Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 95

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
 Revenue recognized from Bitcoin mined (17.33 Bitcoin) 
     1,692,175 
  
    Digital assets collected from membership revenue 
     643,731 
  
    Digital assets received from sale of fixed assets 
     123,064 
  
    Purchase of digital assets 
     4,517,592 
  
    Proceeds from sale of digital assets 
     (4,601,110)
  
    Operating expenses paid with digital assets 
     (1,008,392)
  
    Dividends paid via digital assets 
     (81,486)
  
    Debt extinguished in exchange for digital assets 

    Realized gain (loss) on digital assets 
     119,743 
  
    Change in fair value of digital assets 
     179,258 
  
    Balance as of June 30, 2025 
    $2,860,812 
  
    Ending balance, Fair Value 
    $2,860,812 

     86,276 

    17

INVESTVIEW,
INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS
OF JUNE 30, 2025

(Unaudited)

Prior
to Adoption of ASU No. 2023-08, Accounting for and Disclosure of Digital Assets

Digital
assets

Prior
to the adoption of ASU 2023-08, digital assets were accounted for as indefinite-lived intangible assets and were initially measured in
accordance with ASC Topic 350 - Intangible-Goodwill and Other (“ASC 350”). Digital assets were not amortized, but were assessed
for impairment annually, or more frequently, when events or changes in circumstances occur, indicating that it is more likely than not
that the indefinite-lived intangible asset is impaired. Whenever the exchange-traded price of digital assets declined below its carrying
value, the Company was required to determine if an impairment existed and to record an impairment equal to the amount by which the carrying
value exceeded the fair value.

The
following table presents a roll-forward of digital assets for the six months ended June 30, 2024, based on the cost-impairment model
under ASC 350:

    Cost Basis 
  
    Balance as of December 31, 2023 
    $585,632 
  
    Beginning balance, Cost Basis 
    $585,632 

    Revenue recognized from Bitcoin mined (66.04