Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1692

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 1692
---
    Salary and related 
     6,626,588  
     7,112,954  
     (486,366)
  
    Professional fees 
     1,547,288  
     1,378,367  
     168,921 
  
    Impairment expense 
     1,771,891  
     2,056,386  
     (284,495)
  
    Loss (gain) on disposal of assets 
     180,223  
     223,630  
     (43,307)
  
    General and administrative 
     8,022,020  
     9,531,431  
     (1,509,411)
  
    Total operating costs and expenses 
    $50,687,252  
    $63,315,941  
    $(12,628,689)

Operating
costs decreased $12,628,689, or (20%), from $63,315,941 for the year ended December 31, 2023, to $50,687,252 for the year ended
December 31, 2024. The decrease can be explained by a reduction in commissions of $5.8 million, which was a result of a decrease in
our membership revenue, a decrease in cost of sales and services of $4.7 million, which was a result of a power curtailment mandated
by the government-controlled utility companies in Northern Europe, a decrease in salary and related of $486 thousand, which was a
result of a decrease in stock based compensation, a decrease in general and administrative expenses, which was a result of decreases
in credit card processing fees due to the decreases in our membership revenue and decreases in costs related to our mining
operations, and a decrease in impairment expense of $285 thousand due to impairment of our data processing equipment during the
current year being slightly less than the impairment of other assets in the prior year.

Other
Income (Expense)

    Year Ended December 31,  

    2024  
    2023  
    Change 

    Loss on Settlement 
    $(375,000) 
    $-  
    $(375,000)
  
    Gain (loss) on fair value of derivative liability 
     4,974  
     18,691  
     (13,717)
  
    Realized gain (loss) on cryptocurrency