Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 20

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 20
---
 2025  
    2024 
  
    Finished goods 
    $5,451  
    $27,802 
  
    Work in process 
     191,440  
     312 
  
    Raw materials 
     659,235  
     467,751 
  
    Inventory 
    $856,126  
    $495,865 

    13

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF March 31, 2025

(Unaudited)

Income Taxes

Income taxes are recorded in accordance with ASC Topic
740, Income Taxes, which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events
that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined
based on the difference between financial statements and tax basis of assets and liabilities, including operating losses and credit carryforwards,
using enacted tax rates in effect for the year in which the differences are expected to reverse.

Management judgment is required in determining our
provision for income taxes, our deferred tax assets and liabilities, and any valuation allowance recorded against our deferred tax assets.
Deferred tax assets are reduced by a valuation allowance if, based on the consideration of all available evidence, it is more likely than
not that some or all of the deferred tax assets will not be realized. Changes in assumptions in future periods may require we adjust our
valuation allowance, which could materially impact our financial position and results of operations. The Company recognizes the benefit
of an uncertain tax position that it has taken or expects to take on its income tax return, if such a position is more likely than not
to be sustained.

Net Income (Loss) per Share

We follow ASC Subtopic 260-10, Earnings per Share,
which specifies the computation, presentation, and disclosure requirements of earnings per share information. Basic loss per share has
been calculated based upon the weighted average number of common shares outstanding. Diluted income (loss) per share reflects the potential
dilution that could occur if stock options or other contracts to issue common stock were exercised or converted during the period. Dilutive
securities having an anti-dilutive effect on diluted earnings per share are excluded from the calculation.

Due to the net loss for the three months ended March
31, 2025, basic and diluted income per share were the same, as all securities had