Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 299

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9
Chunk 299
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 up of the following at each balance sheet date:

 SCHEDULE OF FIXED ASSETS

    Estimated 

    Useful 

    Life 
    December 31,  
    December 31, 

    (years) 
    2024  
    2023 
  
    Furniture,
    fixtures, and equipment 
    10 
    $717  
    $717 
  
    Computer equipment 
    3 
     28,571  
     11,308 
  
    Data processing equipment 
    3 
     11,824,560  
     14,084,670 
  
    Manufacturing
    equipment 
    3-25 
     1,161,701  
     - 

     13,015,549  
     14,096,695 
  
    Accumulated
    depreciation 
      
     (11,147,108) 
     (7,559,872)
  
    Net
    book value 
      
    $1,868,441  
    $6,536,823 

Total
depreciation expense for the years ended December 31, 2024 and 2023, was $3,875,614 and $4,450,466, respectively, all of which was recorded
in our general and administrative expenses on our statement of operations. During the year ended December 31, 2024, we disposed of assets
with a net book value of $180,223. During the year ended December 31, 2023, we sold assets with a total net book value of $26,731 for
cash of $23,278 and bitcoin worth $9,913, therefore recognized a gain on disposal of assets of $6,460. This gain was offset by loss on
disposal of assets with a net book value of $55,255.

Long-Lived
Assets – Cryptocurrencies & Intangible Assets

We
account for our cryptocurrencies and intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting
Standards Codification (“ASC”) Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting
for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-30, which requires assets to be measured based on the fair value
of the consideration given or the