Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 70

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
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Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350 - Intangibles - Goodwill and Other.

The Company has the option to first assess qualitative
factors to determine whether events or circumstances indicate it is more likely than not that the fair value of a reporting unit is greater
than its carrying amount, in which case a quantitative impairment test is not required.

As provided for by ASU 2017-04, Simplifying the Test
for Goodwill Impairment, the quantitative goodwill impairment test is performed by comparing the fair value of the reporting unit with
its carrying amount, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, goodwill is not impaired.
An impairment loss is recognized for any excess of the carrying amount of the reporting unit over its fair value up to the amount of goodwill
allocated to the reporting unit.

Intangible Assets 

We account for our intangible assets in accordance
with FASB ASC 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment or Disposal of
Long-Lived Assets. ASC Subtopic 350-30 requires assets to be measured based on the fair value of the consideration given or the fair value
of the assets (or net assets) acquired, whichever is more clearly evident and, thus, more reliably measurable. Under ASC Subtopic 350-30
any intangible asset with a useful life is required to be amortized over that life and the useful life is to be evaluated every reporting
period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful
life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life.
Costs of internally developing, maintaining, or restoring intangible assets are recognized as an expense when incurred.

Impairment of Long-Lived Assets

We have adopted ASC Subtopic 360-10, Property, Plant
and Equipment. ASC 360-10 requires that long-lived assets and certain identifiable intangibles held and used by us be reviewed for impairment
whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable or when the historical
cost carrying value of an asset may no longer be appropriate. Events relating to recoverability may include significant unfavorable changes
in business conditions, recurring losses, or a forecasted inability to achieve break-even