Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 717

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 717
---
 purchase common
    stock 
     1,178,090  
     1,178,129 

    F-13

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

Lease
Obligation

We
determine if an arrangement is a lease at inception. Operating leases are included in the operating
lease right-of-use asset account, the operating lease liability, current account, and the operating lease liability, long-term account
in our balance sheet. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent
our obligation to make lease payments arising from the lease.

Operating
lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease
term. For leases in which the rate implicit in the lease is not readily determinable, we use our incremental borrowing rate based on
the information available at commencement date in determining the present value of lease payments. We
have elected to not apply the recognition requirements of ASC 842 to short-term leases (leases with terms of twelve months or less).
Lease terms include options to extend or terminate the lease when it is reasonably certain that
we will exercise that option. Lease expense for operating lease arrangements is recognized on a straight-line basis over the lease term.
We have elected the practical expedient and will not separate non-lease components from lease components and will instead account for
each separate lease component and non-lease component associated with the lease components as a single lease component.

NOTE
3 – RECENT ACCOUNTING PRONOUNCEMENTS

In
December 2023, the FASB issued ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting
for and Disclosure of Crypto Assets. The amendments in ASU No. 2023-08 are intended to improve the accounting for certain crypto assets
by requiring an entity to measure those crypto assets at fair value each reporting period with changes in fair value recognized in net
income. The amendments also improve the information provided to investors about an entity’s crypto asset holdings by requiring
disclosure about significant holdings, contractual sale restrictions, and changes during the reporting period. The amendments are effective
for all entities for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years. Early