Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 108

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 108
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MBER 30, 2025

(Unaudited)

The
following table illustrates the reconciliation of segment operating income to net income before taxes for the nine months ended September
30, 2025, and 2024.

    September 30,  2025  
    September 30,  2024 
  
    Segment income from operations 
    $2,442,722  
    $5,435,007 

    Reconciling items 

    Other profit (loss) [1] 
     (4,384,585) 
     (3,908,099)
  
    Bank interest 
     154,394  
     46,798 
  
    Event ticket sales 
     274,430  
     350,635 
  
    Leasing income 
     189,733  
     300,248 
  
    All other, net 
     222,368  
     31,979 

    Net income (loss) before income taxes 
    $(1,100,938) 
    $2,256,568 

    [1]
    Other
    profit (loss) is attributable to corporate and nonoperating segment expenses and is therefore not included in the total for segment
    gross profit (loss).

NOTE
13 – ACQUISITION

On
October 11, 2024, Renu Laboratories LLC (a wholly owned subsidiary of myLife Wellness Company which is a wholly owned subsidiary of
Investview, Inc.) closed on the purchase of the business and assets of Renu Labs, Inc. (“Seller”), along with a 100%
ownership interest in Goldman’s Pharmaceuticals LLC and a 50%
ownership interest in ELRT Technologies, LLC (together known as “Renu Labs”) from Gregg Hanson. Renu Labs is a
manufacturer of proprietary and other health, beauty, and wellness products. The total purchase price of Renu Labs was $1,780,000.

The
transaction was accounted for as a business combination using the acquisition method of accounting in accordance with the ASC Topic 805,
Business Combination. The following table summarizes the purchase accounting for the fair value of the assets acquired and liabilities
assumed at the date of the acquisition:

SCHEDULE
OF FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED AT DATE OF ACQUISITION 

    Cash 
    $1,495 
  
    Customer deposits – intercompany