Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 55

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 subsidiary of Investview,
Inc.) closed on the purchase of the business and assets of Renu Labs, Inc. (“Seller”), along with a 100% ownership interest
in Goldman’s Pharmaceuticals LLC and a 50% ownership interest in ELRT Technologies, LLC (together known as “Renu Labs”)
from Gregg Hanson. Renu Labs is a manufacturer of proprietary and other health, beauty and wellness products. The total purchase price
of Renu Labs was $1,780,000.

The
transaction was accounted for as a business combination using the acquisition method of accounting in accordance with the ASC Topic 805,
Business Combination. The following table summarizes the purchase accounting for the fair value of the assets acquired and liabilities
assumed at the date of the acquisition:

 SCHEDULE
OF FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED AT DATE OF ACQUISITION

    Cash 
    $1,495 
  
    Customer deposits – intercompany 
     7,360 
  
    Domain names [1] 
     40,310 
  
    Raw materials 
     149,260 
  
    Manufacturing equipment 
     717,020 
  
    Total assets acquired 
    $915,445 

    Accounts payable 
    $323 
  
    Customer deposits 
     572,386 
  
    Total liabilities assumed 
    $572,709 

    Net assets acquired 
     342,736 

    Consideration [2] 
    $1,207,614 
  
    Fair value of noncontrolling interest in ELRT Technologies, LLC 
     8,823 
  
    Total 
     1,216,437 

    Goodwill 
    $873,701 

    [1]
    Domain
    names were deemed to have an indefinite life; therefore, amounts are not amortized, but rather are assessed for impairment as further
    discussed in our impairment policy.

    [2]
    This
    amount is equal to the $1,780,000 purchase price less $572,386 of customer deposits collected by Renu Labs, Inc. prior to acquisition.

    31

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2025

(Unaudited)

NOTE
14 – INCOME TAXES

For
the periods ended June 30, 2025, and June 30,