Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 67

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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, 2025. These unaudited condensed consolidated financial statements should be read in conjunction with
the December 31, 2024 consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended
December 31, 2024.

Principles
of Consolidation

The
consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries: iGenius, LLC, SAFETek,
LLC, Investview Financial Group Holdings, LLC, Opencash Finance, Inc., Opencash Securities, LLC, Investview MTS, LLC, myLife Wellness
Company, myLife Wellness LLC, Renu Laboratories LLC, and Goldman’s Pharmaceuticals LLC. The Company also owns 50% of ELRT Technologies,
LLC, which has been included in the consolidated financial statements, and the Company has recorded a noncontrolling interest for the
50% interest that it does not own. All intercompany transactions and balances have been eliminated in consolidation.

Operating
Segments

Operating
segments are defined as components of an entity for which separate financial information is available that is regularly reviewed by the
chief operating decision maker (“CODM”). The CODM is composed of several members of its executive management team, including
the Chief Executive Officer, President and Chief Operating Officer, and the Chief Financial Officer. The CODM uses segment net income
from operations to assess the performance of, manage the operations of, and allocate capital and operational resources to the Company’s
three reportable operating segments.

Financial
Statement Reclassification

Certain
account balances from prior periods have been reclassified in these consolidated financial statements to conform to current period classifications.

Use
of Estimates

The
preparation of these financial statements in conformity with generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ
from those estimates.

Concentration
of Credit Risk

Financial
instruments that potentially expose us to concentration of credit risk include cash, accounts receivable, and advances. We place our
cash and temporary cash investments with credit quality institutions. At times, such investments may be in excess of the Federal Deposit
Insurance Corporation (“FDIC”) insurance limit of $250,000. As of September 30, 2025 and December 31, 2024,