Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1344

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 1344
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minster, Pennsylvania (“the “Warminster Lease”) and in December
2024, we entered an operating lease for warehouse space in Ivyland, Pennsylvania (the “Ivyland Lease”). The Warminster Lease
and the Ivyland Lease were entered for use by our newly formed subsidiary Renu Laboratories LLC.

    F-17

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

At
commencement of the Wyckoff Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $22,034.
The original 24.5-month term of the Wyckoff Lease was extended through July 2025 with an option for the Company to terminate with 60
days’ written notice beginning June 1, 2024. The earliest termination date is July 31, 2024. At the extension of the Wyckoff Lease,
right-of-use assets obtained in exchange for new operating lease liabilities amounted to $23,520.

At
date of acquisition of the Haverford Lease, right-of-use assets and lease liabilities obtained amounted to $125,522 and $152,961, respectively.
The term of the Haverford Lease was initially extended through December 2024. At the extension of the Haverford Lease, right-of-use assets
obtained in exchange for new operating lease liabilities amounted to $172,042. On August 7, 2024, the term of the Haverford Lease was
extended through December 31, 2025.

At
commencement of the Warminster Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $108,327.
The Warminster Lease will automatically terminate after the 14-month term.

At
commencement of the Ivyland Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $115,037.
The Ivyland Lease will automatically terminate after the 24-month term.

Operating
lease expense was $130,710 for the year ended December 31, 2024. Operating cash flows used for the operating leases during the year ended
December 31, 2024, was $135,809. As of December 31, 2024, the weighted average remaining lease term was 1.48 years, and the weighted average
discount rate was 12%.

Future
minimum lease payments under non-cancellable leases as