Form 10-Q - Quarterly report [Sections 13 or 15(d)]

U.S. Securities and Exchange Commission

Washington, DC 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED

September 30, 2023

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from__________________ to _______________________.

Commission File Number 000-27019

Investview, Inc.

(Exact name of registrant as specified in its charter)

Nevada		87-0369205
(State or other jurisdiction of incorporation)		(I.R.S. Employer Identification No.)

521 West Lancaster Avenue

Second Floor

Haverford, Pennsylvania, 19041

(Address of principal executive offices)

Issuer’s telephone number: 732-889-4300

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class		Trading Symbol(s)		Name of each exchange on which registered

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes

☒

☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes

☒

☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☒	Smaller reporting company ☒
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

Yes

☐

☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of November 10, 2023, there were 2,333,356,496 shares of common stock, $0.001 par value, outstanding.

INVESTVIEW, INC.

Form 10-Q for the Nine Months Ended September 30, 2023

Table of Contents

PART I – FINANCIAL INFORMATION	3
ITEM 1 – FINANCIAL STATEMENTS	3
Condensed Consolidated Balance Sheets as of September 30, 2023 (Unaudited) and December 31, 2022	3
Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) for the Three and Nine Months Ended September 30, 2023 and 2022 (Unaudited)	4
Condensed Consolidated Statements of Stockholders’ Equity (Deficit) for the Three and Nine Months Ended September 30, 2023 and 2022 (Unaudited)	5
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2023 and 2022 (Unaudited)	6
Notes to Condensed Consolidated Financial Statements as of September 30, 2023 (Unaudited)	7
ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	23
ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	30
ITEM 4 – CONTROLS AND PROCEDURES	30
PART II – OTHER INFORMATION	31
ITEM 1 – LEGAL PROCEEDINGS	31
ITEM 1.A – RISK FACTORS	31
ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	31
ITEM 3 – DEFAULTS UPON SENIOR SECURITIES	31
ITEM 4 – MINE SAFETY DISCLOSURES	31
ITEM 5 – OTHER INFORMATION	31
ITEM 6 – EXHIBITS	32
SIGNATURE PAGE	33

PART I – FINANCIAL INFORMATION

ITEM 1 – FINANCIAL STATEMENTS

INVESTVIEW, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30,			December 31,
	2023			2022
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	22,512,638		$	20,317,253
Restricted cash, current		390,119			931,540
Prepaid assets		1,031,876			366,561
Receivables		1,925,758			1,255,542
Inventory		-			249,480
Income tax paid in advance		84,533			535,932
Other current assets		2,047,582			2,360,957
Total current assets		27,992,506			26,017,265

Fixed assets, net		7,736,196			8,508,274

Other assets:
Restricted cash, long term		-			240,105
Other restricted assets, long term		135,670			113,139
Operating lease right-of-use asset		134,419			223,692
Deposits		2,588,127			473,598
Total other assets		2,858,216			1,050,534

Total assets	$	38,586,918		$	35,576,073

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued liabilities	$	6,270,194		$	4,608,786
Payroll liabilities		83,461			197,300
Income tax payable		245,402			240,603
Customer advance		-			96,609
Deferred revenue		2,803,982			2,074,574
Derivative liability		8,827			24,426
Dividend liability		240,410			236,630
Operating lease liability, current		115,901			148,226
Related party debt, net of discounts, current		1,202,917			1,201,927
Debt, net of discounts, current		2,938,757			2,938,757
Total current liabilities		13,909,851			11,767,838

Operating lease liability, long term		30,132			79,432
Accrued liabilities, long term		1,586,190			-
Related party debt, net of discounts, long term		1,077,213			824,581
Debt, net of discounts, long term		3,335,519			5,529,646
Total long term liabilities		6,029,054			6,433,659

Total liabilities		19,938,905			18,201,497

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, 2023 and December 31, 2022, respectively		252			252
Common stock, par value $0.001; 10,000,000,000 shares authorized; 2,333,356,496 and 2,636,275,489 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively		2,333,356			2,636,275
Additional paid in capital		103,527,994			104,350,746
Accumulated other comprehensive income (loss)		(23,218	)		(23,218	)
Accumulated deficit		(87,190,371	)		(89,589,479	)
Total stockholders’ equity (deficit)		18,648,013			17,374,576

Total liabilities and stockholders’ equity (deficit)	$	38,586,918		$	35,576,073

The accompanying notes are an integral part of these condensed consolidated financial statements.

INVESTVIEW, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND OTHER COMPREHENSIVE INCOME (LOSS)

(Unaudited)

	2023			2022			2023			2022
	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022

Revenue:
Subscription revenue, net of refunds, incentives, credits, and chargebacks	$	16,117,992		$	11,823,581		$	41,659,185		$	36,658,790
Mining revenue		2,905,182			2,777,634			7,798,279			9,412,751
Cryptocurrency revenue		146,466			351,433			513,285			1,308,809
Mining equipment repair revenue		-			43,511			23,378			123,621
Digital wallet revenue		-			-			-			5,868
Total revenue, net		19,169,640			14,996,159			49,994,127			47,509,839

Operating costs and expenses:
Cost of sales and service		3,147,890			2,144,733			7,614,768			5,873,214
Commissions		9,272,024			6,551,195			24,005,229			20,380,676
Selling and marketing		7,410			17,874			536,464			53,139
Salary and related		1,714,299			2,359,225			5,416,292			5,215,833
Professional fees		285,133			601,367			1,202,674			2,350,687
Impairment expense		-			625			-			7,008
Loss (gain) on disposal of assets		-			(118,041	)		184,221			(389,550	)
General and administrative		2,500,129			2,916,167			7,190,383			7,611,867
Total operating costs and expenses		16,926,885			14,473,145			46,150,031			41,102,874

Net income (loss) from operations		2,242,755			523,014			3,844,096			6,406,965

Other income (expense):
Gain (loss) on debt extinguishment		-			-			-			455
Gain (loss) on fair value of derivative liability		11,939			2,319			15,596			40,155
Realized gain (loss) on cryptocurrency		(58,401	)		(318,000	)		170,444			(1,338,597	)
Interest expense		(4,726	)		(4,726	)		(14,024	)		(14,024	)
Interest expense, related parties		(310,594	)		(310,595	)		(929,008	)		(2,339,729	)
Other income (expense)		431,603			49,872			1,027,108			107,725
Total other income (expense)		69,821			(581,130	)		270,116			(3,544,015	)

Income (loss) before income taxes		2,312,576			(58,116	)		4,114,212			2,862,950
Income tax expense		(304,262	)		(362,563	)		(1,100,599	)		(1,004,308	)

Net income (loss)		2,008,314			(420,679	)		3,013,613			1,858,642

Dividends on Preferred Stock		(204,835	)		(204,835	)		(614,505	)		(614,505	)

Net income (loss) applicable to common shareholders	$	1,803,479		$	(625,514	)	$	2,399,108		$	1,244,137

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	-		$	-		$	-		$	(218	)
Total other comprehensive income (loss)		-			-			-			(218	)
Comprehensive income (loss)	$	2,008,314		$	(420,679	)	$	3,013,613		$	1,858,424

Basic income (loss) per common share	$	0.00		$	(0.00	)	$	0.00		$	0.00
Diluted income (loss) per common share	$	0.00		$	(0.00	)	$	0.00		$	0.00

Basic weighted average number of common shares outstanding		2,632,983,119			2,641,275,489			2,635,166,049			2,690,146,350
Diluted weighted average number of common shares outstanding		3,669,411,690			2,641,275,489			3,671,594,620			3,726,574,921

The accompanying notes are an integral part of these condensed consolidated financial statements.

INVESTVIEW, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Unaudited)

	Shares		Amount		Shares			Amount			Capital			Income (Loss)			Deficit			Total
														Accumulated
											Additional			Other
	Preferred stock				Common stock						Paid in			Comprehensive			Accumulated
	Shares		Amount		Shares			Amount			Capital			Income (Loss)			Deficit			Total

Balance, December 31, 2021		252,192	$	252		2,904,210,762		$	2,904,211		$	101,883,573		$	(23,000	)	$	(75,825,195	)	$	28,939,841
Common stock issued for services and other stock based compensation		-		-		-			-			255,163			-			-			255,163
Common stock repurchased from related parties		-		-		(43,101,939	)		(43,102	)		(1,680,906	)		-			-			(1,724,008	)
Common stock cancelled		-		-		(150,000,000	)		(150,000	)		150,000			-			-			-
Dividends		-		-		-			-			-			-			(204,835	)		(204,835	)
Foreign currency translation adjustment		-		-		-			-			-			380			-			380
Net income (loss)		-		-		-			-			-			-			2,379,029			2,379,029
Balance, March 31, 2022		252,192		252		2,711,108,823			2,711,109			100,607,830			(22,620	)		(73,651,001	)		29,645,570
Common stock issued for services and other stock based compensation		-		-		-			-			242,024			-			-			242,024
Common stock cancelled		-		-		(69,833,334	)		(69,834	)		69,834			-			-			-
Contribution of crypto currency from related party		-		-		-			-			1,185,821			-			-			1,185,821
Dividends		-		-		-			-			-			-			(204,835	)		(204,835	)
Foreign currency translation adjustment		-		-		-			-			-			(598	)		-			(598	)
Net income (loss)		-		-		-			-			-			-			(99,708	)		(99,708	)
Balance, June 30, 2022		252,192		252		2,641,275,489			2,641,275			102,105,509			(23,218	)		(73,955,544	)		30,768,274
Common stock issued for services and other stock based compensation		-		-		-			-			1,274,615			-			-			1,274,615
Dividends		-		-		-			-			-			-			(204,835	)		(204,835	)
Net income (loss)		-		-		-			-			-			-			(420,679	)		(420,679	)
Balance, September 30, 2022		252,192	$	252		2,641,275,489		$	2,641,275		$	103,380,124		$	(23,218	)	$	(74,581,058	)	$	31,417,375

Balance, December 31, 2022		252,192	$	252		2,636,275,489		$	2,636,275		$	104,350,746		$	(23,218	)	$	(89,589,479	)	$	17,374,576
Common stock issued for services and other stock based compensation		-		-		-			-			768,613			-			-			768,613
Warrant Exercise		-		-		230			-			23			-			-			23
Derivative liability extinguished with warrant exercise		-		-		-			-			3			-			-			3
Dividends		-		-		-			-			-			-			(204,835	)		(204,835	)
Net income (loss)		-		-		-			-			-			-			407,894			407,894
Balance, March 31, 2023		252,192		252		2,636,275,719			2,636,275			105,119,385			(23,218	)		(89,386,420	)		18,346,274
Common stock issued for services and other stock based compensation		-		-		-			-			628,615			-			-			628,615
Dividends		-		-		-			-			-			-			(204,835	)		(204,835	)
Net income (loss)		-		-		-			-			-			-			597,405			597,405
Balance, June 30, 2023		252,192		252		2,636,275,719			2,636,275			105,748,000			(23,218	)		(88,993,850	)		19,367,459
Balance		252,192		252		2,636,275,719			2,636,275			105,748,000			(23,218	)		(88,993,850	)		19,367,459
Common stock issued for services and other stock based compensation		-		-		-			-			649,455			-			-			649,455
Common stock purchased and canceled		-		-		(302,919,223	)		(302,919	)		(2,869,461	)		-			-			(3,172,380	)
Dividends		-		-		-			-			-			-			(204,835	)		(204,835	)
Net income (loss)		-		-		-			-			-			-			2,008,314			2,008,314
Balance, September 30, 2023		252,192	$	252		2,333,356,496		$	2,333,356		$	103,527,994		$	(23,218	)	$	(87,190,371	)	$	18,648,013
Balance		252,192	$	252		2,333,356,496		$	2,333,356		$	103,527,994		$	(23,218	)	$	(87,190,371	)	$	18,648,013

The accompanying notes are an integral part of these condensed consolidated financial statements.

INVESTVIEW INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	2023			2022
	Nine Months Ended September,
	2023			2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	3,013,613		$	1,858,642
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		3,258,738			4,251,122
Amortization of debt discount		252,632			1,643,726
Stock issued for services and other stock based compensation		2,046,683			1,771,802
Lease cost, net of repayment		7,648			(23,419	)
(Gain) loss on debt extinguishment		-			(455	)
(Gain) loss on disposal of assets		184,221			(389,550	)
(Gain) loss on fair value of derivative liability		(15,596	)		(40,155	)
Realized (gain) loss on cryptocurrency		(170,444	)		1,338,597
Impairment expense		-			7,008
Changes in operating assets and liabilities:
Receivables		(670,216	)		(68,826	)
Inventory		74,645			(371,796	)
Prepaid assets		(665,315	)		(164,124	)
Income tax paid in advance		451,399			(611,584	)
Other current assets		(1,142,470	)		(2,907,972	)
Deposits		(2,114,529	)		-
Accounts payable and accrued liabilities		(38,621	)		1,320,583
Income tax payable		4,799			(807,827	)
Customer advance		(96,609	)		66,368
Deferred revenue		729,408			(1,242,000	)
Deferred tax liability		-			994,308
Accrued interest		14,024			14,024
Accrued interest, related parties		676,377			696,002
Net cash provided by (used in) operating activities		5,800,387			7,334,474

CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received for the disposal of fixed assets		23,278			1,044,492
Cash paid for fixed assets		(2,529,237	)		(15,265,360	)
Net cash provided by (used in) investing activities		(2,505,959	)		(14,220,868	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments for related party debt		(675,387	)		(2,718,142	)
Repayments for debt		(724,130	)		(729,016	)
Payments for share repurchase		-			(1,724,008	)
Dividends paid		(481,075	)		(470,563	)
Proceeds from the exercise of warrants		23			-
Net cash provided by (used in) financing activities		(1,880,569	)		(5,641,729	)

Effect of exchange rate translation on cash		-			(218	)

Net increase (decrease) in cash, cash equivalents, and restricted cash		1,413,859			(12,528,341	)
Cash, cash equivalents, and restricted cash - beginning of period		21,488,898			32,616,906
Cash, cash equivalents, and restricted cash - end of period	$	22,902,757		$	20,088,565

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest	$	699,757		$	828,142
Income taxes	$	645,500		$	1,429,411
Non-cash investing and financing activities:
Common stock purchased and canceled	$	3,172,380		$	219,834
Derivative liability extinguished with warrant exercise	$	3		$	-
Dividends declared	$	614,505		$	614,505
Dividends paid with cryptocurrency	$	129,650		$	129,817
Debt and related party debt extinguished in exchange for cryptocurrency	$	1,484,021		$	1,487,797
Recognition of lease liability and ROU assets at lease commencement	$	23,520		$	-
Cryptocurrency received from sale of fixed assets	$	9,913		$	-
Purchase of fixed assets with cryptocurrrency	$	-		$	259,916
Transfer of fixed assets to inventory	$	-		$	567,522
Contribution of cryptocurrency from related party	$	-		$	1,185,821

The accompanying notes are an integral part of these condensed consolidated financial statements.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Organization

Investview, Inc. was incorporated on January 30, 1946, under the laws of the state of Utah as the Uintah Mountain Copper Mining Company. In January 2005, we changed domicile to Nevada and changed our name to Voxpath Holding, Inc. In September of 2006, we merged with The Retirement Solution Inc. and then changed our name to The Retirement Solution.Com, Inc. Subsequently, in October 2008, we changed our name to Global Investor Services, Inc., before changing our name to Investview, Inc., on March 27, 2012.

Effective April 1, 2017, we closed on a Contribution Agreement with the members of Wealth Generators, LLC, a limited liability company (“Wealth Generators”), pursuant to which the Wealth Generators members contributed 100% of the outstanding securities of Wealth Generators in exchange for an aggregate of 1,358,670,942 shares of our common stock. Following this transaction, Wealth Generators became our wholly owned subsidiary, and the former members of Wealth Generators became our stockholders and controlled the majority of our outstanding common stock.

On June 6, 2017, we entered into an Acquisition Agreement with Market Trend Strategies, LLC, a company whose members are also former members of our management. Under the Acquisition Agreement, we spun-off our operations that existed prior to the merger with Wealth Generators and sold the intangible assets used in those pre-merger operations in exchange for Market Trend Strategies’ assumption of $419,139 in pre-merger liabilities.

On February 28, 2018, we filed a name change for Wealth Generators, LLC to Kuvera, LLC (“Kuvera”).

On January 17, 2019, we renamed our non-operating wholly owned subsidiary WealthGen Global, LLC to SAFETek, LLC, a Utah limited liability company.

On January 11, 2021, we filed a name change for Kuvera, LLC to iGenius, LLC (“iGenius”) and on February 2, 2021, we filed a name change for Kuvera (N.I.) Limited to iGenius Global LTD.

On September 20, 2021, the Board of Directors approved a change in our fiscal year from March 31 to December 31.

Nature of Business

We operate a financial technology (FinTech) services company in several different businesses. We deliver multiple products and services through a direct selling network, also known as multi-level marketing, of independent distributors that offer our products and services through a subscription-based revenue model to our distributors, as well as by our distributors to a large base of customers that we refer to as “members”. Through this business, we provide research, education, and investment tools designed to assist the self-directed investor in successfully navigating the financial markets. These services include research and education regarding equities, options, FOREX, ETFs, binary options, and cryptocurrency. In addition to trading research and education, we also offer software applications to assist the individual in debt reduction, increased savings, budgeting, and proper tax management. Each product subscription includes a core set of trading tools and research along with the personal finance management suite to provide an individual with complete access to the information necessary to cultivate and manage his or her financial situation. In addition to our education subscriptions, through a distribution arrangement we have with a third party, we provided our members with an opportunity to purchase through such third party, a specialty form of adaptive digital currency called “ndau”. The sale of ndau was discontinued during the quarter ended September 30, 2023. Through our direct selling model, we compensate our distributors with commissions under a standard bonus plan that allows for discretionary bonuses based on performance.

We also operate a blockchain technology business that provides leading-edge research, development, and FinTech services involving the management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets. We currently own and manage over 5,000 next-generation Bitcoin application-specific integrated circuit (“ASIC”) miner machines, with 100% of such machines being powered by renewable energy sources, mainly hydropower plants and geothermal. We are also developing new and more efficient ways to mine cryptocurrencies through innovations in hardware, firmware, and additional ways to develop and utilize renewable energy sources, to increase the hash rate, uptime, profitability, and overall ROI of our crypto currency mining operations.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Since 2021, we have attempted to develop a brokerage and financial markets business. This was originally designed to, among other things, commercialize on the proprietary trading platform we acquired in September 2021 from MPower Trading Systems, LLC (“MPower”), to provide self-directed (DIY) investors with low pricing, a powerful trading platform, research, analytical tools, real-time data & news, insights and support for investing and trading in stocks, options, ETFs and mutual funds. Towards that end, in March 2021, we agreed to acquire a brokerage firm owned by an affiliate of our former chief executive officer. However, having been unable to secure the requisite FINRA approval by the expiration of that agreement, we terminated the transaction on June 14, 2022, and have since then continued our search for alternative acquisitions within the brokerage industry. Further, until we are able to start this business, we recently elected to wind down the registration of a dormant investment advisor and commodity trading advisor we own as we concluded there to be no material benefit to retaining an interest in these regulated businesses until we are able to launch our broader-based financial services model.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting

Our policy is to prepare our financial statements on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”) and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for the three and nine months ended September 30, 2023, are not necessarily indicative of the operating results that may be expected for the filing of our December 31, 2023 Form 10-K. These unaudited condensed consolidated financial statements should be read in conjunction with the December 31, 2022 consolidated financial statements and notes thereto included in our Annual Report on Form 10-K.

Principles of Consolidation

The consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries: iGenius, LLC (formerly Kuvera, LLC), Apex Tek, LLC (formerly Razor Data, LLC), SAFETek, LLC (formerly WealthGen Global, LLC), United Games, LLC, United League, LLC, iGenius Global LTD (formerly Kuvera (N.I.) LTD), Investview Financial Group Holdings, LLC, Investview MTS, LLC, MyLife Wellness Company, and S.A.F.E Management, LLC. All intercompany transactions and balances have been eliminated in consolidation.

