Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 59

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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     407,883  
     378,467  
     29,416 
  
    Gain on disposal of assets 
     (91,837) 
     180,223  
     (272,060)
  
    General and administrative 
     1,266,330  
     2,067,598  
     (801,268)
  
    Total operating costs and expenses 
    $10,041,012  
    $12,651,599  
    $(2,610,587)

Operating
costs decreased $2,610,587 or (21%), from $12,651,599 for the three months ended June 30, 2024, to $10,041,012 for the three months ended
June 30, 2025. The decrease can be explained by a reduction in commissions of $2.3 million, which was a result of a decrease in our membership
revenue, a reduction in general and administrative expenses of $801 thousand, which was a result of decreases in credit card processing
fees due to the decreases in our membership revenue, decreases in costs related to our mining operations, and a reduction in selling
and marketing expenses of $428 thousand, which was due to a decrease in costs associated with promotional events iGenius held during
the three months ended June 30, 2025 and 2024. These decreases were offset by an increase in cost of sales and services of $1.2 million,
which was a result of an increase in our health and wellness product sales.

Other
Income and Expenses

    Three Months Ended June 30,  

    2025  
    2024  
    Change 

    (unaudited)  
    (unaudited)  

    Gain (loss) on fair value of derivative liability 
    $2,248  
    $3,326  
    $(1,078)
  
    Realized gain (loss) on digital assets 
     132,995  
     6,327  
     126,668 
  
    Unrealized gain (loss) on digital assets 
     399,442  
     -  
     399,442 
  
    Interest expense 
     (7,333) 
     (4,675) 
     (2,658)
  
    Interest expense, related parties 
     (309,