Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 12

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 less an allowance for doubtful accounts based on a review of all outstanding amounts. Management determines the
allowance for doubtful accounts by regularly evaluating individual receivables and receivables are written off when deemed uncollectible.
Recoveries of receivables previously written off are recorded when received.

    8

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF March 31, 2025

(Unaudited)

Receivables were made up of the following as of each
balance sheet date:

 SCHEDULE
OF RECEIVABLES

    March 31,  
    December 31, 

    2025  
    2024 
  
    Due from merchant processors 
    $236,486  
    $318,921 
  
    Held in reserve by merchant processors for future returns and chargebacks [1] 
     1,872,035  
     1,872,035 
  
    Due from payout service providers 
     34,202  
     296,558 
  
    Accounts and other receivables 
     88,854  
     47,213 
  
    Receivable, gross 
     2,231,577  
     2,534,727 
  
    Allowance for doubtful accounts 
     -  
     - 
  
    Receivables 
    $2,231,577  
    $2,534,727 

    [1]
    We have recently had to pursue collection efforts through litigation against one of our credit card processors and its clearing bank, as we have been unable to timely collect such amounts due through our normal course credit collection practices. 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 
    March 31,  
    December 31, 

    (years