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~~September 30, 2020

[ ] 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.)

234 Industrial Way West, Ste A202

Eatontown, New Jersey 07724

(Address of principal executive offices)

Issuer’s telephone number: 732-889-4300

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

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

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

Yes

[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 [X] 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 [ ] No [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 10,~~November 2, 2020, there were ~~3,035,481,329~~2,929,481,329 shares of common stock, $0.001 par value, outstanding.

INVESTVIEW, INC.

Form 10-Q for the ~~Three~~Six Months Ended ~~June~~September 30, 2020

Table of Contents

PART I – FINANCIAL INFORMATION	3
ITEM 1 – FINANCIAL STATEMENTS	3
Condensed Consolidated Balance Sheets as of ~~June~~September 30, 2020 (Unaudited) and March 31, 2020	3
Condensed Consolidated Statements of Operations and Other Comprehensive Income for the Three and Six Months Ended ~~June~~September 30, 2020 and 2019 (Unaudited)	4
Condensed Consolidated Statements of Stockholders’ Equity (Deficit) for the Three and Six Months Ended ~~June~~September 30, 2020 and 2019 (Unaudited)	5
Condensed Consolidated Statements of Cash Flows for the ~~Three~~Six Months Ended ~~June~~September 30, 2020 and 2019 (Unaudited)	6
ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	2021
ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	2325
ITEM 4 – CONTROLS AND PROCEDURES	2326
PART II – OTHER INFORMATION	2426
ITEM 1 – LEGAL PROCEEDINGS	2426
ITEM 1.A – RISK FACTORS	2426
ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	2426
ITEM 3 – DEFAULTS UPON SENIOR SECURITIES	2426
ITEM 4 – MINE SAFETY DISCLOSURES	2426
ITEM 5 – OTHER INFORMATION	2426
ITEM 6 – EXHIBITS	2527
SIGNATURE PAGE	2628

PART I – FINANCIAL INFORMATION

ITEM 1 – FINANCIAL STATEMENTS

INVESTVIEW, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30,			March 31,			September 30,			March 31,
	2020			2020			2020			2020
	(Unaudited)						(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	1,122,848		$	137,177		$	583,955		$	137,177
Restricted cash		26,000			-
Restricted cash, current								151,489			-
Prepaid assets		3,422,527			5,309,512			818,749			5,309,512
Receivables		1,178,549			910,646			964,613			910,646
Short-term advances		145,000			145,000			145,000			145,000
Short-term advances - related party		500			500			500			500
Other current assets		162,711			96,022			155,628			96,022
Total current assets		6,058,135			6,598,857			2,819,934			6,598,857

Fixed assets, net		6,589,886			2,997,611			5,918,004			2,997,611

Other assets:
Intangible assets, net		649,713			692,882			606,070			692,882
Restricted cash, long term								288,411			-
Operating lease right-of-use asset		85,983			99,465			72,093			99,465
Deposits		10,578			11,173			8,488			11,173
Total other assets		746,274			803,520			975,062			803,520

Total assets	$	13,394,295		$	10,399,988		$	9,713,000		$	10,399,988

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued liabilities	$	2,845,117		$	2,896,012		$	2,271,583		$	2,896,012
Payroll liabilities		814,055			880,349			171,412			880,349
Customer advance		2,455,546			392,310			474,155			392,310
Deferred revenue		834,050			612,500			780,396			612,500
Derivative liability		445,860			793,495			4,265			793,495
Dividend liability								37,775			-
Operating lease liability, current		52,843			56,530			48,000			56,530
Other current liabilities		12,607,200			11,407,200			14,077,200			11,407,200
Related party payables, net of discounts		1,993,601			1,964,760			1,766,400			1,964,760
Debt, net of discounts		2,106,776			1,719,326			1,571,921			1,719,326
Total current liabilities		24,155,048			20,722,482			21,203,107			20,722,482

Operating lease liability, long term		40,974			50,268			31,428			50,268
Other long term liabilities, net of deferred interest		5,950,968			3,885,464			8,087,700			3,885,464
Total long term liabilities		5,991,942			3,935,732			8,119,128			3,935,732