Financial Statement Reclassification

Certain account balances from prior periods have been reclassified in these consolidated financial statements to conform to current period classifications.

Use of Estimates

The preparation of these financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Foreign Exchange

We have consolidated the accounts of Kuvera France S.A.S. into our consolidated financial statements. The operations of Kuvera France S.A.S. were conducted in France through its closure date in June of 2021 and its functional currency is the Euro. Subsequent to June 2021 we maintained a Euro bank account in France that had minimal transactions. The Euro bank account was closed in April 2022.

Prior to June 2021, the financial statements of Kuvera France S.A.S. were prepared using their functional currency and were translated into U.S. dollars (“USD”). Assets and liabilities were translated into USD at the applicable exchange rates at period-end. Stockholders’ equity was translated using historical exchange rates. Revenue and expenses were translated at the average exchange rates for the period. Any translation adjustments were included as foreign currency translation adjustments in accumulated other comprehensive income in our stockholders’ equity (deficit).

Subsequent to June 2021 and prior to the closure of the Euro bank account in April 2022, we translated all transactions in our Euro bank account into USD and translated the ending bank balance into USD at the applicable exchange rate at period-end.

The following rates were used to translate the accounts of Kuvera France S.A.S. into USD for the following operating periods.

SCHEDULE OF EXCHANGE RATES

		Nine Months Ended September 30, 2022
Euro to USD			1.1118

Concentration of Credit Risk

Financial instruments that potentially expose us to concentration of credit risk include cash, accounts receivable, and advances. We place our cash and temporary cash investments with credit quality institutions. At times, such investments may be in excess of the FDIC insurance limit of $250,000. As of September 30, 2023 and December 31, 2022, cash balances that exceeded FDIC limits were $5,306,536 and $18,202,860, respectively. We have not experienced significant losses relating to these concentrations in the past.

Cash Equivalents and Restricted Cash

For purposes of reporting cash flows, we consider all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. As of September 30, 2023 and December 31, 2022, we had no highly liquid debt instruments.

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet that sum to the total of the same such amounts shown in the statement of cash flows.

	September 30, 2023		December 31, 2022
Cash and cash equivalents	$	22,512,638	$	20,317,253
Restricted cash, current		390,119		931,540
Restricted cash, long term		-		240,105
Total cash, cash equivalents, and restricted cash shown on the statement of cash flows	$	22,902,757	$	21,488,898

Amount included in restricted cash represent funds required to be held in an escrow account by a contractual agreement and will be used for paying dividends to our Series B Preferred Stockholders and funds required to be held in an account as collateral for business charges on our Company credit card.

Receivables

Receivables are carried at net realizable value, representing the outstanding balance less an allowance for doubtful accounts based on a review of all outstanding amounts. Management determines the allowance for doubtful accounts by regularly evaluating individual receivables and receivables are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded when received. We had an allowance for doubtful accounts of $722,324 and $719,342 as of September 30, 2023 and December 31, 2022, respectively. A portion of our receivables balance is for amounts held in reserve by our merchant processors for future returns and chargebacks. The amount held in reserve was $500,000 and $775,000 as of September 30, 2023 and December 31, 2022, respectively.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Fixed Assets

Fixed assets are stated at cost and depreciated using the straight-line method over their estimated useful lives. When retired or otherwise disposed, the carrying value and accumulated depreciation of the fixed asset is removed from its respective accounts and the net difference less any amount realized from disposition is reflected in earnings. Expenditures for maintenance and repairs which do not extend the useful lives of the related assets are expensed as incurred.

Fixed assets were made up of the following at each balance sheet date:

SCHEDULE OF FIXED ASSETS

	Estimated Useful Life (years)		September 30, 2023			December 31, 2022
Furniture, fixtures, and equipment		10	$	2,970		$	76,716
Computer equipment		3		10,440			12,869
Leasehold improvements		Remaining Lease Term		-			40,528
Data processing equipment		3		14,179,769			13,187,312
Mining repair tools and equipment		1		-			13,627
				14,193,179			13,331,052
Accumulated depreciation				(6,456,983	)		(4,822,778	)
Net book value			$	7,736,196		$	8,508,274

Total depreciation expense for the nine months ended September 30, 2023 and 2022, was $3,258,738 and $4,251,122, respectively, all of which was recorded in our general and administrative expenses on our statement of operation. During the nine months ended September 30, 2023, we sold assets with a total net book value of $26,729 for cash of $23,278 and bitcoin worth $9,913, therefore recognized a gain on disposal of assets of $6,462. This gain was offset by loss on disposal of assets with a net book value of $15,848. During the nine months ended September 30, 2022, we sold assets with a total net book value of $654,942 for cash of $1,044,492, therefore recognized a gain on disposal of assets of $389,550.

Long-Lived Assets – Intangible Assets & License Agreement

We account for our cryptocurrencies and intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Subtopic 350-30, General Intangibles Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-30, which requires assets to be measured based on the fair value of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and, thus, more reliably measurable. Our cryptocurrencies are deemed to have an indefinite useful life; therefore, amounts are not amortized, but rather are assessed for impairment as further discussed in our impairment policy. Under ASC Subtopic 350-30 any intangible asset with a useful life is required to be amortized over that life and the useful life is to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life. Costs of internally developing, maintaining, or restoring intangible assets are recognized as an expense when incurred.

We hold cryptocurrency-denominated assets and include them in our consolidated balance sheet as other assets. The value of our cryptocurrencies as of September 30, 2023 and December 31, 2022, were $2,183,252 ($2,047,582 current and $135,670 restricted long term) and $2,474,096 ($2,360,957 current and $113,139 restricted long term), respectively. Cryptocurrencies purchased or received for payment from customers are recorded in accordance with ASC 350-30 and cryptocurrencies awarded to the Company through its mining activities ($7,798,279 and $9,412,751 for the nine months ended September 30, 2023 and 2022, respectively) are accounted for in connection with the Company’s revenue recognition policy. The use of cryptocurrencies is accounted for in accordance with the first in first out method of accounting. For the nine months ended September 30, 2023 and 2022, we recorded realized gains (losses) on our cryptocurrency transactions of $170,444 and $(1,338,597), respectively.

On March 22, 2021, we entered into Securities Purchase Agreement to acquire the operating assets and intellectual property rights of MPower Trading Systems LLC, a company controlled and partially owned by David B. Rothrock and James R. Bell, two of our board members. As a result, we obtained Prodigio, a proprietary software-based trading platform with applications within the brokerage industry, which was valued at $7,240,000 and recorded on our balance sheet as an intangible asset as of December 31, 2021. The intangible asset was expected to have a definite life, however, during the year ended December 31, 2022, the software had not been placed in service, therefore a useful life had not been assigned and no amortization had been recorded. Instead, as of December 31, 2022, the intangible asset was conservatively impaired due to a question on the recoverability of the value recorded.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Impairment of Long-Lived Assets

We have adopted ASC Subtopic 360-10, Property, Plant and Equipment (“ASC 360-10”). ASC 360-10 requires that long-lived assets and certain identifiable intangibles held and used by the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable or when the historical cost carrying value of an asset may no longer be appropriate. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period.

We evaluate the recoverability of long-lived assets based upon future net cash flows expected to result from the asset, including eventual disposition. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted and an impairment loss is recorded equal to the difference between the asset’s carrying value and fair value or disposable value.

During the nine months ended September 30, 2023, no impairment was recorded. During the nine months ended September 30, 2022, we impaired our fixed assets with a cost basis of $15,772 due to the lack of use. We had recorded accumulated depreciation and accumulated amortization of $8,764 for the impaired assets through the date of impairment, therefore we recorded impairment expense of $7,008 during the nine months ended September 30, 2022.

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, based on our principal or, in the absence of a principal, most advantageous market for the specific asset or liability.

U.S. generally accepted accounting principles provide for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:

	Level 1:	Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity can access.

	Level 2:	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:

	-	quoted prices for similar assets or liabilities in active markets;
	-	quoted prices for identical or similar assets or liabilities in markets that are not active;
	-	inputs other than quoted prices that are observable for the asset or liability; and
	-	inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3:

Inputs that are unobservable and reflect management’s own assumptions about the inputs market participants would use in pricing the asset or liability based on the best information available in the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows).

Our financial instruments consist of cash, accounts receivable and accounts payable, and debt. We have determined that the book value of our outstanding financial instruments as of September 30, 2023 and December 31, 2022, approximates the fair value due to their short-term nature or interest rates that approximate prevailing market rates.

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of September 30, 2023:

	Level 1		Level 2		Level 3		Total
Total Assets	$	-	$	-	$	-	$	-

Derivative liability	$	-	$	-	$	8,827	$	8,827
Total Liabilities	$	-	$	-	$	8,827	$	8,827

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of December 31, 2022:

	Level 1		Level 2		Level 3		Total
Total Assets	$	-	$	-	$	-	$	-

Derivative liability	$	-	$	-	$	24,426	$	24,426
Total Liabilities	$	-	$	-	$	24,426	$	24,426

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Revenue Recognition

Subscription Revenue

Most of our revenue is generated by subscription sales and payment is received at the time of purchase. We recognize subscription revenue in accordance with ASC 606-10 where revenue is measured based on a consideration specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance obligation is to provide services over a fixed subscription period; therefore, we recognize revenue ratably over the subscription period and deferred revenue is recorded for the portion of the subscription period subsequent to each reporting date. Additionally, we offer a designated trial period to first time subscription customers, during which a full refund can be requested if a customer does not wish to continue with the subscription. Revenues are deferred during the trial period as collection is not probable until that time has passed. Revenues are presented net of refunds, sales incentives, credits, and known and estimated credit card chargebacks. As of September 30, 2023 and December 31, 2022, our deferred revenues were $2,803,982 and $2,074,574, respectively.

Mining Revenue

Through our wholly owned subsidiary, SAFETek, LLC, we leased equipment under a sales-type lease through June of 2020. In June of 2020 we cancelled all leases and purchased all of the rights and obligations under the leases, which included obtaining ownership of all equipment. We use the equipment on blockchain networks to validate and add blocks of transactions to blockchain ledgers (commonly referred to as “mining”). As compensation for mining, we are issued fees from processors and/or block rewards that are newly created cryptocurrency units granted to us. Our mining activities constitute our ongoing major and central operations of SAFETek, LLC. Because we do not have contracts, nor do we have customers associated with our mining revenue, we recognize revenue when fees and/or rewards are settled, or ultimately granted to us as a result of our mining activities.

Cryptocurrency Revenue

We generate revenue from the sale of cryptocurrency packages to our customers through an arrangement with a third-party supplier. The various packages included different amounts of coin with differing rates of returns and terms. The coin is delivered by a third-party supplier. The sale of cryptocurrency packages was discontinued during the quarter ended September 30, 2023.

We recognize cryptocurrency revenue in accordance with ASC 606-10 where revenue is measured based on a consideration specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance obligation is to arrange for the third-party to provide coin to our customers and payment is received from our customers at the time of order placement. All customers are given two weeks to request a refund, therefore we record a customer advance on our balance sheet upon receipt of payment. After the two weeks have passed from order placement, we request our third-party supplier to deliver the coin, at which time we recognize revenue and the amounts due to our supplier on our books. As of September 30, 2023 and December 31, 2022, our customer advances related to cryptocurrency revenue were $0 and $96,609, respectively.

Mining Equipment Repair Revenue

Through our wholly owned subsidiary, SAFETek, LLC, we repair broken mining equipment for sale to third-party customers. Our mining equipment repair business was discontinued during the quarter ended June 30, 2023.

We recognize miner repair revenue in accordance with ASC 606-10 where revenue is measured based on a consideration specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance obligation is to deliver the promised goods to our customers.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Digital Wallet Revenue

We generate revenue from the sale of digital wallets to our customers through an arrangement with a third-party supplier. We offer three tiers of wallets which include different features. The digital wallets are delivered by a third-party supplier. The sale of digital wallets to our customers was discontinued during the year ended December 31, 2022.

We recognize digital wallet revenue in accordance with ASC 606-10 where revenue is measured based on a consideration specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance obligation is to arrange for the third-parties to provide the wallet to our customers and payment is received from our customers at the time of order placement.

Revenue generated for the nine months ended September 30, 2023, was as follows:

SCHEDULE OF REVENUE GENERATED

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Total
Gross billings/receipts	$	45,284,739		$	990,785		$	7,798,279	$	23,378	$	54,097,181
Refunds, incentives, credits, and chargebacks		(3,625,554	)		-			-		-		(3,625,554	)
Amounts paid to providers		-			(477,500	)		-		-		(477,500	)
Net revenue	$	41,659,185		$	513,285		$	7,798,279	$	23,378	$	49,994,127

For the nine months ended September 30, 2023, foreign and domestic revenues were approximately $38.1 million and $11.9 million, respectively.

Revenue generated for the nine months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue			Total
Gross billings/receipts	$	39,087,141		$	2,548,316		$	9,412,751	$	123,621	$	7,157		$	51,178,986
Refunds, incentives, credits, and chargebacks		(2,428,351	)		-			-		-		-			(2,428,351	)
Amounts paid to providers		-			(1,239,507	)		-		-		(1,289	)		(1,240,796	)
Net revenue	$	36,658,790		$	1,308,809		$	9,412,751	$	123,621	$	5,868		$	47,509,839

For the nine months ended September 30, 2022 foreign and domestic revenues were approximately $32.2 million and $15.3 million, respectively.

Revenue generated for the three months ended September 30, 2023, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Total
Gross billings/receipts	$	17,499,805		$	258,466		$	2,905,182	$	20,663,453
Refunds, incentives, credits, and chargebacks		(1,381,813	)		-			-		(1,381,813	)
Amounts paid to providers		-			(112,000	)		-		(112,000	)
Net revenue	$	16,117,992		$	146,466		$	2,905,182	$	19,169,640

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

For the three months ended September 30, 2023, foreign and domestic revenues were approximately $14.7 million and $4.5 million, respectively.

Revenue generated for the three months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue		Total
Gross billings/receipts	$	12,638,375		$	673,933		$	2,777,634	$	43,511	$	-	$	16,133,453
Refunds, incentives, credits, and chargebacks		(814,794	)		-			-		-		-		(814,794	)
Amounts paid to providers		-			(322,500	)		-		-		-		(322,500	)
Net revenue	$	11,823,581		$	351,433		$	2,777,634	$	43,511	$	-	$	14,996,159

For the three months ended September 30, 2022 foreign and domestic revenues were approximately $10.3 million and $4.7 million, respectively.

Advertising, Selling, and Marketing Costs

We expense advertising, selling, 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 nine months ended September 30, 2023 and 2022, totaled $536,464 and $53,139, respectively.

Cost of Sales and Service

Included in our costs of sales and services are amounts paid to our trading and market experts that provide financial education content and tools to our subscription customers, hosting and energy fees that we pay to vendors at third-party sites in order to generate mining revenue, and the costs associated with our miner repair revenue. Costs of sales and services for the nine months ended September 30, 2023 and 2022, totaled $7,614,768 and $5,873,214, respectively.

Inventory

Inventory consists of finished goods to be sold as part of our miner repair revenue and materials that were purchased for refurbishment but will be sold as purchased due to the Company winding down the refurbishment and sale of repaired miners. 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. During the nine months ended September 30, 2023, we recognized a loss on disposal of assets of $174,835. As of September 30, 2023 and December 31, 2022 the net realizable value of our inventory was $0 and $249,480, respectively.

Income Taxes

Income taxes are recorded in accordance with ASC Topic 740, 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, including operating losses and credit carryforwards, using enacted tax rates in effect for the year in which the differences are expected to reverse.

Management judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities, and any valuation allowance recorded against our deferred tax assets. Deferred tax assets are reduced by a valuation allowance if, based on the consideration of all available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Changes in assumptions in future periods may require we adjust our valuation allowance, which could materially impact our financial position and results of operations. The Company recognizes the benefit of an uncertain tax position that it has taken or expects to take on its income tax return, if such a position is more likely than not to be sustained.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Net Income (Loss) per Share

We follow ASC subtopic 260-10, Earnings per Share (“ASC 260-10”), which specifies the computation, presentation, and disclosure requirements of earnings per share information. Basic income (loss) per share has been calculated based upon the weighted average number of common shares outstanding. Diluted income (loss) per share reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted during the period. Dilutive securities having an anti-dilutive effect on diluted earnings per share are excluded from the calculation.

The following table illustrates the computation of diluted earnings per share for the three months ended September 30, 2023. Due to the net loss for the three months ended September 30, 2022 there were 1,036,428,571 potentially dilutive securities that were excluded from the diluted income per common share computation, as the effect of including these shares would be antidilutive.

SCHEDULE OF DILUTED EARNINGS PER SHARE

	September 30, 2023
Net income (loss)	$	2,008,314
Less: preferred dividends		(204,835	)
Add: interest expense on convertible debt		225,129
Net income available to common shareholders (numerator)	$	2,028,608

Basic weighted average number of common shares outstanding		2,632,983,119
Dilutive impact of convertible notes		471,428,571
Dilutive impact of non-voting membership interest		565,000,000
Diluted weighted average number of common shares outstanding (denominator)		3,669,411,690

Diluted income per common share	$	0.00

The following table illustrates the computation of diluted earnings per share for the nine months ended September 30, 2023 and 2022, where no potentially dilutive securities were excluded from the computation:

	September 30, 2023			September 30, 2022
Net income (loss)	$	3,013,613		$	1,858,642
Less: preferred dividends		(614,505	)		(614,505	)
Add: interest expense on convertible debt		675,387			469,884
Net income available to common shareholders (numerator)	$	3,074,495		$	1,714,021

Basic weighted average number of common shares outstanding		2,635,166,049			2,690,146,350
Dilutive impact of convertible notes		471,428,571			471,428,571
Dilutive impact of non-voting membership interest		565,000,000			565,000,000
Diluted weighted average number of common shares outstanding (denominator)		3,671,594,620			3,726,574,921

Diluted income per common share	$	0.00		$	0.00

Lease Obligation

We determine if an arrangement is a lease at inception. Operating leases are included in the operating lease right-of-use asset account, the operating lease liability, current account, and the operating lease liability, long term account in our balance sheet. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease.

Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. For leases in which the rate implicit in the lease is not readily determinable, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We have elected to not apply the recognition requirements of ASC 842 to short-term leases (leases with terms of twelve months or less). Lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for operating lease arrangements is recognized on a straight-line basis over the lease term. We have elected the practical expedient and will not separate non-lease components from lease components and will instead account for each separate lease component and non-lease component associated with the lease components as a single lease component.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS

We have noted no recently issued accounting pronouncements that we have not yet adopted that we believe are applicable or would have a material impact on our financial statements.

NOTE 4 – LIQUIDITY

Our financial statements are prepared using generally accepted accounting principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business.

During the nine months ended September 30, 2023, we recorded a net income from operations of $3,844,096 and net income of $3,013,613. As of September 30, 2023, we have unrestricted cash and cash equivalents of $22,512,638 and a working capital balance of $14,082,655. As of September 30, 2023, our unrestricted cryptocurrency balance was reported at a cost basis of $2,047,582. Management does not believe there are any liquidity issues as of September 30, 2023.

NOTE 5 – RELATED-PARTY TRANSACTIONS

Related Party Debt

Our related-party payables consisted of the following:

SCHEDULE OF RELATED PARTY PAYABLES

	September 30, 2023			December 31, 2022
Convertible Promissory Note entered into on 4/27/20, net of debt discount of $855,038 as of September 30, 2023 [1]	$	444,962		$	347,782
Convertible Promissory Note entered into on 5/27/20, net of debt discount of $464,219 as of September 30, 2023 [2]		235,781			183,020
Convertible Promissory Note entered into on 11/9/20, net of debt discount of $903,530 as of September 30, 2023 [3]		396,470			293,779
Working Capital Promissory Note entered into on 3/22/21 [4]		1,202,917			1,201,927
Total related-party debt		2,280,130			2,026,508
Less: Current portion		(1,202,917	)		(1,201,927	)
Related-party debt, long term	$	1,077,213		$	824,581

[1]	On April 27, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, an entity controlled by our Chairman, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original terms of the agreement, the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $1,300,000. During the nine months ended September 30, 2023, we recognized $97,180 of the debt discount into interest expense, as well as expensed an additional $195,012 of interest expense on the note, all of which was repaid during the period.

