Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 74

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 revenue by manufacturing and selling health, beauty and wellness products. We recognize health and wellness product sales
revenue in accordance with ASC 606-10. The Company’s performance obligation is complete when control of the promised goods is transferred
to a customer, at which time the Company recognizes revenue in an amount that reflects the consideration the Company expects to receive
in exchange for those goods. The Company terms for the sale are based on free on board (FOB) shipping point, where the control passes
to the customer once the product leaves our warehouse. The Company determines collectability by requiring certain customers to pay before
control is transferred and by performing ongoing credit evaluations and monitoring customer accounts receivable balances. As of March
31, 2025 and December 31, 2024, deposits collected from customers for orders to be filled at a future date were $844,318 and $1,014,164,
respectively.

Shipping and direct costs charged to customers, along
with fees collected from customers for storing their products in our warehouse facility located in Warminster, Pennsylvania are included
in revenue as Other Revenue. Shipping and direct costs incurred by the Company are included in Cost of Sales and Service.

    12

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF March 31, 2025

(Unaudited)

Revenue generated for the three months ended March
31, 2025, was as follows:

SCHEDULE OF REVENUE GENERATED 

    Membership revenue  
    Mining revenue  
    Health and wellness product sales  
    Other Revenue  
    Total 
  
    Gross billings/receipts 
    $9,439,857  
    $862,944  
    $368,443  
    $7,344  
    $10,678,588 
  
    Refunds, incentives, credits, and chargebacks 
     (648,414) 
     -  
     (122) 
     -  
     (648,536)

    Net revenue 
    $8,791,443  
    $862,944  
    $368,321  
    $7,344  
    $10,030,052 

Foreign revenues for the three months ended March 31, 2025 were approximately
$7.6 million while domestic revenue for the three months ended March 31, 2025 was approximately $2