Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 707

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 707
---
     -  
     (722,324)
  
    Receivables 
    $2,534,727  
    $2,232,725 

[1]We
                                            have recently had to pursue collection efforts through litigation against one of our credit
                                            card processors and its clearing bank, as efforts to collect approximately $1.87 million
                                            of our credit card receivables has not proven timely. See “NOTE 10-Commitments and
                                            Contingencies.”

Fixed
Assets

Fixed
assets are stated at cost and depreciated using the straight-line method over their estimated useful lives. When retired or otherwise
disposed, the carrying value and accumulated depreciation of the fixed asset is removed from its respective accounts and the net difference
less any amount realized from disposition is reflected in earnings. Expenditures for maintenance and repairs, which do not extend the
useful lives of the related assets are expensed as incurred.

Fixed
assets were made up of the following at each balance sheet date:

 SCHEDULE OF FIXED ASSETS

    Estimated 

    Useful 

    Life 
    December 31,  
    December 31, 

    (years) 
    2024  
    2023 
  
    Furniture,
    fixtures, and equipment 
    10 
    $717  
    $717 
  
    Computer equipment 
    3 
     28,571  
     11,308 
  
    Data processing equipment 
    3 
     11,824,560  
     14,084,670 
  
    Manufacturing
    equipment 
    3-25 
     1,161,701  
     - 

     13,015,549  
     14,096,695 
  
    Accumulated
    depreciation 
      
     (11,147,108) 
     (7,559,872)
  
    Net
    book value 
      
    $1,868,441  
    $6,536,823 

Total
depreciation expense for the years ended December 31, 2024 and 2023, was $3,875,614 and $4,450,466, respectively, all of which was recorded
in our general and administrative expenses on our statement of operations. During the year ended December 31, 2024, we disposed of assets
with a net book