Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 25

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---

     232,834 

Prior to Adoption of ASU 2023-08, Accounting for
and Disclosure of Digital Assets

Digital assets

Prior to the adoption of ASU 2023-08, digital assets
were accounted for as indefinite-lived intangible assets and were initially measured in accordance with ASC 350 - Intangible-Goodwill
and Other. Digital assets were not amortized, but were assessed for impairment annually, or more frequently, when events or changes in
circumstances occur indicating that it is more likely than not that the indefinite-lived intangible asset is impaired. Whenever the exchange-traded
price of digital assets declined below its carrying value, the Company was required to determine if an impairment existed and to record
an impairment equal to the amount by which the carrying value exceeded the fair value.

    16

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF March 31, 2025

(Unaudited)

The following table presents a roll-forward of digital
assets for the three months ended March 31, 2024, based on the cost-impairment model under ASC 350:

    Cost Basis 
  
    Balance as of December 31, 2023 
    $585,632 

    Beginning balance, Cost Basis 
    $585,632 

    Revenue recognized from Bitcoin mined (49.82 BTC) 
     2,642,599 
  
    Revenue recognized from Bitcoin mined 
     2,642,599 

    Digital assets collected from membership revenue 
     407,138 
  
    Operating expenses paid with digital assets 
     (3,599,825)
  
    Dividends paid via digital assets 
     (40,170)
  
    Debt extinguished in exchange for digital assets 
     (38,767)
  
    Realized (gain) loss on sale of digital assets 
     276,227 
  
    Balance as of March 31, 2024 
    $232,834 
  
    Ending balance, Cost Basis 
    $232,834 

NOTE 6 – RELATED-PARTY TRANSACTIONS

Related Party
Debt

Our related-party payables consisted of the following:

SCHEDULE OF RELATED PARTY PAYABLES 

    March 31,
                                                                               2025  
    December 31, 2024 
  
    Convertible Promissory Note entered into