Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 22

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 lease payments arising from the lease.

Operating lease right-of-use assets and liabilities
are recognized at commencement date based on the present value of lease payments over the lease term. For leases in which the rate implicit
in the lease is not readily determinable, we use our incremental borrowing rate based on the information available at commencement date
in determining the present value of lease payments. We have elected to not apply the recognition requirements of ASC 842 to short-term
leases (leases with terms of twelve months or less). Lease terms include options to extend or terminate the lease when it is reasonably
certain that we will exercise that option. Lease expense for operating lease arrangements is recognized on a straight-line basis over
the lease term. We have elected the practical expedient and will not separate non-lease components from lease components and will instead
account for each separate lease component and non-lease component associated with the lease components as a single lease component.

NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS

In December 2023, the FASB issued ASU No. 2023-08,
Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets. The amendments
in ASU No. 2023-08 are intended to improve the accounting for certain crypto assets by requiring an entity to measure those crypto assets
at fair value each reporting period with changes in fair value recognized in net income. The amendments also improve the information provided
to investors about an entity’s crypto asset holdings by requiring disclosure about significant holdings, contractual sale restrictions,
and changes during the reporting period. The amendments are effective for all entities for fiscal years beginning after December 15, 2024,
including interim periods within those fiscal years. The Company adopted ASU No. 2023-08 for the year ended December 31, 2025, effective
as of January 1, 2025, which had a material impact on the financial statements.

In December 2023, the FASB issued ASU No. 2023-09,
Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 expands existing income tax
disclosures for rate reconciliations by requiring disclosure of certain specific categories and additional reconciling items that meet
quantitative thresholds and expands disclosures for income taxes paid by requiring disaggregation by certain jurisdictions. ASU 2023-09