Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1790

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 1790
---
 partnership 
     10,985,183  
     10,964,704 
  
    Deferred tax liabilities 
     -  
     - 
  
    Valuation
    allowance 
     (18,104,216) 
     (18,082,064)
  
    Net
    deferred tax liability 
    $-  
    $- 

The
income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from
continuing operations for the year ended December 31, 2024 and 2023, due to the following:

 SCHEDULE
OF INCOME FROM CONTINUING OPERATIONS

    Year ended
                                                                               December 31, 2024  
    Year ended
                                                                               December 31, 2023 
  
    Income taxes
    at statutory rate 
    $437,925  
    $1,052,169 
  
    State taxes – net
    of federal benefit 
     (6,641) 
     31,600 
  
    Valuation allowance 
     581,800  
     1,809,765 
  
    Foreign derived intangible
    income 
     (420,033) 
     (781,561)
  
    Interest 
     260,511  
     260,317 
  
    Other 
     41,378  
     (193,878)
  
    Total
    income tax provision (benefit) 
    $894,940  
    $2,178,412 

    F-26

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

At
December 31, 2024 and December 31, 2023, the Company had federal and state net operating loss carryforwards of approximately $2.4
million (tax effected) and $3.0
million (tax effected), portions of which will begin to expire in 2025. Utilization of some of the federal and state net operating
losses carryforwards are subject to annual limitations due to the “change in ownership” provisions of the Internal
Revenue Code of 1986 and similar state provisions. The annual limitations may result in the expiration of net operating losses
before utilization.

The
Company will recognize penalties and interest accrued related to unrecognized