Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 2002

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 2002
---
 global macroeconomic changes that have caused a general
slowdown in direct sales and home-based business. This trend reflects broader market changes and has impacted overall participation and
retention rates. The $6.1 million (54%) decrease in mining revenue was a result of “Bitcoin
Halving” which occurred on April 19th, 2024, decreasing the reward to 3.125 Bitcoin per block solved from the previous reward rate
of 6.25 Bitcoin per block solved, an increase in Bitcoin Network Difficulty and a mandated power curtailment enforced by the government-controlled
utility companies in Northern Europe, partially offset by an increase in the price of Bitcoin; and the $513 thousand decrease in cryptocurrency
revenue was due to the discontinuation of our distribution of NDAU during the year ended December 31, 2023. These decreases were offset
by a $111 thousand increase in health and wellness product sales which can be explained by the purchase of the business and assets of
Renu Laboratories, Inc. in October 2024.

27

Operating
Costs

    Year Ended December 31,  
    Increase 

    2024  
    2023  
    (Decrease) 

    Cost of sales and service 
    $6,056,491  
    $10,736,709  
    $(4,680,218)
  
    Commissions 
     25,913,260  
     31,716,399  
     (5,803,139)
  
    Selling and marketing 
     569,491  
     560,065  
     9,426 
  
    Salary and related 
     6,626,588  
     7,112,954  
     (486,366)
  
    Professional fees 
     1,547,288  
     1,378,367  
     168,921 
  
    Impairment expense 
     1,771,891  
     2,056,386  
     (284,495)
  
    Loss (gain) on disposal of assets 
     180,223  
     223,630  
     (43,307)
  
    General and administrative 
     8,022,020  
     9,531,431  
     (1,509,411)
  
    Total operating costs and expenses 
    $