Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 715

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 715
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, and marketing costs as incurred. Advertising, selling, and marketing costs include costs of promoting our
product worldwide, including promotional events. Advertising, selling, and marketing expenses for the year ended December 31, 2024 and
2023, totaled $569,491 and $560,065, respectively.

    F-12

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

Cost
of Sales and Service

Included
in our costs of sales and services is amounts paid to our trading and market experts that provide financial education content and tools
to our membership customers, hosting and electricity fees that we pay to vendors to set up our mining equipment at third-party sites
in order to generate mining revenue, and the raw material and manufacturing costs of our health and wellness product sales. Costs of
sales and services for the year ended December 31, 2024 and 2023, totaled $6,056,491 and $10,736,709, respectively.

Inventory

As
of December 31, 2024, inventory consists of raw materials, work in progress, and finished goods to be sold as part of our health and
wellness product sales. Inventory is valued at the lower of cost or net realizable value using the first-in, first-out (FIFO) method
and is inclusive of any shipping and tax costs.

Due
to the discontinuation of our miner repair business during the quarter ended June 30, 2023, all related inventory was sold. During the
year ended December 31, 2023, we recognized a loss on disposal of assets of $174,835.

As
of December 31, 2024 and 2023 the net realizable value of our inventory was $495,865 and $0, respectively.

Income
Taxes

We
have adopted ASC Subtopic 740-10, Income Taxes, which requires the recognition of deferred tax liabilities and assets for the expected
future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax
liabilities and assets are determined based on the difference between financial statements and tax basis of assets and liabilities using
enacted tax rates in effect for the year in which the differences are expected to reverse.

Net
Income (Loss) per Share

We
follow ASC Subtopic 260-10, Earnings per Share, which specifies the