Total liabilities		30,146,990			24,658,214			29,322,235			24,658,214

Commitments and contingencies		-			-			-			-

Stockholders’ equity (deficit):
Preferred stock, par value: $0.001; 50,000,000 shares authorized, none issued and outstanding as of June 30, 2020 and March 31, 2020		-			-
Common stock, par value $0.001; 10,000,000,000 shares authorized; 3,235,481,329 and 3,214,490,408 shares issued and outstanding as of June 30, 2020 and March 31, 2020, respectively		3,235,481			3,214,490
Preferred stock, par value: $0.001; 50,000,000 shares authorized, 46,612 and none issued and outstanding as of September 30, 2020 and March 31, 2020, respectively								47			-
Common stock, par value $0.001; 10,000,000,000 shares authorized; 2,929,481,329 and 3,214,490,408 shares issued and outstanding as of September 30, 2020 and March 31, 2020, respectively								2,929,481			3,214,490
Additional paid in capital		31,327,207			28,929,516			30,021,081			28,929,516
Accumulated other comprehensive income (loss)		(19,422	)		(20,058	)		(23,781	)		(20,058	)
Accumulated deficit		(51,295,961	)		(46,382,174	)		(52,536,063	)		(46,382,174	)
Total stockholders’ equity (deficit)		(16,752,695	)		(14,258,226	)		(19,609,235	)		(14,258,226	)

Total liabilities and stockholders’ equity (deficit)	$	13,394,295		$	10,399,988		$	9,713,000		$	10,399,988

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,						Three Months Ended September 30,						Six Months Ended September 30,
	2020			2019			2020			2019			2020			2019

Revenue:
Subscription revenue, net of refunds, incentives, credits, and chargebacks	$	4,243,257		$	7,511,713		$	5,255,888		$	7,236,755		$	9,499,145		$	14,748,468
Mining revenue		1,342,546			-			2,493,739			-			3,836,285			-
Fee revenue		4,013			-			3,710			5,369			7,723			5,369
Total revenue, net		5,589,816			7,511,713			7,753,337			7,242,124			13,343,153			14,753,837

Operating costs and expenses:
Cost of sales and service		912,324			243,453			1,724,809			289,045			2,637,133			532,498
Commissions		3,373,831			4,868,970			3,416,713			4,347,177			6,790,544			9,216,147
Selling and marketing		217,584			412,488			627,356			401,979			844,940			814,467
Salary and related		1,220,835			1,143,854			816,554			2,567,592			2,037,389			3,711,446
Professional fees		427,248			309,446			232,062			346,337			659,310			655,783
General and administrative		2,444,792			1,358,643			364,826			1,363,113			2,809,618			2,721,756
Total operating costs and expenses		8,596,614			8,336,854			7,182,320			9,315,243			15,778,934			17,652,097

Net loss from operations		(3,006,798	)		(825,141	)		571,017			(2,073,119	)		(2,435,781	)		(2,898,260	)

Other income (expense):
Gain (loss) on debt extinguishment		17,826			-			812,111			1,281,477			829,937			1,281,477
Gain (loss) on fair value of derivative liability		347,635			(1,759,190	)		(20,847	)		2,358,447			326,788			599,257
Gain on deconsolidation		-			53,739			-			-			-			53,739
Impairment expense								(66,645	)		-			(66,645	)		-
Realized gain (loss) on cryptocurrency		-			410			1,096			(1,077	)		1,096			(667	)
Unrealized gain (loss) on cryptocurrency		91,486			147,410			85,331			(122,080	)		176,817			25,330
Interest expense		(2,247,098	)		(545,997	)		(2,480,067	)		(1,944,640	)		(4,727,165	)		(2,490,637	)
Interest expense, related parties		(178,915	)		-			(210,805	)		(1,251,094	)		(389,720	)		(1,251,094	)
Other income (expense)		63,062			(71,642	)		123,346			358			186,408			(71,284	)
Total other income (expense)		(1,906,004	)		(2,175,270	)		(1,756,480	)		321,391			(3,662,484	)		(1,853,879	)

Income (loss) before income taxes		(4,912,802	)		(3,000,411	)		(1,185,463	)		(1,751,728	)		(6,098,265	)		(4,752,139	)
Income tax expense		(985	)		(5,544	)		(2,297	)		(1,838	)		(3,282	)		(7,382	)

Net income (loss)	$	(4,913,787	)	$	(3,005,955	)		(1,187,760	)		(1,753,566	)		(6,101,547	)		(4,759,521	)

Dividends on Preferred Stock								(52,342	)		-			(52,342	)		-

Net income applicable to common shareholders							$	(1,240,102	)	$	(1,753,566	)	$	(6,153,889	)	$	(4,759,521	)

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

Weighted average number of common shares outstanding, basic and diluted		3,234,791,316			2,234,117,482			2,985,916,112			2,840,281,449			3,109,673,727			2,234,117,482

