Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 81

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 OF FIXED ASSETS

    Estimated  

    Useful  

    Life  
    June 30,  
    December 31, 

    (years)  
    2025  
    2024 
  
    Furniture, fixtures, and equipment 
     10  
    $4,790  
    $717 
  
    Computer equipment 
     3  
     35,455  
     28,571 
  
    Data processing equipment 
     3  
     8,136,851  
     11,824,560 
  
    Manufacturing equipment 
     3-25  
     1,292,641  
     1,161,701 

     9,469,737  
     13,015,549 
  
    Accumulated depreciation 
        
     (7,915,269) 
     (11,147,108)
  
    Net book value 
        
    $1,554,468  
    $1,868,441 

Total
depreciation expense for the six months ended June 30, 2025 and 2024, was $424,644 and $2,301,620, respectively. During the six months
ended June 30, 2025, we sold assets with a total net book value of $31,227 for digital assets worth $123,064, therefore recognized a
gain on disposal of assets of $91,837. During the six months ended June 30, 2024, we recognized a loss on disposal of assets with a net
book value of $180,223.

Digital
Assets

Digital
assets are included in non-current assets on the Consolidated Balance Sheets due to the Company’s intent to retain and hold bitcoin.
Proceeds from the sale of digital assets and the purchase of digital assets are included within investing activities in the accompanying
Consolidated Statement of Cash Flows. Digital Assets awarded to the Company through its mining activities and collected for membership
revenue are accounted for in connection with the Company’s revenue recognition policy. Following the adoption of Accounting Standards
Update (“ASU”) 2023-08 effective January 1, 2025, the Company measures digital assets at fair value with changes recognized
in other income (expense) in the Consolidated Statement of Operations. The Company tracks its cost basis of digital assets by-wallet
in accordance with the first