[2]	On May 27, 2020, we received proceeds of $700,000 from DBR Capital, LLC, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries, and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original terms of the agreement, the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $700,000. During the nine months ended September 30, 2023, we recognized $52,761 of the debt discount into interest expense as well as expensed an additional $105,003 of interest expense on the note, all of which was repaid during the period.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

[3]	On November 9, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries, and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 38.5% per annum, made up of a 25% interest rate per annum and a facility fee of 13.5% per annum, payable monthly beginning February 1, 2021, and the principal is due and payable on April 27, 2030. Per the terms of the agreement, the note is convertible into common stock at a conversion price of $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $1,300,000. During the nine months ended September 30, 2023, we recognized $102,691 of the debt discount into interest expense as well as expensed an additional $375,372 of interest expense on the note, all of which was repaid during the period.

[4]	On March 22, 2021, we entered into Securities Purchase Agreements to purchase 100% of the operating assets of SSA Technologies LLC, an entity that owns and operates a FINRA-registered broker-dealer. SSA is controlled and partially owned by Joseph Cammarata, our former Chief Executive Officer. (See Note 10). Commencing upon execution of the agreements and through the closing of the transactions, we agreed to provide certain transition service arrangements to SSA. In connection with the transactions, we entered into a Working Capital Promissory Note with SSA under which SSA was to have advanced to us up to $1,500,000 before the end of 2021; however, SSA only provided advances of $1,200,000, to date. The note bears interest at the rate of 0.11% per annum. The note was due and payable by January 31, 2022; however, has not yet been repaid as we consider our legal options in light of SSA’s failure to complete its funding obligations. During the nine months ended September 30, 2023, we recorded interest expense of $990 on the note. The note was to have been secured by the pledge of 12,000,000 shares of our common stock; however, it remains unsecured as the pledge of shares was not implemented at the closing of the loan.

Other Related Party Arrangements

On January 6, 2022, we entered into a Separation and Release Agreement (the “Separation Agreements”) with Mario Romano and Annette Raynor, two of the Company’s founders and former members of management and the Board of Directors, and Wealth Engineering, LLC, an affiliate of Mr. Romano and Ms. Raynor. Under the Separation Agreements, Mr. Romano and Ms. Raynor resigned their positions as officers and directors of the Company effective immediately upon execution of the Separation Agreements as they each transitioned to the roles of consultants to the Company. Mr. Romano and Ms. Raynor provided consulting services to the Company in their roles from January 6, 2022, through the elimination of these positions on or about July 14, 2023. In conjunction with the Separation Agreements, Mr. Romano and Ms. Raynor forfeited 150,000,000 shares, in total, which were returned to the Company and cancelled. The Company also repurchased a total of 43,101,939 shares from Mr. Romano and Ms. Raynor in exchange for cash of $1,724,008, which was paid to federal and state taxing authorities on behalf of Wealth Engineering, LLC as payment for the estimated federal and state taxes that Wealth Engineering, LLC may be subject to in connection with the vesting of 63,333,333 Company restricted shares that vested on July 22, 2021 (see NOTE 9).

On September 29, 2023, we closed on the purchase in a private transaction of shares of our common stock under the terms of a Stock Purchase and Release Agreement dated September 18, 2023 (the “Agreement”). Under the Agreement, the Company purchased for surrender in a series of private transactions, an aggregate of 302,919,223 shares of the Company’s common stock (the “Purchased Shares”) from sellers consisting of Mario Romano, Annette Raynor, and a series of their family members and related entities (collectively, the “Sellers”). The Purchased Shares were purchased for aggregate consideration of $2,922,380, representing a price of $0.00964739 per share. One-eighth of the purchase price is to be paid within seven (7) days of the closing, with the balance payable in a series of equal quarterly payments over seven (7) consecutive quarters thereafter.

In addition to the cash consideration for the Purchased Shares, the Company also agreed to cover a limited amount of the legal fees incurred by the Sellers in the transaction, as well as provide Mr. Romano and Ms. Raynor with a $250,000 expense allowance, payable in installments, to cover legal fees and other expenses on a non-accountable basis, in connection with any matters that may arise in which either or both of Mr. Romano and/or Ms. Raynor served as officers and directors of the Company. In return, Mr. Romano and Ms. Raynor agreed to waive any future entitlement, if at all, to indemnification of costs and expenses, including legal fees under Nevada law or otherwise arising from or relating to any period in which Romano or Raynor were officers and directors of the Company.

The consideration paid for the Purchased Shares of $2,922,380 plus the $250,000 expense allowance was allocated to the share purchase for a total of $3,172,380 (see NOTE 9).

The loans referenced in footnotes 1-3 above, were advanced under a Securities Purchase Agreement we entered into on April 27, 2020, with DBR Capital. Under the Securities Purchase Agreement (which was subsequently amended and restated), DBR Capital agreed to advance up to $11 million to us in a series of up to five closings through December 31, 2022, of which the amounts advanced covered in footnotes 1-3 above constituted the first three closings.

On August 12, 2022, we and DBR Capital, entered into a Fourth Amendment to the now Amended and Restated Securities Purchase Agreement that extends the deadlines for the fourth and fifth closings under that Agreement from December 31, 2022, to December 31, 2024. The fourth and fifth closings remain at the sole discretion of DBR Capital and we cannot provide any assurance that they will occur when contemplated or ever.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

NOTE 6 – DEBT

Our debt consisted of the following:

SCHEDULE OF DEBT

	September 30, 2023		December 31, 2022
Loan with the U.S. Small Business Administration dated 4/19/20 [1]	$	532,891	$	543,237
Long term notes for APEX lease buyback [2]		5,741,385		7,925,166
Total debt		6,274,276		8,468,403
Less: Current portion		2,938,757		2,938,757
Debt, long term portion	$	3,335,519	$	5,529,646

[1]	In April 2020, we received proceeds of $500,000 from a loan entered into with the U.S. Small Business Administration. Under the terms of the loan interest is to accrue at a rate of 3.75% per annum. We began making installment payments of $2,437 in October 2022. All interest and principal is due and payable thirty years from the date of the loan. During the nine months ended September 30, 2023 and 2022 we recorded $14,024 and $14,024, respectively, worth of interest on the loan. During the nine months ended September 30, 2023 we made interest payments on the loan of $24,370.

[2]	During the year ended March 31, 2021, we entered into notes with third parties for $19,089,500 in exchange for the cancellation of APEX leases previously entered into, which resulted in our purchase of all rights and obligations under the leases. We agreed to settle a portion of the debt during the year ended March 31, 2021, at a discount to the original note terms offered, by making lump sum payments, issuing shares of our common stock, issuing shares of our preferred stock, and issuing cryptocurrency. The remaining notes are all due December 31, 2024 and have a fixed monthly payment that is equal to 75% of the face value of the note, divided by 48 months. The monthly payments began the last day of January 2021 and continue until December 31, 2024 when the last monthly payment will be made, along with a balloon payment equal to 25% of the face value of the note, to extinguish the debt. During the nine months ended September 30, 2023, we repaid a portion of the debt with cash payments of $699,760 and issuances of cryptocurrency valued at $1,484,021. During the nine months ended September 30, 2022, we repaid a portion of the debt with cash payments of $729,016 and issuances of cryptocurrency valued at $1,487,797.

NOTE 7 – DERIVATIVE LIABILITY

During the nine months ended September 30, 2023, we had the following activity in our derivative liability account relating to our warrants:

SCHEDULE OF DERIVATIVE LIABILITY

Derivative liability at December 31, 2022	$	24,426
Derivative liability recorded on new instruments		-
Derivative liability reduced by warrant exercise (see NOTE 9)		(3	)
(Gain) loss on fair value		(15,596	)
Derivative liability at September 30, 2023	$	8,827

We use the binomial option pricing model to estimate fair value for those instruments at inception, at warrant exercise, and at each reporting date. During the nine months ended September 30, 2023, the assumptions used in our binomial option pricing model were in the following range:

Risk free interest rate	4.80-5.03	%
Expected life in years	1.84 - 2.75
Expected volatility	117 - 143	%

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

NOTE 8 – OPERATING LEASE

In August 2019, we entered an operating lease for office space in Eatontown, New Jersey (the “Eatontown Lease”), in September 2019 we entered an operating lease for office space in Kaysville, Utah (the “Kaysville Lease”), in May 2021 we entered an operating lease for office space in Conroe, Texas (the “Conroe Lease”), in July 2021 we entered an operating lease for office space in Wyckoff, New Jersey (the “Wyckoff Lease”), and in September 2021, we assumed an operating lease for office space in Haverford, Pennsylvania (the “Haverford Lease”) in connection with the MPower acquisition. This facility is now being used as the headquarters of the company.

At commencement of the Eatontown Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $110,097. The three-year lease term of the Eatontown Lease was extended on a month-to-month basis commencing August 1, 2022 and was terminated in February 2023. Under the lease, we were obligated to pay twelve monthly installments to cover an annual utility charge of $1.75 per rentable square foot for electric usage within the demised premises. As the lessor has the right to digitally meter and charge us accordingly, these payments were deemed variable and were expensed as incurred.

At commencement of the Conroe Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $174,574. This lease was terminated in June 2023.

At commencement of the Wyckoff Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $22,034. The original 24.5-month term of the Wyckoff Lease was extended through July 2025 with an option for the Company to terminate with 60 days’ written notice beginning June 1, 2024. The earliest termination date is July 31, 2024. At the extension of the Wyckoff Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $23,520.

At date of acquisition of the Haverford Lease, right-of-use assets and lease liabilities obtained amounted to $125,522 and $152,961, respectively. The term of the Haverford Lease was extended through December 2024. At the extension of the Haverford Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $172,042.

Operating lease expense was $128,583 for the nine months ended September 30, 2023. Operating cash flows used for the operating leases during the nine months ended September 30, 2023, was $120,935. As of September 30, 2023, the weighted average remaining lease term was 1.34 years and the weighted average discount rate was 12%.

Future minimum lease payments under non-cancellable leases as of September 30, 2023, were as follows:


Remainder of 2023	$	23,808
2024		116,027
2025		7,835
Total		147,670
Less: Interest		(1,637	)
Present value of lease liability		146,033
Operating lease liability, current [1]		(115,901	)
Operating lease liability, long term	$	30,132

[1]

Represents lease payments to be made in the next 12 months.

NOTE 9 – STOCKHOLDERS’ EQUITY (DEFICIT)

Preferred Stock

We are authorized to issue up to 50,000,000 shares of preferred stock with a par value of $0.001 and our board of directors has the authority to issue one or more classes of preferred stock with rights senior to those of common stock and to determine the rights, privileges, and preferences of that preferred stock.

Our Board of Directors approved the designation of 2,000,000 of the Company’s shares of preferred stock as Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”), each with a stated value of $25 per share. Our Series B Preferred Stockholders are entitled to receive cumulative dividends at the annual rate of 13% per annum of the stated value, equal to $3.25 per annum per share. The Series B Preferred Stock is redeemable at our option or upon certain change of control events.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

During the year ended March 31, 2021, we commenced a public securities offering to sell a total of 2,000,000 units at $25 per unit (“Unit Offering”), with each unit consisting of: (i) one share of our newly authorized Series B Preferred Stock and (ii) five warrants each exercisable to purchase one share of common stock at an exercise price of $0.10 per warrant share. Each Warrant offered is immediately exercisable on the date of issuance, will expire 5 years from the date of issuance, and its value has been classified as a fair value liability due to the terms of the instrument (see NOTE 7). The Unit Offering was completed on or about August 17, 2021, having resulted in the public offer and sale of 252,192 Units.

As of September 30, 2023 and December 31, 2022, we had 252,192 shares of preferred stock issued and outstanding.

Preferred Stock Dividends

During the nine months ended September 30, 2023, we recorded $614,505 for the cumulative cash dividends due to the shareholders of our Series B Preferred Stock. We made payments of $481,075 in cash and issued $129,650 worth of cryptocurrency to reduce the amounts owed. As a result, we recorded $240,410 as a dividend liability on our balance sheet as of September 30, 2023.

During the nine months ended September 30, 2022, we recorded $614,505 for the cumulative cash dividends due to the shareholders of our Series B Preferred Stock. We made payments of $470,563 in cash and issued $129,817 worth of cryptocurrency to reduce the amounts owed.

Common Stock Transactions

During the nine months ended September 30, 2023, we issued 230 shares of common stock as a result of warrants exercised, resulting in proceeds of $23 and an increase in additional paid in capital of $3 for the derivative liability extinguished with the exercise (see NOTE 7). Also, during the nine months ended September 30, 2023, we repurchased 302,919,223 shares from two of the original founders of the Company and a series of their family members and related entities in exchange for cash of $3,172,380 (see NOTE 5). We also recognized $2,046,683 in stock-based compensation based on grant date fair values and vesting terms of awards granted in prior periods.

During the nine months ended September 30, 2022, we cancelled 219,833,334 shares of our common stock that had been issued but were forfeited voluntarily by the holders thereof, consisting of: 150,000,000 shares collectively surrendered by Mario Romano and Annette Raynor under the Separation Agreements (see NOTE 5); and 69,833,334 outstanding unvested restricted shares that were surrendered by senior management prior to vesting in consideration of the issuance of replacement options (discussed below). As a result, we decreased common stock by $219,834 and increased additional paid in capital by the same. Further, 33,333,333 shares of common stock formerly held by Joseph Cammarata were forfeited as of December 31, 2021 in connection with his termination by the Company (relating primarily to his then ongoing legal proceedings). All forfeited shares were deemed cancelled as of June 30, 2022. Also, during the nine months ended September 30, 2022, we repurchased 43,101,939 shares from members of our then management team and Board of Directors in exchange for cash of $1,724,008 to pay for tax withholdings (see NOTE 5). We also recognized $383,906 in stock-based compensation based on grant date fair values and vesting terms of awards granted in prior periods.

As of September 30, 2023 and December 31, 2022, we had 2,333,356,496 and 2,636,275,489 shares of common stock issued and outstanding, respectively.

Options

During the year ended December 31, 2022, we restructured unvested incentive equity awards previously granted to our senior leadership team. The Company’s senior management team and board of directors unanimously agreed to surrender and terminate an aggregate of 68,533,334 outstanding unvested restricted shares of our common stock and 218,500,000 shares of our common stock that we agreed to issue, subject to conditions of issuance, in exchange for the issuance of options to purchase 360,416,665 shares of our common stock, vesting in equal amounts over a five-year period, at an exercise price of $0.05 per share, with a seven-year life. The third-party valuation firm we engaged to value these options utilized the Black Scholes Model to value these options and the expense related to these options is being recognized over their vesting terms. Total stock compensation expense related to the options for the nine months ended September 30, 2023 and 2022, was $2,036,345 and $1,384,210, respectively.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Warrants

Transactions involving our warrants are summarized as follows:

SUMMARY OF WARRANTS ISSUED

				Weighted
	Number of			Average
	Shares			Exercise Price
Warrants outstanding at December 31, 2022		1,178,320		$	0.10
Granted		-		$	-
Canceled/Expired		-		$	-
Exercised		(230	)	$	0.10
Warrants outstanding at September 30, 2023		1,178,090		$	0.10

Details of our warrants outstanding as of September 30, 2023, is as follows:

SUMMARY OF WARRANTS OUTSTANDING

Exercise Price				Warrants Outstanding				Warrants Exercisable				Weighted Average Contractual Life (Years)
$	0.10				1,178,090				1,178,090				2.40

Class B Units of Investview Financial Group Holdings, LLC

As of September 30, 2023, and December 31, 2022, there were 565,000,000 Units of Class B Investview Financial Group Holdings, LLC issued and outstanding. These units were issued as consideration for the purchase of operating assets and intellectual property rights of MPower, a company controlled and partially owned by David B. Rothrock and James R. Bell, two of our board members. The Class B Redeemable Units have no voting rights but can be exchanged at any time, within 5 years from the date of issuance, for 565,000,000 shares of our common stock on a one-for-one basis and are subject to significant restrictions upon resale through 2025 under the terms of a lock up agreement entered into as part of the purchase agreement. In order to properly account for the purchase transaction on the Company’s financial statements, we were required by applicable financial reporting standards to value the Class B Units issued to MPower in the transaction as of the closing date of the MPower sale transaction (September 3, 2021). For these accounting purposes, we concluded that the “fair value” of the consideration for financial accounting purposes, at the if-converted market value of the underlying common shares was $58.9 million, based on the closing market price of $0.1532 on the closing date of September 3, 2021, as discounted from $86.6 million by 32% (or $27.7 million) to reflect the significant lock up period. The “fair value” valuation of the Class B Units, however, was completed relying on a certain set of methodologies that are accepted for accounting purposes, and is not necessarily indicative of the “fair market value” that may be implied relative to such Units in a commercial transaction not governed by financial reporting standards. In particular, the methodology used to value the Class B Units at their “fair value” did not take into account any blockage discounts that may otherwise apply after the expiration of the lock-up period in 2025; while other valuation methodologies, not bound by financial reporting codifications, would possibly determine that the blockage discount associated with the resale of 565 million shares after the expiration of the lock-up period, into a marketplace that has limited market liquidity, could possibly have a material downward influence on the valuation.

NOTE 10 – COMMITMENTS AND CONTINGENCIES

In the ordinary course of business, we may be, or have been, involved in legal proceedings. During the nine months ended September 30, 2023, we were not involved in any material legal proceedings, however, during November 2021 we received a subpoena from the United States Securities and Exchange Commission (“SEC”) for the production of documents. We have reason to believe that the focus of the SEC’s inquiry involves whether certain federal securities laws were violated in connection with, among other things, the offer and sale of our now discontinued Apex sale and leaseback program, the operation of our direct selling network now known as iGenius, and the offer and sale of cryptocurrency products. In the subpoena, the SEC advised that the investigation does not mean that the SEC has concluded that we or anyone else has violated federal securities laws and or any other law. We believe that we have complied at all times with the federal securities laws. However, we are aware of the evolving SEC commentary and rulemaking process relative to the characterization of cryptocurrency products under federal securities laws that is sweeping through a large number of businesses that operate within the cryptocurrency sector. We have to date and continue to cooperate fully with the SEC’s investigation and will continue to work with outside counsel to review the matter.

We generate revenue from the sale of cryptocurrency packages to our customers through an arrangement with a third-party supplier, certain of which, until January 2022, included a product protection option provided by a third-party provider. According to marketing and legal documents provided by such third-party provider, the product protection would allow the purchaser to protect its initial purchase price by obtaining 50% of its purchase price at five years or 100% of its purchase price at ten years. In January 2022, we suspended any further offering of the product protection option in the cryptocurrency packages after the third-party provider was unable to comply with our standard vendor compliance protocols, citing certain offshore confidentiality entitlements. That suspension will remain in place until we are able to further validate the continued integrity of the product protection and the vendor’s ability to honor its commitments to our members. We cannot ensure that such third-party provider will comply with its contractual requirements, which could cause our members to not achieve the level of return on their investments expected, and possibly expose us to claims that could have an adverse effect on our business, financial condition, and operating results.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Joseph Cammarata served as an officer and director of the Company from December 2019 through his termination for cause on or about December 7, 2021. Mr. Cammarata was terminated following the announcement of civil and criminal charges filed against him in connection with his involvement with a class action claims aggregator unrelated to the Company. The Company was unaware of these outside business interests. Based on public reporting of the matter, the Company believes that Mr. Cammarata was convicted of certain of these criminal charges and is presently incarcerated.

