Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 11

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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, Investview Financial Group Holdings, LLC,
Opencash Finance, Inc., Opencash Securities, LLC, Investview MTS, LLC, myLife Wellness Company, Renu Laboratories LLC, and Goldman’s
Pharmaceuticals LLC. The Company also owns 50% of ELRT Technologies, LLC, which has been included in the consolidated financial statements
and the Company has recorded a noncontrolling interest for the 50% interest that it does not own. All intercompany transactions and balances
have been eliminated in consolidation.

Operating Segments

Operating segments are defined as components of an
entity for which separate financial information is available that is regularly reviewed by the chief operating decision maker (“CODM”).
The CODM is composed of several members of its executive management team, including the CEO, President and COO, and the CFO. The CODM
uses segment net income from operations to assess the performance of, manage the operations of, and allocate capital and operational resources
to the Company’s three reportable segments.

Financial Statement Reclassification

Certain account balances from prior periods have been
reclassified in these consolidated financial statements to conform to current period classifications.

Use of Estimates

The preparation of these financial statements in conformity
with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts
of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Concentration of Credit Risk

Financial instruments that potentially expose us to
concentration of credit risk include cash, accounts receivable, and advances. We place our cash and temporary cash investments with credit
quality institutions. At times, such investments may be in excess of the FDIC insurance limit of $250,000. As of March 31, 2025 and December
31, 2024, cash balances that exceeded FDIC limits were $11,306,081 and $10,837,830, respectively. We have not experienced significant
losses relating to these concentrations in the past.

Cash Equivalents 

For purposes of reporting cash flows, we consider
all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. As of March 31, 2025 and
December 31, 2024, we had no cash equivalents.

Receivables

Receivables are carried at net realizable value, representing
the outstanding balance