Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1911

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 1911
---
,290  
    $5,186,606  
    $110,671  
    $23,404  
    $52,381,971 

Foreign
revenues for the year ended December 31, 2024 were approximately $42.9 million while domestic revenue for the year ended December 31,
2024 was approximately $9.5 million.

Revenue
generated for the year ended December 31, 2023

Revenue
generated for the year ended December 31, 2023, was as follows:

    Membership
                                                                               Revenue  
    Cryptocurrency Revenue  
    Mining Revenue  
    Miner Repair Revenue  
    Total 
  
    Gross billings/receipts 
    $60,516,836  
    $990,785  
    $11,348,156  
    $23,378  
    $72,879,156 
  
    Refunds, incentives, credits, and chargebacks 
     (4,480,784) 
     -  
     -  
     -  
     (4,480,784)
  
    Amounts paid to supplier 
     -  
     (477,500) 
     -  
     -  
     (477,500)
  
    Net revenue 
    $56,036,052  
    $513,285  
    $11,348,156  
    $23,378  
    $67,920,871 

Foreign
revenues for the year ended December 31, 2023 were approximately $51.0 million while domestic revenue for the year ended December 31,
2023 was approximately $16.9 million.

Recent
Accounting Pronouncements

In
December 2023, the FASB issued ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting
for and Disclosure of Crypto Assets. The amendments in ASU No. 2023-08 are intended to improve the accounting for certain crypto assets
by requiring an entity to measure those crypto assets at fair value each reporting period with changes in fair value recognized in net
income. The amendments also improve the information provided to investors about an entity’s crypto asset holdings by requiring
disclosure about significant holdings, contractual sale restrictions, and changes during the reporting period. The amendments are effective
for all