Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 2114

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 2114
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 passes to the customer once the product leaves our warehouse. The Company determines collectability
by requiring certain customers to pay before control is transferred and by performing ongoing credit evaluations and monitoring customer
accounts receivable balances. As of December 31, 2024, deposits collected from customers for orders to be filled at a future date were
$1,014,164.

Shipping
and direct costs charged to customers, along with fees collected from customers for storing their products in our warehouse facility
located in Warminster, Pennsylvania, are included in revenue as Other Revenue. Shipping and direct costs incurred by the Company are
included in Cost of Sales and Service.

Cryptocurrency
Revenue

During
2023, we generated revenue from the sale of cryptocurrency packages to our customers through an arrangement with a third-party supplier.
The various packages included different amounts of coin with differing rates of returns and terms. The coin is delivered by a third-party
supplier. The sale of cryptocurrency packages was discontinued during the year ended December 31, 2023.

During
2023, we recognized cryptocurrency revenue in accordance with ASC 606-10 where revenue is measured based on a consideration specified
in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance obligation
was to arrange for the third-parties to provide coin and protection (if applicable) to our customers and payment was received from our
customers at the time of order placement. All customers were given two weeks to request a refund, therefore we would record a customer
advance on our balance sheet upon receipt of payment. After the two weeks have passed from order placement, we request our third-party
supplier to deliver coin and protection (if applicable), at which time we recognize revenue and the amounts due to our supplier on our
books.

During 2024, we generated no revenue from the sale of cryptocurrency packages.

31

Mining
Equipment Repair Revenue

Through
our wholly owned subsidiary, SAFETek, LLC, prior to June 30, 2023, we repaired broken mining equipment for sale to third-party customers.
Our mining equipment repair business was discontinued during the quarter ended June 30, 2023.

Prior
to June 30, 2023, we recognized miner repair revenue in accordance with ASC 606-10 where revenue is measured based on a consideration
specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance
obligation was to deliver the promised goods to our customers.