Investview, Inc. - Quarter Report: 2019 June (Form 10-Q)

U.S. Securities and Exchange Commission

Washington, DC 20549

FORM 10-Q

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

FOR THE QUARTERLY PERIOD ENDED

June 30, 2019

[ ] 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.)

12 South 400 West

Salt Lake City, Utah 84101

(Address of principal executive offices)

Issuer’s telephone number: 888-778-5372

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

[X]

[ ]

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

[X]

[ ]

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 [X]
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

[ ]

[X]

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of August 9, 2019, there were 2,877,876,966 shares of common stock, $0.001 par value, outstanding.

INVESTVIEW, INC.

Form 10-Q for the Three Months Ended June 30, 2019

Table of Contents

PART I – FINANCIAL INFORMATION
ITEM 1 – FINANCIAL STATEMENTS
Condensed Consolidated Balance Sheets as of June 30, 2019 (Unaudited) and March 31, 2019	3
Condensed Consolidated Statements of Operations and Other Comprehensive Income for the Three Months Ended June 30, 2019 and 2018 (Unaudited)	4
Condensed Consolidated Statements of Stockholders’ Equity (Deficit) for the Three Months Ended June 30, 2019 and 2018 (Unaudited)	5
Condensed Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2019 and 2018 (Unaudited)	6
ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	19
ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	22
ITEM 4 – CONTROLS AND PROCEDURES	22
PART II – OTHER INFORMATION	22
ITEM 1 – LEGAL PROCEEDINGS	22
ITEM 1.A – RISK FACTORS	22
ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	23
ITEM 3 – DEFAULTS UPON SENIOR SECURITIES	23
ITEM 4 – MINE SAFETY DISCLOSURES	23
ITEM 5 – OTHER INFORMATION	23
ITEM 6 – EXHIBITS	23
SIGNATURE PAGE	24

PART I – FINANCIAL INFORMATION

ITEM 1 – FINANCIAL STATEMENTS

INVESTVIEW, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2019			March 31, 2019
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	102,481		$	133,644
Prepaid assets		6,450,242			6,685,970
Receivables		824,693			724,995
Short-term advances		68,285			10,000
Short-term advances - related party		10,500			500
Other current assets		89,339			142,061
Total current assets		7,545,540			7,697,170

Fixed assets, net		12,308			13,528

Other assets:
Intangible assets, net		1,492,379			1,576,685
Long term license agreement, net		1,945,723			1,983,220
Deposits		9,500			4,500
Total other assets		3,447,602			3,564,405

Total assets	$	11,005,450		$	11,275,103

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued liabilities	$	3,705,650		$	3,897,013
Customer advance		265,000			265,000
Deferred revenue		3,404,243			1,876,727
Derivative liability		3,118,091			1,358,901
Related party payables		395,488			545,489
Debt, net of discounts		1,412,063			1,977,030
Total current liabilities		12,300,535			9,920,160

Total liabilities		12,300,535			9,920,160

Commitments and contingencies		-			-

Stockholders’ equity (deficit):
Preferred stock, par value: $0.001; 10,000,000 shares authorized, none issued and outstanding as of June 30, 2019 and March 31, 2019		-			-
Common stock, par value $0.001; 10,000,000,000 shares authorized; 2,679,376,966 and 2,640,161,318 shares issued and outstanding as of June 30, 2019 and March 31, 2019, respectively		2,679,377			2,640,161
Additional paid in capital		24,146,088			23,758,917
Accumulated other comprehensive income (loss)		(17,612	)		1,363
Accumulated deficit		(28,102,938	)		(25,096,983	)
Total Investview stockholders’ equity (deficit)		(1,295,085	)		1,303,458
Noncontrolling interest		-			51,485
Total stockholders’ equity (deficit)		(1,295,085	)		1,354,943

Total liabilities and stockholders’ equity (deficit)	$	11,005,450		$	11,275,103

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

INVESTVIEW, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME

(Unaudited)

	Three Months Ended June 30,
	2019			2018

Revenue:
Subscription revenue, net of refunds, incentives, credits, and chargebacks	$	7,511,713		$	6,111,389
Cryptocurrency mining service revenue, net of refunds and amounts paid to supplier		-			1,400,432
Total revenue, net		7,511,713			7,511,821

Operating costs and expenses:
Cost of sales and service		243,453			229,552
Commissions		4,868,970			6,181,359
Selling and marketing		412,488			300,974
Salary and related		1,143,854			892,520
Professional fees		309,446			473,071
General and administrative		1,358,643			939,784
Total operating costs and expenses		8,336,854			9,017,260

Net loss from operations		(825,141	)		(1,505,439	)

Other income (expense):
Gain (loss) on debt extinguishment		-			19,387
Loss on fair value of derivative liability		(1,759,190	)		-
Gain on deconsolidation		53,739			-
Realized gain (loss) on cryptocurrency		410			23,732
Unrealized gain (loss) on cryptocurrency		147,410			(289	)
Interest expense		(545,997	)		-
Other income (expense)		(71,642	)		98,539
Total other income (expense)		(2,175,270	)		141,369

Income (loss) before income taxes		(3,000,411	)		(1,364,070	)
Income tax expense		(5,544	)		(11,043	)

Net income (loss)		(3,005,955	)		(1,375,113	)
Less: net income (loss) attributable to the noncontrolling interest		-			-

Net income (loss) attributable to Investview stockholders	$	(3,005,955	)	$	(1,375,113	)

Income (loss) per common share, basic and diluted	$	(0.00	)	$	(0.00	)

Weighted average number of common shares outstanding, basic and diluted		2,234,117,482			2,169,661,318

Other comprehensive income, net of tax:
Foreign currency translation adjustments	$	(18,975	)	$	-
Total other comprehensive income		(18,975	)		-
Comprehensive income (loss)		(3,024,930	)		(1,375,113	)
Less: comprehensive income attributable to the noncontrolling interest		-			-
Comprehensive income (loss) attributable to Investview shareholders	$	(3,024,930	)	$	(1,375,113	)

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

INVESTVIEW, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

THREE MONTHS ENDED JUNE 30, 2019 AND 2018

(Unaudited)

							Accumulated
					Additional		Other
	Common stock				Paid in		Comprehensive			Accumulated			Noncontrolling
	Shares		Amount		Capital		Income			Deficit			Interest			Total
Balance, March 31, 2018		2,169,661,318	$	2,169,661	$	16,137,945	$	(2,483	)	$	(20,085,947	)	$	18,544		$	(1,762,280	)
Foreign currency translation adjustment		-		-		-		3,618			-			-			3,618
Net income (loss)		-		-		-		-			(1,375,113	)		-			(1,375,113	)
Balance, June 30, 2018		2,169,661,318	$	2,169,661	$	16,137,945	$	1,135		$	(21,461,060	)	$	18,544		$	(3,133,775	)

