Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 135

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7A
Chunk 135
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    $5,732  
    $5,732 

Revenue
Recognition

Membership
Revenue

Most
of our revenue is generated by membership sales and payment is received at the time of purchase. We recognize membership revenue in accordance
with ASC 606-10 where revenue is measured based on a consideration specified in a contract with a customer and recognized when we satisfy
the performance obligation specified in each contract. Our performance obligation is to provide our tools, products, and content over
a fixed membership period; therefore, we recognize revenue ratably over the membership period and deferred revenue is recorded for the
portion of the membership period subsequent to each reporting date. Additionally, we offer a designated trial period to first-time membership
customers, during which a full refund can be requested if a customer does not wish to continue with the membership. Revenues are deferred
during the trial period as collection is not probable until that time has passed. Revenues are presented net of refunds, sales incentives,
credits, and known and estimated credit card chargebacks. As of December 31, 2024 and 2023, our deferred revenues for membership revenue
were $1,905,734 and $2,703,398, respectively.

Mining
Revenue

We
generate revenue from mining bitcoin. The Company has entered into a digital asset mining pool by executing a contract, as amended from
time to time, with the mining pool operator to provide computing power to the mining pool. The contract is terminable at any time by
either party without penalty. Further, since the contract is continuously renewing, second by second, the mining contract is considered
to have a duration of less than 24 hours for accounting purposes. The Company’s enforceable right to compensation only begins when
the Company provides computing power to the mining pool operator. In exchange for providing computing power, we are entitled to a Full-Pay-Per-Share
payout of Bitcoin based on a contractual formula, which calculates our share of block rewards, transaction fees, and mining pool operator
fees. We are entitled to consideration even if a block is not successfully placed by the mining pool operator.

Providing
computing power to solve complex cryptographic algorithms in support of the Bitcoin blockchain (in a process known as “solving
a block”) is an output of the Company’s ordinary activities. The provision of providing such computing power is the only
performance obligation in the Company’s contracts with the mining pool operator. The transaction consideration the Company receives