2024 Q1 Form 10-K Financial Statement

#000149315224011916 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $15.67M $17.93M $67.92M
YoY Change 15.52% 25.02% 9.82%
Cost Of Revenue $2.142M $3.122M $10.74M
YoY Change 14.08% 31.36% 30.15%
Gross Profit $13.53M $14.80M $57.18M
YoY Change 15.75% 23.76% 6.69%
Gross Profit Margin 86.33% 82.59% 84.19%
Selling, General & Admin $11.80K $11.95M $50.30M
YoY Change -95.33% -2.33% 85709.95%
% of Gross Profit 0.09% 80.7% 87.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.178M $1.190M $4.450M
YoY Change 21.3% -39.78% -28.54%
% of Gross Profit 8.71% 8.04% 7.78%
Operating Expenses $13.80M $11.95M $50.30M
YoY Change 4.76% -2.33% -28.61%
Operating Profit $1.870M $2.857M $6.885M
YoY Change 376.7% -1153.25% -179.94%
Interest Expense -$38.05K -$227.4K -$984.4K
YoY Change -112.32% -58.44% -76.56%
% of Operating Profit -2.03% -7.96% -14.3%
Other Income/Expense, Net $299.6K $362.7K $1.390M
YoY Change 170.92% 324.15% -134.7%
Pretax Income $2.170M $896.1K $5.010M
YoY Change 331.45% -105.79% -139.71%
Income Tax $500.1K $1.078M $2.178M
% Of Pretax Income 23.04% 120.28% 43.48%
Net Earnings $1.670M -$386.5K $2.013M
YoY Change 309.41% -97.5% -115.55%
Net Earnings / Revenue 10.66% -2.16% 2.96%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 1.861B shares 2.333B shares 2.559B shares
Diluted Shares Outstanding 3.089B shares 3.596B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.43M $20.91M $20.91M
YoY Change 27.02% 2.17% 2.17%
Cash & Equivalents $24.43M $20.91M $20.91M
Short-Term Investments
Other Short-Term Assets $232.8K $1.309M $1.309M
YoY Change -88.8% -44.57% -62.71%
Inventory $0.00 $0.00 $0.00
Prepaid Expenses $643.8K $492.6K
Receivables $1.873M $2.233M $2.233M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.80M $24.45M $24.45M
YoY Change 10.4% -6.01% -6.01%
LONG-TERM ASSETS
Property, Plant & Equipment $5.361M $6.647M $6.647M
YoY Change -34.25% -21.87% -23.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.589M $2.588M $2.588M
YoY Change -2.98% 446.48% 446.48%
Other Assets $2.675M $0.00 $0.00
YoY Change -9.91% -100.0% -100.0%
Total Long-Term Assets $8.036M $9.235M $9.235M
YoY Change -27.75% -3.38% -3.38%
TOTAL ASSETS
Total Short-Term Assets $27.80M $24.45M $24.45M
Total Long-Term Assets $8.036M $9.235M $9.235M
Total Assets $35.84M $33.69M $33.69M
YoY Change -1.29% -5.3% -5.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.399M $5.854M $5.854M
YoY Change 83.57% 27.02% 27.02%
Accrued Expenses $206.6K $297.1K $297.1K
YoY Change -2.4% -14.03% -14.03%
Deferred Revenue $2.707M $2.703M
YoY Change 0.66% 30.31%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $569.4K $715.1K $715.1K
YoY Change -80.62% -75.67% -75.67%
Total Short-Term Liabilities $14.84M $12.04M $12.04M
YoY Change 21.86% 2.31% 2.31%
LONG-TERM LIABILITIES
Long-Term Debt $498.4K $501.1K $501.1K
YoY Change -89.61% -90.94% -90.94%
Other Long-Term Liabilities $1.247M $2.358M $2.358M
YoY Change 37.31% 160.84% 160.84%
Total Long-Term Liabilities $3.880M $2.859M $2.859M
YoY Change -32.87% -55.56% -55.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.84M $12.04M $12.04M
Total Long-Term Liabilities $3.880M $2.859M $2.859M
Total Liabilities $18.72M $14.90M $14.90M
YoY Change 4.25% -18.15% -18.15%
SHAREHOLDERS EQUITY
Retained Earnings -$86.11M -$87.58M
YoY Change -3.66% -2.25%
Common Stock $1.861M $2.333M
YoY Change -29.41% -11.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.12M $18.79M $18.79M
YoY Change
Total Liabilities & Shareholders Equity $35.84M $33.69M $33.69M
YoY Change -1.29% -5.3% -5.3%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $1.670M -$386.5K $2.013M
YoY Change 309.41% -97.5% -115.55%
Depreciation, Depletion And Amortization $1.178M $1.190M $4.450M
YoY Change 21.3% -39.78% -28.54%
Cash From Operating Activities $4.800M $265.3K $6.065M
YoY Change -1303.96% -86.91% -35.2%
INVESTING ACTIVITIES
Capital Expenditures $2.903K $31.00K $2.561M
YoY Change -99.53% 1106.23% -83.23%
Acquisitions
YoY Change
Other Investing Activities $3.280K $23.28K
YoY Change -93.32% -97.87%
Cash From Investing Activities -$2.903K -$27.72K -$2.538M
YoY Change -99.53% -159.63% -82.1%
FINANCING ACTIVITIES
Cash Dividend Paid $174.8K $627.9K
YoY Change 8.85% 0.17%
Common Stock Issuance & Retirement, Net -$396.5K
YoY Change -948.72%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.357M -1.994M -3.874M
YoY Change 116.71% 196.58% -38.65%
NET CHANGE
Cash From Operating Activities $4.800M 265.3K 6.065M
Cash From Investing Activities -$2.903K -27.72K -2.538M
Cash From Financing Activities -$1.357M -1.994M -3.874M
Net Change In Cash $3.440M -1.756M -346.3K
YoY Change -309.4% -225.42% -96.89%
FREE CASH FLOW
Cash From Operating Activities $4.800M $265.3K $6.065M
Capital Expenditures $2.903K $31.00K $2.561M
Free Cash Flow $4.797M $234.3K $3.504M
YoY Change -571.93% -88.42% -159.32%

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<p id="xdx_800_eus-gaap--NatureOfOperations_zxdImRdkLHn1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_822_zm2ct9cVOWZ8">ORGANIZATION AND NATURE OF BUSINESS </span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Organization</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investview, Inc. was incorporated on <span id="xdx_90B_edei--EntityIncorporationDateOfIncorporation_dd_c20230101__20231231_zQme7P0qiW27" title="Entity incorporation, date of incorporation">January 30, 1946</span>, 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 TheRetirementSolution.