Balance, March 31, 2019		2,640,161,318	$	2,640,161	$	23,758,917	$	1,363		$	(25,096,983	)	$	51,485		$	1,354,943
Common stock issued for cash		39,215,648		39,216		285,784		-			-			-			325,000
Offering costs		-		-		101,387		-			-			-			101,387
Deconsolidation of Kuvera LATAM		-		-		-		-			-			(51,485	)		(51,485	)
Foreign currency translation adjustment		-		-		-		(18,975	)		-			-			(18,975	)
Net income (loss)		-		-		-		-			(3,005,955	)		-			(3,005,955	)
Balance, June 30, 2019		2,679,376,966	$	2,679,377	$	24,146,088	$	(17,612	)	$	(28,102,938	)	$	-		$	(1,295,085	)

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

INVESTVIEW INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended June 30,
	2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(3,005,955	)	$	(1,375,113	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation		1,220			1,502
Amortization of debt discount		497,868			-
Amortization of long-term license agreement		37,497			37,497
Amortization of intangible assets		84,306			-
(Gain) on deconsolidation		(53,739	)		-
(Gain) loss on debt extinguishment		-			(19,387	)
Loss on fair value of derivative liability		1,759,190			-
Realized (gain) loss on cryptocurrency		(410	)		(23,732	)
Unrealized (gain) loss on cryptocurrency		(147,410	)		289
Changes in operating assets and liabilities:
Receivables		(99,698	)		134,217
Prepaid assets		235,728			1,870
Short-term advances		(58,285	)		-
Short-term advances from related parties		(10,000	)		10,100
Other current assets		200,542			362,485
Deposits		(5,000	)		-
Accounts payable and accrued liabilities		(106,735	)		(469,531	)
Deferred revenue		1,527,516			272,219
Accrued interest		46,335			-
Net cash provided by (used in) operating activities		902,970			(1,067,584	)

CASH FLOWS FROM INVESTING ACTIVITIES		-			-

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties		206,500			200,000
Repayments for related party payables		(356,501	)		-
Proceeds from debt		200,000			-
Repayments for debt		(1,309,170	)		(67,000	)
Proceeds from the sale of stock		325,000			-
Net cash provided by (used in) financing activities		(934,171	)		133,000

Effect of exchange rate translation on cash		38			(2,231	)

Net increase (decrease) in cash and cash equivalents		(31,163	)		(936,815	)
Cash and cash equivalents-beginning of period		133,644			1,490,686
Cash and cash equivalents-end of period	$	102,481		$	553,871

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for:
Interest	$	51,000		$	-
Income taxes	$	5,544		$	11,043
Non cash investing and financing activities:
Changes in equity for offering costs accrued	$	101,387		$	-

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

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(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 the Company changed domicile to Nevada, and changed its name to Voxpath Holding, Inc. In September of 2006 the Company merged The Retirement Solution Inc. through a Share Purchase Agreement into Voxpath Holdings, Inc. and then changed its name to TheRetirementSolution.Com, Inc. In October 2008 the Company changed its name to Global Investor Services, Inc., before changing its name to Investview, Inc., on March 27, 2012.

On March 31, 2017, we entered into a Contribution Agreement with the members of Wealth Generators, LLC, a limited liability company (“Wealth Generators”), pursuant to which the Wealth Generators members agreed to contribute 100% of the outstanding securities of Wealth Generators in exchange for an aggregate of 1,358,670,942 shares of our common stock. The closing of the Contribution Agreement was effective April 1, 2017, and Wealth Generators became our wholly owned subsidiary and the former members of Wealth Generators became our stockholders and control 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”) and on May 7, 2018 we established WealthGen Global, LLC as a Utah limited liability company and a wholly owned subsidiary of Investview, Inc.

On July 20, 2018, we entered into a Purchase Agreement with United Games Marketing LLC, a Utah limited liability company, to purchase its wholly owned subsidiaries United Games, LLC and United League, LLC for 50,000,000 shares of our common stock.

On November 12, 2018, we established Kuvera France, S.A.S. to handle sales of our financial education and research in the European Union.

On December 30, 2018, our wholly owned subsidiary S.A.F.E. Management, LLC received its registration and disclosure approval from the National Futures Association. S.A.F.E. Management, LLC is now a New Jersey State Registered Investment Adviser, Commodities Trading Advisor, Commodity Pool Operator, and approved for over the counter FOREX advisory services.

On January 17, 2019 we renamed our non-operating wholly owned subsidiary WealthGen Global, LLC to SafeTek, LLC, a Utah Limited Liability Company.

Nature of Business

Investview owns a number of companies that each operate independently but are accretive to one another. Investview is establishing a portfolio of wholly owned subsidiaries delivering leading edge technologies, services and research, dedicated primarily to the individual consumer. Following is a description of each of our companies.

Kuvera, LLC provides research, education, and investment tools designed to assist the self-directed investor in successfully navigating the financial markets. These services include research, trade alerts, and live trading rooms that include instruction in equities, options, FOREX, ETFs, binary options, crowdfunding and cryptocurrency sector education. In addition to trading tools and research, we also offer full education and 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/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. Different packages are available through a monthly subscription that can be cancelled at any time at the discretion of the customer. A unique component of the product marketing plan is the distribution method whereby all subscriptions are sold via current participating customers who choose to distribute and sell the services by participating in the bonus plan. The bonus plan participation is purely optional but enables individuals to create an additional income stream to further support their personal financial goals and objectives.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

Kuvera France S.A.S. is our entity in France that will distribute Kuvera products and services throughout the European Union.

S.A.F.E. Management, LLC is a Registered Investment Adviser and Commodity Trading Adviser that has been established to deliver automated trading strategies to individuals who find they lack the time to trade for themselves.

United League, LLC owns a number of proprietary technologies including FIREFAN a social app for sports enthusiasts. Technologies created to support any of the Investview companies are held under the United League structure.

United Games, LLC is the distribution network for United League technologies. Since the acquisition of United Games in July of 2018, we are working to combine the distributors of Kuvera and United Games. This is an on-going process that is not yet complete.

SafeTek, LLC (formerly WealthGen Global, LLC) is a new addition that we are currently establishing for expansion plans in the high-speed processing and cloud computing environment.

Investment Tools & Training, LLC and Razor Data Corp. currently have no operations or activities.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

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 months ended June 30, 2019, are not necessarily indicative of the operating results that may be expected for the year ending March 31, 2020. These unaudited condensed consolidated financial statements should be read in conjunction with the March 31, 2019 consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended March 31, 2019.