Prior to his termination, Mr. Cammarata and the Company engaged in certain transactions as described below:

We issued a promissory note to Mr. Cammarata, which, following certain modifications, on or about March 30, 2021, was restated in the principal amount of $1,550,000 (the “Cammarata Note”). Although not originally convertible, as per the March 30, 2021, amendment, the Cammarata Note became convertible at $0.02 per share, Thereafter, effective September 21, 2021, and following another modification, the conversion price under the Cammarata Note was reduced to $0.008 per share. During February 2022, we provided 30 days’ notice of our intent to retire and repay the Cammarata Note in cash. Having not timely received a properly executed conversion notice within the proscribed period and citing certain breaches of Mr. Cammarata’s fiduciary duty to us, as well as damages incurred by us arising from Mr. Cammarata’s then ongoing legal proceedings, on or about March 31, 2022, we tendered to Mr. Cammarata cash payment in full for the Cammarata Note. As of the date of this Report, Mr. Cammarata has not accepted our tender of the cash payment, and through his then counsel, has asserted his entitlement to exercise his right to convert the Cammarata Note into our common shares. Although we believe that our cash tender was appropriate under the terms of the Cammarata Note and our claims for damages by Mr. Cammarata have merit, if Mr. Cammarata elects to challenge our cash tender in a court proceeding, and if we are unable to sustain our legal position on the matter, Mr. Cammarata could receive up to approximately 203 million shares of our common stock upon conversion of the Cammarata Note. As a result of his recent incarceration, the Company has been unable to further adjudicate these issues with Mr. Cammarata.

On March 22, 2021, we entered into Securities Purchase Agreements to purchase 100% of the operating assets of SSA Technologies LLC, an entity that owns and operates a FINRA-registered broker-dealer. SSA is controlled and partially owned by Joseph Cammarata, our former Chief Executive Officer. Commencing upon execution of the agreements and through the closing of the transactions, we agreed to provide certain transition service arrangements to SSA. In connection with the transactions, we entered into a Working Capital Promissory Note with SSA under which SSA was to have advanced to us up to $1,500,000 before the end of 2021; however, SSA has only provided advances of $1,200,000 to date. The note bears interest at the rate of 0.11% per annum therefore we recognized $990 worth of interest expense on the loan during the nine months ended September 30, 2023. The note was due and payable by January 31, 2022; however, has not yet been repaid as we consider our legal options in light of SSA’s failure to complete its funding obligations. The note was to have been secured by the pledge of 12,000,000 shares of our common stock; however, it remains unsecured as the pledge of shares was not implemented at the closing of the loan. As a result of his recent incarceration, the Company has been unable to further adjudicate these issues with Mr. Cammarata.

NOTE 11 – INCOME TAXES

For the periods ended September 30, 2023, and September 30, 2022, the Company used a discrete effective tax rate method for recording income taxes, as compared to an estimated full year annual effective tax rate method, as an estimate of the annual effective tax rate cannot be made.

Provision for income taxes for the three and nine months ended September 30, 2023, was $304,262 and $1,100,599, respectively, resulting in an effective tax rate of 13.2% and 26.8%, respectively. Provision for income taxes for the three and nine months ended September 30, 2022 was $362,563 and $1,004,308, respectively, resulting in an effective tax rate of (623.9%) and 35.1%, respectively. The provision for income taxes was primarily impacted by pretax book income, permanent differences, and by the change in valuation allowance on deferred tax assets.

NOTE 12 – SUBSEQUENT EVENTS

In accordance with ASC Topic 855, Subsequent Events, we have evaluated subsequent events through the date of this filing and have determined that there are no subsequent events that require disclosure.

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

Forward-Looking Statements

The following discussion should be read in conjunction with our consolidated financial statements and notes to our financial statements included elsewhere in this report. This discussion contains forward-looking statements that involve risks and uncertainties. When the words “believe,” “expect,” “plan,” “project,” “estimate,” and similar expressions are used, they identify forward-looking statements. These forward-looking statements are based on management’s current beliefs and assumptions and information currently available to management, and involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission (“SEC”). The forward-looking statements included in this report are made only as of the date of this report. We disclaim any obligation to update any forward-looking statements whether as a result of new information, future events, or otherwise.

Business Overview

We also operate a blockchain technology business that provides leading-edge research, development, and FinTech services involving the management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets. We own and manage over 5,000 next-generation Bitcoin application-specific integrated circuit (“ASIC”) miner machines, with 100% of such machines being powered by renewable energy sources, mainly hydropower plants and geothermal. We are also developing new and more efficient ways to mine cryptocurrencies through innovations in hardware, firmware, and additional ways to develop and utilize renewable energy sources, to increase the hash rate, uptime, profitability, and overall ROI of our crypto currency mining operations.

Results of Operations

Three Months Ended September 30, 2023 Compared to Three Months Ended September 30, 2022

Revenues

	Three Months Ended September 30,				Increase
	2023		2022		(Decrease)
	(unaudited)		(unaudited)
Subscription revenue, net of refunds, incentives, credits, and chargebacks	$	16,117,992	$	11,823,581	$	4,294,411
Mining revenue		2,905,182		2,777,634		127,548
Cryptocurrency revenue		146,466		351,433		(204,967	)
Miner equipment repair revenue		-		43,511		(43,511	)
Total revenue, net	$	19,169,640	$	14,996,159	$	4,173,481

Revenue, net, increased $4,173,481 or 28%, from $14,996,159 for the three months ended September 30, 2022, to $19,169,640 for the three months ended September 30, 2023. The increase can be explained by $4.3 million and $128 thousand increases in our subscription revenue and mining revenue, offset by a $205 thousand and $44 thousand decrease in our cryptocurrency revenue and miner repair revenue, respectively. The $4.3 million or 36% increase in subscription revenue was due to significant product enhancements and expansion into new markets globally, resulting in substantial growth in our membership; the $128 thousand or 5% increase in mining revenue was primarily the result of a 32% increase in the average value of Bitcoin and further enhanced by the replacement of older less efficient Bitcoin mining equipment with new generation higher performing miners which was partially offset by an 81% increase in Bitcoin mining difficulty and higher power and hosting rates during the same period; and the $205 thousand or (58%) decrease in cryptocurrency revenue was due to an overall decrease in the number of sales of NDAU packages.

Operating Costs and Expenses

	Three Months Ended September 30,					Increase
	2023		2022			(Decrease)
	(unaudited)		(unaudited)
Cost of sales and service	$	3,147,890	$	2,144,733		$	1,003,157
Commissions		9,272,024		6,551,195			2,720,829
Selling and marketing		7,410		17,874			(10,464	)
Salary and related		1,714,299		2,359,225			(644,926	)
Professional fees		285,133		601,367			(316,234	)
Impairment expense		-		625			(625	)
Loss (gain) on disposal of assets		-		(118,041	)		118,041
General and administrative		2,500,129		2,916,167			(416,038	)
Total operating costs and expenses	$	16,926,885	$	14,473,145		$	2,453,740

Operating costs increased $2,453,740, or 17%, from $14,473,145 for the three months ended September 30, 2022, to $16,926,885 for the three months ended September 30, 2023. The increase can be explained by an increase in commissions of $2.7 million, which was a result of increases in our subscription revenue, an increase in cost of sales and services of $1 million, which was a result of an increase in the cost of mining, and an increase in loss (gain) on disposal of assets of $118 thousand, which was a result of a loss recognized during the prior period from the sale of mining equipment from our repair business. These increases were offset by a decrease in salary and related costs of $645 thousand, which was a result of the recognition of more stock-based compensation during the prior period, a decrease in general and administrative, which was a result of a decrease in depreciation expense, and a decrease in professional fees of $316 thousand due to decreased legal expenses.

Other Income and Expenses

	Three Months Ended September 30,
	2023			2022			Change
	(unaudited)			(unaudited)
Gain (loss) on fair value of derivative liability		11,939			2,319			9,620
Realized gain (loss) on cryptocurrency		(58,401	)		(318,000	)		259,599
Interest expense		(4,726	)		(4,726	)		-
Interest expense, related parties		(310,594	)		(310,595	)		1
Other income (expense)		431,603			49,872			381,731
Total other income (expense)	$	69,821		$	(581,130	)	$	650,951

We recorded other income of $69,821 for the three months ended September 30, 2023, which was a difference of $650,951, or 112%, from the prior period other expense of $581,130. The change is due to a decrease in the realized loss recorded on cryptocurrency in the current period of $58 thousand compared to a realized loss of $318 thousand in the prior period and an increase in Other income (expense) in the current period of $432 thousand compared to $50 thousand in the prior period, which was a result of earning more interest income due to our cash balances being held in higher interest bearing accounts in the current period compared to the prior period and lease payments received under a structured equipment lease agreement.

Nine Months Ended September 30, 2023 Compared to Nine Months Ended September 30, 2022

Revenues

	Nine Months Ended September 30,				Increase
	2023		2022		(Decrease)
	(unaudited)		(unaudited)
Subscription revenue, net of refunds, incentives, credits, and chargebacks	$	41,659,185	$	36,658,790	$	5,000,395
Mining revenue		7,798,279		9,412,751		(1,614,472	)
Cryptocurrency revenue		513,285		1,308,809		(795,524	)
Miner equipment repair revenue		23,378		123,621		(100,243	)
Digital wallet revenue		-		5,868		(5,868	)
Total revenue, net	$	49,994,127	$	47,509,839	$	2,484,288

Revenue, net, increased $2,484,288, or 5%, from $47,509,839 for the nine months ended September 30, 2022, to $49,994,127 for the nine months ended September 30, 2023. The increase can be explained by a $5 million increase in our subscription revenue, offset by a $1.6 million, $796 thousand, and $100 thousand decrease in our mining revenue, cryptocurrency revenue, and miner equipment repair revenue, respectively. The $5 million or 14% increase in subscription revenue was due to significant product enhancements and expansion into new markets globally, resulting in substantial growth in our membership; the $1.6 million or (17%) decrease in mining revenue was a result of a (17%) decrease in the average value of Bitcoin, a 67% increase in the average Bitcoin mining difficulty levels, the migration of mining servers to a new data center and increased power and hosting costs, partially offset by the replacement of older less efficient Bitcoin mining equipment with new generation higher performing miners; the $796 thousand decrease in cryptocurrency revenue was due to an overall decrease in the number of sales of NDAU and the discontinuation of the NDAU program offering; and the $100 thousand or (81%) decrease in miner equipment repair revenue was due to the discontinuance of our miner repair business during the quarter ended June 30, 2023.

Operating Costs and Expenses

	Nine Months Ended September 30,					Increase
	2023		2022			(Decrease)
	(unaudited)		(unaudited)
Cost of sales and service	$	7,614,768	$	5,873,214		$	1,741,554
Commissions		24,005,229		20,380,676			3,624,553
Selling and marketing		536,464		53,139			483,325
Salary and related		5,416,292		5,215,833			200,459
Professional fees		1,202,674		2,350,687			(1,148,013	)
Impairment expense		-		7,008			(7,008	)
Loss (gain) on disposal of assets		184,221		(389,550	)		573,771
General and administrative		7,190,383		7,611,867			(421,484	)
Total operating costs and expenses	$	46,150,031	$	41,102,874		$	5,047,157

Operating costs increased $5,047,157, or 12%, from $41,102,874 for the nine months ended September 30, 2022, to $46,150,031 for the nine months ended September 30, 2023. The increase can be explained by an increase in commissions of $3.6 million, which was a result of increases in our subscription revenue, an increase in cost of sales and services of $1.7 million, which was a result of an increase in the cost of mining, an increase in loss (gain) on disposal of assets of $574 thousand, which was a result of a loss recognized during the current period after the discontinuance of our mining equipment repair business, an increase in salary and related costs of $200 thousand, which was a result of the recognition of more stock-based compensation during the current period, and an increase in selling and marketing costs of $483 thousand, which was mainly driven by an iGenius sales and marketing event. These increases were offset by a decrease in professional fees of $1.1 million due to decreased legal expenses.

Other Income and Expenses

	Nine Months Ended September 30,
	2023			2022			Change
	(unaudited)			(unaudited)
Gain (loss) on debt extinguishment	$	-		$	455		$	(455	)
Gain (loss) on fair value of derivative liability		15,596			40,155			(24,559	)
Realized gain (loss) on cryptocurrency		170,444			(1,338,597	)		1,509,041
Interest expense		(14,024	)		(14,024	)		-
Interest expense, related parties		(929,008	)		(2,339,729	)		1,410,721
Other income (expense)		1,027,108			107,725			919,383
Total other income (expense)	$	270,116		$	(3,544,015	)	$	3,814,131

We recorded other income of $270,116 for the nine months ended September 30, 2023, which was a difference of $3,814,131, or 108%, from the prior period other expense of $3,544,015. The change is due to a realized gain recorded on cryptocurrency in the current period of $170 thousand compared to a realized loss of $1.3 million in the prior period, less related party interest expense recorded in current period versus the prior period ($929 thousand for the nine months ended September 30, 2023 compared to $2.3 million for the nine months ended September 30, 2022), and an increase in Other income (expense) in the current period of $1 million compared to $108 thousand in the prior period, which was a result of ticket sales from a promotional event iGenius held during the nine months ended September 30, 2023, earning more interest income due to our cash balances being held in higher interest bearing accounts in the current period compared to the prior period, and lease payments received under a structured equipment lease agreement. Amounts recorded in related party interest expense included the amortization of debt discounts, which was being recognized over the term of the debt, however, during the nine months ended September 30, 2022, we repaid two of our related party notes early, which resulted in the recognition of $1.2 million of the amortization of the related debt discount amounts into interest.

Liquidity and Capital Resources

During the nine months ended September 30, 2023, we recorded net income from operations of $3,844,096 and net income of $3,013,613. We used this cash, as well as other cash on hand, to fund operations, fund the purchase of $2,529,237 worth of fixed assets, to repay $675,387 worth of related party debt, and to repay $724,130 worth of debt. As a result, our cash, cash equivalents, and restricted cash increased by $1,413,859 to $22,902,757 as compared to $21,488,898 at the beginning of the fiscal year. As of September 30, 2023, our current assets exceeded our current liabilities to result in working capital of $14,082,655. We believe we will have sufficient resources, including cash flow from operations and access to capital markets, to meet debt service obligations in a timely manner and be able to meet our short-term business objectives.

Critical Accounting Policies

Basis of Accounting

Our policy is to prepare our financial statements on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Principles of Consolidation

Use of Estimates

Long-Lived Assets – Intangible Assets & License Agreement

Impairment of Long-Lived Assets

Subscription Revenue

Mining Revenue

Cryptocurrency Revenue

We recognize cryptocurrency revenue in accordance with ASC 606-10 where revenue is measured based on a consideration specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance obligation is to arrange for the third-party to provide to our customers and payment is received from our customers at the time of order placement. All customers are given two weeks to request a refund, therefore we record a customer advance on our balance sheet upon receipt of payment. After the two weeks have passed from order placement, we request our third-party supplier to deliver coin, at which time we recognize revenue and the amounts due to our supplier on our books. As of September 30, 2023 and December 31, 2022, our customer advances related to cryptocurrency revenue were $0 and $96,609, respectively.

Mining Equipment Repair Revenue

Digital Wallet Revenue

Revenue generated for the nine months ended September 30, 2023, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Total
Gross billings/receipts	$	45,284,739		$	990,785		$	7,798,279	$	23,378	$	54,097,181
Refunds, incentives, credits, and chargebacks		(3,625,554	)		-			-		-		(3,625,554	)
Amounts paid to providers		-			(477,500	)		-		-		(477,500	)
Net revenue	$	41,659,185		$	513,285		$	7,798,279	$	23,378	$	49,994,127

For the nine months ended September 30, 2023, foreign and domestic revenues were approximately $38.1 million and $11.9 million, respectively.

Revenue generated for the nine months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue			Total
Gross billings/receipts	$	39,087,141		$	2,548,316		$	9,412,751	$	123,621	$	7,157		$	51,178,986
Refunds, incentives, credits, and chargebacks		(2,428,351	)		-			-		-		-			(2,428,351	)
Amounts paid to providers		-			(1,239,507	)		-		-		(1,289	)		(1,240,796	)
Net revenue	$	36,658,790		$	1,308,809		$	9,412,751	$	123,621	$	5,868		$	47,509,839

For the nine months ended September 30, 2022 foreign and domestic revenues were approximately $32.2 million and $15.3 million, respectively.

Revenue generated for the three months ended September 30, 2023, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Total
Gross billings/receipts	$	17,499,805		$	258,466		$	2,905,182	$	20,663,453
Refunds, incentives, credits, and chargebacks		(1,381,813	)		-			-		(1,381,813	)
Amounts paid to providers		-			(112,000	)		-		(112,000	)
Net revenue	$	16,117,992		$	146,466		$	2,905,182	$	19,169,640

For the three months ended September 30, 2023, foreign and domestic revenues were approximately $14.7 million and $4.5 million, respectively.

Revenue generated for the three months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue		Total
Gross billings/receipts	$	12,638,375		$	673,933		$	2,777,634	$	43,511	$	-	$	16,133,454
Refunds, incentives, credits, and chargebacks		(814,794	)		-			-		-		-		(814,794	)
Amounts paid to providers		-			(322,500	)		-		-		-		(322,500	)
Net revenue	$	11,823,581		$	351,433		$	2,777,634	$	43,511	$	-	$	14,996,159

For the three months ended September 30, 2022 foreign and domestic revenues were approximately $10.3 million and $4.7 million, respectively.

Recent Accounting Pronouncements

We have noted no recently issued accounting pronouncements that we have not yet adopted that we believe are applicable or would have a material impact on our financial statements.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, and results of operations, liquidity, or capital expenditures.

ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this item.

ITEM 4 – CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15 under the Securities Exchange Act of 1934 (the “Exchange Act”) as of the end of the period covered by this Quarterly Report on Form 10-Q. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

Our disclosure controls and procedures are designed to provide reasonable, not absolute, assurance that the objectives of our disclosure control system are met. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected. Our Chief Executive Officer and Chief Financial Officer have concluded, based on their evaluation as of the end of the period covered by this report, that our disclosure controls and procedures were effective.

Changes in Internal Controls

There were no changes in our internal controls over financial reporting during the fiscal quarter ended September 30, 2023, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1 – LEGAL PROCEEDINGS

There have been no material changes to this information since reported on in the Annual Report on Form 10-K for the year ended December 31, 2022.

ITEM 1.A – RISK FACTORS

Other than as set forth below, there have been no material changes in the risk factors disclosed by us under Part I, Item 1A. Risk Factors contained in the Annual Report on Form 10-K for the year ended December 31, 2022.

The costs associated with our bitcoin mining operations could be subject to significant increase in the future should there occur an increase in the VAT tax imposed on our hosting services.

The Company’s bitcoin mining operations are hosted in a Northern European country that imposes a broadly-based consumption tax assessed on the value added to goods and services within its country (a “VAT tax”). However, upon the advice of local tax advisors, the Company has concluded that the imposition of a VAT tax upon in-country hosting services is subject to uncertainty. Rather than paying no VAT tax pending clarification of this uncertainty, and upon the advice of local tax advisors, the Company has implemented a structured leasing arrangement with its hosting counterparty in which lease payments to be received will be subject to a VAT tax upon which the Company will remit payment. While the Company believes that by adopting this type of structured arrangement, it can avoid any penalties or fines in the future should the local tax laws be modified or interpreted to apply to the local hosting services, there can be no assurances to this effect as the tax laws and interpretations thereof are subject to change, particularly in response to the tremendous growth in the high-powered computing industry. Further, there can be no assurances that if and to the extent that local tax laws are interpreted in the future to apply to hosting services, that the amount of VAT tax imposed upon the Company may not substantially exceed the amount payable under the currently contemplated structured leasing arrangement. A substantial increase in the amount of VAT tax due upon these local hosting operations, if it occurs, would increase the costs associated with the Company’s bitcoin operations, which could have a materially adverse effect on the Company’s business and operating results.

