of the State of Delaware captioned Investview et al., v. UIU Holdings, LLC et al., seeking to, among other things,
compel TPP to fulfill the commitments that were made to the Company’s customers under the TPP Program.

We cannot ensure that TPP will comply with its contractual commitments
to our customers, in which case these customers may not be able to realize the cash payouts promised by TPP, despite the substantial payments
made to TPP to secure the benefits of the TPP Program. As the direct responsibility for compliance with the TPP Program resides with TPP;
particularly as the program was underwritten, managed and administered by TPP as an independent third-party vendor (and with respect to
ndau, the underlying ndau was developed and marketed by an additional third-party vendor), and in recognition of the customers’
acceptance of their participation in the program, we do not believe that we have any legal responsibility to cover any potential claims
of customers who participated in the TPP Program. There is, however, a risk that any failure of TPP to perform its obligations to our
customers could expose us to commercial claims of dissatisfied customers, regardless of the legal foundation associated therewith. The
possible assertion of those claims could have an adverse effect on our business, financial condition, and operating results.

    F-21

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

The
Company’s financial statements as of December 31, 2024, reflect a receivables balance of $2.53 million. Of that balance, $2.19
million represents receivables that arise out of credit card transactions generated by the Company’s iGenius subsidiary. The credit
card transactions that arise out of the ordinary course operations of the Company’s iGenius subsidiary are processed by the Company’s
credit card processors, in conjunction with their clearing banks. Over time, the balance of credit card collections being held by one
of our credit card processors and its clearing bank, which are legally supposed to be held for the benefit of the Company, subject to
coverage for