Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1767

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 1767
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03”). ASU 2024-03 requires, in the notes to the financial statements, disclosures of specified
information about certain costs and expenses specified in the updated guidance. ASU 2024-03 is effective for annual reporting periods
beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The
Company did not elect early adoption and is evaluating the impact the updated guidance will have on its disclosures in 2026.

We
have noted no other recently issued accounting pronouncements that we have not yet adopted that we believe are applicable or would have
a material impact on our financial statements.

    F-14

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

NOTE
4 – LIQUIDITY

Our
financial statements are prepared using generally accepted accounting principles applicable to a going concern that contemplates the
realization of assets and liquidation of liabilities in the normal course of business.

During the year ended December 31, 2024, we met our short-and long-term
working capital and capital expenditure requirements. Our net cash provided by operating activities for the year ended December 31, 2024,
was $8.3 million. We used our cash provided by operating activities for the acquisition of substantially all the assets of Renu Labs for $1.1 million, the purchase of fixed assets in the amount of $0.5 million, principal and interest payments on debt of $1.3 million,
the repurchase of common shares totaling $3.4 million, total dividend payments on our preferred stock of $0.7 million and added $1.3 million
to our cash balance, which totaled $22.5 million at December 31, 2024. We believe we will have sufficient resources, including cash flow
from operations and access to capital markets, to meet debt service and other obligations in a timely manner and be able to meet our objectives.

NOTE
5 – RELATED PARTY TRANSACTIONS

Related
Party Debt

Our
related party debt consisted of the following:

SCHEDULE OF RELATED PARTY PAYABLES 

    December
    31,  
    December
    31, 

    2024  
    2023 
  
    Convertible
    Promissory Note entered into on 4/27/20, net of debt