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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 <span id="xdx_900_ecustom--PercentageOnContributedShares_pid_dp_uPure_c20170329__20170401__us-gaap--TypeOfArrangementAxis__custom--ContributionAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--WealthGeneratorsLLCMember_z4uKp6TBL313" title="Percentage on contributed shares">100</span>% of the outstanding securities of Wealth Generators in exchange for an aggregate of <span id="xdx_90C_eus-gaap--StockIssuedDuringPeriodSharesOther_c20170329__20170401__us-gaap--TypeOfArrangementAxis__custom--ContributionAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--WealthGeneratorsLLCMember_zDYKCOpaSOL5" title="Number of shares exchanged for common stock">1,358,670,942</span> 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 $<span id="xdx_903_eus-gaap--BusinessCombinationConsiderationTransferredLiabilitiesIncurred_c20170606__20170606__us-gaap--TypeOfArrangementAxis__custom--AcquisitionAgreementMember__dei--LegalEntityAxis__custom--MarketTrendStrategiesLLCMember_z5XTJ2uzR4nh" title="Value pre-merger liabilities">419,139</span> in pre-merger liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 28, 2018, we filed a name change for Wealth Generators, LLC to Kuvera, LLC (“Kuvera”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 17, 2019, we renamed our non-operating wholly owned subsidiary WealthGen Global, LLC to SAFETek, LLC, a Utah limited liability company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 20, 2021, the Board of Directors approved a change in our fiscal year from March 31 to December 31.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Nature of Business</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We operate a diversified financial technology company that through its subsidiaries and global distribution network provides financial technology, education tools, content, research, and a digital asset technology company, which develops, operates, and supports blockchain technologies, with a focus on the Bitcoin blockchain ecosystem and the generation of digital assets. In addition, we are planning to expand our business into the retail brokerage and financial markets industry by integrating the online brokerage trading platform we acquired in connection with our recent acquisition of Opencash, with the proprietary algorithmic trading platform we acquired in September 2021. Opencash is an early-stage registered broker-dealer that plans to offer investors an online trading platform to enable self-directed retail brokerage services and develop synergies with the educational content and products offered by other of our business units.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>INVESTVIEW, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>DECEMBER 31, 2023 AND 2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
1946-01-30
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_844_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zl6BOZuT3oM3" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_861_zwOLQNoKNGia">Financial Statement Reclassification</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain account balances from prior periods have been reclassified in these consolidated financial statements to conform to current period classifications.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Use Of Estimates
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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21488898 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
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18202860 usd
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Property Plant And Equipment Net
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Depreciation
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CY2023 INVU Loss On Disposition Of Assets1
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55255 usd
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266838 usd
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Cryptocurrencies
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CY2022Q4 INVU Cryptocurrencies
Cryptocurrencies
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2360957 usd
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255268 usd
CY2022 INVU Realized Gain Loss On Cryptocurrency
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-1575164 usd
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0 usd
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689822 usd
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0 usd
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3419825 usd
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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24426 usd
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2074574 usd
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CY2022 us-gaap Operating Costs And Expenses
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174835 usd
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621093 usd
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676268 usd
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249480 usd
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2913096 usd
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2559093504 shares
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471428571 shares
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IncrementalCommonSharesAttributableToDilutiveImpactOfNonvotingMembershipInterest
565000000 shares
CY2023 INVU Diluted Weighted Average Number Of Common Shares Outstanding Denominator
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3595522075 shares
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EarningsPerShareDiluted
0.00
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1079569011 shares
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4604930 usd
CY2023 us-gaap Net Income Loss
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2831920 usd
