Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1270

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 1270
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 cash payouts promised by TPP, despite the substantial payments made to TPP to secure the benefits of
the TPP Program. As the direct responsibility for compliance with the TPP Program resides with TPP;
particularly as the program was underwritten, managed and administered by TPP as an independent third-party vendor (and with respect
to ndau, the underlying ndau was developed and marketed by an additional third-party vendor), and in recognition of the
customers’ acceptance of their participation in the program, we do not believe that we have any legal responsibility to cover
any potential claims of customers who participated in the TPP Program. There is, however, a risk that any failure of TPP to perform
its obligations to our customers could expose us to commercial claims of dissatisfied customers, regardless of the legal foundation
associated therewith. The possible assertion of those claims could have an adverse effect on our business, financial condition, and
operating results.

Debt and Equity Transactions with
Former Officer

Beginning
in March 2021, we engaged in certain debt and equity transactions with Joseph Cammarata, who served as an officer and director of the
Company from December 2019 through his termination for cause on or about December 7, 2021, certain of which have exposed the Company to
the uncertainty of possible claims in the future. For additional information, please see Note 10, “Commitments and Contingencies”
to our audited consolidated financial statements appearing elsewhere in this Annual Report on Form 10-K.

Critical
Accounting Policies

The
preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the United States
requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure
of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we
believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions.
While there are several significant accounting policies affecting our consolidated financial statements; we believe the following critical
accounting policies involve the most complex, difficult, and subjective estimates and judgments.

29

Basis
of Accounting

Our
policy is to prepare our financial statements on the accrual basis of accounting in accordance with accounting principles generally accepted
in the United States of America.

Principles
of Consolidation

The
consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries: iGenius, LLC,