Investview, Inc. Files Q2 2024 10-Q

TL;DR

Investview Q2 2024 10-Q is in: check subscription & mining revenue vs last year.

AI Summary

Investview, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported subscription revenue and mining revenue for the second quarter and the first six months of 2024, comparing these figures to the same periods in 2023. The filing also includes balance sheet information as of June 30, 2024, and December 31, 2023.

Why It Matters

This filing provides investors with the latest financial performance data for Investview, Inc., including revenue streams and balance sheet details, crucial for assessing the company's current financial health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company's financial performance and specific revenue details could present investment risks.

Key Numbers

• Q2 2024 — Reporting Period (Second quarter financial performance)
• First six months of 2024 — Reporting Period (Year-to-date financial performance)
• June 30, 2024 — Balance Sheet Date (Assets and liabilities as of this date)

Key Players & Entities

• Investview, Inc. (company) — Filer of the 10-Q
• June 30, 2024 (date) — End of reporting period
• 20240813 (date) — Filing date
• 0000862651 (company) — Central Index Key for Investview, Inc.

FAQ

Filing Documents

• form10-q.htm (10-Q) — 1016KB
• ex21-01.htm (EX-21.01) — 6KB
• ex31-01.htm (EX-31.01) — 12KB
• ex31-02.htm (EX-31.02) — 12KB
• ex32-01.htm (EX-32.01) — 6KB
• ex32-02.htm (EX-32.02) — 6KB
• 0001493152-24-031587.txt ( ) — 6409KB
• invu-20240630.xsd (EX-101.SCH) — 43KB
• invu-20240630_cal.xml (EX-101.CAL) — 64KB
• invu-20240630_def.xml (EX-101.DEF) — 214KB
• invu-20240630_lab.xml (EX-101.LAB) — 435KB
• invu-20240630_pre.xml (EX-101.PRE) — 349KB
• form10-q_htm.xml (XML) — 1037KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 3

– FINANCIAL STATEMENTS

ITEM 1 – FINANCIAL STATEMENTS 3 Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023 3 Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 (Unaudited) 6 Notes to Condensed Consolidated Financial Statements as of June 30, 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 24

– QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 29

– CONTROLS AND PROCEDURES

ITEM 4 – CONTROLS AND PROCEDURES 29

– OTHER INFORMATION

PART II – OTHER INFORMATION 29

– LEGAL PROCEEDINGS

ITEM 1 – LEGAL PROCEEDINGS 29

A – RISK FACTORS

ITEM 1.A – RISK FACTORS 29

– UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 29

– DEFAULTS UPON SENIOR SECURITIES

ITEM 3 – DEFAULTS UPON SENIOR SECURITIES 30

– MINE SAFETY DISCLOSURES

ITEM 4 – MINE SAFETY DISCLOSURES 30

– OTHER INFORMATION

ITEM 5 – OTHER INFORMATION 30

– EXHIBITS

ITEM 6 – EXHIBITS 30 SIGNATURE PAGE 31 2 PART I – FINANCIAL INFORMATION ITEM 1 – FINANCIAL STATEMENTS Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023 INVESTVIEW, INC. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2024 December 31, 2023 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 23,659,262 $ 20,912,276 Restricted cash, current 150,026 230,354 Prepaid assets 186,062 492,607 Receivables 2,320,012 2,232,725 Deposits, current 2,533,538 - Income tax paid in advance 538,578 - Other current assets 86,276 585,632 Total current assets 29,473,754 24,453,594 Fixed assets, net 4,061,336 6,536,823 Other assets: Operating lease right-of-use asset 60,813 110,427 Deposits 41,954 2,588,127 Total other assets 102,767 2,698,554 Total assets $ 33,637,857 $ 33,688,971 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued liabilities $ 8,119,562 $ 5,854,093 Payroll liabilities 198,943 187,419 Income tax payable 307,160 1,004,535 Deferred revenue 2,018,834 2,703,398 Derivative liability 2,332 5,732 Dividend liability 247,521 256,392 Operating lease liability, current 73,624 109,628 Related party debt, net of discounts, current 1,203,907 1,203,247 Debt, net of discounts, current 465,852 715,127 Total current liabilities 12,637,735 12,039,571 Operating lease liability, long term 285 6,048 Accrued liabilities, long term 1,289,334 1,189,643 Related party debt, net of discounts, long term 1,330,770 1,162,349 Debt, net of discounts, long term 495,789 501,062 Total long-term liabilities 3,116,178 2,859,102 Total liabilities 15,753,913 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 June 30, 2024

View Full Filing

View this 10-Q filing on SEC EDGAR