Principles of Consolidation

The consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries, Kuvera, LLC, Investment Tools & Training, LLC, Razor Data Corp., S.A.F.E. Management, LLC, SafeTek, LLC (formerly WealthGen Global, LLC), United Games, LLC, United League, LLC, and Kuvera France S.A.S. Through March 31, 2019 we had determined that one affiliated entity, Kuvera LATAM S.A.S., which we previously conducted business with, was a variable interest entity and we were the primary beneficiary of the entity’s activities, which are similar to those of Kuvera, LLC. As a result, through March 31, 2019 we had consolidated the accounts of this variable interest entity into the accompanying consolidated financial statements. Further, because the Company did not have any ownership interest in this variable interest entity, the Company had allocated the contributed capital in the variable interest entity as a component of noncontrolling interest. As of April 1, 2019 Kuvera LATAM S.A.S. had no operations and ceased to exist, therefore, as of that date, no consolidation of the entity is necessary and we recorded a gain on deconsolidation of $53,739 to eliminate the intercompany account with Kuvera LATAM S.A.S. 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 unaudited condensed consolidated 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 JUNE 30, 2019

(Unaudited)

Foreign Exchange

We have consolidated the accounts of Kuvera France S.A.S. into our consolidated financial statements and have consolidated the accounts of Kuvera LATAM S.A.S. through March 31, 2019. The operations of Kuvera France S.A.S. are conducted in France and its functional currency is the Euro. The operations of Kuvera LATAM S.A.S. are conducted in Colombia and its functional currency is the Colombian Peso.

The financial statements of Kuvera France S.A.S. and Kuvera LATAM S.A.S. are prepared using their respective functional currency and have been translated into U.S. dollars (“USD”). Assets and liabilities are translated into USD at the applicable exchange rates at period-end. Stockholders’ equity is translated using historical exchange rates. Revenue and expenses are translated at the average exchange rates for the period. Any translation adjustments are included as foreign currency translation adjustments in accumulated other comprehensive income in our stockholders’ equity (deficit).

The following rates were used to translate the accounts of Kuvera France S.A.S. and Kuvera LATAM S.A.S. into USD at the following balance sheet dates.

	June 30, 2019		March 31, 2019
Euro to USD		1.13755		1.12200
Colombian Peso to USD		n/a		0.00031

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

	Three Months Ended June 30,
	2019		2018
Euro to USD		1.12398		n/a
Colombian Peso to USD		n/a		0.00035

Cryptocurrencies

We hold cryptocurrency-denominated assets (“cryptocurrencies”) and include them in our consolidated balance sheet as other current assets. We record cryptocurrencies at fair market value and recognize the change in the fair value of our cryptocurrencies as an unrealized gain or loss in the consolidated statement of operations. As of June 30, 2019 and March 31, 2019 the fair value of our cryptocurrencies was $89,339 and $142,061, respectively. During the three months ended June 30, 2019 we recorded $410 and $147,410 as a total realized and unrealized gain (loss) on cryptocurrency, respectively. During the three months ended June 30, 2018 we recorded $23,732 and $(289) as a total realized and unrealized gain (loss) on cryptocurrency, respectively.

Long-Lived Assets – Intangible Assets & License Agreement

We account for our intangible assets and long-term license agreement in accordance with 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 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. Further, ASC Subtopic 350-30 requires an intangible asset to be amortized over its useful life and for the useful life 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.

In June of 2017 we issued 80,000,000 shares of common stock with a value of $2,256,000 for a 15-year license agreement. Annual amortization over the 15-year life is expected to be $150,400 per year. Amortization recognized for the three months ended June 30, 2019 and 2018 was $37,497 and $37,497, respectively, and the long-term license agreement was recorded at a net value of $1,945,723 and $1,983,220 as of June 30, 2019 and March 31, 2019, respectively.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

In June of 2018 we purchased United Games, LLC and United League, LLC and recorded the transaction as a business combination. Intangible assets acquired in the business combination were recorded at fair value on the date of acquisition and are being amortized on a straight-line method over their estimated useful lives.

	Estimated
	Useful Life
	(years)		Value
FireFan mobile application		4	$	331,000
Back office software		10		408,000
Tradename/trademark - FireFan		5		248,000
Tradename/trademark - United Games		0.45		4,000
Customer contracts/relationships		5		825,000
				1,816,000
Accumulated amortization as of June 30, 2019				(323,621	)
Net book value, June 30, 2109			$	1,492,379

Amortization expense is expected to be as follows:

Remainder of 2020	$	254,771
Fiscal year ending March 31, 2021		338,150
Fiscal year ending March 31, 2022		338,150
Fiscal year ending March 31, 2023		280,338
Fiscal year ending March 31, 2024		105,474
Fiscal year ending March 31, 2025 and beyond		175,496
	$	1,492,379

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.

The Company evaluates 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 three months ended June 30, 2019 and 2018 no impairment was recognized.

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.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

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, accounts payable, and debt. We have determined that the book value of our outstanding financial instruments as of June 30, 2019 and March 31, 2019, approximates the fair value due to their short-term nature.

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of June 30, 2019:

	Level 1		Level 2		Level 3		Total
Cryptocurrencies	$	89,339	$	-	$	-	$	89,339
Total Assets	$	89,339	$	-	$	-	$	89,339

Derivative liability	$	-	$	3,118,091	$	-	$	3,118,091
Total Liabilities	$	-	$	3,118,091	$	-	$	3,118,091

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of March 31, 2019:

	Level 1		Level 2		Level 3		Total
Cryptocurrencies	$	142,061	$	-	$	-	$	142,061
Total Assets	$	142,061	$	-	$	-	$	142,061

Derivative liability	$	-	$	1,358,901	$	-	$	1,358,901
Total Liabilities	$	-	$	1,358,901	$	-	$	1,358,901

Revenue Recognition

We recognize 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.

The majority of our revenue is generated by subscription sales and payment is received at the time of purchase. 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 10-day trial period to subscription customers, during which a full refund can be requested if a customer does not like the product. 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.

We generate revenue from the sale of cryptocurrency mining services to our customers through an arrangement with a third-party supplier. Our performance obligation is to arrange for the third-party to provide mining services to our customers and payment is received at the time of purchase, therefore revenue is recognized upon receipt of payment. We recognize revenue in the amount of the fee to which we are entitled to as an agent, or the amount of consideration that we retain after paying the third-party the consideration received in exchange for the services the third-party is to provide.

