Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 477

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9B
Chunk 477
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 amendments. The Company has
not yet adopted ASU No. 2023-08 and is currently evaluating the impact that the adoption will have on the Company’s financial statement
presentation and disclosures.

In
December 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements
to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 expands existing income tax disclosures for rate reconciliations by
requiring disclosure of certain specific categories and additional reconciling items that meet quantitative thresholds and expands disclosures
for income taxes paid by requiring disaggregation by certain jurisdictions. ASU 2023-09 is effective for annual periods beginning after
December 15, 2024; early adoption is permitted. The Company did not elect early adoption and is currently evaluating the impact the updated
guidance will have on its 2025 disclosures.

In
November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU
2023-07”). ASU 2023-07 is intended to enhance reportable segment disclosures by requiring disclosures of significant segment expenses
regularly provided to the CODM, requiring disclosure of the title and position of the CODM and explanation of how the reported measures
of segment profit and loss are used by the CODM in assessing segment performance and allocation of resources. ASU 2023-07 is effective
for the Company for annual periods beginning after December 31, 2023. The Company adopted ASU 2023-07 for the year ended December 31,
2024. As a result of the adoption, the Company added this disclosure in Note 11. Segment Information, to present significant expenses
that are included within cost of revenue, by reportable segment, which are presented to the CODM.

In
December 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures
(Subtopic 220-40) (“ASU 2024-03”). ASU 2024-03 requires, in the notes to the financial statements, disclosures of specified
information about certain costs and expenses specified in the updated guidance. ASU 2024-03 is effective for annual reporting periods
beginning after December 15, 2026