Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 115

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 115
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 partially offset by an increase of $2.7 million in health and wellness
product sales and an increase of $78 thousand in other revenue, also related to our health and wellness product sales. The $12.5 million
(35%) decrease in membership revenue was due to the global macroeconomic downturn as individuals re-evaluated their spending priorities,
lifestyle habits, and engagement preferences, causing a slowdown in direct sales and home-based businesses. The $1.7 million (39%) decrease
in mining revenue was a result of “Bitcoin Halving” which occurred on April 19, 2024, decreasing the reward to 3.125 Bitcoin
per block solved from the previous reward rate of 6.25 Bitcoin per block solved, an increase in Bitcoin Network Difficulty, partially
offset by an increase in the price of Bitcoin. These decreases were offset by a $2.7 million increase in health and wellness product
sales and a $78 thousand increase in other revenue related to our health and wellness sales that arose from our October 2024 acquisition
of the purchase of the business and assets of Renu Laboratories, Inc.

34

Operating
Costs and Expenses

    Nine Months Ended September 30,  
    Increase 

    2025  
    2024  
    (Decrease) 

    (unaudited)  
    (unaudited)  

    Cost of sales and service 
    $6,160,210  
    $4,703,513  
    $1,456,697 
  
    Commissions 
     13,260,667  
     19,988,364  
     (6,727,697)
  
    Selling and marketing 
     543,214  
     548,559  
     (5,345)
  
    Salary and related 
     5,202,824  
     4,859,463  
     343,361 
  
    Professional fees 
     1,554,123  
     1,201,406  
     352,717 
  
    Impairment expense 
     -  
     977,418  
     (977,418)
  
    Gain (loss) on disposal of assets 
     (113,251) 
     180,223  
     (293,474)
  
    General and administrative 
     3,966,771