We generate revenue from the sale of high-speed computer processing equipment that is used for any of the following intense processing activities: protein folding, CGI rendering, Game Streaming, Machine & Deep Learning, Mining, Independent Financial Verification, and general high-speed computing. Our performance obligation is to deliver an equipment package to our customers which includes hardware, software, and firmware and is drop-shipped to a hosting data center. We receive payment at the time of purchase and recognize revenue when the equipment package is delivered and ready for maintenance and hosting, which our customers arrange for, and obtain, from a separate third party that provides such services.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

Revenue generated for the three months ended June 30, 2019 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue		Total
Gross billings	$	8,292,701		$	-	$	-	$	8,292,701
Refunds, incentives, credits, and chargebacks		(780,988	)		-		-		(780,988	)
Amounts paid to supplier		-			-		-		-
Net revenue	$	7,511,713		$	-	$	-	$	7,511,713

Revenue generated for the three months ended June 30, 2018 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue			Total
Gross billings	$	6,510,786		$	-	$	4,169,470		$	10,680,256
Refunds, incentives, credits, and chargebacks		(399,397	)		-		-			(399,397	)
Amounts paid to supplier		-			-		(2,769,038	)		(2,769,038	)
Net revenue	$	6,111,389		$	-	$	1,400,432		$	7,511,821

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 loss per share has been calculated based upon the weighted average number of common shares outstanding. Convertible debt, stock options, and warrants have been excluded as common stock equivalents in the diluted loss per share because their effect is anti-dilutive on the computation.

Potentially dilutive securities excluded from the computation of basic and diluted net loss per share are as follows:

	June 30, 2019		June 30, 2018
Options to purchase common stock		35,000		35,000
Warrants to purchase common stock		5,052,497		6,139,497
Notes convertible into common stock		172,826,927		-
Totals		177,914,424		6,174,497

NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS

There are no recently issued accounting pronouncements that the Company has not yet adopted that they believe are applicable or would have a material impact on the financial statements of the Company.

NOTE 4 – GOING CONCERN AND 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. We have incurred significant recurring losses, which have resulted in an accumulated deficit of $28,102,938 as of June 30, 2019, along with a net loss of $3,005,955 for the three months ended June 30, 2019. Additionally, as of June 30, 2019, we had cash of $102,481 and a working capital deficit of $4,754,995. These factors raise substantial doubt about our ability to continue as a going concern.

Historically we have relied on increasing revenues and new debt and equity financing to pay for operational expenses and debt as it came due. During the three months ended June 30, 2019, we raised $200,000 in cash proceeds from new debt arrangements, raised $206,500 in cash proceeds from related parties, and received $325,000 from the sale of our common stock. Additionally, net cash provided by operations was $902,970 for the three months ended June 30, 2019. Subsequent to June 30, 2019 we received proceeds of $1,140,000 from new debt arrangements (see Note 10).

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

Since our acquisition of Wealth Generators in April of 2017 we have implemented a number of initiatives and we are beginning to see the positive impact of these actions. First, our largest subsidiary, Kuvera, has a bonus plan structure for distributors of our services which consistently paid out beyond our maximum threshold. Adjustments to this bonus plan have been made over the last 12 months with additional adjustments planned for the next two quarters. This resulted in a gradual reduction in bonus payouts which reduced our losses. Second, we expanded the objectives of Investview through the acquisition and creation of additional subsidiaries to increase our sources of income and creating business activities in new sectors which includes:

	●	Fully licensing SAFE Management LLC as a Registered Investment Advisor and Commodities Trading Advisor. This was done so SAFE Management could offer fully managed trading services to individuals who lacked the time to trade for themselves and provide reasonable advisory fees and minimum investment amounts to service individuals who do not meet the requirements of Qualified Investors.

	●	We acquired the assets of United Games LLC and United League LLC which provided us highly experienced management, programmers, marketing and compliance personnel along with key technology components such as a fully coded back office and trademarked FIREFAN app. We are still in the process of adapting their technology to Kuvera operations and working on various distribution plans for FIREFAN.

	●	We changed the name of our subsidiary WealthGen Global, which was an unused entity, to SAFETek LLC in preparation for our entry into the high-performance computing space to meet the needs of 4IR (Fourth Industrial Revolution) business needs which includes mining, blockchain technologies, gaming, artificial intelligence and 3-Dimensional rendering. This will enable us to provide HPC services to small, medium and startup entities who require specialized high-speed processing but cannot afford the infrastructure. By leasing our processing to these companies, we will aid these entities in bringing their products, inventions, improvements to market.

	●	We have designed a program through Joint Venture known as APEX which enables individuals to purchase highly customized processing cards which SAFETek will lease from the purchasers for a fixed period of time at a fixed monthly lease payment. This enables individuals to participate in emerging growth without experiencing the volatility and potential loss experienced in the sector.

These companies provide Investview a stake in 4IR, HPC, app development, fintech, blockchain and personal money management sectors. Each of these are areas that are targeted for significant growth spurred by innovations through technology.

While our liabilities are larger than our assets it is important to note that we seek to keep operating expenses low. The assets we have acquired and will continue to seek out are those of technology, mobile apps, and human resources. These assets are not easily defined on our balance sheet but represent our ability to carry out our objectives which we believe will ultimately generating positive cash flow, reduced debt and then profitability.

Further, while we have reported reoccurring losses and have an operating capital deficiency, we have been able to establish multiple companies to create various revenue streams as we move forward. Our largest challenge is operational cash flow as lending arrangements continue to be expensive causing us to deploy incoming cash to prior debt. We continue to seek short term capital in arrangements that are partnership based with elements of debt and equity combined. Additionally, our immediate focus is the continued reduction in losses by controlling expenses, increasing revenue, and generating additional revenue streams.

Accordingly, the accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate our continuation as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in the financial statements do not necessarily purport to represent realizable or settlement values. The financial statements do not include any adjustment that might result from the outcome of this uncertainty.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

NOTE 5 – RELATED-PARTY TRANSACTIONS

Our related-party payables consisted of the following:

	June 30, 2019		March 31, 2019
Short-term advances [1]	$	315,488	$	440,489
Short-term Promissory Note entered into on 8/17/18 [2]		80,000		105,000
	$	395,488	$	545,489

[1]	We periodically receive advances for operating funds from our current majority shareholders and other related parties, including entities that are owned, controlled, or influenced by our owners or management. These advances are due on demand, generally have no interest or fees associated with them, and are unsecured. During the three months ended June 30, 2019, we received $206,500 in cash proceeds from advances and repaid related parties $331,501.

[2]	A member of the senior management team advanced funds of $100,000 on August 17, 2018, under a short-term promissory note due to be repaid on August 31, 2018. On August 31, 2018 the note was amended to be due on demand or, in absence of a demand, due on August 31, 2019. The note had a fixed interest payment of $5,000 which was recorded as interest expense in the statement of operations during the year ended March 31, 2019. During the three months ended June 30, 2019 we made repayments of $25,000 on the note.

