Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1789

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 1789
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. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of
enactment. The Company used an effective tax rate of 21% when calculating the deferred tax assets and liabilities and income tax provision
below.

The
Company’s income (loss) before income taxes were broken down as follows:

 SCHEDULE
OF INCOME BEFORE INCOME TAXES

    Year Ended
                                                                               December 31, 2024  
    Year Ended
                                                                               December 31, 2023 
  
    Domestic 
    $2,085,356  
    $5,010,332 
  
    Foreign 
     -  
     - 
  
    Total
    Income (loss) before income taxes 
    $2,085,356  
    $5,010,332 

The
Company’s tax provision (benefit) as of December 31, 2024 and 2023 is summarized as follows:

 SCHEDULE
OF TAX PROVISION BENEFIT

    December
    31, 2024  
    December
    31, 2023 
  
    Current 

    Federal 
    $903,347  
    $2,138,412 
  
    State 
     (8,407) 
     40,000 
  
    Foreign 
     -  
     - 
  
    Total
    current income tax expense 
     894,940  
     2,178,412 

    Total
    income tax expense 
    $894,940  
    $2,178,412 

Net
deferred tax assets consist of the following components as of December 31, 2024 and 2023:

 SCHEDULE
OF DEFERRED TAX ASSETS AND LIABILITIES

    December
    31, 2024  
    December
    31, 2023 
  
    Deferred tax assets 

    NOL
    carryover 
    $2,417,161  
    $2,982,071 
  
    Amortization 
     1,850,667  
     1,771,645 
  
    Other
    accruals 
     1,988,821  
     1,800,662 
  
    Depreciation 
     862,384  
     562,982 
  
    Investment
    in