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

On September 29, 2023, Investview, Inc. (the “Company”) closed on the purchase in a private transaction of shares of its common stock under the terms of a Stock Purchase and Release Agreement dated September 18, 2023 (the “Agreement”). Under the Agreement, the Company purchased for surrender in a series of private transactions, an aggregate of 302,919,223 shares of the Company’s common stock (the “Purchased Shares”) from sellers consisting of Mario Romano, Annette Raynor, and a series of their family members and related entities (collectively, the “Sellers”). The Purchased Shares were purchased for aggregate consideration of $2,922,380, representing a price of $0.00964739 per share. One-eighth of the purchase price is to be paid within seven (7) days of the closing, with the balance payable in a series of equal quarterly payments over seven (7) consecutive quarters thereafter.

Under the Agreement, the Sellers represented to the Company that the Purchased Shares represent one hundred percent (100%) of the common equity ownership in the Company of Mr. Romano, Ms. Raynor, and their respective family members and related entities. The Purchased Shares represent approximately 11.49% of the Company’s outstanding shares. As adjusted to reflect the surrender, the Company’s outstanding shares have been reduced from 2,636,275,719 to 2,333,356,496 shares of common stock.

Mr. Romano and Ms. Raynor were two of the original founders of the Company. They served as officers and directors of the Company through their resignations from those positions in January 2022. From January 2022 through August 2023, Mr. Romano and Ms. Raynor served as consultants to the Company. The Purchased Shares had been the subject of a lock-up agreement which limited resales until April 2025, the terms of which were waived to allow the transaction with the Company under the Agreement.

In addition to customary purchase and sale terms, under the Agreement, the Sellers, including Mr. Romano and Ms. Raynor, agreed to provide a customary release to the Company and its affiliates; as well, they agreed to certain customary standstill, non-disparagement, non-competition, and non-solicitation covenants.

ITEM 3 – DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4 – MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5 – OTHER INFORMATION

None.

ITEM 6 – EXHIBITS

The following exhibits are filed as a part of this report:

Exhibit Number*	Title of Document	Location

Item 10	Material Contracts

10.124	Stock Purchase and Release Agreement dated September 18, 2023	Incorporated by reference to the Current Report on Form 8-K filed on October 4, 2023

Item 31	Rule 13a-14(a)/15d-14(a) Certifications

31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	This filing.

31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	This filing.

Item 32	Section 1350 Certifications

32.01	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	This filing.

32.02	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	This filing.

Item 101***	Interactive Data File

101.INS	Inline XBRL Instance Document	This filing.

101.SCH	Inline XBRL Taxonomy Extension Schema	This filing.

101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase	This filing.

101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase	This filing.

101.LAB	Inline XBRL Taxonomy Extension Label Linkbase	This filing.

101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase	This filing.

104	Cover Page Interactive Data File (embedded within the Inline XBRL document)	This filing.

*	All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. Omitted numbers in the sequence refer to documents previously filed as an exhibit.

***	Users of this data are advised that, pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or Annual Report for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Exchange Act of 1934 and otherwise are not subject to liability.

SIGNATURE PAGE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	INVESTVIEW, INC.

Dated: November 13, 2023	By:	/s/ Victor M. Oviedo
		Victor M. Oviedo
		Chief Executive Officer
		(Principal Executive Officer)

Dated: November 13, 2023	By:	/s/ Ralph R. Valvano
		Ralph R. Valvano
		Chief Financial Officer
		(Principal Financial Officer and Accounting Officer)

Exhibit 31.01

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

I, Victor M. Oviedo, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 of Investview, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation;

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: November 13, 2023

/s/ Victor M. Oviedo
Victor M. Oviedo
Chief Executive Officer (Principal Executive Officer)

Exhibit 31.02

CERTIFICATION OF PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER

PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

I, Ralph R. Valvano, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 of Investview, Inc.;

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: November 13, 2023

/s/ Ralph R. Valvano
Ralph R. Valvano
Chief Financial Officer (Principal Financial and Accounting Officer)

Exhibit 32.01

CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Investview, Inc. (the “Company”) for the Quarter ended September 30, 2023, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Victor M. Oviedo, the Chief Executive Officer, of the Company, do hereby certify pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge and belief that:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: November 13, 2023

/s/ Victor M. Oviedo
Victor M. Oviedo
Chief Executive Officer (Principal Executive Officer)

Exhibit 32.02

CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Investview, Inc. (the “Company”) for the Quarter ended September 30, 2023, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Ralph R. Valvano, the Chief Financial Officer, of the Company, do hereby certify pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge and belief that:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: November 13, 2023

/s/ Ralph R. Valvano
Ralph R. Valvano
Chief Financial Officer (Principal Financial and Accounting Officer)

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2023	Nov. 10, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-27019
Entity Registrant Name	Investview, Inc.
Entity Central Index Key	0000862651
Entity Tax Identification Number	87-0369205
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	521 West Lancaster Avenue
Entity Address, Address Line Two	Second Floor
Entity Address, City or Town	Haverford
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19041
City Area Code	732
Local Phone Number	889-4300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,333,356,496

Condensed Consolidated Balance Sheets - USD ($)

Sep. 30, 2023

Dec. 31, 2022

Current assets:

Cash and cash equivalents

$ 22,512,638

$ 20,317,253

Restricted cash, current

390,119

931,540

Prepaid assets

1,031,876

366,561

Receivables

1,925,758

1,255,542

Inventory

249,480

Income tax paid in advance

84,533

535,932

Other current assets

2,047,582

2,360,957

Total current assets

27,992,506

26,017,265

Fixed assets, net

7,736,196

8,508,274

Other assets:

Restricted cash, long term

240,105

Other restricted assets, long term

135,670

113,139

Operating lease right-of-use asset

134,419

223,692

Deposits

2,588,127

473,598

Total other assets

2,858,216

1,050,534

Total assets

38,586,918

35,576,073

Current liabilities:

Accounts payable and accrued liabilities

6,270,194

4,608,786

Payroll liabilities

83,461

197,300

Income tax payable

245,402

240,603

Customer advance

96,609

Deferred revenue

2,803,982

2,074,574

Derivative liability

8,827

24,426

Dividend liability

240,410

236,630

Operating lease liability, current

115,901

^[1]

148,226

Debt, net of discounts, current

2,938,757

Total current liabilities

13,909,851

11,767,838

Operating lease liability, long term

30,132

79,432

Accrued liabilities, long term

1,586,190

Debt, net of discounts, long term

3,335,519

5,529,646

Total long term liabilities

6,029,054

6,433,659

Total liabilities

19,938,905

18,201,497

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, 2023 and December 31, 2022, respectively

252

Common stock, par value $0.001; 10,000,000,000 shares authorized; 2,333,356,496 and 2,636,275,489 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively

2,333,356

2,636,275

Additional paid in capital

103,527,994

104,350,746

Accumulated other comprehensive income (loss)

(23,218)

Accumulated deficit

(87,190,371)

(89,589,479)

Total stockholders’ equity (deficit)

18,648,013

17,374,576

Total liabilities and stockholders’ equity (deficit)

38,586,918

35,576,073

Related Party [Member]

Current liabilities:

1,202,917

1,201,927

$ 1,077,213

$ 824,581

[1]	Represents lease payments to be made in the next 12 months.

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	252,192	252,192
Preferred stock, shares outstanding	252,192	252,192
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	10,000,000,000	10,000,000,000
Common stock, shares issued	2,333,356,496	2,636,275,489
Common stock, shares outstanding	2,333,356,496	2,636,275,489

Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue:
Total revenue, net	$ 19,169,640	$ 14,996,159	$ 49,994,127	$ 47,509,839
Operating costs and expenses:
Cost of sales and service	3,147,890	2,144,733	7,614,768	5,873,214
Commissions	9,272,024	6,551,195	24,005,229	20,380,676
Selling and marketing	7,410	17,874	536,464	53,139
Salary and related	1,714,299	2,359,225	5,416,292	5,215,833
Professional fees	285,133	601,367	1,202,674	2,350,687
Impairment expense		625		7,008
Loss (gain) on disposal of assets		(118,041)	184,221	(389,550)
General and administrative	2,500,129	2,916,167	7,190,383	7,611,867
Total operating costs and expenses	16,926,885	14,473,145	46,150,031	41,102,874
Net income (loss) from operations	2,242,755	523,014	3,844,096	6,406,965
Other income (expense):
Gain (loss) on debt extinguishment				455
Gain (loss) on fair value of derivative liability	11,939	2,319	15,596	40,155
Realized gain (loss) on cryptocurrency	(58,401)	(318,000)	170,444	(1,338,597)
Interest expense	(4,726)	(4,726)	(14,024)	(14,024)
Other income (expense)	431,603	49,872	1,027,108	107,725
Total other income (expense)	69,821	(581,130)	270,116	(3,544,015)
Income (loss) before income taxes	2,312,576	(58,116)	4,114,212	2,862,950
Income tax expense	(304,262)	(362,563)	(1,100,599)	(1,004,308)
Net income (loss)	2,008,314	(420,679)	3,013,613	1,858,642
Dividends on Preferred Stock	(204,835)	(204,835)	(614,505)	(614,505)
Net income (loss) applicable to common shareholders	1,803,479	(625,514)	2,399,108	1,244,137
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments				(218)
Total other comprehensive income (loss)				(218)
Comprehensive income (loss)	$ 2,008,314	$ (420,679)	$ 3,013,613	$ 1,858,424
Basic income (loss) per common share	$ 0.00	$ (0.00)	$ 0.00	$ 0.00
Diluted income (loss) per common share	$ 0.00	$ (0.00)	$ 0.00	$ 0.00
Basic weighted average number of common shares outstanding	2,632,983,119	2,641,275,489	2,635,166,049	2,690,146,350
Diluted weighted average number of common shares outstanding	3,669,411,690	2,641,275,489	3,671,594,620	3,726,574,921
Related Party [Member]
Other income (expense):
Interest expense, related parties	$ (310,594)	$ (310,595)	$ (929,008)	$ (2,339,729)
Subscription Revenue [Member]
Revenue:
Total revenue, net	16,117,992	11,823,581	41,659,185	36,658,790
Mining Revenue [Member]
Revenue:
Total revenue, net	2,905,182	2,777,634	7,798,279	9,412,751
Cryptocurrency Revenue [Member]
Revenue:
Total revenue, net	146,466	351,433	513,285	1,308,809
Mining Equipment Repair Revenue [Member]
Revenue:
Total revenue, net		43,511	23,378	123,621
Digital Wallet Revenue [Member]
Revenue:
Total revenue, net				$ 5,868

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2021	$ 252	$ 2,904,211	$ 101,883,573	$ (23,000)	$ (75,825,195)	$ 28,939,841
Balance, shares at Dec. 31, 2021	252,192	2,904,210,762
Common stock issued for services and other stock based compensation			255,163			255,163
Common stock repurchased from related parties		$ (43,102)	(1,680,906)			(1,724,008)
Common stock repurchased from related parties, shares		(43,101,939)
Common stock purchased and canceled		$ (150,000)	150,000
Common stock purchased and cancelled, shares		(150,000,000)
Dividends					(204,835)	(204,835)
Foreign currency translation adjustment				380		380
Net income (loss)					2,379,029	2,379,029
Balance at Mar. 31, 2022	$ 252	$ 2,711,109	100,607,830	(22,620)	(73,651,001)	29,645,570
Balance, shares at Mar. 31, 2022	252,192	2,711,108,823
Balance at Dec. 31, 2021	$ 252	$ 2,904,211	101,883,573	(23,000)	(75,825,195)	28,939,841
Balance, shares at Dec. 31, 2021	252,192	2,904,210,762
Common stock purchased and cancelled, shares		69,833,334
Net income (loss)						1,858,642
Contribution of crypto currency from related party						1,185,821
Balance at Sep. 30, 2022	$ 252	$ 2,641,275	103,380,124	(23,218)	(74,581,058)	31,417,375
Balance, shares at Sep. 30, 2022	252,192	2,641,275,489
Balance at Mar. 31, 2022	$ 252	$ 2,711,109	100,607,830	(22,620)	(73,651,001)	29,645,570
Balance, shares at Mar. 31, 2022	252,192	2,711,108,823
Common stock issued for services and other stock based compensation			242,024			242,024
Common stock purchased and canceled		$ (69,834)	69,834
Common stock purchased and cancelled, shares		(69,833,334)
Dividends					(204,835)	(204,835)
Foreign currency translation adjustment				(598)		(598)
Net income (loss)					(99,708)	(99,708)
Contribution of crypto currency from related party			1,185,821			1,185,821
Balance at Jun. 30, 2022	$ 252	$ 2,641,275	102,105,509	(23,218)	(73,955,544)	30,768,274
Balance, shares at Jun. 30, 2022	252,192	2,641,275,489
Common stock issued for services and other stock based compensation			1,274,615			1,274,615
Dividends					(204,835)	(204,835)
Net income (loss)					(420,679)	(420,679)
Balance at Sep. 30, 2022	$ 252	$ 2,641,275	103,380,124	(23,218)	(74,581,058)	31,417,375
Balance, shares at Sep. 30, 2022	252,192	2,641,275,489
Balance at Dec. 31, 2022	$ 252	$ 2,636,275	104,350,746	(23,218)	(89,589,479)	17,374,576
Balance, shares at Dec. 31, 2022	252,192	2,636,275,489
Common stock issued for services and other stock based compensation			768,613			768,613
Dividends					(204,835)	(204,835)
Net income (loss)					407,894	407,894
Warrant Exercise			23			23
Warrant Exercise, shares		230
Derivative liability extinguished with warrant exercise			3			3
Balance at Mar. 31, 2023	$ 252	$ 2,636,275	105,119,385	(23,218)	(89,386,420)	18,346,274
Balance, shares at Mar. 31, 2023	252,192	2,636,275,719
Balance at Dec. 31, 2022	$ 252	$ 2,636,275	104,350,746	(23,218)	(89,589,479)	17,374,576
Balance, shares at Dec. 31, 2022	252,192	2,636,275,489
Net income (loss)						3,013,613
Contribution of crypto currency from related party
Balance at Sep. 30, 2023	$ 252	$ 2,333,356	103,527,994	(23,218)	(87,190,371)	18,648,013
Balance, shares at Sep. 30, 2023	252,192	2,333,356,496
Balance at Mar. 31, 2023	$ 252	$ 2,636,275	105,119,385	(23,218)	(89,386,420)	18,346,274
Balance, shares at Mar. 31, 2023	252,192	2,636,275,719
Common stock issued for services and other stock based compensation			628,615			628,615
Dividends					(204,835)	(204,835)
Net income (loss)					597,405	597,405
Balance at Jun. 30, 2023	$ 252	$ 2,636,275	105,748,000	(23,218)	(88,993,850)	19,367,459
Balance, shares at Jun. 30, 2023	252,192	2,636,275,719
Common stock issued for services and other stock based compensation			649,455			649,455
Common stock purchased and canceled		$ (302,919)	(2,869,461)			(3,172,380)
Common stock purchased and cancelled, shares		(302,919,223)
Dividends					(204,835)	(204,835)
Net income (loss)					2,008,314	2,008,314
Balance at Sep. 30, 2023	$ 252	$ 2,333,356	$ 103,527,994	$ (23,218)	$ (87,190,371)	$ 18,648,013
Balance, shares at Sep. 30, 2023	252,192	2,333,356,496

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 3,013,613	$ 1,858,642
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation	3,258,738	4,251,122
Amortization of debt discount	252,632	1,643,726
Stock issued for services and other stock based compensation	2,046,683	1,771,802
Lease cost, net of repayment	7,648	(23,419)
(Gain) loss on debt extinguishment		(455)
(Gain) loss on disposal of assets	184,221	(389,550)
(Gain) loss on fair value of derivative liability	(15,596)	(40,155)
Realized (gain) loss on cryptocurrency	(170,444)	1,338,597
Impairment expense		7,008
Changes in operating assets and liabilities:
Receivables	(670,216)	(68,826)
Inventory	74,645	(371,796)
Prepaid assets	(665,315)	(164,124)
Income tax paid in advance	451,399	(611,584)
Other current assets	(1,142,470)	(2,907,972)
Deposits	(2,114,529)
Accounts payable and accrued liabilities	(38,621)	1,320,583
Income tax payable	4,799	(807,827)
Customer advance	(96,609)	66,368
Deferred revenue	729,408	(1,242,000)
Deferred tax liability		994,308
Accrued interest	14,024	14,024
Accrued interest, related parties	676,377	696,002
Net cash provided by (used in) operating activities	5,800,387	7,334,474
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received for the disposal of fixed assets	23,278	1,044,492
Cash paid for fixed assets	(2,529,237)	(15,265,360)
Net cash provided by (used in) investing activities	(2,505,959)	(14,220,868)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments for related party debt	(675,387)	(2,718,142)
Repayments for debt	(724,130)	(729,016)
Payments for share repurchase		(1,724,008)
Dividends paid	(481,075)	(470,563)
Proceeds from the exercise of warrants	23
Net cash provided by (used in) financing activities	(1,880,569)	(5,641,729)
Effect of exchange rate translation on cash		(218)
Net increase (decrease) in cash, cash equivalents, and restricted cash	1,413,859	(12,528,341)
Cash, cash equivalents, and restricted cash - beginning of period	21,488,898	32,616,906
Cash, cash equivalents, and restricted cash - end of period	22,902,757	20,088,565
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest	699,757	828,142
Income taxes	645,500	1,429,411
Non-cash investing and financing activities:
Common stock purchased and canceled	3,172,380	219,834
Derivative liability extinguished with warrant exercise	3
Dividends declared	614,505	614,505
Dividends paid with cryptocurrency	129,650	129,817
Debt and related party debt extinguished in exchange for cryptocurrency	1,484,021	1,487,797
Recognition of lease liability and ROU assets at lease commencement	23,520
Cryptocurrency received from sale of fixed assets	9,913
Purchase of fixed assets with cryptocurrrency		259,916
Transfer of fixed assets to inventory		567,522
Contribution of cryptocurrency from related party		$ 1,185,821

ORGANIZATION AND NATURE OF BUSINESS

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND NATURE OF BUSINESS

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Organization

On February 28, 2018, we filed a name change for Wealth Generators, LLC to Kuvera, LLC (“Kuvera”).

On January 17, 2019, we renamed our non-operating wholly owned subsidiary WealthGen Global, LLC to SAFETek, LLC, a Utah limited liability company.

On January 11, 2021, we filed a name change for Kuvera, LLC to iGenius, LLC (“iGenius”) and on February 2, 2021, we filed a name change for Kuvera (N.I.) Limited to iGenius Global LTD.

On September 20, 2021, the Board of Directors approved a change in our fiscal year from March 31 to December 31.

Nature of Business

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting

Our policy is to prepare our financial statements on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Principles of Consolidation

Financial Statement Reclassification

Certain account balances from prior periods have been reclassified in these consolidated financial statements to conform to current period classifications.

Use of Estimates

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Foreign Exchange

The following rates were used to translate the accounts of Kuvera France S.A.S. into USD for the following operating periods.

SCHEDULE OF EXCHANGE RATES

		Nine Months Ended September 30, 2022
Euro to USD			1.1118

Concentration of Credit Risk

Cash Equivalents and Restricted Cash

	September 30, 2023		December 31, 2022
Cash and cash equivalents	$	22,512,638	$	20,317,253
Restricted cash, current		390,119		931,540
Restricted cash, long term		-		240,105
Total cash, cash equivalents, and restricted cash shown on the statement of cash flows	$	22,902,757	$	21,488,898

Receivables

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Fixed Assets

Fixed assets were made up of the following at each balance sheet date:

SCHEDULE OF FIXED ASSETS

	Estimated Useful Life (years)		September 30, 2023			December 31, 2022
Furniture, fixtures, and equipment		10	$	2,970		$	76,716
Computer equipment		3		10,440			12,869
Leasehold improvements		Remaining Lease Term		-			40,528
Data processing equipment		3		14,179,769			13,187,312
Mining repair tools and equipment		1		-			13,627
				14,193,179			13,331,052
Accumulated depreciation				(6,456,983	)		(4,822,778	)
Net book value			$	7,736,196		$	8,508,274

Long-Lived Assets – Intangible Assets & License Agreement

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Impairment of Long-Lived Assets

Fair Value of Financial Instruments

U.S. generally accepted accounting principles provide for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:

	Level 1:	Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity can access.

