Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 165

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7A
Chunk 165
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                                                                               December 31, 2023 
  
    Domestic 
    $2,085,356  
    $5,010,332 
  
    Foreign 
     -  
     - 
  
    Total
    Income (loss) before income taxes 
    $2,085,356  
    $5,010,332 

The
Company’s tax provision (benefit) as of December 31, 2024 and 2023 is summarized as follows:

 SCHEDULE
OF TAX PROVISION BENEFIT

    December
    31, 2024  
    December
    31, 2023 
  
    Current 

    Federal 
    $903,347  
    $2,138,412 
  
    State 
     (8,407) 
     40,000 
  
    Foreign 
     -  
     - 
  
    Total
    current income tax expense 
     894,940  
     2,178,412 

    Total
    income tax expense 
    $894,940  
    $2,178,412 

Net
deferred tax assets consist of the following components as of December 31, 2024 and 2023:

 SCHEDULE
OF DEFERRED TAX ASSETS AND LIABILITIES

    December
    31, 2024  
    December
    31, 2023 
  
    Deferred tax assets 

    NOL
    carryover 
    $2,417,161  
    $2,982,071 
  
    Amortization 
     1,850,667  
     1,771,645 
  
    Other
    accruals 
     1,988,821  
     1,800,662 
  
    Depreciation 
     862,384  
     562,982 
  
    Investment
    in 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