Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 100

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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 to challenge our cash tender in
a court proceeding, and if we are unable to sustain our legal position on the matter, Mr. Cammarata could receive up to approximately
203 million shares of our common stock upon conversion of the Cammarata Note. As a result of his recent incarceration, the Company has
been unable to further adjudicate these issues with Mr. Cammarata.

On March 22, 2021, we entered into Securities Purchase
Agreements to purchase 100% of the operating assets of SSA Technologies LLC, an entity that owns and operates a FINRA-registered broker-dealer.
SSA is controlled and partially owned by Joseph Cammarata, our former Chief Executive Officer. Commencing upon execution of the agreements
and through the closing of the transactions, we agreed to provide certain transition service arrangements to SSA. In connection with the
transactions, we entered into a Working Capital Promissory Note with SSA under which SSA was to have advanced to us up to $1,500,000 before
the end of 2021; however, SSA has only provided advances of $1,200,000 to date. The note bears interest at the rate of 0.11% per annum
therefore we recognized $990 worth of interest expense on the loan during the nine months ended September 30, 2024. The note was due and
payable by January 31, 2022; however, has not yet been repaid as we consider our legal options in light of SSA’s failure to complete
its funding obligations. The note was to have been secured by the pledge of 12,000,000 shares of our common stock; however, it remains
unsecured as the pledge of shares was not implemented at the closing of the loan. As a result of his recent incarceration, the Company
has been unable to further adjudicate these issues with Mr. Cammarata.

    26

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF March 31, 2025

(Unaudited)

NOTE 12 – SEGMENT REPORTING 

The company has three reportable segments, Financial
Education and Technology, Blockchain Technology and Crypto Mining Products and Services, and Manufacturing and Development of Health,
Beauty and Wellness Products. The reportable segments are identified based on the types of products that generate revenue.

The segment performance that the CODM uses to measure
performance is net income (loss) from operations.