Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1082

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 1082
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 to accurately predict, including, without limitation:
the duration and scope of the pandemic; the success in delivering and efficacy of vaccines; governmental, business and individuals’
actions that have been and will be taken in response to the pandemic (including restrictions on travel and transport and workforce pressures);
the effect on our suppliers and customers and customer demand for our core products and services; the effect on our sources of supply;
the impact of the pandemic on economic activity and actions taken in response; closures of our and our suppliers’ and customers’
offices and facilities; the ability of our customers to pay for our products and services; financial market volatility; commodity prices;
and the pace of recovery. We cannot predict the duration or direction of current or new global trends or their sustained impact. Ultimately,
we continue to monitor macroeconomic conditions to remain flexible and to optimize and evolve our business as appropriate, and we will
have to accurately project demand and infrastructure requirements globally and deploy our workforce and capital resources accordingly.
If we experience unfavorable global market conditions, or if we cannot or do not maintain operations at a scope that is commensurate
with such conditions or are later required to or choose to suspend such operations again, our business, prospects, financial condition,
and operating results may be harmed.

During
2024, we instituted collection efforts through litigation against one of our credit card processors and its clearing bank as efforts
to account for and collect approximately $1.87 million of our credit card receivables that were supposed to have been held by them in
reserve, have not proven successful.

The
Company’s financial statements as of December 31, 2024, reflect a receivables balance of $2.53 million. Of that balance, $2.19
million represents receivables that arise out of credit card transactions generated by the Company’s iGenius subsidiary. The credit
card transactions that arise out of the ordinary course operations of the Company’s iGenius subsidiary are processed by the Company’s
credit card processors, in conjunction with their clearing banks. Over time, the balance of credit card collections being held by one
of our credit card processors and its clearing bank, which are legally supposed to be held for the benefit of the Company, subject to
coverage for chargebacks and other normal course collection issues, has increased to approximately $1.87 million, an amount that has
been generally confirmed by the credit card processor. As they had been unresponsive to our repeated demands for payment, claiming that
they were in