NOTE 6 – DEBT

Our debt consisted of the following:

	June 30, 2019		March 31, 2019
Short-term advance received on 8/31/18 [1]	$	65,000	$	75,000
Secured merchant agreement for future receivables entered into on 2/14/19 [2]		368,228		641,687
Secured merchant agreement for future receivables entered into on 2/14/19 [3]		272,520		468,790
Secured merchant agreements for future receivables entered into on 2/14/19 [4]		352,535		597,060
Promissory note entered into on 1/16/19 [5]		-		60,000
Secured merchant agreements for future receivables entered into on 3/28/19 [6]		-		25,650
Convertible promissory note entered into on 1/11/19 [7]		58,451		26,600
Convertible promissory note entered into on 2/6/19 [8]		225,164		76,686
Convertible promissory note entered into on 3/14/19 [9]		37,165		5,557
Promissory note entered into on 4/15/19 [10]		33,000		-
	$	1,412,063	$	1,977,030

[1]	In August 2018, we received a $75,000 short-term advance. The advance is due on demand, has no interest rate, and is unsecured. During the three months ended June 30, 2019 we made payments of $10,000

[2]	During September 2018, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On September 28, 2018, we received proceeds from this arrangement of $570,000. In accordance with the terms of the agreement, we were required to repay $839,400 by making ACH payments in the amount of 10% of our daily cash receipts. Accordingly, we recorded $269,400 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. In February 2019 we replaced this agreement with a new Secured Merchant Agreement (see below), therefore transferring $233,501 of amounts owed to a new agreement. However, prior to the terminating the September agreement, we made payments of $605,899 and amortized $269,400 into interest expense.

	During January 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On January 11, 2019, we received proceeds from this arrangement of $349,851. In accordance with the terms of the agreement, we were required to repay $489,650 by making daily ACH payments of $1,000 for the first 30 days following the date of the agreement and daily ACH payments of $2,999 thereafter. Accordingly, we recorded $139,799 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. In February 2019 we replaced this agreement with a new Secured Merchant Agreement (see below), therefore transferring $449,657 of amounts owed to a new agreement. However, prior to the terminating the January agreement, we made payments of $39,993 and amortized $139,799 into interest expense.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

	During February 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On February 15, 2019, we received proceeds from this arrangement of $73,801 after paying off $233,501 from a September 2018 agreement (see above) and $449,657 from a January 2019 agreement (see above). In accordance with the terms of the agreement, we are required to repay $909,350 by making daily ACH payments of $5,049. Accordingly, we recorded $152,391 as a debt discount at the inception of the agreement, which was the difference between the funds received plus the earlier debt paid off, and the amount that was to be repaid. During the year ended March 31, 2019, we repaid $141,372 and amortized $26,100 into interest expense. During the three months ended June 30, 2019, we repaid $328,185 and amortized $54,726 into interest expense.

[3]	During December 2018, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On December 17, 2018, we received proceeds from this arrangement of $380,000. In accordance with the terms of the agreement, we were required to repay $559,600 by making daily ACH payments of $3,000. Accordingly, we recorded $179,600 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. In February 2019 we replaced this agreement with a new Secured Merchant Agreement (see below), therefore transferring $421,600 of amounts owed to a new agreement. However, prior to the terminating the December agreement, we made payments of $138,000 and amortized $179,600 into interest expense.

	During February 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On February 15, 2019, we received proceeds from this arrangement of $126,932 after paying off $421,600 from a December 2018 agreement (see above). In accordance with the terms of the agreement, we are required to repay $840,000 by making daily ACH payments of $4,649. Accordingly, we recorded $291,468 as a debt discount at the inception of the agreement, which was the difference between the funds received plus the earlier debt paid off, and the amount that was to be repaid. During the year ended March 31, 2019, we repaid $129,388 and amortized $49,646 into interest expense. During the three months ended June 30, 2019, we repaid $300,365 and amortized $104,095 into interest expense.

[4]	During October 2018, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. During October 2018, we received proceeds from this arrangement of $77,260. In accordance with the terms of the agreement, we were required to repay $699,500 by making daily ACH payments of $4,372. Accordingly, we recorded $224,500 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. In February 2019 we replaced this agreement with a new Secured Merchant Agreement (see below), therefore transferring $327,880 of amounts owed to a new agreement. However, prior to the terminating the October agreement, we made payments of $371,620 and amortized $224,500 into interest expense.

	During February 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On February 15, 2019, we received proceeds from this arrangement of $126,932 after paying off $327,880 from an October 2018 agreement (see above). In accordance with the terms of the agreement, we are required to repay $629,550 by making daily ACH payments of $3,498. Accordingly, we recorded $224,410 as a debt discount at the inception of the agreement, which was the difference between the funds received plus the earlier debt paid off, and the amount that was to be repaid. Also during February 2019, we entered into a second Secured Merchant Agreement with this same entity, receiving proceeds of $288,000. In accordance with the terms of the agreement, we are required to repay $419,700 by making daily ACH payments of $2,332. Accordingly, we recorded $131,700 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. During the year ended March 31, 2019, we repaid $157,410 on these two agreements and amortized $61,330 into interest expense. During the three months ended June 30, 2019, we repaid $373,120 on these agreements and amortized $128,595 into interest expense.

[5]	In January 2019, we received funds of $631,617 and repaid $511,617 in a series of transactions representing short-term advances. On January 16, 2019, we entered into a short-term promissory note for the resulting $120,000 owed as a result of the transactions. The note had a zero percent interest rate and was due within the shorter of three months or the receipt of cash from a $1 million financing arrangement. During the three months ended June 30, 2019, we repaid $60,000 of the amount due under the note.

[6]	During March 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On March 29, 2019, we received proceeds from this arrangement of $28,500. In accordance with the terms of the agreement, we were required to repay $45,000 by making daily ACH payments of $4,500. Accordingly, we recorded $16,500 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. During the year ended March 31, 2019, we repaid $4,500 and amortized $1,650 into interest expense. During the three months ended June 30, 2019, we repaid $40,500 and amortized $14,850 into interest expense.

