Investview, Inc. Files 10-Q for Q1 2024

TL;DR

<b>Investview, Inc. has submitted its Q1 2024 10-Q filing, detailing its financial performance and position as of March 31, 2024.</b>

AI Summary

Investview, Inc. (INVUP) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. Investview, Inc. filed its 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of the fiscal year 2024. The company's previous fiscal year ended on December 31, 2023. Investview, Inc. is incorporated in Nevada. The company's business address is in Haverford, PA.

Why It Matters

For investors and stakeholders tracking Investview, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial data for Investview, Inc., enabling them to assess the company's performance and make informed investment decisions. The report details the company's financial health, including revenue streams, assets, liabilities, and equity, offering a snapshot of its operational and financial standing.

Risk Assessment

Risk Level: low — Investview, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant new risks or material changes beyond routine financial disclosures.

Analyst Insight

Review the detailed financial statements and segment revenues within the 10-Q to understand Investview, Inc.'s Q1 2024 performance and identify any emerging trends.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed period of report)
• 2024-05-14 — Filing Date (Filed as of date)
• 2023-12-31 — Previous Fiscal Year End (Fiscal year end)
• 2023-03-31 — Prior Year Q1 End Date (Prior year period)

Key Players & Entities

• Investview, Inc. (company) — Filer name
• 0000862651 (company) — Central Index Key
• NV (company) — State of Incorporation
• PA (company) — State in business address
• 732-889-4300 (company) — Business phone number
• Global Investor Services, Inc. (company) — Former company name
• TheRetirementSolution.com, Inc. (company) — Former company name
• Voxpath Holdings, Inc. (company) — Former company name

FAQ

Industry Context

Investview, Inc. operates within the business services sector, with specific segments including subscription revenue, mining revenue, cryptocurrency, and mining equipment repair.

Regulatory Implications

The filing is a standard 10-Q, adhering to the reporting requirements of the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the revenue breakdown by segment (Subscription, Mining, Cryptocurrency, Mining Equipment Repair) for Q1 2024.
2. Compare key financial metrics (revenue, net income, assets, liabilities) with the prior year's Q1 results.
3. Review any disclosures related to related-party or non-related-party transactions.

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-05-14: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This filing represents the Q1 2024 10-Q, providing an update on the company's financial status since the previous fiscal year-end report (10-K) or the last quarterly report (10-Q).

Key Financial Figures

• $0.001 — e 1,860,981,786 shares of common stock, $0.001 par value, outstanding. INVESTVIEW, I

Filing Documents

• form10-q.htm (10-Q) — 828KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• 0001493152-24-019143.txt (&nbsp;) — 5628KB
• invu-20240331.xsd (EX-101.SCH) — 47KB
• invu-20240331_cal.xml (EX-101.CAL) — 61KB
• invu-20240331_def.xml (EX-101.DEF) — 184KB
• invu-20240331_lab.xml (EX-101.LAB) — 400KB
• invu-20240331_pre.xml (EX-101.PRE) — 303KB
• form10-q_htm.xml (XML) — 843KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 3

– FINANCIAL STATEMENTS

ITEM 1 – FINANCIAL STATEMENTS 3 Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and December 31, 2023 3 Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) for the Three Months Ended March 31, 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the Three Months Ended March 31, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 (Unaudited) 6 Notes to Condensed Consolidated Financial Statements as of March 31, 2024 (Unaudited) 7

– MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2 – MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 23

– QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 27

– CONTROLS AND PROCEDURES

ITEM 4 – CONTROLS AND PROCEDURES 27

– OTHER INFORMATION

PART II – OTHER INFORMATION 28

– LEGAL PROCEEDINGS

ITEM 1 – LEGAL PROCEEDINGS 28

A – RISK FACTORS

ITEM 1.A – RISK FACTORS 28

– UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 28

– DEFAULTS UPON SENIOR SECURITIES

ITEM 3 – DEFAULTS UPON SENIOR SECURITIES 28

– MINE SAFETY DISCLOSURES

ITEM 4 – MINE SAFETY DISCLOSURES 28

– OTHER INFORMATION

ITEM 5 – OTHER INFORMATION 28

– EXHIBITS

ITEM 6 – EXHIBITS 29 SIGNATURE PAGE 30 2 PART I – FINANCIAL INFORMATION ITEM 1 – FINANCIAL STATEMENTS INVESTVIEW, INC. CONDENSED CONSOLIDATED BALANCE SHEETS March 31, 2024 December 31, 2023 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 24,432,226 $ 20,912,276 Restricted cash, current 150,022 230,354 Prepaid assets 643,799 492,607 Receivables 2,341,037 2,232,725 Other current assets 232,834 585,632 Total current assets 27,799,918 24,453,594 Fixed assets, net 5,361,296 6,536,823 Other assets: Operating lease right-of-use asset 86,034 110,427 Deposits 2,589,062 2,588,127 Total other assets 2,675,096 2,698,554 Total assets $ 35,836,310 $ 33,688,971 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued liabilities $ 8,399,052 $ 5,854,093 Payroll liabilities 104,308 187,419 Income tax payable 1,502,815 1,004,535 Deferred revenue 2,707,418 2,703,398 Derivative liability 5,658 5,732 Dividend liability 246,297 256,392 Operating lease liability, current 102,290 109,628 Related party debt, net of discounts, current 1,203,577 1,203,247 Debt, net of discounts, current 569,410 715,127 Total current liabilities 14,840,825 12,039,571 Operating lease liability, long term 3,208 6,048 Accrued liabilities, long term 2,132,275 1,189,643 Related party debt, net of discounts, long term 1,246,559 1,162,349 Debt, net of discounts, long term 498,426 501,062 Total long-term liabilities 3,880,468 2,859,102 Total liabilities 18,721,293 14,898,673 Commitments and contingencies - - Stockholders' equity (deficit): Preferred stock, par value: $ 0.001 ; 50,000,000 shares authorized, 252,192 and 252,192 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 252 252 Common stock, par value $ 0.001 ; 10,000,000,000 shares authorized; 1,860,981,786 and 2,333,356,496 shares

View Full Filing

View this 10-Q filing on SEC EDGAR