Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 2004

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 2004
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 of $14,765, or 4%, from the prior year
other income of $405,402. The change is due to a realized gain on cryptocurrency in the current period of $452 thousand compared to a realized
gain of $255 thousand in the prior year and an increase in other income in the current period of $178 thousand, as we recognized
more interest income in the current period due to our cash balances being held in higher interest-bearing accounts, as compared to the
equivalent prior year period, and as a result of an increase in ticket sales from certain promotional events iGenius held during the
years ended December 31, 2024 and 2023. These increases were offset by a loss on settlement in the current year with the SEC to resolve the SEC inquiry previously disclosed by the Company in November 2021.

Liquidity
and Capital Resources

During the year ended December 31, 2024, we met our short-and long-term
working capital and capital expenditure requirements. Our net cash provided by operating activities for the year ended December 31, 2024,
was $8.3 million. We used our cash provided by operating activities for the acquisition of substantially all the assets of Renu Labs for $1.1 million, the purchase of fixed assets in the amount of $0.5 million, principal and interest payments on debt of $1.3 million,
the repurchase of common shares totaling $3.4 million, total dividend payments on our preferred stock of $0.7 million and added $1.3 million
to our cash balance, which totaled $22.5 million at December 31, 2024. We believe we will have sufficient resources, including cash flow
from operations and access to capital markets, to meet debt service and other obligations in a timely manner and be able to meet our objectives.

Trends,
Risks, and Uncertainties

During
2024, we experienced a material contraction in the revenues generated by our Financial Education and Technology, and our Blockchain Technology
and Crypto Mining Products and Services, business units. In the case of our Financial Education and Technology business unit, the contraction
was largely attributable to a combination of shifts in consumer behavior and demand following the COVID-19 pandemic as individuals re-evaluated
their spending priorities, lifestyle habits, and engagement preferences, as well as broader global macroeconomic changes that have caused
a general slowdown in the direct sales and home-based business industry. In the case of our Blockchain