[7]	In January 2019, we entered into a Convertible Promissory Note and received proceeds of $135,000 after incurring loan fees of $3,000. The note incurs interest at 12% per annum and has a maturity date of April 11, 2020. The Convertible Promissory Note has a variable conversion rate that is 65% of the lowest closing price during the previous 15-trading-day period, subject to adjustment. Therefore, the conversion feature is accounted for as a derivative instrument (see Note 7). At inception, we recorded a debt discount of $138,000 and captured loan fees, recorded as interest expense, of $450,005. During the year ended March 31, 2019, we recorded amortization of the debt discount of $23,152 into interest expense and recorded additional interest expense on the note of $3,448. During the three months ended June 30, 2019, we amortized $27,722 into interest expense and recorded additional interest expense on the note of $4,129.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

[8]	In February 2019, we entered into a Convertible Promissory Note and received proceeds of $240,000. The note was issued with a $30,000 original issue discount and loan fees of $3,000, incurs interest at 12% per annum, and has a maturity date of August 6, 2019. In accordance with the terms of the note, we issued 22,500,000 shares of common stock (the “Returnable Shares”) to the note holder as a commitment fee, provided, however, the Returnable Shares must be returned to us if the note is fully repaid and satisfied prior to the date which is 180 days following the issue date. The Convertible Promissory Note has a variable conversion rate that is 65% of the lowest trading price during the previous 20-trading-day period, subject to adjustment. Therefore, the conversion feature is accounted for as a derivative instrument (see Note 7). We allocated the proceeds of the note to the common stock issued and to the fair value of the note, taking into consideration the fair value of the conversion feature. As a result, the common stock was valued at $69,871, we recorded a debt discount of $270,000, and captured loan fees, recorded as interest expense, of $120,128. During the year ended March 31, 2019, we recorded amortization of the debt discount of $72,514 into interest expense and recorded additional interest expense on the note of $4,172. During the three months ended June 30, 2019, we amortized $140,400 into interest expense and recorded additional interest expense on the note of $8,078. Subsequent to June 30, 2019 this note was paid in full and the 22,500,000 Returnable Shares were returned and cancelled (see Note 10).

[9]	In March 2019, we entered into a Convertible Promissory Note and received proceeds of $135,000 after incurring loan fees of $3,000. The note incurs interest at 12% per annum and has a maturity date of June 14, 2020. The Convertible Promissory Note has a variable conversion rate that is 65% of the average of the two lowest closing prices during the previous 15-trading-day period, subject to adjustment. Therefore, the conversion feature is accounted for as a derivative instrument (see Note 7). At inception, we recorded a debt discount of $138,000 and captured loan fees, recorded as interest expense, of $64,492. During the year ended March 31, 2019, we recorded amortization of the debt discount of $4,831 into interest expense and recorded additional interest expense on the note of $726. During the three months ended June 30, 2019, we amortized $27,479 into interest expense and recorded additional interest expense on the note of $4,129.

[10]	In April of 2019 we received proceeds of $100,000 from a short-term promissory note. The note has a fixed interest amount of $20,000 and the note was to be repaid in four equal monthly payments of $30,000, the last payment due on June 30, 2019. The last payment due date was extended to July 2, 2019 in exchange for $3,000. Accordingly, during the three months ended June 30, 2019 we repaid $90,000 and recorded $23,000 as interest expense.

In addition to the above debt transactions that were outstanding as of June 30, 2019 and March 31, 2019, during the three months ended June 30, 2019, we also received proceeds of $100,000 from an additional short-term note. During the three months ended June 30, 2019, we recorded interest expense of $7,000 for fixed interest amounts due on the note and made total cash payments of $107,000 to extinguish the interest and principal amounts due on the note.

NOTE 7 – DERIVATIVE LIABILITY

During the three months ended June 30, 2019, we had the following activity in our derivative liability account:

Derivative liability at March 31, 2019	$	1,358,901
Derivative liability recorded on new instruments		-
Change in fair value		1,759,190
Derivative liability at June 30, 2019	$	3,118,091

We use the binomial option pricing model to estimate fair value for those instruments convertible into common stock, at inception, at conversion date, and at each reporting date. During the three months ended June 30, 2019, the assumptions used in our binomial option pricing model were in the following range:

Risk free interest rate			1.92% - 2.18%
Expected life in years			0.10 – 0.96
Expected volatility			284% - 516%

NOTE 8 – STOCKHOLDERS’ EQUITY (DEFICIT)

Preferred Stock

We are authorized to issue up to 10,000,000 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 inference of that preferred stock, which has not yet been done. As of June 30, 2019 and March 31, 2019 we had no preferred stock issued or outstanding.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

Common Stock

During the three months ended June 30, 2019, we issued 39,215,648 shares of common stock in exchange for net proceeds of $325,000.

In conjunction with the sale of common stock during the year ended March 31, 2018, we provided a guarantee to certain individuals such that we would issue additional shares of our common stock if the average closing price of our common stock fell below $0.02 per share on the 20 days preceding the 18-month anniversary of the date the shares were originally sold. As a result of this guarantee, we had recorded $626,388 in accounts payable and accrued liabilities on our balance sheet as of March 31, 2018. During the year ended March 31, 2019, the 18-month anniversary passed without the common stock falling below the set threshold, therefore, we were released from the guarantee, and we increased additional paid-in capital by $525,000 to remove the previously recorded offering costs. During the three months ended June 30, 2019, the 18-month anniversary passed without the common stock falling below the set threshold, therefore, we were released from the guarantee, and we increased additional paid-in capital by $101,388 to remove the previously recorded offering costs.

As of June 30, 2019 and March 31, 2019, the Company had 2,679,376,966 and 2,640,161,318 shares of common stock issued and outstanding, respectively.

Employee Stock Options

The nonqualified plan adopted in 2007 authorized 65,000 shares, of which 47,500 had been granted as of March 31, 2018. The qualified plan adopted in October of 2008 authorizes 125,000 shares and was approved by a majority of our shareholders on September 16, 2009. As of March 31, 2018, 42,500 shares had been granted under the 2008 plan. Effective April 1, 2018 we cancelled both the 2007 and 2008 plans, as well as any shares that were allocated under the plans and were not yet issued.

The following table summarizes the changes in employee stock options outstanding and the related prices for the shares of our common stock issued to employees under two employee stock option plans:

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Contractual		Intrinsic
	Shares		Price		Life (years)		Value
Options outstanding at March 31, 2018		35,000	$	10.00		1.51	$	-
Granted		-	$	-
Exercised		-	$	-
Canceled / expired		-	$	-
Options outstanding at March 31, 2019		35,000	$	10.00		0.51	$	-
Granted		-	$	-
Exercised		-	$	-
Canceled / expired		-	$	-
Options outstanding at June 30, 2019		35,000	$	10.00		0.26	$	-
Options exercisable at June 30, 2019		35,000	$	10.00		0.26	$	-

Stock-based compensation expense in connection with options granted to employees for the three months ended June 30, 2019 and 2018, was $0.