	Level 2:	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:

	-	quoted prices for similar assets or liabilities in active markets;
	-	quoted prices for identical or similar assets or liabilities in markets that are not active;
	-	inputs other than quoted prices that are observable for the asset or liability; and
	-	inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3:

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of September 30, 2023:

	Level 1		Level 2		Level 3		Total
Total Assets	$	-	$	-	$	-	$	-

Derivative liability	$	-	$	-	$	8,827	$	8,827
Total Liabilities	$	-	$	-	$	8,827	$	8,827

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of December 31, 2022:

	Level 1		Level 2		Level 3		Total
Total Assets	$	-	$	-	$	-	$	-

Derivative liability	$	-	$	-	$	24,426	$	24,426
Total Liabilities	$	-	$	-	$	24,426	$	24,426

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Revenue Recognition

Subscription Revenue

Mining Revenue

Cryptocurrency Revenue

Mining Equipment Repair Revenue

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Digital Wallet Revenue

Revenue generated for the nine months ended September 30, 2023, was as follows:

SCHEDULE OF REVENUE GENERATED

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Total
Gross billings/receipts	$	45,284,739		$	990,785		$	7,798,279	$	23,378	$	54,097,181
Refunds, incentives, credits, and chargebacks		(3,625,554	)		-			-		-		(3,625,554	)
Amounts paid to providers		-			(477,500	)		-		-		(477,500	)
Net revenue	$	41,659,185		$	513,285		$	7,798,279	$	23,378	$	49,994,127

For the nine months ended September 30, 2023, foreign and domestic revenues were approximately $38.1 million and $11.9 million, respectively.

Revenue generated for the nine months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue			Total
Gross billings/receipts	$	39,087,141		$	2,548,316		$	9,412,751	$	123,621	$	7,157		$	51,178,986
Refunds, incentives, credits, and chargebacks		(2,428,351	)		-			-		-		-			(2,428,351	)
Amounts paid to providers		-			(1,239,507	)		-		-		(1,289	)		(1,240,796	)
Net revenue	$	36,658,790		$	1,308,809		$	9,412,751	$	123,621	$	5,868		$	47,509,839

For the nine months ended September 30, 2022 foreign and domestic revenues were approximately $32.2 million and $15.3 million, respectively.

Revenue generated for the three months ended September 30, 2023, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Total
Gross billings/receipts	$	17,499,805		$	258,466		$	2,905,182	$	20,663,453
Refunds, incentives, credits, and chargebacks		(1,381,813	)		-			-		(1,381,813	)
Amounts paid to providers		-			(112,000	)		-		(112,000	)
Net revenue	$	16,117,992		$	146,466		$	2,905,182	$	19,169,640

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

For the three months ended September 30, 2023, foreign and domestic revenues were approximately $14.7 million and $4.5 million, respectively.

Revenue generated for the three months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue		Total
Gross billings/receipts	$	12,638,375		$	673,933		$	2,777,634	$	43,511	$	-	$	16,133,453
Refunds, incentives, credits, and chargebacks		(814,794	)		-			-		-		-		(814,794	)
Amounts paid to providers		-			(322,500	)		-		-		-		(322,500	)
Net revenue	$	11,823,581		$	351,433		$	2,777,634	$	43,511	$	-	$	14,996,159

For the three months ended September 30, 2022 foreign and domestic revenues were approximately $10.3 million and $4.7 million, respectively.

Advertising, Selling, and Marketing Costs

Cost of Sales and Service

Inventory

Income Taxes

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Net Income (Loss) per Share

SCHEDULE OF DILUTED EARNINGS PER SHARE

	September 30, 2023
Net income (loss)	$	2,008,314
Less: preferred dividends		(204,835	)
Add: interest expense on convertible debt		225,129
Net income available to common shareholders (numerator)	$	2,028,608

Basic weighted average number of common shares outstanding		2,632,983,119
Dilutive impact of convertible notes		471,428,571
Dilutive impact of non-voting membership interest		565,000,000
Diluted weighted average number of common shares outstanding (denominator)		3,669,411,690

Diluted income per common share	$	0.00

	September 30, 2023			September 30, 2022
Net income (loss)	$	3,013,613		$	1,858,642
Less: preferred dividends		(614,505	)		(614,505	)
Add: interest expense on convertible debt		675,387			469,884
Net income available to common shareholders (numerator)	$	3,074,495		$	1,714,021

Basic weighted average number of common shares outstanding		2,635,166,049			2,690,146,350
Dilutive impact of convertible notes		471,428,571			471,428,571
Dilutive impact of non-voting membership interest		565,000,000			565,000,000
Diluted weighted average number of common shares outstanding (denominator)		3,671,594,620			3,726,574,921

Diluted income per common share	$	0.00		$	0.00

Lease Obligation

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

RECENT ACCOUNTING PRONOUNCEMENTS

9 Months Ended

Sep. 30, 2023

Accounting Changes and Error Corrections [Abstract]

RECENT ACCOUNTING PRONOUNCEMENTS

NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS

We have noted no recently issued accounting pronouncements that we have not yet adopted that we believe are applicable or would have a material impact on our financial statements.

LIQUIDITY

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

LIQUIDITY

NOTE 4 – LIQUIDITY

RELATED-PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2023

RELATED-PARTY TRANSACTIONS

NOTE 5 – RELATED-PARTY TRANSACTIONS

Related Party Debt

Our related-party payables consisted of the following:

SCHEDULE OF RELATED PARTY PAYABLES

	September 30, 2023			December 31, 2022
Convertible Promissory Note entered into on 4/27/20, net of debt discount of $855,038 as of September 30, 2023 [1]	$	444,962		$	347,782
Convertible Promissory Note entered into on 5/27/20, net of debt discount of $464,219 as of September 30, 2023 [2]		235,781			183,020
Convertible Promissory Note entered into on 11/9/20, net of debt discount of $903,530 as of September 30, 2023 [3]		396,470			293,779
Working Capital Promissory Note entered into on 3/22/21 [4]		1,202,917			1,201,927
Total related-party debt		2,280,130			2,026,508
Less: Current portion		(1,202,917	)		(1,201,927	)
Related-party debt, long term	$	1,077,213		$	824,581

[1]	On April 27, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, an entity controlled by our Chairman, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original terms of the agreement, the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $1,300,000. During the nine months ended September 30, 2023, we recognized $97,180 of the debt discount into interest expense, as well as expensed an additional $195,012 of interest expense on the note, all of which was repaid during the period.

[2]	On May 27, 2020, we received proceeds of $700,000 from DBR Capital, LLC, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries, and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original terms of the agreement, the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $700,000. During the nine months ended September 30, 2023, we recognized $52,761 of the debt discount into interest expense as well as expensed an additional $105,003 of interest expense on the note, all of which was repaid during the period.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

[3]	On November 9, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries, and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 38.5% per annum, made up of a 25% interest rate per annum and a facility fee of 13.5% per annum, payable monthly beginning February 1, 2021, and the principal is due and payable on April 27, 2030. Per the terms of the agreement, the note is convertible into common stock at a conversion price of $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $1,300,000. During the nine months ended September 30, 2023, we recognized $102,691 of the debt discount into interest expense as well as expensed an additional $375,372 of interest expense on the note, all of which was repaid during the period.

[4]	On March 22, 2021, we entered into Securities Purchase Agreements to purchase 100% of the operating assets of SSA Technologies LLC, an entity that owns and operates a FINRA-registered broker-dealer. SSA is controlled and partially owned by Joseph Cammarata, our former Chief Executive Officer. (See Note 10). Commencing upon execution of the agreements and through the closing of the transactions, we agreed to provide certain transition service arrangements to SSA. In connection with the transactions, we entered into a Working Capital Promissory Note with SSA under which SSA was to have advanced to us up to $1,500,000 before the end of 2021; however, SSA only provided advances of $1,200,000, to date. The note bears interest at the rate of 0.11% per annum. The note was due and payable by January 31, 2022; however, has not yet been repaid as we consider our legal options in light of SSA’s failure to complete its funding obligations. During the nine months ended September 30, 2023, we recorded interest expense of $990 on the note. The note was to have been secured by the pledge of 12,000,000 shares of our common stock; however, it remains unsecured as the pledge of shares was not implemented at the closing of the loan.

Other Related Party Arrangements

The consideration paid for the Purchased Shares of $2,922,380 plus the $250,000 expense allowance was allocated to the share purchase for a total of $3,172,380 (see NOTE 9).

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

DEBT

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

DEBT

NOTE 6 – DEBT

Our debt consisted of the following:

SCHEDULE OF DEBT

	September 30, 2023		December 31, 2022
Loan with the U.S. Small Business Administration dated 4/19/20 [1]	$	532,891	$	543,237
Long term notes for APEX lease buyback [2]		5,741,385		7,925,166
Total debt		6,274,276		8,468,403
Less: Current portion		2,938,757		2,938,757
Debt, long term portion	$	3,335,519	$	5,529,646

[1]	In April 2020, we received proceeds of $500,000 from a loan entered into with the U.S. Small Business Administration. Under the terms of the loan interest is to accrue at a rate of 3.75% per annum. We began making installment payments of $2,437 in October 2022. All interest and principal is due and payable thirty years from the date of the loan. During the nine months ended September 30, 2023 and 2022 we recorded $14,024 and $14,024, respectively, worth of interest on the loan. During the nine months ended September 30, 2023 we made interest payments on the loan of $24,370.

[2]	During the year ended March 31, 2021, we entered into notes with third parties for $19,089,500 in exchange for the cancellation of APEX leases previously entered into, which resulted in our purchase of all rights and obligations under the leases. We agreed to settle a portion of the debt during the year ended March 31, 2021, at a discount to the original note terms offered, by making lump sum payments, issuing shares of our common stock, issuing shares of our preferred stock, and issuing cryptocurrency. The remaining notes are all due December 31, 2024 and have a fixed monthly payment that is equal to 75% of the face value of the note, divided by 48 months. The monthly payments began the last day of January 2021 and continue until December 31, 2024 when the last monthly payment will be made, along with a balloon payment equal to 25% of the face value of the note, to extinguish the debt. During the nine months ended September 30, 2023, we repaid a portion of the debt with cash payments of $699,760 and issuances of cryptocurrency valued at $1,484,021. During the nine months ended September 30, 2022, we repaid a portion of the debt with cash payments of $729,016 and issuances of cryptocurrency valued at $1,487,797.

DERIVATIVE LIABILITY

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE LIABILITY

NOTE 7 – DERIVATIVE LIABILITY

During the nine months ended September 30, 2023, we had the following activity in our derivative liability account relating to our warrants:

SCHEDULE OF DERIVATIVE LIABILITY

Derivative liability at December 31, 2022	$	24,426
Derivative liability recorded on new instruments		-
Derivative liability reduced by warrant exercise (see NOTE 9)		(3	)
(Gain) loss on fair value		(15,596	)
Derivative liability at September 30, 2023	$	8,827

Risk free interest rate	4.80-5.03	%
Expected life in years	1.84 - 2.75
Expected volatility	117 - 143	%

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

OPERATING LEASE

9 Months Ended

Sep. 30, 2023

Operating Lease

OPERATING LEASE

NOTE 8 – OPERATING LEASE

At commencement of the Conroe Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $174,574. This lease was terminated in June 2023.

Future minimum lease payments under non-cancellable leases as of September 30, 2023, were as follows:


Remainder of 2023	$	23,808
2024		116,027
2025		7,835
Total		147,670
Less: Interest		(1,637	)
Present value of lease liability		146,033
Operating lease liability, current [1]		(115,901	)
Operating lease liability, long term	$	30,132

[1]

Represents lease payments to be made in the next 12 months.

STOCKHOLDERS’ EQUITY (DEFICIT)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

STOCKHOLDERS’ EQUITY (DEFICIT)

NOTE 9 – STOCKHOLDERS’ EQUITY (DEFICIT)

Preferred Stock

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

As of September 30, 2023 and December 31, 2022, we had 252,192 shares of preferred stock issued and outstanding.

Preferred Stock Dividends

Common Stock Transactions

As of September 30, 2023 and December 31, 2022, we had 2,333,356,496 and 2,636,275,489 shares of common stock issued and outstanding, respectively.

Options

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Warrants

Transactions involving our warrants are summarized as follows:

SUMMARY OF WARRANTS ISSUED

				Weighted
	Number of			Average
	Shares			Exercise Price
Warrants outstanding at December 31, 2022		1,178,320		$	0.10
Granted		-		$	-
Canceled/Expired		-		$	-
Exercised		(230	)	$	0.10
Warrants outstanding at September 30, 2023		1,178,090		$	0.10

Details of our warrants outstanding as of September 30, 2023, is as follows:

SUMMARY OF WARRANTS OUTSTANDING

Exercise Price				Warrants Outstanding				Warrants Exercisable				Weighted Average Contractual Life (Years)
$	0.10				1,178,090				1,178,090				2.40

Class B Units of Investview Financial Group Holdings, LLC

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 10 – COMMITMENTS AND CONTINGENCIES

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Prior to his termination, Mr. Cammarata and the Company engaged in certain transactions as described below:

INCOME TAXES

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 11 – INCOME TAXES

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Basis of Accounting

Basis of Accounting

Our policy is to prepare our financial statements on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Principles of Consolidation

Principles of Consolidation

Financial Statement Reclassification

Financial Statement Reclassification

Certain account balances from prior periods have been reclassified in these consolidated financial statements to conform to current period classifications.

Use of Estimates

Use of Estimates

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Foreign Exchange

Foreign Exchange

The following rates were used to translate the accounts of Kuvera France S.A.S. into USD for the following operating periods.

SCHEDULE OF EXCHANGE RATES

		Nine Months Ended September 30, 2022
Euro to USD			1.1118

Concentration of Credit Risk

Concentration of Credit Risk

Cash Equivalents and Restricted Cash

Cash Equivalents and Restricted Cash

	September 30, 2023		December 31, 2022
Cash and cash equivalents	$	22,512,638	$	20,317,253
Restricted cash, current		390,119		931,540
Restricted cash, long term		-		240,105
Total cash, cash equivalents, and restricted cash shown on the statement of cash flows	$	22,902,757	$	21,488,898

Receivables

Receivables

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Fixed Assets

Fixed Assets

Fixed assets were made up of the following at each balance sheet date:

SCHEDULE OF FIXED ASSETS

	Estimated Useful Life (years)		September 30, 2023			December 31, 2022
Furniture, fixtures, and equipment		10	$	2,970		$	76,716
Computer equipment		3		10,440			12,869
Leasehold improvements		Remaining Lease Term		-			40,528
Data processing equipment		3		14,179,769			13,187,312
Mining repair tools and equipment		1		-			13,627
				14,193,179			13,331,052
Accumulated depreciation				(6,456,983	)		(4,822,778	)
Net book value			$	7,736,196		$	8,508,274

Long-Lived Assets – Intangible Assets & License Agreement

Long-Lived Assets – Intangible Assets & License Agreement

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

Fair Value of Financial Instruments

Fair Value of Financial Instruments

U.S. generally accepted accounting principles provide for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:

	Level 1:	Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity can access.

	Level 2:	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:

	-	quoted prices for similar assets or liabilities in active markets;
	-	quoted prices for identical or similar assets or liabilities in markets that are not active;
	-	inputs other than quoted prices that are observable for the asset or liability; and
	-	inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3:

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of September 30, 2023:

	Level 1		Level 2		Level 3		Total
Total Assets	$	-	$	-	$	-	$	-

Derivative liability	$	-	$	-	$	8,827	$	8,827
Total Liabilities	$	-	$	-	$	8,827	$	8,827

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of December 31, 2022:

	Level 1		Level 2		Level 3		Total
Total Assets	$	-	$	-	$	-	$	-

Derivative liability	$	-	$	-	$	24,426	$	24,426
Total Liabilities	$	-	$	-	$	24,426	$	24,426

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Revenue Recognition

Revenue Recognition

Subscription Revenue

Mining Revenue

Cryptocurrency Revenue

Mining Equipment Repair Revenue

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Digital Wallet Revenue

Revenue generated for the nine months ended September 30, 2023, was as follows:

SCHEDULE OF REVENUE GENERATED

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Total
Gross billings/receipts	$	45,284,739		$	990,785		$	7,798,279	$	23,378	$	54,097,181
Refunds, incentives, credits, and chargebacks		(3,625,554	)		-			-		-		(3,625,554	)
Amounts paid to providers		-			(477,500	)		-		-		(477,500	)
Net revenue	$	41,659,185		$	513,285		$	7,798,279	$	23,378	$	49,994,127

For the nine months ended September 30, 2023, foreign and domestic revenues were approximately $38.1 million and $11.9 million, respectively.

Revenue generated for the nine months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue			Total
Gross billings/receipts	$	39,087,141		$	2,548,316		$	9,412,751	$	123,621	$	7,157		$	51,178,986
Refunds, incentives, credits, and chargebacks		(2,428,351	)		-			-		-		-			(2,428,351	)
Amounts paid to providers		-			(1,239,507	)		-		-		(1,289	)		(1,240,796	)
Net revenue	$	36,658,790		$	1,308,809		$	9,412,751	$	123,621	$	5,868		$	47,509,839

For the nine months ended September 30, 2022 foreign and domestic revenues were approximately $32.2 million and $15.3 million, respectively.

Revenue generated for the three months ended September 30, 2023, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Total
Gross billings/receipts	$	17,499,805		$	258,466		$	2,905,182	$	20,663,453
Refunds, incentives, credits, and chargebacks		(1,381,813	)		-			-		(1,381,813	)
Amounts paid to providers		-			(112,000	)		-		(112,000	)
Net revenue	$	16,117,992		$	146,466		$	2,905,182	$	19,169,640

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

For the three months ended September 30, 2023, foreign and domestic revenues were approximately $14.7 million and $4.5 million, respectively.

Revenue generated for the three months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue		Total
Gross billings/receipts	$	12,638,375		$	673,933		$	2,777,634	$	43,511	$	-	$	16,133,453
Refunds, incentives, credits, and chargebacks		(814,794	)		-			-		-		-		(814,794	)
Amounts paid to providers		-			(322,500	)		-		-		-		(322,500	)
Net revenue	$	11,823,581		$	351,433		$	2,777,634	$	43,511	$	-	$	14,996,159

For the three months ended September 30, 2022 foreign and domestic revenues were approximately $10.3 million and $4.7 million, respectively.

Advertising, Selling, and Marketing Costs

Advertising, Selling, and Marketing Costs

Cost of Sales and Service

Cost of Sales and Service

Inventory

Inventory

Income Taxes

Income Taxes

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

Net Income (Loss) per Share

Net Income (Loss) per Share

SCHEDULE OF DILUTED EARNINGS PER SHARE

	September 30, 2023
Net income (loss)	$	2,008,314
Less: preferred dividends		(204,835	)
Add: interest expense on convertible debt		225,129
Net income available to common shareholders (numerator)	$	2,028,608

Basic weighted average number of common shares outstanding		2,632,983,119
Dilutive impact of convertible notes		471,428,571
Dilutive impact of non-voting membership interest		565,000,000
Diluted weighted average number of common shares outstanding (denominator)		3,669,411,690

Diluted income per common share	$	0.00

	September 30, 2023			September 30, 2022
Net income (loss)	$	3,013,613		$	1,858,642
Less: preferred dividends		(614,505	)		(614,505	)
Add: interest expense on convertible debt		675,387			469,884
Net income available to common shareholders (numerator)	$	3,074,495		$	1,714,021

Basic weighted average number of common shares outstanding		2,635,166,049			2,690,146,350
Dilutive impact of convertible notes		471,428,571			471,428,571
Dilutive impact of non-voting membership interest		565,000,000			565,000,000
Diluted weighted average number of common shares outstanding (denominator)		3,671,594,620			3,726,574,921

Diluted income per common share	$	0.00		$	0.00

Lease Obligation

Lease Obligation

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

SCHEDULE OF EXCHANGE RATES

The following rates were used to translate the accounts of Kuvera France S.A.S. into USD for the following operating periods.

