Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 56

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 2024, the Company used a discrete effective tax rate method for recording income taxes,
as compared to an estimated full year annual effective tax rate method, as an estimate of the annual effective tax rate cannot be made.

Provision
for Income taxes for the three and six months ended June 30, 2025 was $1,000 and $11,000, respectively, resulting in an effective tax
rate of 0.2% and (4.4%), respectively. Provision for Income taxes for the three and six months ended June 30, 2024 was $269,067 and $769,142,
respectively, resulting in an effective tax rate of 33.6% and 25.9%, respectively. The provision for income taxes was primarily impacted
by pretax book income, permanent differences, and by the change in valuation allowance on deferred tax assets.

NOTE
15 – SUBSEQUENT EVENTS

In
accordance with ASC Topic 855, Subsequent Events, we have evaluated subsequent events through the date of this filing and have determined
that the following events require disclosure.

During
the period subsequent to period end, according to the stock repurchase program (see NOTE 10), the Company bought back 2,578,934 shares
of their own common stock for $34,446. These shares are being held by the Company in Treasury.

On
July 4, 2025, the U.S. government enacted The One Big Beautiful Bill Act (“OBBBA”). This bill includes various provisions,
among them including the allowance of immediate expensing of qualifying research and development expenses and extensions of certain provisions
within the Tax Cuts and Jobs Act. The OBBBA includes some provisions effective in 2025 and others in subsequent years. We are currently
assessing its impact on our consolidated financial statements.

32

ITEM
2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking
Statements

The
following discussion should be read in conjunction with our consolidated financial statements and notes to our financial statements included
elsewhere in this report. This discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as noted by use of the words “believe,”
“expect,” “plan,” “project,” “estimate,” and similar expressions are used