Warrants

The following table summarizes the warrants outstanding and the related prices for the shares of our common stock as of June 30, 2019:

Warrants Outstanding

Warrants Exercisable

Weighted

Average

Weighted

Remaining

Average

Exercise

Number

Contractual

Exercise

Number

Exercise

Price

Outstanding

Life (Years)

Price

Exercisable

Price

1.50

5,052,497

0.11

1.50

5,052,497

1.50

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2019

(Unaudited)

Transactions involving our warrant issuance are summarized as follows:

				Weighted
	Number of			Average
	Shares			Exercise Price
Warrants outstanding at March 31, 2018		6,169,497		$	1.50
Granted / restated		-		$	-
Canceled		-		$	-
Expired		(1,117,000	)	$	1.48
Warrants outstanding at March 31, 2019		5,052,497		$	1.50
Granted		-		$	-
Canceled		-		$	-
Expired		-		$	-
Warrants outstanding at June 30, 2019		5,052,497		$	1.50

NOTE 9 – COMMITMENTS AND CONTINGENCIES

Litigation

In the ordinary course of business, we may be or have been involved in legal proceedings from time to time. Below is a description of all legal proceedings we were involved in during the three months ended June 30, 2019.

	●	In February 2018, we received a subpoena from the United States Commodity Futures Trading Commission (“CFTC”). We complied with the terms of the subpoena, negotiated a resolution of this matter with the CFTC staff, and a final order was issued on September 14, 2018. Under the order, we are not admitting or denying any of the allegations, will pay a fine of $150,000, and have agreed not to act as an unregistered Commodities Trading Advisor in the future. As of June 30, 2019 we have paid $135,000 to CFTC and the remaining unpaid balance has been included in Accounts Payable and Accrued Liabilities on our consolidated balance sheet.

	●	In April of 2019, we received a Summons and Complaint from Fibernet Corp making claims of unpaid invoices and breach of contracts entered into in February 2012 and January 2015 as RazorData Corp. Without admitting fault or liability, in June of 2019, we entered into an agreement with Fibernet Corp to settle all claims and release us from any future claims in exchange for a payment of $35,160 to avoid ongoing litigation related to this matter.

NOTE 10 – SUBSEQUENT EVENTS

In July 2019 190,000,000 shares of our common stock was issued to Wealth Engineering, LLC (an entity jointly owned and controlled by its members, Annette Raynor and Mario Romano, our executives), 10,000,000 shares of our common stock was issued to Bill Kosoff, our acting Chief Financial Officer, and 20,000,000 shares of our common stock was issued to Chad Garner, President of Kuvera, LLC. The shares were issued as compensation that vests over two years and is contingent upon the individuals’ continued employment. One third of the shares vest upon issuance and one third after one year and the remaining one third upon the second anniversary of the issuance.

In July 2019 22,500,000 shares issued to a debt holder as a commitment fee were returned and cancelled in accordance with the terms of the debt arrangement (see Note 6).

In July 2019, we entered into a Convertible Promissory Note and received proceeds of $140,000 after incurring loan fees of $3,000. The note incurs interest at 12% per annum and has a maturity date of October 8, 2020. The Convertible Promissory Note has a variable conversion rate that is 65% of the average of the lowest two closing prices during the previous 15-trading-day period, subject to adjustment.

Effective July 23, 2019, we entered into a Securities Purchase and Royalty Agreement with Brian McMullen. Under the terms of the Agreement, we received proceeds of $900,000 and will offset an additional $100,000 due to McMullen. Those amounts are included in a new convertible promissory note (the “Note”) that has a maturity date of July 23, 2022. In exchange for certain concessions made by McMullen, including the lack of interest on the Note and the requirement that no minimum payments will be required under the Note through December 31, 2019, the Note includes $2,600,000 in additional consideration, for a total of $3,600,000. Up to $2,600,000 of the Note amount is convertible into our common stock; however, all payments under the Note will reduce the portion of the Note that may be converted. Additionally, McMullen has agreed to a two-year lock-up on all shares issued under the conversion provisions.

On July 25, 2019, Ryan Smith voluntarily resigned as Chief Executive Officer to focus on our subsidiary’s operations. Annette Raynor, our Chief Operating Officer, was appointed to serve as our new Chief Executive Officer. Also on July 25, 2019, our board of directors appointed Brian McMullen to fill the vacancy created by the board’s recent decision to increase the size of the board from three members to four.

In August 2019 we issued 1,000,000 shares of our common stock to an employee for compensation. The shares are subject to forfeiture if the employee is not in good standing six months after the date of issuance.

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 additional 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 provide education and technology designed to assist individuals in navigating the financial markets. Our services include research, newsletter alerts, and live education rooms that provide instruction on the subjects of equities, options, FOREX, ETFs, binary options, crowdfunding and cryptocurrency mining services and sector education. In addition to tools and research, we offer education and technology applications to assist individuals in debt reduction, increased savings, budgeting, and proper tax expense management.

Each product subscription includes a core set of tools/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. Four packages are available through a monthly subscription that can be cancelled at any time at the discretion of the customer. A unique component of the product marketing plan is the distribution method whereby all subscriptions are sold via current participating customers who choose to distribute and sell the services. The bonus plan participation is purely optional, but enables individuals to create an additional income stream to further support their personal financial goals and objectives.

Our target market is comprised of individuals who seek to learn how to improve their financial condition and desire to learn how to reduce debt, budget their income, increase savings, and allocate their financial resource to create additional income both active and passive. We believe our marketing strategy is unique. Customer acquisition is realized through word-of-mouth marketing by those customers who actively distribute the product through home meetings, in person presentations, one-on-one interaction, and large seminars organized and delivered by the distributors in conjunction with the company. We plan to continue to develop the in-place network and anticipate significant growth initiatives in foreign markets.

We believe our past preparation will support growth without a significant increase in expenses other than customer support and the bonus plan, which rises commensurate with revenues. Our investment in our platform, personnel, and executive management has provided us the ability to handle over four times our current volume.

Results of Operations

Three Months Ended June 30, 2019 Compared to Three Months Ended June 30, 2018

Revenues

We recorded net revenue of $7,511,713 for the three months ended June 30, 2019, which was a decrease of $108 or 0%, from the prior period revenue of $7,511,821. While the decrease appears immaterial there was a substantial increase in our customer base resulting in increased net subscription revenues of $1,400,324, which was offset by a decrease of $1,400,432 in our net cryptocurrency revenue. The increase in our customer base was largely due to our establishment of Kuvera France, S.A.S. in November of 2018 and sales occurring in the European Union in the current period compared to no similar sales in the prior period. The decrease in cryptocurrency revenue can be explained by our termination of the agent arrangement with a third-party supplier of crypotocurrency mining services.

Operating Costs and Expenses

We recorded operating costs and expenses of $8,336,854 for the three months ended June 30, 2019, which was a decrease of $680,406, or 8%, from the prior period’s operating costs and expenses of $9,017,260. This change is principally a result of a decrease of $1,312,389, or 21%, in commissions which was a result of our bonus plans paying out beyond our maximum threshold in the prior period due to certain bonus programs in place, which has since been adjusted to reduce such payouts.

