Investview, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Investview, Inc. has filed its 2023 annual report (10-K) detailing its financial performance and corporate information.</b>

AI Summary

Investview, Inc. (INVUP) filed a Annual Report (10-K) with the SEC on March 29, 2024. Investview, Inc. filed its 2023 Form 10-K on March 29, 2024. The company's fiscal year ends on December 31st. Investview, Inc. was formerly known as Voxpath Holdings, Inc., TheRetirementSolution.com, Inc., and Global Investor Services, Inc. The company is incorporated in Nevada. The filing covers the period from January 1, 2023, to December 31, 2023.

Why It Matters

For investors and stakeholders tracking Investview, Inc., this filing contains several important signals. This filing provides a comprehensive overview of Investview's financial health and operational activities for the fiscal year 2023, crucial for investors to assess performance and future prospects. Understanding the historical company name changes and incorporation details offers context into the company's evolution and corporate structure.

Risk Assessment

Risk Level: low — Investview, Inc. shows low risk based on this filing. The filing is a standard 10-K report with no immediate red flags indicating high risk.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Investview's performance and potential challenges.

Key Numbers

• 2023-12-31 — Fiscal Year End (The end date of the reporting period.)
• 2024-03-29 — Filing Date (Date the 10-K was filed with the SEC.)
• 000-27019 — SEC File Number (The SEC's file number for Investview, Inc.)
• 0000862651 — Central Index Key (CIK) (Unique identifier for Investview, Inc. in SEC filings.)

Key Players & Entities

• Investview, Inc. (company) — Filer of the 10-K report.
• 2023-12-31 (date) — Fiscal year end date.
• 2024-03-29 (date) — Filing date of the 10-K.
• NV (state) — State of incorporation.
• Voxpath Holdings, Inc. (company) — Former company name.
• TheRetirementSolution.com, Inc. (company) — Former company name.
• Global Investor Services, Inc. (company) — Former company name.
• 732-889-4300 (phone) — Business phone number.

FAQ

Industry Context

Investview, Inc. operates in the business services sector, as indicated by its SIC code 7389.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, which governs the reporting requirements for public companies.

What Investors Should Do

1. Analyze the revenue segments reported in the full 10-K filing.
2. Examine the balance sheet and cash flow statements for financial health indicators.
3. Review any disclosed risk factors to understand potential business challenges.

Key Dates

• 2024-03-29: 10-K Filing — Annual report filing for fiscal year 2023.
• 2023-12-31: Fiscal Year End — End of the reporting period covered by the 10-K.

Year-Over-Year Comparison

This is the initial filing analyzed, so no comparison to a previous filing is available.

Key Financial Figures

• $0.001 — ction 12(g) of the Act: Common Stock, $0.001 Par Value Per Share (Title of Class)
• $0.0285 — sed upon the closing price per share of $0.0285 of the common stock as traded on the OT
• $19 million — ject to these leases) for approximately $19 million of promissory notes due on or about Dec
• $18.4 million — we had repaid or settled approximately $18.4 million of the outstanding principal amount owe
• $2,831,920 — ber 31, 2023, we recorded net income of $2,831,920, in prior years the Company has experie
• $12,944,944 — ber 31, 2022, we recorded a net loss of $12,944,944 which was due to our non-cash impairmen
• $14.6 million — e to our non-cash impairment expense of $14.6 million that had no impact on our cash flow, li
• $1.7 million — e to show net income from operations of $1.7 million and $9.4 million of cash provided by ou
• $9.4 million — ome from operations of $1.7 million and $9.4 million of cash provided by our operating activ
• $28,375,235 — ber 31, 2021, we recorded a net loss of $28,375,235 which was due to a one-time non-recurri
• $51.6 million — e to a one-time non-recurring charge of $51.6 million that had no impact on our cash flow, li
• $23.2 million — e to show net income from operations of $23.2 million and $27.7 million of cash provided by o
• $27.7 million — me from operations of $23.2 million and $27.7 million of cash provided by our operat

Filing Documents

• form10-k.htm (10-K) — 1612KB
• ex3-06.htm (EX-3.06) — 2KB
• ex3-07.htm (EX-3.07) — 2KB
• ex23-01.htm (EX-23.01) — 4KB
• ex31-1.htm (EX-31.1) — 14KB
• ex31-2.htm (EX-31.2) — 14KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• ex3-06_001.jpg (GRAPHIC) — 321KB
• ex3-06_002.jpg (GRAPHIC) — 67KB
• ex3-07_001.jpg (GRAPHIC) — 341KB
• ex3-07_002.jpg (GRAPHIC) — 284KB
• ex3-07_003.jpg (GRAPHIC) — 178KB
• ex23-01_001.jpg (GRAPHIC) — 7KB
• 0001493152-24-011916.txt (&nbsp;) — 9111KB
• invu-20231231.xsd (EX-101.SCH) — 53KB
• invu-20231231_cal.xml (EX-101.CAL) — 72KB
• invu-20231231_def.xml (EX-101.DEF) — 226KB
• invu-20231231_lab.xml (EX-101.LAB) — 501KB
• invu-20231231_pre.xml (EX-101.PRE) — 384KB
• form10-k_htm.xml (XML) — 1035KB

Business

Item 1. Business 4

Risk Factors

Item 1A. Risk Factors 7

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 19

Cybersecurity

Item 1C. Cybersecurity 19

Properties

Item 2. Properties 20

Legal Proceedings

Item 3. Legal Proceedings 20

Mine Safety Disclosure

Item 4. Mine Safety Disclosure 20 PART II 21

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 21

[Reserved]

Item 6. [Reserved] 21

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 21

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 29

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 29

Changes In and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 29

Controls and Procedures

Item 9A. Controls and Procedures 29

Other Information

Item 9B. Other Information 30

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 30 PART III 31

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 31

Executive Compensation

Item 11. Executive Compensation 33

Security Ownership of Certain Beneficial Owners, Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners, Management and Related Stockholder Matters 36

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 37

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 39

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 39

Form 10-K Summary

Item 16. Form 10-K Summary 47

SIGNATURES

SIGNATURES 48 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS We and our representatives may from time to time make written or oral statements that are "forward-looking", including statements contained in Item 1. "Business" and Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" within this Form 10-K, in our other filings with the SEC, or in reports to our stockholders. In some cases, we have identified forward-looking statements by such words or phrases as "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words and phrases. Such forward-looking company based on currently available information. These forward-looking statements may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors listed in Item 1A "Risk Factors" of this Form 10-K. You should specifically consider the numerous risks outlined under "Risk Factors." We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date mad

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View this 10-K filing on SEC EDGAR