Investview, Inc. Files Q3 2024 10-Q

TL;DR

**Investview Q3 10-Q is IN. Subscription & mining revs detailed vs. last year. Check it.**

AI Summary

Investview, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported subscription revenue and mining revenue for the third quarter and the first nine months of 2024, comparing these figures to the same periods in 2023. Specific financial details regarding these revenues and other financial statement line items are presented within the filing.

Why It Matters

This filing provides investors with the latest financial performance data for Investview, Inc., including subscription and mining revenues, crucial for assessing the company's operational health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company's specific financial performance and market conditions could introduce medium-level risk.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 2024-11-13 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
• Q3 2024 — Fiscal Quarter (Specifies the third quarter of the fiscal year 2024 covered by the report.)

Key Players & Entities

• Investview, Inc. (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-11-13 (date) — Filing date
• 521 W. LANCASTER AVE (address) — Company's business and mailing address
• HAVERFORD, PA (address) — Company's business and mailing city and state

FAQ

Filing Documents

• form10-q.htm (10-Q) — 1617KB
• ex21-01.htm (EX-21.01) — 8KB
• ex31-01.htm (EX-31.01) — 13KB
• ex31-02.htm (EX-31.02) — 13KB
• ex32-01.htm (EX-32.01) — 6KB
• ex32-02.htm (EX-32.02) — 6KB
• 0001493152-24-045065.txt ( ) — 7999KB
• invu-20240930.xsd (EX-101.SCH) — 45KB
• invu-20240930_cal.xml (EX-101.CAL) — 64KB
• invu-20240930_def.xml (EX-101.DEF) — 231KB
• invu-20240930_lab.xml (EX-101.LAB) — 455KB
• invu-20240930_pre.xml (EX-101.PRE) — 363KB
• form10-q_htm.xml (XML) — 1476KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 3

– FINANCIAL STATEMENTS

ITEM 1 – FINANCIAL STATEMENTS 3 Condensed Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 3 Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Cash Flows for the nine Months Ended September 30, 2024 and 2023 (Unaudited) 6 Notes to Condensed Consolidated Financial Statements as of September 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 25

– QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 31

– CONTROLS AND PROCEDURES

ITEM 4 – CONTROLS AND PROCEDURES 31

– OTHER INFORMATION

PART II – OTHER INFORMATION 31

– LEGAL PROCEEDINGS

ITEM 1 – LEGAL PROCEEDINGS 31

A – RISK FACTORS

ITEM 1.A – RISK FACTORS 32

– UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 32

– DEFAULTS UPON SENIOR SECURITIES

ITEM 3 – DEFAULTS UPON SENIOR SECURITIES 32

– MINE SAFETY DISCLOSURES

ITEM 4 – MINE SAFETY DISCLOSURES 32

– OTHER INFORMATION

ITEM 5 – OTHER INFORMATION 32

– EXHIBITS

ITEM 6 – EXHIBITS 33 SIGNATURE PAGE 34 2 PART I – FINANCIAL INFORMATION ITEM 1 – FINANCIAL STATEMENTS INVESTVIEW, INC. CONDENSED CONSOLIDATED BALANCE SHEETS September 30, December 31, 2024 2023 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 24,452,902 $ 20,912,276 Restricted cash, current - 230,354 Prepaid assets 319,723 492,607 Receivables 2,480,704 2,232,725 Deposits, current 2,533,538 - Income tax paid in advance 543,292 - Other current assets 461,674 585,632 Total current assets 30,791,833 24,453,594 Fixed assets, net 2,047,943 6,536,823 Other assets: Operating lease right-of-use asset 34,633 110,427 Deposits 41,954 2,588,127 Total other assets 76,587 2,698,554 Total assets $ 32,916,363 $ 33,688,971 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued liabilities $ 8,755,185 $ 5,854,093 Payroll liabilities 127,696 187,419 Income tax payable 301,161 1,004,535 Deferred revenue 2,365,008 2,703,398 Derivative liability 298 5,732 Dividend liability 250,905 256,392 Operating lease liability, current 41,275 109,628 Related party debt, net of discounts, current 1,204,237 1,203,247 Debt, net of discounts, current 324,600 715,127 Total current liabilities 13,370,365 12,039,571 Operating lease liability, long term - 6,048 Accrued liabilities, long term 446,394 1,189,643 Related party debt, net of discounts, long term 1,415,906 1,162,349 Debt, net of discounts, long term 493,204 501,062 Total long-term liabilities 2,355,504 2,859,102 Total liabilities 15,725,869 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 September 30, 2024 and December 31, 2023, respectively 252 252 Common stock, par value $ 0.001 ; 10,000,000

View Full Filing

View this 10-Q filing on SEC EDGAR