Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 129

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 129
---
    Net revenue 
    $8,791,443  
    $862,944  
    $368,321  
    $7,344  
    $10,030,052 

Foreign revenues for the three months ended March 31, 2025 were approximately
$7.6 million while domestic revenue for the three months ended March 31, 2025 was approximately $2.4 million.

Revenue generated for the three months ended March
31, 2024, was as follows:

    Membership Revenue  
    Mining Revenue  
    Total 
  
    Gross billings/receipts 
    $13,851,294  
    $2,642,599  
    $16,493,893 
  
    Refunds, incentives, credits, and chargebacks 
     (821,976) 
     -  
     (821,976)
  
    Net revenue 
    $13,029,318  
    $2,642,599  
    $15,671,917 

Foreign revenues for the three months ended March
31, 2024 were approximately $11.8 million while domestic revenue for the three months ended March 31, 2024 was approximately $3.9 million.

33

Recent Accounting Pronouncements

In December 2023, the FASB issued ASU No. 2023-08,
Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets. The amendments
in ASU No. 2023-08 are intended to improve the accounting for certain crypto assets by requiring an entity to measure those crypto assets
at fair value each reporting period with changes in fair value recognized in net income. The amendments also improve the information provided
to investors about an entity’s crypto asset holdings by requiring disclosure about significant holdings, contractual sale restrictions,
and changes during the reporting period. The amendments are effective for all entities for fiscal years beginning after December 15, 2024,
including interim periods within those fiscal years. The Company adopted ASU No. 2023-08 for the year ended December 31, 2025, effective
as of January 1, 2025, which had a material impact on the financial statements.

In December 2023, the FASB issued ASU No. 2023-09,
Income Taxes (Topic 740): Improvements to Income Tax Disclosures