Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 23

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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is effective for annual periods beginning after December 15, 2024; early adoption is permitted. The Company adopted the ASU for the year
ended December 31, 2025. The amendments only impact disclosures and are not expected to have an impact on the Company’s financial
condition and results of operations.

In December 2024, the FASB issued ASU 2024-03, Income
Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) (“ASU 2024-03”).
ASU 2024-03 requires, in the notes to the financial statements, disclosures of specified information about certain costs and expenses
specified in the updated guidance. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim
reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company did not elect early adoption and is evaluating
the impact the updated guidance will have on its disclosures in 2026.

We have noted no other recently issued accounting
pronouncements that we have not yet adopted that we believe are applicable or would have a material impact on our financial statements.

15

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF March 31, 2025

(Unaudited)

NOTE 4 – LIQUIDITY

Our financial statements are prepared using generally
accepted accounting principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities
in the normal course of business.

During the three months ended March 31, 2025, we met
our short-and long-term working capital and capital expenditure requirements. At March 31, 2025, we had a total of $17.5 million in cash
and cash equivalents, which we believe is sufficient to meet our debt service, preferred stock dividend payments and all other obligations
in a timely manner and be able to meet our objectives.

NOTE 5 – DIGITAL ASSETS

Adoption of ASU 2023-08, Accounting for and Disclosure
of Digital Assets

Effective January 1, 2025, the Company adopted ASU
2023-08, which requires entities to measure crypto assets at fair value with changes recognized in the Statement of Operations each reporting
period. The Company’s digital assets are within the scope of ASU 2023-08 and the