Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 79

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 Group Holdings, LLC, Opencash Finance, Inc., Opencash Securities, LLC, Investview MTS, LLC,
myLife Wellness Company, myLife Wellness LLC, 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.

Operating
Segments

Operating
segments are defined as components of an entity for which separate financial information is available that is regularly reviewed by
the chief operating decision maker (“CODM”). The CODM is composed of several members of its executive management team,
including the Chief Executive Officer, President and Chief Operating Officer, and the Chief Financial Officer. The CODM uses segment
net income from operations to assess the performance of, manage the operations of, and allocate capital and operational resources to
the Company’s three
reportable operating segments.

Financial
Statement Reclassification

Certain
account balances from prior periods have been reclassified in these consolidated financial statements to conform to current period classifications.

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.

Concentration
of Credit Risk

Financial
instruments that potentially expose us to concentration of credit risk include cash, accounts receivable, and advances. We place our
cash and temporary cash investments with credit quality institutions. At times, such investments may be in excess of the Federal Deposit
Insurance Corporation (“FDIC”) insurance limit of $250,000. As of June 30, 2025 and December 31, 2024, cash balances that
exceeded FDIC limits were $13,051,902 and $10,837,830, respectively. We have not experienced significant losses relating to these concentrations
in the past.

Cash
Equivalents 

For
purposes of reporting cash flows, we consider all highly liquid debt instruments purchased with a maturity of three months or less to
be cash equivalents. As of June 30, 2025, and December 31, 2024, we had no cash equivalents.

Re