Other Income and Expenses

We recorded other expense of $2,175,270 for the three months ended June 30, 2019, which was a difference of $2,316,639, or 1639%, from the prior period other income of $141,369. The change is due to $1,759,190 being recorded as a loss on the fair value of our derivative liability coupled with an increase of $545,997 in interest expense during the current period. In the prior period we had no derivative instruments that had to be adjusted to fair value. Further, in the current period debt discounts associated with our debt arrangements were amortized in to interest, whereas debt discounts did not exist in the prior period.

Liquidity and Capital Resources

During the three months ended June 30, 2019, we incurred a net loss of $3,005,955. This loss was funded by cash provided by operating activities of $902,970 offset by cash used in financing activities of $934,171. As a result, our cash and cash equivalents decreased by $31,163 to $102,481 as compared to $133,644 at the beginning of the fiscal year.

Our current liabilities exceeded our current assets (working capital deficit) by $4,754,995 as of June 30, 2019, as compared to $2,222,990 at March 31, 2019. The increase in the working capital deficit is due to an increase in our derivative liability, which we do not anticipate will require the payment of cash and an increase in deferred revenues which we expect to recognize and earn in subsequent periods.

During the three months ended June 30, 2019, we raised $200,000 in cash proceeds from new debt arrangements, raised $206,500 in cash proceeds from related parties, and received $325,000 from the sale of our common stock. Additionally, net cash provided by operations was $902,970 for the three months ended June 30, 2019. Subsequent to June 30, 2019 we received proceeds of $1,140,000 from new debt arrangements.

Going Concern

These interim unaudited financial statements have been prepared on the going concern basis, which assumes that adequate sources of financing will be obtained as required and that our assets will be realized and liabilities settled in the ordinary course of business. Accordingly, the interim unaudited financial statements do not include any adjustments related to the recoverability of assets and classification of assets and liabilities that might be necessary should we not be unable to continue as a going concern.

Our audited consolidated financial statements for the year ended March 31, 2019, state that our historical losses, accumulated deficit, cash balance, and working capital deficit raise substantial doubts about our ability to continue as a going concern. Historically we have relied on increasing revenues and new debt and equity financing to pay for operational expenses and debt as it came due. Going forward, we plan to reduce obligations with cash flow provided by operational growth as we have been, and plan to continue, reducing bonus payouts, increasing sources of income and business activities in new sectors, and utilizing our acquired assets to generate positive cash flow and reduce debt. Additionally, we plan to pursue additional debt and equity financing and to find short term capital in arrangements that are partnership based with elements of debt and equity combined.

Critical Accounting Policies

Basis of Presentation

Principles of Consolidation

Use of Estimates

Revenue Recognition

Revenue generated for the three months ended June 30, 2019 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue		Total
Gross billings	$	8,292,701		$	-	$	-	$	8,292,701
Refunds, incentives, credits, and chargebacks		(780,988	)		-		-		(780,988	)
Amounts paid to supplier		-			-		-		-
Net revenue	$	7,511,713		$	-	$	-	$	7,511,713

Revenue generated for the three months ended June 30, 2018 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue			Total
Gross billings	$	6,510,786		$	-	$	4,169,470		$	10,680,256
Refunds, incentives, credits, and chargebacks		(399,397	)		-		-			(399,397	)
Amounts paid to supplier		-			-		(2,769,038	)		(2,769,038	)
Net revenue	$	6,111,389		$	-	$	1,400,432		$	7,511,821

Recently Issued Accounting Pronouncements

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 Acting 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 Acting 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 not effective.

Changes in Internal Controls

There were no changes in our internal controls over financial reporting during the fiscal quarter ended June 30, 2019, 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

	●	In February 2018, we received a subpoena from the United States Commodity Futures Trading Commission (“CFTC”). We complied with the terms of the subpoena, negotiated a resolution of this matter with the CFTC staff, and a final order was issued on September 14, 2018. Under the order, we are not admitting or denying any of the allegations, will pay a fine of $150,000, and have agreed not to act as an unregistered Commodities Trading Advisor in the future. As of June 30, 2019 we have paid $135,000 to CFTC and the remaining unpaid balance has been included in Accounts Payable and Accrued Liabilities on our consolidated balance sheet.

	●	In April of 2019, we received a Summons and Complaint from Fibernet Corp making claims of unpaid invoices and breach of contracts entered into in February 2012 and January 2015 as RazorData Corp. Without admitting fault or liability, in June of 2019, we entered into an agreement with Fibernet Corp to settle all claims and release us from any future claims in exchange for a payment of $35,160 to avoid ongoing litigation related to this matter.

ITEM 1.A – RISK FACTORS

N/A

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

In July 2019 we issued 30,000,000 shares of our common stock to two different employees as compensation. The shares vest 1/3 at issuance, 1/3 at the one year anniversary of the issuance, and 1/3 at the two year anniversary of the issuance. All vesting terms are subject to the employee still being employed and in good standing at the anniversary date.

In February 2019, in accordance with a Convertible Promissory Note, we issued 22,500,000 shares of common stock (the “Returnable Shares”) to a note holder as a commitment fee. Per the terms of the note, the Returnable Shares were to be returned to us if the Note was fully repaid and satisfied prior to the date which is one hundred eighty days following the issue date. During July 2019 we fully repaid the note and the shares were returned and cancelled.

In August we issued 1,000,000 shares of our common stock to an employee for compensation. The shares are subject to forfeiture if the employee is not in good standing six months after the date of issuance.

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 3	Articles of Incorporation and Bylaws
3.07	Certificate of Amendment to Articles of Incorporation	Incorporated by reference to the Definitive Information Statement filed December 20, 2017

Item 10	Material Contracts
10.48	Second Amendment of Common Stock Purchase Agreement between Investview, Inc. and TRITON FUNDS LP entered April 11, 2019	Incorporated by reference to the Current Report on Form 8-K filed April 12, 2019

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 Acting 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	XBRL Instance Document	This filing.

101.SCH	XBRL Taxonomy Extension Schema	This filing.

101.CAL	XBRL Taxonomy Extension Calculation Linkbase	This filing.

101.DEF	XBRL Taxonomy Extension Definition Linkbase	This filing.

101.LAB	XBRL Taxonomy Extension Label Linkbase	This filing.

101.PRE	XBRL Taxonomy Extension Presentation Linkbase	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.

**	Identifies each management contract or compensatory plan or arrangement required to be filed as an exhibit as required by Item 15(a)(3) of Form 10-K.

***	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: August 14, 2019	By:	/s/ Annette Raynor
		Annette Raynor
		Chief Executive Officer
		(Principal Executive Officer)

Dated: August 14, 2019	By:	/s/ William C. Kosoff
		William C. Kosoff
		Acting Chief Financial Officer
		(Principal Financial Officer and Accounting Officer)