Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 69

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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assets are stated at cost and depreciated using the straight-line method over their estimated useful lives. When retired or otherwise
disposed, the carrying value and accumulated depreciation of the fixed asset is removed from its respective accounts and the net difference
less any amount realized from disposition is reflected in earnings. Expenditures for maintenance and repairs, which do not extend the
useful lives of the related assets, are expensed as incurred.

Fixed
assets were made up of the following at each balance sheet date:

 SCHEDULE OF FIXED ASSETS

    Estimated 

    Useful 

    Life 
    September 30,  
    December 31, 

    (years) 
    2025  
    2024 
  
    Furniture, fixtures, and equipment 
    10 
    $8,214  
    $717 
  
    Computer equipment 
    3 
     36,847  
     28,571 
  
    Data processing equipment 
    3 
     7,381,111  
     11,824,560 
  
    Manufacturing equipment 
    3-25 
     1,660,643  
     1,161,701 

     9,086,815  
     13,015,549 
  
    Accumulated depreciation 
      
     (7,333,855) 
     (11,147,108)
  
    Net book value 
      
    $1,752,960  
    $1,868,441 

Total
depreciation expense for the nine months ended September 30, 2025 and 2024, was $598,970 and $3,337,595, respectively. During the nine
months ended September 30, 2025, we sold assets with a total net book value of $31,227 for digital assets worth $144,478, therefore recognized
a gain on disposal of assets of $113,251. During the nine months ended September 30, 2024, we recognized a loss on disposal of assets
with a net book value of $180,223.

    9

INVESTVIEW,
INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2025

(Unaudited)

Digital
Assets

Digital
assets are included in non-current assets on the Consolidated Balance Sheets due to the