Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 65

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 tracks its cost basis of digital assets by-wallet
in accordance with the first-in-first-out (“FIFO”) method of accounting. Refer to “NOTE 5 – DIGITAL ASSETS”,
for further information regarding the Company’s impact of the adoption of ASU 2023-08, as defined below.

36

Intangible
Assets

We
account for our intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification
(“ASC”) Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment
or Disposal of Long-Lived Assets (“ASC 350-30”). ASC 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 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”). 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 operating results over an extended period.

We
evaluate the recoverability of long-lived assets based upon future net cash flows expected to result from the asset, including eventual
disposition. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted and an impairment loss
is recorded equal to the difference between the asset’s carrying value and fair value or disposable value. During the six months
ended June