SCHEDULE OF EXCHANGE RATES

		Nine Months Ended September 30, 2022
Euro to USD			1.1118

SCHEDULE OF RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH

	September 30, 2023		December 31, 2022
Cash and cash equivalents	$	22,512,638	$	20,317,253
Restricted cash, current		390,119		931,540
Restricted cash, long term		-		240,105
Total cash, cash equivalents, and restricted cash shown on the statement of cash flows	$	22,902,757	$	21,488,898

SCHEDULE OF FIXED ASSETS

Fixed assets were made up of the following at each balance sheet date:

SCHEDULE OF FIXED ASSETS

	Estimated Useful Life (years)		September 30, 2023			December 31, 2022
Furniture, fixtures, and equipment		10	$	2,970		$	76,716
Computer equipment		3		10,440			12,869
Leasehold improvements		Remaining Lease Term		-			40,528
Data processing equipment		3		14,179,769			13,187,312
Mining repair tools and equipment		1		-			13,627
				14,193,179			13,331,052
Accumulated depreciation				(6,456,983	)		(4,822,778	)
Net book value			$	7,736,196		$	8,508,274

SCHEDULE OF ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of September 30, 2023:

	Level 1		Level 2		Level 3		Total
Total Assets	$	-	$	-	$	-	$	-

Derivative liability	$	-	$	-	$	8,827	$	8,827
Total Liabilities	$	-	$	-	$	8,827	$	8,827

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of December 31, 2022:

	Level 1		Level 2		Level 3		Total
Total Assets	$	-	$	-	$	-	$	-

Derivative liability	$	-	$	-	$	24,426	$	24,426
Total Liabilities	$	-	$	-	$	24,426	$	24,426

SCHEDULE OF REVENUE GENERATED

Revenue generated for the nine months ended September 30, 2023, was as follows:

SCHEDULE OF REVENUE GENERATED

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Total
Gross billings/receipts	$	45,284,739		$	990,785		$	7,798,279	$	23,378	$	54,097,181
Refunds, incentives, credits, and chargebacks		(3,625,554	)		-			-		-		(3,625,554	)
Amounts paid to providers		-			(477,500	)		-		-		(477,500	)
Net revenue	$	41,659,185		$	513,285		$	7,798,279	$	23,378	$	49,994,127

For the nine months ended September 30, 2023, foreign and domestic revenues were approximately $38.1 million and $11.9 million, respectively.

Revenue generated for the nine months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue			Total
Gross billings/receipts	$	39,087,141		$	2,548,316		$	9,412,751	$	123,621	$	7,157		$	51,178,986
Refunds, incentives, credits, and chargebacks		(2,428,351	)		-			-		-		-			(2,428,351	)
Amounts paid to providers		-			(1,239,507	)		-		-		(1,289	)		(1,240,796	)
Net revenue	$	36,658,790		$	1,308,809		$	9,412,751	$	123,621	$	5,868		$	47,509,839

For the nine months ended September 30, 2022 foreign and domestic revenues were approximately $32.2 million and $15.3 million, respectively.

Revenue generated for the three months ended September 30, 2023, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Total
Gross billings/receipts	$	17,499,805		$	258,466		$	2,905,182	$	20,663,453
Refunds, incentives, credits, and chargebacks		(1,381,813	)		-			-		(1,381,813	)
Amounts paid to providers		-			(112,000	)		-		(112,000	)
Net revenue	$	16,117,992		$	146,466		$	2,905,182	$	19,169,640

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

For the three months ended September 30, 2023, foreign and domestic revenues were approximately $14.7 million and $4.5 million, respectively.

Revenue generated for the three months ended September 30, 2022, was as follows:

	Subscription Revenue			Cryptocurrency Revenue			Mining Revenue		Miner Repair Revenue		Digital Wallet Revenue		Total
Gross billings/receipts	$	12,638,375		$	673,933		$	2,777,634	$	43,511	$	-	$	16,133,453
Refunds, incentives, credits, and chargebacks		(814,794	)		-			-		-		-		(814,794	)
Amounts paid to providers		-			(322,500	)		-		-		-		(322,500	)
Net revenue	$	11,823,581		$	351,433		$	2,777,634	$	43,511	$	-	$	14,996,159

SCHEDULE OF DILUTED EARNINGS PER SHARE

	September 30, 2023
Net income (loss)	$	2,008,314
Less: preferred dividends		(204,835	)
Add: interest expense on convertible debt		225,129
Net income available to common shareholders (numerator)	$	2,028,608

Basic weighted average number of common shares outstanding		2,632,983,119
Dilutive impact of convertible notes		471,428,571
Dilutive impact of non-voting membership interest		565,000,000
Diluted weighted average number of common shares outstanding (denominator)		3,669,411,690

Diluted income per common share	$	0.00

	September 30, 2023			September 30, 2022
Net income (loss)	$	3,013,613		$	1,858,642
Less: preferred dividends		(614,505	)		(614,505	)
Add: interest expense on convertible debt		675,387			469,884
Net income available to common shareholders (numerator)	$	3,074,495		$	1,714,021

Basic weighted average number of common shares outstanding		2,635,166,049			2,690,146,350
Dilutive impact of convertible notes		471,428,571			471,428,571
Dilutive impact of non-voting membership interest		565,000,000			565,000,000
Diluted weighted average number of common shares outstanding (denominator)		3,671,594,620			3,726,574,921

Diluted income per common share	$	0.00		$	0.00

RELATED-PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2023

SCHEDULE OF RELATED PARTY PAYABLES

Our related-party payables consisted of the following:

SCHEDULE OF RELATED PARTY PAYABLES

	September 30, 2023			December 31, 2022
Convertible Promissory Note entered into on 4/27/20, net of debt discount of $855,038 as of September 30, 2023 [1]	$	444,962		$	347,782
Convertible Promissory Note entered into on 5/27/20, net of debt discount of $464,219 as of September 30, 2023 [2]		235,781			183,020
Convertible Promissory Note entered into on 11/9/20, net of debt discount of $903,530 as of September 30, 2023 [3]		396,470			293,779
Working Capital Promissory Note entered into on 3/22/21 [4]		1,202,917			1,201,927
Total related-party debt		2,280,130			2,026,508
Less: Current portion		(1,202,917	)		(1,201,927	)
Related-party debt, long term	$	1,077,213		$	824,581

[1]	On April 27, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, an entity controlled by our Chairman, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original terms of the agreement, the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $1,300,000. During the nine months ended September 30, 2023, we recognized $97,180 of the debt discount into interest expense, as well as expensed an additional $195,012 of interest expense on the note, all of which was repaid during the period.

[2]	On May 27, 2020, we received proceeds of $700,000 from DBR Capital, LLC, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries, and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original terms of the agreement, the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $700,000. During the nine months ended September 30, 2023, we recognized $52,761 of the debt discount into interest expense as well as expensed an additional $105,003 of interest expense on the note, all of which was repaid during the period.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2023

(Unaudited)

[3]	On November 9, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries, and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 38.5% per annum, made up of a 25% interest rate per annum and a facility fee of 13.5% per annum, payable monthly beginning February 1, 2021, and the principal is due and payable on April 27, 2030. Per the terms of the agreement, the note is convertible into common stock at a conversion price of $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $1,300,000. During the nine months ended September 30, 2023, we recognized $102,691 of the debt discount into interest expense as well as expensed an additional $375,372 of interest expense on the note, all of which was repaid during the period.

[4]	On March 22, 2021, we entered into Securities Purchase Agreements to purchase 100% of the operating assets of SSA Technologies LLC, an entity that owns and operates a FINRA-registered broker-dealer. SSA is controlled and partially owned by Joseph Cammarata, our former Chief Executive Officer. (See Note 10). Commencing upon execution of the agreements and through the closing of the transactions, we agreed to provide certain transition service arrangements to SSA. In connection with the transactions, we entered into a Working Capital Promissory Note with SSA under which SSA was to have advanced to us up to $1,500,000 before the end of 2021; however, SSA only provided advances of $1,200,000, to date. The note bears interest at the rate of 0.11% per annum. The note was due and payable by January 31, 2022; however, has not yet been repaid as we consider our legal options in light of SSA’s failure to complete its funding obligations. During the nine months ended September 30, 2023, we recorded interest expense of $990 on the note. The note was to have been secured by the pledge of 12,000,000 shares of our common stock; however, it remains unsecured as the pledge of shares was not implemented at the closing of the loan.

DEBT (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

SCHEDULE OF DEBT

Our debt consisted of the following:

SCHEDULE OF DEBT

	September 30, 2023		December 31, 2022
Loan with the U.S. Small Business Administration dated 4/19/20 [1]	$	532,891	$	543,237
Long term notes for APEX lease buyback [2]		5,741,385		7,925,166
Total debt		6,274,276		8,468,403
Less: Current portion		2,938,757		2,938,757
Debt, long term portion	$	3,335,519	$	5,529,646

[1]	In April 2020, we received proceeds of $500,000 from a loan entered into with the U.S. Small Business Administration. Under the terms of the loan interest is to accrue at a rate of 3.75% per annum. We began making installment payments of $2,437 in October 2022. All interest and principal is due and payable thirty years from the date of the loan. During the nine months ended September 30, 2023 and 2022 we recorded $14,024 and $14,024, respectively, worth of interest on the loan. During the nine months ended September 30, 2023 we made interest payments on the loan of $24,370.

[2]	During the year ended March 31, 2021, we entered into notes with third parties for $19,089,500 in exchange for the cancellation of APEX leases previously entered into, which resulted in our purchase of all rights and obligations under the leases. We agreed to settle a portion of the debt during the year ended March 31, 2021, at a discount to the original note terms offered, by making lump sum payments, issuing shares of our common stock, issuing shares of our preferred stock, and issuing cryptocurrency. The remaining notes are all due December 31, 2024 and have a fixed monthly payment that is equal to 75% of the face value of the note, divided by 48 months. The monthly payments began the last day of January 2021 and continue until December 31, 2024 when the last monthly payment will be made, along with a balloon payment equal to 25% of the face value of the note, to extinguish the debt. During the nine months ended September 30, 2023, we repaid a portion of the debt with cash payments of $699,760 and issuances of cryptocurrency valued at $1,484,021. During the nine months ended September 30, 2022, we repaid a portion of the debt with cash payments of $729,016 and issuances of cryptocurrency valued at $1,487,797.

DERIVATIVE LIABILITY (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

SCHEDULE OF DERIVATIVE LIABILITY

During the nine months ended September 30, 2023, we had the following activity in our derivative liability account relating to our warrants:

SCHEDULE OF DERIVATIVE LIABILITY

Derivative liability at December 31, 2022	$	24,426
Derivative liability recorded on new instruments		-
Derivative liability reduced by warrant exercise (see NOTE 9)		(3	)
(Gain) loss on fair value		(15,596	)
Derivative liability at September 30, 2023	$	8,827

SCHEDULE OF ASSUMPTIONS USED IN BINOMINAL OPTION PRICING MODE

Risk free interest rate	4.80-5.03	%
Expected life in years	1.84 - 2.75
Expected volatility	117 - 143	%

OPERATING LEASE (Tables)

9 Months Ended

Sep. 30, 2023

Operating Lease

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE LEASES

Future minimum lease payments under non-cancellable leases as of September 30, 2023, were as follows:


Remainder of 2023	$	23,808
2024		116,027
2025		7,835
Total		147,670
Less: Interest		(1,637	)
Present value of lease liability		146,033
Operating lease liability, current [1]		(115,901	)
Operating lease liability, long term	$	30,132

[1]

Represents lease payments to be made in the next 12 months.

STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

SUMMARY OF WARRANTS ISSUED

Transactions involving our warrants are summarized as follows:

SUMMARY OF WARRANTS ISSUED

				Weighted
	Number of			Average
	Shares			Exercise Price
Warrants outstanding at December 31, 2022		1,178,320		$	0.10
Granted		-		$	-
Canceled/Expired		-		$	-
Exercised		(230	)	$	0.10
Warrants outstanding at September 30, 2023		1,178,090		$	0.10

SUMMARY OF WARRANTS OUTSTANDING

Details of our warrants outstanding as of September 30, 2023, is as follows:

SUMMARY OF WARRANTS OUTSTANDING

Exercise Price				Warrants Outstanding				Warrants Exercisable				Weighted Average Contractual Life (Years)
$	0.10				1,178,090				1,178,090				2.40

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) - USD ($)			9 Months Ended
	Jun. 06, 2017	Apr. 01, 2017	Sep. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Entity incorporation, date of incorporation			Jan. 30, 1946
Contribution Agreement [Member] \| Wealth Generators LLC [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage on contributed shares		100.00%
Number of shares exchanged for common stock		1,358,670,942
Acquisition Agreement [Member] \| Market Trend Strategies LLC [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Value pre-merger liabilities	$ 419,139

SCHEDULE OF EXCHANGE RATES (Details)	9 Months Ended
SCHEDULE OF EXCHANGE RATES (Details)	Sep. 30, 2022
Euro To USD [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Euro to USD	1.1118

SCHEDULE OF RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 22,512,638	$ 20,317,253
Restricted cash, current	390,119	931,540
Restricted cash, long term		240,105
Total cash, cash equivalents, and restricted cash shown on the statement of cash flows	$ 22,902,757	$ 21,488,898	$ 20,088,565	$ 32,616,906

SCHEDULE OF FIXED ASSETS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,193,179	$ 13,331,052
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Leasehold Improvements [Member]
Accumulated depreciation	$ (6,456,983)	(4,822,778)
Net book value	$ 7,736,196	8,508,274
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of fixed assets	10 years
Property, plant and equipment, gross	$ 2,970	76,716
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of fixed assets	3 years
Property, plant and equipment, gross	$ 10,440	12,869
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross		40,528
Data Processing Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of fixed assets	3 years
Property, plant and equipment, gross	$ 14,179,769	13,187,312
Mining Repair Tools and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of fixed assets	1 year
Property, plant and equipment, gross		$ 13,627

SCHEDULE OF ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Platform Operator, Crypto-Asset [Line Items]
Total Assets
Derivative liability	8,827	24,426
Total Liabilities	8,827	24,426
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Total Assets
Derivative liability
Total Liabilities
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto-Asset [Line Items]
Total Assets
Derivative liability
Total Liabilities
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto-Asset [Line Items]
Total Assets
Derivative liability	8,827	24,426
Total Liabilities	$ 8,827	$ 24,426

SCHEDULE OF REVENUE GENERATED (Details) - USD ($)	3 Months Ended		9 Months Ended
SCHEDULE OF REVENUE GENERATED (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Product Information [Line Items]
Gross billings/receipts	$ 20,663,453	$ 16,133,453	$ 54,097,181	$ 51,178,986
Refunds, incentives, credits, and chargebacks	(1,381,813)	(814,794)	(3,625,554)	(2,428,351)
Amounts paid to providers	(112,000)	(322,500)	(477,500)	(1,240,796)
Net revenue	19,169,640	14,996,159	49,994,127	47,509,839
Subscription Revenue [Member]
Product Information [Line Items]
Gross billings/receipts	17,499,805	12,638,375	45,284,739	39,087,141
Refunds, incentives, credits, and chargebacks	(1,381,813)	(814,794)	(3,625,554)	(2,428,351)
Amounts paid to providers
Net revenue	16,117,992	11,823,581	41,659,185	36,658,790
Cryptocurrency Revenue [Member]
Product Information [Line Items]
Gross billings/receipts	258,466	673,933	990,785	2,548,316
Refunds, incentives, credits, and chargebacks
Amounts paid to providers	(112,000)	(322,500)	(477,500)	(1,239,507)
Net revenue	146,466	351,433	513,285	1,308,809
Mining Revenue [Member]
Product Information [Line Items]
Gross billings/receipts	2,905,182	2,777,634	7,798,279	9,412,751
Refunds, incentives, credits, and chargebacks
Amounts paid to providers
Net revenue	$ 2,905,182	2,777,634	7,798,279	9,412,751
Mining Repair Revenue [Member]
Product Information [Line Items]
Gross billings/receipts		43,511	23,378	123,621
Refunds, incentives, credits, and chargebacks
Amounts paid to providers
Net revenue		43,511	$ 23,378	123,621
Digital Wallet [Member]
Product Information [Line Items]
Gross billings/receipts				7,157
Refunds, incentives, credits, and chargebacks
Amounts paid to providers				(1,289)
Net revenue				$ 5,868

SCHEDULE OF DILUTED EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Accounting Policies [Abstract]
Net income (loss)	$ 2,008,314	$ 597,405	$ 407,894	$ (420,679)	$ (99,708)	$ 2,379,029	$ 3,013,613	$ 1,858,642
Less: preferred dividends	(204,835)						(614,505)	(614,505)
Add: interest expense on convertible debt	225,129						675,387	469,884
Net income available to common shareholders (numerator)	$ 2,028,608						$ 3,074,495	$ 1,714,021
Basic weighted average number of common shares outstanding	2,632,983,119						2,635,166,049	2,690,146,350
Dilutive impact of convertible notes	471,428,571						471,428,571	471,428,571
Dilutive impact of non-voting membership interest	565,000,000						565,000,000	565,000,000
Diluted weighted average number of common shares outstanding (denominator)	3,669,411,690						3,671,594,620	3,726,574,921
Diluted income per common share	$ 0.00			$ (0.00)			$ 0.00	$ 0.00

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Product Information [Line Items]
Cash, FDIC insured amount	$ 250,000		$ 250,000
Cash balances exceeded FDIC limits	5,306,536		5,306,536		$ 18,202,860
Allowance for doubtful accounts	722,324		722,324		719,342
Accounts receivable	500,000		500,000		775,000
Depreciation expense			3,258,738	$ 4,251,122	4,251,122
Net book value	26,729	$ 654,942	26,729	654,942
Cash received from the disposal of fixed assets			23,278	1,044,492
Gain on disposal of assets			6,462
Loss on disposition of assets			15,848
Gain on disposal of assets		118,041	(184,221)	389,550
Cryptocurrencies	2,183,252		2,183,252		2,474,096
Other current assets	2,047,582		2,047,582		2,360,957
Other restricted assets, long term	135,670	135,670	135,670	135,670	113,139
Total revenue, net	19,169,640	14,996,159	49,994,127	47,509,839
Realized gain loss on cryptocurrency	(58,401)	(318,000)	170,444	(1,338,597)
Tangible asset impairment charges			0	15,772
Accumulated depreciation				8,764
Asset impairment charges		625		7,008
Deferred revenue	2,803,982		2,803,982		2,074,574
Customer advance					96,609
Advertising, selling, and marketing expenses			536,464	53,139
Cost of sales and service	3,147,890	2,144,733	7,614,768	5,873,214
Loss on disposal on assets			174,835
Inventory, entirely finished goods					$ 249,480
Diluted income	1,036,428,571
Securities Purchase Agreement [Member] \| M Power Trading Systems LLC [Member]
Product Information [Line Items]
Intangible assets value						$ 7,240,000
Mining Revenue [Member]
Product Information [Line Items]
Total revenue, net	$ 2,905,182	2,777,634	7,798,279	9,412,751
Foreign Revenue [Member]
Product Information [Line Items]
Total revenue, net	14,700,000	10,300,000	38,100,000	32,200,000
Domestic Revenue [Member]
Product Information [Line Items]
Total revenue, net	$ 4,500,000	$ 4,700,000	11,900,000	$ 15,300,000
Bitcoin [Member]
Product Information [Line Items]
Proceeds on sale of stock			$ 9,913

LIQUIDITY (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
LIQUIDITY (Details Narrative) - USD ($)	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operating income loss	$ 2,242,755			$ 523,014			$ 3,844,096	$ 6,406,965
Net income	2,008,314	$ 597,405	$ 407,894	$ (420,679)	$ (99,708)	$ 2,379,029	3,013,613	$ 1,858,642
Cash and cash equivalents	22,512,638						22,512,638		$ 20,317,253
Working capital							14,082,655
Other assets, current	$ 2,047,582						$ 2,047,582		$ 2,360,957

