Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1488

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1C
Chunk 1488
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.

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 Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-30, which requires assets to be measured based on the fair value
of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and, thus, more
reliably measurable. Our cryptocurrencies are deemed to have an indefinite useful life; therefore, amounts are not amortized, but rather
are assessed for impairment as further discussed in our impairment policy. Under ASC Subtopic 350-30 any intangible asset with a useful
life is required to be amortized over that life and the useful life is to be evaluated every reporting period to determine whether events
or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining
carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. Costs of internally developing,
maintaining, or restoring intangible assets are recognized as an expense when incurred.

We
hold cryptocurrency-denominated assets