Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 69

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 69
---
 $1,680,019  
    $45,651  
    $20,053,970 

Foreign
revenues for the six months ended June 30, 2025 were approximately $14.4 million while domestic revenue for the six months ended June
30, 2025 was approximately $5.7 million.

Revenue
generated for the six months ended June 30, 2024, was as follows:

    Membership Revenue  
    Mining Revenue  
    Total 
  
    Gross billings/receipts 
    $26,557,528  
    $3,721,376  
    $30,278,904 
  
    Refunds, incentives, credits, and chargebacks 
     (1,500,306) 
     -  
     (1,500,306)
  
    Net revenue 
    $25,057,222  
    $3,721,376  
    $28,778,598 

Foreign
revenues for the six months ended June 30, 2024 were approximately $22.9 million while domestic revenue for the six months ended June
30, 2024 was approximately $5.9 million.

38

Recent
Accounting Pronouncements

In
December 2023, the FASB issued ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting
for and Disclosure of Crypto Assets (“ASU 2023-08”). The amendments in ASU 2023-08 are intended to improve the accounting
for certain crypto assets by requiring an entity to measure those crypto assets at fair value each reporting period with changes in fair
value recognized in net income. The amendments also improve the information provided to investors about an entity’s crypto asset
holdings by requiring disclosure about significant holdings, contractual sale restrictions, and changes during the reporting period.
The amendments are effective for all entities for fiscal years beginning after December 15, 2024, including interim periods within those
fiscal years. The Company adopted ASU 2023-08 for the year ended December 31, 2025, effective as of January 1, 2025, which had a material
impact on the financial statements.

In
December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disc