SCHEDULE OF RELATED PARTY PAYABLES (Details) - USD ($)

Sep. 30, 2023

Dec. 31, 2022

Convertible Promissory Note entered into on 4/27/20, net of debt discount of $855,038 as of September 30, 2023

^[1]

$ 444,962

$ 347,782

Convertible Promissory Note entered into on 5/27/20, net of debt discount of $464,219 as of September 30, 2023

^[2]

235,781

183,020

Convertible Promissory Note entered into on 11/9/20, net of debt discount of $903,530 as of September 30, 2023

^[3]

396,470

293,779

Working Capital Promissory Note entered into on 3/22/21

^[4]

1,202,917

1,201,927

Related Party [Member]

Total related-party debt

2,280,130

2,026,508

Less: Current portion

(1,202,917)

(1,201,927)

Related-party debt, long term

$ 1,077,213

$ 824,581

[1]	On April 27, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, an entity controlled by our Chairman, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original terms of the agreement, the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $1,300,000. During the nine months ended September 30, 2023, we recognized $97,180 of the debt discount into interest expense, as well as expensed an additional $195,012 of interest expense on the note, all of which was repaid during the period.
[2]	On May 27, 2020, we received proceeds of $700,000 from DBR Capital, LLC, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries, and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original terms of the agreement, the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $700,000. During the nine months ended September 30, 2023, we recognized $52,761 of the debt discount into interest expense as well as expensed an additional $105,003 of interest expense on the note, all of which was repaid during the period.
[3]	On November 9, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, and entered into a convertible promissory note. The note is secured by collateral of the Company and its subsidiaries, and certain Company shares pledged by non-affiliated shareholders. The note bears interest at 38.5% per annum, made up of a 25% interest rate per annum and a facility fee of 13.5% per annum, payable monthly beginning February 1, 2021, and the principal is due and payable on April 27, 2030. Per the terms of the agreement, the note is convertible into common stock at a conversion price of $0.007 per share. At inception we recorded a beneficial conversion feature and debt discount of $1,300,000. During the nine months ended September 30, 2023, we recognized $102,691 of the debt discount into interest expense as well as expensed an additional $375,372 of interest expense on the note, all of which was repaid during the period.
[4]	On March 22, 2021, we entered into Securities Purchase Agreements to purchase 100% of the operating assets of SSA Technologies LLC, an entity that owns and operates a FINRA-registered broker-dealer. SSA is controlled and partially owned by Joseph Cammarata, our former Chief Executive Officer. (See Note 10). Commencing upon execution of the agreements and through the closing of the transactions, we agreed to provide certain transition service arrangements to SSA. In connection with the transactions, we entered into a Working Capital Promissory Note with SSA under which SSA was to have advanced to us up to $1,500,000 before the end of 2021; however, SSA only provided advances of $1,200,000, to date. The note bears interest at the rate of 0.11% per annum. The note was due and payable by January 31, 2022; however, has not yet been repaid as we consider our legal options in light of SSA’s failure to complete its funding obligations. During the nine months ended September 30, 2023, we recorded interest expense of $990 on the note. The note was to have been secured by the pledge of 12,000,000 shares of our common stock; however, it remains unsecured as the pledge of shares was not implemented at the closing of the loan.

SCHEDULE OF RELATED PARTY PAYABLES (Details) (Parenthetical) - USD ($)					9 Months Ended
	Mar. 22, 2021	Nov. 09, 2020	May 27, 2020	Apr. 27, 2020	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Debt discount into interest expense					$ 252,632	$ 1,643,726
Convertible Promissory Note [Member]
Related Party Transaction [Line Items]
Net of debt discount					855,038
Convertible Promissory Note [Member] \| Chairman [Member] \| DBR Capital LLC [Member]
Related Party Transaction [Line Items]
Received proceeds from related party debt				$ 1,300,000
Debt interest rate				20.00%
Debt instrument maturity date				Apr. 27, 2030
Debt conversion price per share		$ 0.007		$ 0.01257
Beneficial conversion feature and debt discount				$ 1,300,000
Debt discount into interest expense					97,180
Interest expense					195,012
Convertible Promissory Note Two [Member]
Related Party Transaction [Line Items]
Net of debt discount					464,219
Convertible Promissory Note Two [Member] \| DBR Capital LLC [Member]
Related Party Transaction [Line Items]
Received proceeds from related party debt		$ 1,300,000
Debt interest rate		38.50%
Debt instrument maturity date		Apr. 27, 2030
Debt conversion price per share		$ 0.007
Beneficial conversion feature and debt discount		$ 1,300,000
Debt discount into interest expense					102,691
Interest expense					375,372
Debt interest rate		25.00%
Facility fee percentage		13.50%
Convertible Promissory Note Three [Member]
Related Party Transaction [Line Items]
Net of debt discount					903,530
Convertible Promissory Note One [Member] \| DBR Capital LLC [Member]
Related Party Transaction [Line Items]
Received proceeds from related party debt			$ 700,000
Debt interest rate			20.00%
Debt instrument maturity date			Apr. 27, 2030
Debt conversion price per share		$ 0.007	$ 0.01257
Beneficial conversion feature and debt discount			$ 700,000
Debt discount into interest expense					52,761
Interest expense					105,003
Convertible Promissory Note Four [Member]
Related Party Transaction [Line Items]
Debt interest rate	0.11%
Debt instrument face amount	$ 1,200,000
Debt instrument conversion feature	12,000,000
Convertible Promissory Note Four [Member] \| Maximum [Member]
Related Party Transaction [Line Items]
Debt instrument face amount	$ 1,500,000
Convertible Promissory Note Four [Member] \| Working Capital Promissory [Member]
Related Party Transaction [Line Items]
Acquire percentage	100.00%
Convertible Promissory Note Four [Member] \| SSA Technologies LLC [Member]
Related Party Transaction [Line Items]
Interest expense					$ 990

RELATED-PARTY TRANSACTIONS (Details Narrative) - USD ($)				3 Months Ended	9 Months Ended
	Sep. 29, 2023	Jan. 06, 2022	Apr. 27, 2020	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares forfeited						219,833,334
Shares purchased value				$ 1,724,008
Consideration paid for purchased shares						$ 1,724,008
Related party transaction amounts of advance			$ 11,000,000
Separation Agreements [Member] \| Mario Romano and Annette Raynor [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares forfeited		150,000,000
Number of stock repurchased		43,101,939
Repurchased shares, value		$ 1,724,008
Share based compensation vesting, shares		63,333,333
Stock Purchase And Release Agreement [Member] \| Mario Romano and Annette Raynor [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares repurchased	302,919,223				302,919,223
Shares purchased value	$ 2,922,380
Share price	$ 0.00964739
Legal fees	$ 250,000
Consideration paid for purchased shares	2,922,380
Consideration paid for purchased shares and expenses	$ 3,172,380				$ 3,172,380

SCHEDULE OF DEBT (Details) - USD ($)

Sep. 30, 2023

Dec. 31, 2022

Short-Term Debt [Line Items]

Total debt

$ 6,274,276

$ 8,468,403

Current portion

2,938,757

Debt, long term portion

3,335,519

5,529,646

Loan With The US Small Business Administartion [Member]

Short-Term Debt [Line Items]

Total debt

^[1]

532,891

543,237

Long Term Notes For APEX Lease Buyback [Member]

Short-Term Debt [Line Items]

Total debt

^[2]

$ 5,741,385

$ 7,925,166

[1]

In April 2020, we received proceeds of $500,000 from a loan entered into with the U.S. Small Business Administration. Under the terms of the loan interest is to accrue at a rate of 3.75% per annum. We began making installment payments of $2,437 in October 2022. All interest and principal is due and payable thirty years from the date of the loan. During the nine months ended September 30, 2023 and 2022 we recorded $14,024 and $14,024, respectively, worth of interest on the loan. During the nine months ended September 30, 2023 we made interest payments on the loan of $24,370.

[2]

During the year ended March 31, 2021, we entered into notes with third parties for $19,089,500 in exchange for the cancellation of APEX leases previously entered into, which resulted in our purchase of all rights and obligations under the leases. We agreed to settle a portion of the debt during the year ended March 31, 2021, at a discount to the original note terms offered, by making lump sum payments, issuing shares of our common stock, issuing shares of our preferred stock, and issuing cryptocurrency. The remaining notes are all due December 31, 2024 and have a fixed monthly payment that is equal to 75% of the face value of the note, divided by 48 months. The monthly payments began the last day of January 2021 and continue until December 31, 2024 when the last monthly payment will be made, along with a balloon payment equal to 25% of the face value of the note, to extinguish the debt. During the nine months ended September 30, 2023, we repaid a portion of the debt with cash payments of $699,760 and issuances of cryptocurrency valued at $1,484,021. During the nine months ended September 30, 2022, we repaid a portion of the debt with cash payments of $729,016 and issuances of cryptocurrency valued at $1,487,797.

SCHEDULE OF DEBT (Details) (Parenthetical) - USD ($)	1 Months Ended	9 Months Ended		12 Months Ended
SCHEDULE OF DEBT (Details) (Parenthetical) - USD ($)	Apr. 30, 2020	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2021	Dec. 31, 2022
Repayments on the loan		$ 24,370
Notes payable, related parties		6,274,276			$ 8,468,403
Repayments of debt		724,130	$ 729,016
US Small Business Administration One [Member]
Proceeds from short-term debt	$ 500,000
Debt instrument, interest rate	3.75%
Debt instrument, periodic payment	$ 2,437	14,024	14,024
APEX Tex LLC [Member]
Debt instrument, interest rate				75.00%
Debt instrument, maturity date				Dec. 31, 2024
Payment percentage				25.00%
Repayments of debt		699,760	729,016
Issuances of cryptocurrency value		$ 1,484,021	$ 1,487,797
APEX Tex LLC [Member] \| Related Party [Member]
Notes payable, related parties				$ 19,089,500

SCHEDULE OF DERIVATIVE LIABILITY (Details) - USD ($)	3 Months Ended		9 Months Ended
SCHEDULE OF DERIVATIVE LIABILITY (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative liability			$ 24,426
Derivative liability recorded on new instruments
Derivative with warrant exercise			(3)
(Gain) loss on fair value	$ (11,939)	$ (2,319)	(15,596)	$ (40,155)
Derivative liability	$ 8,827		$ 8,827

SCHEDULE OF ASSUMPTIONS USED IN BINOMINAL OPTION PRICING MODE (Details)	9 Months Ended
	Sep. 30, 2023
Measurement Input, Risk Free Interest Rate [Member] \| Minimum [Member]
Derivative [Line Items]
Expected volatility	4.80
Expected life in years	1 year 10 months 2 days
Measurement Input, Risk Free Interest Rate [Member] \| Maximum [Member]
Derivative [Line Items]
Expected volatility	5.03
Expected life in years	2 years 9 months
Measurement Input, Option Volatility [Member] \| Minimum [Member]
Derivative [Line Items]
Expected volatility	117
Measurement Input, Option Volatility [Member] \| Maximum [Member]
Derivative [Line Items]
Expected volatility	143

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELLABLE LEASES (Details) - USD ($)

Sep. 30, 2023

Dec. 31, 2022

Operating Lease

$ 23,808

116,027

7,835

147,670

(1,637)

Present value of lease liability

146,033

Operating lease liability, current

(115,901)

^[1]

$ (148,226)

Operating lease liability, long term

$ 30,132

$ 79,432

[1]	Represents lease payments to be made in the next 12 months.

OPERATING LEASE (Details Narrative) - USD ($)	9 Months Ended
OPERATING LEASE (Details Narrative) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Operating lease liability	$ 146,033
Operating lease right of use asset	$ 134,419	$ 223,692
Lease term	1 year 4 months 2 days
Operating lease expense	$ 128,583
Operating lease cost	$ 120,935
Weighted average discount rate	12.00%
Eatontown New Jersey [Member]
Lessee, Lease, Description [Line Items]
Operating lease liability	$ 110,097
Lease operating lease option	The three-year lease term of the Eatontown Lease was extended on a month-to-month basis commencing August 1, 2022 and was terminated in February 2023.
Annual utility charge	$ 1.75
Conroe Lease [Member]
Lessee, Lease, Description [Line Items]
Operating lease right of use asset	$ 174,574
Wyckoff Lease [Member]
Lessee, Lease, Description [Line Items]
Operating lease right of use asset	$ 22,034
Lease term	24 months 15 days
Lease expiration date	Jul. 31, 2024
Exchange for new operating lease liability	$ 23,520
Haverford Lease [Member]
Lessee, Lease, Description [Line Items]
Operating lease liability	152,961
Operating lease right of use asset	125,522
Exchange for new operating lease liability	$ 172,042

SUMMARY OF WARRANTS ISSUED (Details)	9 Months Ended
SUMMARY OF WARRANTS ISSUED (Details)	Sep. 30, 2023 $ / shares shares
Equity [Abstract]
Number of Warrants Outstanding, Beginning \| shares	1,178,320
Weighted Average Exercise Price Outstanding, Beginning \| $ / shares	$ 0.10
Number of Warrants Granted \| shares
Weighted Average Exercise Price Granted \| $ / shares
Number of Warrants Canceled/Expired \| shares
Weighted Average Exercise Price Canceled \| $ / shares
Number of Warrants Exercised \| shares	(230)
Weighted Average Exercise Price Exercised \| $ / shares	$ 0.10
Number of Warrants Outstanding, Ending \| shares	1,178,090
Weighted Average Exercise Price Outstanding, Ending \| $ / shares	$ 0.10

SUMMARY OF WARRANTS OUTSTANDING (Details)	Sep. 30, 2023 $ / shares shares
Equity [Abstract]
Exercise Price \| $ / shares	$ 0.10
Warrants Outstanding	1,178,090
Warrants Exercisable	1,178,090
Weighted Average Contractual Life (Years)	2 years 4 months 24 days

STOCKHOLDERS’ EQUITY (DEFICIT) (Details Narrative) - USD ($)				3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 29, 2023	Sep. 03, 2021	Aug. 17, 2021	Sep. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Class of Stock [Line Items]
Preferred stock, shares authorized				50,000,000			50,000,000		50,000,000
Preferred stock, par value				$ 0.001			$ 0.001		$ 0.001
Preferred stock, shares issued				252,192			252,192		252,192
Preferred stock, shares outstanding				252,192			252,192		252,192
Dividend liability				$ 240,410			$ 240,410		$ 236,630
Proceeds from warrant exercised							23
Derivative liability extinguished with warrant exercise							3
Stock-based compensation based on grant							$ 2,046,683	$ 1,771,802
Cancellation of shares								219,833,334
Increase decrease in common stock								$ 219,834
Stock issued during period shares share based compensation forfeited outstanding										33,333,333
Stock repurchased during period value						$ 1,724,008
Stock based compensation recognised								383,906
Common stock, shares outstanding				2,333,356,496			2,333,356,496		2,636,275,489
Number of unvested restricted shares									68,533,334
Number of stock options shares ungranted									218,500,000
Number of options to purchase shares of common stock									360,416,665
Exercise price increase									$ 0.05
Stock compensation expense							$ 2,036,345	$ 1,384,210
Common stock, voting rights							The Class B Redeemable Units have no voting rights but can be exchanged at any time, within 5 years from the date of issuance, for 565,000,000 shares of our common stock on a one-for-one basis and are subject to significant restrictions upon resale through 2025 under the terms of a lock up agreement entered into as part of the purchase agreement.
Business acquisition, transaction costs discount value		$ 27,700,000
Investview Financial Group HoldingLLC [Member]
Class of Stock [Line Items]
Converted market value		$ 58,900,000
Closing market price per share		$ 0.1532
Transaction cost		$ 86,600,000
Fair value discounted percentage		32.00%
Number of exchange shares issuable		565,000,000
Common Stock [Member]
Class of Stock [Line Items]
Number of warrants exercised							230
Common Stock [Member]
Class of Stock [Line Items]
Proceeds from warrant exercised							$ 23
Stock repurchased during period shares						43,101,939
Common stock cancelled, shares				(302,919,223)	(69,833,334)	(150,000,000)		69,833,334
Stock repurchased during period value						$ 43,102
Unit Offering [Member]
Class of Stock [Line Items]
Number of shares issued in transaction			252,192								2,000,000
Sale of stock, price per share											$ 25
Description of offering											(i) one share of our newly authorized Series B Preferred Stock and (ii) five warrants each exercisable to purchase one share of common stock at an exercise price of $0.10 per warrant share. Each Warrant offered is immediately exercisable on the date of issuance, will expire 5 years from the date of issuance, and its value has been classified as a fair value liability due to the terms of the instrument (see NOTE 7).
Mario Romano and Annette Raynor [Member] \| Stock Purchase And Release Agreement [Member]
Class of Stock [Line Items]
Stock repurchased during period shares	302,919,223						302,919,223
Consideration paid for purchased shares and expenses	$ 3,172,380						$ 3,172,380
Stock-based compensation based on grant							$ 2,046,683
Stock repurchased during period value	$ 2,922,380
Mario Romano and Annette Raynor [Member] \| Common Stock [Member]
Class of Stock [Line Items]
Common stock cancelled, shares								150,000,000
Management Team Board of Directors [Member]
Class of Stock [Line Items]
Stock repurchased during period shares								43,101,939
Stock repurchased during period value								$ 1,724,008
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value				$ 3.25			$ 3.25
Series B Preferred Stock [Member] \| Board Of Directors [Member]
Class of Stock [Line Items]
Preferred stock, par value				$ 25			$ 25
Preferred stock designated				2,000,000			2,000,000
Cumulative dividends annual rate percentage				13.00%			13.00%
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Dividends, cash							$ 614,505	614,505
Payments to preferred stock dividend							481,075	470,563
Cryptocurrency [Member]
Class of Stock [Line Items]
Proceeds on sale of stock							$ 129,650	$ 129,817
Class B Units [Member] \| David B Rothrock And James R Bell [Member] \| Investview Financial Group HoldingLLC [Member]
Class of Stock [Line Items]
Common unit, outstanding				565,000,000			565,000,000		565,000,000

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		9 Months Ended
	Mar. 22, 2021	Sep. 30, 2023	Sep. 21, 2021	Mar. 30, 2021
Loss Contingencies [Line Items]
Purchase commitment, description		According to marketing and legal documents provided by such third-party provider, the product protection would allow the purchaser to protect its initial purchase price by obtaining 50% of its purchase price at five years or 100% of its purchase price at ten years.
Convertible Promissory Note Four [Member]
Loss Contingencies [Line Items]
Debt instrument, principal amount	$ 1,200,000
Debt instrument interest percentage	0.11%
Interest expense		$ 990
Beneficial conversion feature	12,000,000
Convertible Promissory Note Four [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Debt instrument, principal amount	$ 1,500,000
Joseph Cammarata [Member]
Loss Contingencies [Line Items]
Debt instrument, principal amount				$ 1,550,000
Debt conversion price per share			$ 0.008	$ 0.02
Common stock, terms of conversion		As of the date of this Report, Mr. Cammarata has not accepted our tender of the cash payment, and through his then counsel, has asserted his entitlement to exercise his right to convert the Cammarata Note into our common shares. Although we believe that our cash tender was appropriate under the terms of the Cammarata Note and our claims for damages by Mr. Cammarata have merit, if Mr. Cammarata elects to challenge our cash tender in a court proceeding, and if we are unable to sustain our legal position on the matter, Mr. Cammarata could receive up to approximately 203 million shares of our common stock upon conversion of the Cammarata Note.
Working Capital Promissory [Member] \| Convertible Promissory Note Four [Member]
Loss Contingencies [Line Items]
Acquire percentage	100.00%

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
INCOME TAXES (Details Narrative) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 304,262	$ 362,563	$ 1,100,599	$ 1,004,308
Effective tax rate	13.20%	623.90%	26.80%	35.10%

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