Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 2171

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 2171
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 to request a refund, therefore we would record a customer
advance on our balance sheet upon receipt of payment. After the two weeks have passed from order placement, we request our third-party
supplier to deliver coin and protection (if applicable), at which time we recognize revenue and the amounts due to our supplier on our
books.

During 2024, we generated no revenue from the sale of cryptocurrency packages.

Mining
Equipment Repair Revenue

Through
our wholly owned subsidiary, SAFETek, LLC, prior to June 30, 2023, we repaired broken mining equipment for sale to third-party customers.
Our mining equipment repair business was discontinued during the quarter ended June 30, 2023.

Prior
to June 30, 2023, we recognized miner repair revenue in accordance with ASC 606-10 where revenue is measured based on a consideration
specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance
obligation was to deliver the promised goods to our customers.

Revenue
generated for the year ended December 31, 2024

Revenue
generated for the year ended December 31, 2024, was as follows:

SCHEDULE OF REVENUE GENERATED 

    Membership
    revenue  
    Mining
    revenue  
    Health
    and wellness product sales  
    Other
    Revenue  
    Total 
  
    Gross billings/receipts 
    $50,086,839  
    $5,186,606  
    $110,856  
    $23,404  
    $55,407,705 
  
    Refunds,
    incentives, credits, and chargebacks 
     (3,025,549) 
     -  
     (185) 
     -  
     (3,025,734)
  
    Amounts
    paid to supplier 

    Net
    revenue 
    $47,061,290  
    $5,186,606  
    $110,671  
    $23,404  
    $52,381,971 

Foreign
revenues for the year ended December 31, 2024 were approximately $42.9 million while domestic revenue for the year ended December 31,
2024 was approximately $9.5 million.

Revenue
generated for the year ended December 31, 2024

Revenue
generated for the year ended December 31