Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 306

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9
Chunk 306
---
 million.

Revenue
generated for the year ended December 31, 2024

Revenue
generated for the year ended December 31, 2023, was as follows:

    Membership
    Revenue  
    Cryptocurrency
    Revenue  
    Mining
    Revenue  
    Miner
    Repair Revenue  
    Total 
  
    Gross billings/receipts 
    $60,516,836  
    $990,785  
    $11,348,156  
    $23,378  
    $72,879,155 
  
    Refunds, incentives, credits,
    and chargebacks 
     (4,480,784) 
     -  
     -  
     -  
     (4,480,784)
  
    Amounts
    paid to supplier 
     -  
     (477,500) 
     -  
     -  
     (477,500)
  
    Net
    revenue 
    $56,036,052  
    $513,285  
    $11,348,156  
    $23,378  
    $67,920,871 

Foreign
revenues for the year ended December 31, 2023 were approximately $51.0 million while domestic revenue for the year ended December 31,
2023 was approximately $16.9 million.

Advertising,
Selling, and Marketing Costs

We
expense advertising, selling, and marketing costs as incurred. Advertising, selling, and marketing costs include costs of promoting our
product worldwide, including promotional events. Advertising, selling, and marketing expenses for the year ended December 31, 2024 and
2023, totaled $569,491 and $560,065, respectively.

    F-12

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

Cost
of Sales and Service

Included
in our costs of sales and services is amounts paid to our trading and market experts that provide financial education content and tools
to our membership customers, hosting and electricity fees that we pay to vendors to set up our mining equipment at third-party sites
in order to generate mining revenue, and the raw material and manufacturing costs of our health and wellness product sales. Costs of
sales and services for the year ended December 31, 2024 and