Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 19

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 months ended March 31, 2025 were approximately
$7.6 million while domestic revenue for the three months ended March 31, 2025 was approximately $2.4 million.

Revenue generated for the three months ended March
31, 2024, was as follows:

    Membership Revenue  
    Mining Revenue  
    Total 
  
    Gross billings/receipts 
    $13,851,294  
    $2,642,599  
    $16,493,893 
  
    Refunds, incentives, credits, and chargebacks 
     (821,976) 
     -  
     (821,976)
  
    Net revenue 
    $13,029,318  
    $2,642,599  
    $15,671,917 

Foreign revenues for the three months ended March
31, 2024 were approximately $11.8 million while domestic revenue for the three months ended March 31, 2024 was approximately $3.9 million.

Advertising, Selling and Marketing Costs

We expense advertising, selling, and marketing costs
as incurred. Advertising, selling, and marketing costs include costs of promoting our product worldwide, including promotional events.
Advertising, selling, and marketing expenses for the three months ended March 31, 2025 and 2024, totaled $95,103 and $11,795, respectively.

Cost of Sales and Service

Included in our costs of sales and services is amounts
paid to our trading and market experts that provide financial education content and tools to our membership customers, hosting and electricity
fees that we pay to vendors to set up our mining equipment at third-party sites in order to generate mining revenue, and the raw material
and manufacturing costs of our health and wellness product sales. Costs of sales and services for the three months ended March 31, 2025
and 2024, totaled $1,544,116 and $2,142,334, respectively.

Inventory

Inventory consists of raw materials, work in progress,
and finished goods to be sold as part of our health and wellness product sales. Inventory is valued at the lower of cost or net realizable
value using the first-in, first-out (FIFO) method and is inclusive of any shipping and tax costs.

Inventory was made up of the following at each balance
sheet date:

SCHEDULE
OF INVENTORY

    March 31,  
    December 31,