Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1363

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 1363
---
 2025. Utilization of some of the federal and state net operating
losses carryforwards are subject to annual limitations due to the “change in ownership” provisions of the Internal
Revenue Code of 1986 and similar state provisions. The annual limitations may result in the expiration of net operating losses
before utilization.

The
Company will recognize penalties and interest accrued related to unrecognized tax benefits as a component of income taxes. As of December
31, 2024, the Company had $18,764 of accrued interest and penalties related to state income tax uncertain tax positions, in which $4,144
has been recognized in the Company’s statements of operations in the current year.

The
Company is required to file income tax returns in various States. The Company is subject to income tax examinations by federal and state
taxing authorities. The taxable years that are open under federal and state statute of limitations are 2020 through 2024. Due to net
operating loss carryforwards that remain unutilized, such loss carryforwards remain subject to review until utilized.

A
reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

 SCHEDULE
OF UNRECOGNIZED TAX BENEFITS

    Year ended
                                                                                December
31, 2024  
    Year
ended
                                                                               December 31, 2023 
  
    Balance at the beginning
    of the year 
     -  
     - 
  
    Increases
    related to positions taken in prior years 
     26,768  
       - 
  
    Balance
    at the end of the year 
    $26,768  
    $- 

NOTE
14 – SUBSEQUENT EVENTS

In
accordance with ASC Topic 855, Subsequent Events, we have evaluated subsequent events through the date of this filing and have determined
that the following events require disclosure.

On
or about February 28, 2025, the Company and DBR Capital entered into an amendment to the Securities Purchase Agreement (the
“Amendment”), approved by the disinterested members of the Company’s Board of Directors. Pursuant to the
Amendment, DBR has been given until August 31,2025 to lend to the Company a minimum of $2.0
million, and until December 31, 2026 to lend to the Company the balance of up to $5.7
million. The Amendment also substantially