Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1484

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1C
Chunk 1484
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 million. We used our cash provided by operating activities for the acquisition of substantially all the assets of Renu Labs for $1.1 million, the purchase of fixed assets in the amount of $0.5 million, principal and interest payments on debt of $1.3 million,
the repurchase of common shares totaling $3.4 million, total dividend payments on our preferred stock of $0.7 million and added $1.3 million
to our cash balance, which totaled $22.5 million at December 31, 2024. We believe we will have sufficient resources, including cash flow
from operations and access to capital markets, to meet debt service and other obligations in a timely manner and be able to meet our objectives.

Trends,
Risks, and Uncertainties

During
2024, we experienced a material contraction in the revenues generated by our Financial Education and Technology, and our Blockchain Technology
and Crypto Mining Products and Services, business units. In the case of our Financial Education and Technology business unit, the contraction
was largely attributable to a combination of shifts in consumer behavior and demand following the COVID-19 pandemic as individuals re-evaluated
their spending priorities, lifestyle habits, and engagement preferences, as well as broader global macroeconomic changes that have caused
a general slowdown in the direct sales and home-based business industry. In the case of our Blockchain Technology and Crypto Mining Products
and Services business unit, the contraction was largely attributable to a combination of the “Bitcoin Halving” which occurred
on April 19th, 2024, decreasing the reward to 3.125 Bitcoin per block solved from the previous reward rate of 6.25 Bitcoin per block
solved, an increase in Bitcoin Network Difficulty and a mandated power curtailment enforced by the government-controlled utility companies
in Northern Europe, partially offset by an increase in the price of Bitcoin. As we have seen no material change during 2025 in the underlying
macroeconomic conditions that caused these contractions in 2024, we have reason to believe that trends we experienced in 2024 will likely
continue in 2025. Against these headwinds, in 2025, we believe that as we start to commercialize our Opencash business, and as we start
to experience some of the growth we expect from our health and wellness business unit, we may start to experience revenue growth that
was not available during 2024, although we do not expect that these possible lines of growth will in