Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 2110

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 2110
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 of possible claims in the future. For additional information, please see Note 10, “Commitments and Contingencies”
to our audited consolidated financial statements appearing elsewhere in this Annual Report on Form 10-K.

Critical
Accounting Policies

The
preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the United States
requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure
of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we
believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions.
While there are several significant accounting policies affecting our consolidated financial statements; we believe the following critical
accounting policies involve the most complex, difficult, and subjective estimates and judgments.

29

Basis
of Accounting

Our
policy is to prepare our financial statements on the accrual basis of accounting in accordance with accounting principles generally accepted
in the United States of America.

Principles
of Consolidation

The
consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries: iGenius, LLC, SAFETek,
LLC, Investview Financial Group Holdings, LLC, Opencash Finance, Inc., Opencash Securities, LLC, Investview MTS, LLC, myLife Wellness
Company, Renu Laboratories LLC, and Goldman’s Pharmaceuticals LLC. The Company also owns 50% of ELRT Technologies, LLC, which has
been included in the consolidated financial statements and the Company has recorded a noncontrolling interest for the 50% interest that
it does not own. All intercompany transactions and balances have been eliminated in consolidation.

Use
of Estimates

The
preparation of these financial statements in conformity with generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ
from those estimates.

Long-Lived
Assets – Intangible Assets & License Agreement

We
account for our cryptocurrencies and intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting
Standards Codification (“ASC”) Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting
for the