Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 73

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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 wish to continue with the membership. Revenues are deferred during the trial period as collection
is not probable until that time has passed. Revenues are presented net of refunds, sales incentives, credits, and known and estimated
credit card chargebacks. As of March 31, 2025 and December 31, 2024, our deferred revenues for membership revenue were $1,852,839 and
$1,905,734, respectively.

Mining Revenue

We generate revenue from mining bitcoin. The Company
has entered into a digital asset mining pool by executing a contract, as amended from time to time, with the mining pool operator to provide
computing power to the mining pool. The contract is terminable at any time by either party without penalty. Further, since the contract
is continuously renewing, second by second, the mining contract is considered to have a duration of less than 24 hours for accounting
purposes. The Company’s enforceable right to compensation only begins when the Company provides computing power to the mining pool
operator. In exchange for providing computing power, we are entitled to a Full-Pay-Per-Share payout of Bitcoin based on a contractual
formula, which calculates our share of block rewards, transaction fees, and mining pool operator fees. We are entitled to consideration
even if a block is not successfully placed by the mining pool operator.

Providing computing power to solve complex cryptographic
algorithms in support of the Bitcoin blockchain (in a process known as “solving a block”) is an output of the Company’s
ordinary activities. The provision of providing such computing power is the only performance obligation in the Company’s contract
with the mining pool operator. The transaction consideration the Company receives is net of a contractually agreed upon mining pool operator
fee charged and kept by the mining pool operator and is noncash, in the form of Bitcoin. Given that the contract is continuously renewing,
and the duration is considered to be less than 24 hours, the Company measures the transaction consideration at fair value on the date
Bitcoin is received. The consideration is variable. The amount of consideration recognized is constrained to the amount of consideration
received, which is when it is probable a significant reversal will not occur. There is no significant financing component or risk of a
significant revenue reversal in these transactions due to the performance obligations and settlement of the transactions being on a daily
basis.

Health and Wellness Product Sales and Other Revenue

Through our wholly owned subsidiary, Renu Laboratories
LLC, we generate