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20912276 usd
CY2023 INVU Working Capital
WorkingCapital
12414023 usd
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477711 usd
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347782 usd
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253566 usd
CY2022Q4 INVU Convertible Notes Payable One
ConvertibleNotesPayableOne
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293779 usd
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1203247 usd
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44945 usd
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24426 usd
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5732 usd
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156315 usd
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155032 usd
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P1Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.12 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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116027 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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123860 usd
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6048 usd
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0.001
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252192 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
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252192 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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252192 shares
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2636275489 shares
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0.10
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1178320 shares
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0.10
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0.10
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1178090 shares
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0.10
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0.10
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1178090 shares
CY2022Q4 INVU Warrants Exercisable
WarrantsExercisable
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CY2022Q4 us-gaap Warrants And Rights Outstanding Term
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P2Y1M20D
CY2023 us-gaap Common Stock Voting Rights
CommonStockVotingRights
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
CY2021Q3 INVU Business Acquisition Cost Of Acquired Entity Transaction Fair Value Discount
BusinessAcquisitionCostOfAcquiredEntityTransactionFairValueDiscount
27700000 usd
CY2023 us-gaap Long Term Purchase Commitment Description
LongTermPurchaseCommitmentDescription
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.
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.21 pure
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
5010332 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-12618389 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5010332 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12618389 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2138412 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
52167 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
40000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
274388 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2178412 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
326555 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2178412 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
326555 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2982071 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4446991 usd
CY2023Q4 INVU Deferred Tax Assets Amortization
DeferredTaxAssetsAmortization
1771645 usd
CY2022Q4 INVU Deferred Tax Assets Amortization
DeferredTaxAssetsAmortization
1809500 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1800662 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
821594 usd
CY2023Q4 INVU Deferred Tax Assets Tax Deferred Expense Reserves And Investment In Partnership
DeferredTaxAssetsTaxDeferredExpenseReservesAndInvestmentInPartnership
10964704 usd
CY2022Q4 INVU Deferred Tax Assets Tax Deferred Expense Reserves And Investment In Partnership
DeferredTaxAssetsTaxDeferredExpenseReservesAndInvestmentInPartnership
11029258 usd
CY2023Q4 INVU Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
562982 usd
CY2022Q4 INVU Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
-1734211 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18082064 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16373132 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1052169 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2649862 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
31600 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
216767 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1809765 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1813044 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
781561 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-13604 usd
CY2023 INVU Income Tax Reconciliation Interest
IncomeTaxReconciliationInterest
260317 usd
CY2022 INVU Income Tax Reconciliation Interest
IncomeTaxReconciliationInterest
556568 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-193878 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
403642 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2178412 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
326555 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3000000.0 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
4400000 usd
CY2023Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd

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