Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1992

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 1992
---
 information technology and software.

The
following table illustrates the reconciliation of segment operating income to net income before taxes for the years ended December 31,
2024 and 2023.

SCHEDULE
OF RECONCILIATION OF SEGMENT OPERATING INCOME TO NET INCOME BEFORE TAXES 

    December 31,  2024  
    December 31,  2023 
  
    Segment income from operations 
    $6,797,466  
    $13,112,123 

    Reconciling items 

    Bank interest 
     64,376  
     56,258 
  
    Event ticket sales 
     350,635  
     288,454 
  
    Leasing income 
     391,985  
     446,667 
  
    Gain on winddown of operations [1] 
     -  
     56,422 
  
    All other, net 
     3,684  
     (11,500)

    Net income before taxes 
    $7,608,146  
    $13,948,314 

    [1]
    Represents
    a gain on the winddown of SAFETek’s North American operations.

    F-24

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

NOTE
12 – ACQUISITION

On
October 11, 2024, Renu Laboratories LLC (a wholly owned subsidiary of myLife Wellness Company which is a wholly owned subsidiary of Investview,
Inc.) closed on the purchase of the business and assets of Renu Labs, Inc. (“Seller”), along with a 100% ownership interest
in Goldman’s Pharmaceuticals LLC and a 50% ownership interest in ELRT Technologies, LLC (together known as “Renu Labs”)
from Gregg Hanson. Renu Labs is a manufacturer of proprietary and other health, beauty and wellness products. The total purchase price
of Renu Labs was $1,780,000.

The
transaction was accounted for as a business combination using the acquisition method of accounting in accordance with the ASC Topic 805.
The following table summarizes the purchase accounting for the fair value of the assets acquired and liabilities assumed at the date
of the acquisition:

 SCHEDULE
OF FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED AT DATE OF