Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1702

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 1702
---
 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.

31

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:

    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)
  
    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, 2023

Revenue
generated for the year ended December 31, 2023, was as follows:

    Membership
                                                                               Revenue  
    Cryptocurrency Revenue  
    Mining Revenue  
    Miner Repair Revenue  
    Total 
  
    Gross billings/receipts 
    $60,516,836  
    $990,