Other comprehensive income, net of tax:
Foreign currency translation adjustments	$	636		$	(18,975	)	$	(4,359	)	$	(1,585	)	$	(3,723	)	$	(20,560	)
Total other comprehensive income		636			(18,975	)		(4,359	)		(1,585	)		(3,723	)		(20,560	)
Comprehensive income (loss)	$	(4,913,151	)	$	(3,024,930	)	$	(1,192,119	)	$	(1,755,151	)	$	(6,105,270	)	$	(4,780,081	)

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

INVESTVIEW, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

THREE AND SIX MONTHS ENDED ~~JUNE~~SEPTEMBER 30, 2020 AND 2019

(Unaudited)

										Accumulated																									Accumulated
							Additional			Other																						Additional			Other
	Common stock						Paid in			Comprehensive			Accumulated			Noncontrolling						Preferred stock				Common stock						Paid in			Comprehensive			Accumulated			Noncontrolling
	Shares			Amount			Capital			Income			Deficit			Interest			Total			Shares		Amount		Shares			Amount			Capital			Income			Deficit			Interest			Total
Balance, March 31, 2019		2,640,161,318		$	2,640,161		$	23,758,917		$	1,363		$	(25,096,983	)	$	51,485		$	1,354,943			-	$	-		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			-		-		39,215,648			39,216			285,784			-			-			-			325,000
Offering costs		-			-			101,387			-			-			-			101,387			-		-		-			-			101,387			-			-			-			101,387
Deconsolidation of Kuvera LATAM		-			-			-			-			-			(51,485	)		(51,485	)		-		-		-			-			-			-			-			(51,485	)		(51,485	)
Foreign currency translation adjustment		-			-			-			(18,975	)		-			-			(18,975	)		-		-		-			-			-			(18,975	)		-			-			(18,975	)
Net income (loss)		-			-			-			-			(3,005,955	)		-			(3,005,955	)		-		-		-			-			-			-			(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	)		-		-		2,679,376,966			2,679,377			24,146,088			(17,612	)		(28,102,938	)		-			(1,295,085	)
Common stock issued for cash																							-		-		13,000,000			13,000			312,000			-			-			-			325,000
Common stock issued for services and compensation																							-		-		241,000,000			241,000			1,274,915			-			-			-			1,515,915
Common stock repurchase																							-		-		(5,150	)		(5	)		(97	)		-			-			-			(102	)
Common stock cancelled																							-		-		(222,500,000	)		(222,500	)		(3,157,500	)		-			-			-			(3,380,000	)
Beneficial conversion feature																							-		-		-			-			1,000,000			-			-			-			1,000,000
Foreign currency translation adjustment																							-		-		-			-			-			(1,585	)		-			-			(1,585	)
Net income (loss)																							-		-		-			-			-			-			(1,753,566	)		-			(1,753,566	)
Balance, September 30, 2019																							-	$	-		2,710,871,816		$	2,710,872		$	23,575,406		$	(19,197	)	$	(29,856,504	)	$	-		$	(3,589,423	)

Balance, March 31, 2020		3,214,490,408		$	3,214,490		$	28,929,516		$	(20,058	)	$	(46,382,174	)	$	-		$	(14,258,226	)		-	$	-		3,214,490,408		$	3,214,490		$	28,929,516		$	(20,058	)	$	(46,382,174	)	$	-		$	(14,258,226	)
Common stock issued for services		21,000,000			21,000			397,954			-			-			-			418,954
Common stock issued for services and compensation																							-		-		21,000,000			21,000			397,954			-			-			-			418,954
Share repurchase		(9,079	)		(9	)		(263	)		-			-			-			(272	)		-		-		(9,079	)		(9	)		(263	)		-			-			-			(272	)
Beneficial conversion feature		-			-			2,000,000			-			-			-			2,000,000			-		-		-			-			2,000,000			-			-			-			2,000,000
Foreign currency translation adjustment		-			-			-			636			-			-			636			-		-		-			-			-			636			-			-			636
Net income (loss)		-			-			-			-			(4,913,787	)		-			(4,913,787	)		-		-		-			-			-			-			(4,913,787	)		-			(4,913,787	)
Balance, June 30, 2020		3,235,481,329		$	3,235,481		$	31,327,207		$	(19,422	)	$	(51,295,961	)	$	-		$	(16,752,695	)		-		-		3,235,481,329			3,235,481			31,327,207			(19,422	)		(51,295,961	)		-			(16,752,695	)
Preferred stock issued for cash																							46,612		47		-			-			1,158,754			-			-			-			1,158,801
Offering costs																							-		-		-			-			(20,994	)		-			-			-			(20,994	)
Common stock issued for services and compensation																							-		-		-			-			376,282			-			-			-			376,282
Common stock forfeited																							-		-		(200,000,000	)		(200,000	)		(3,180,000	)		-			-			-			(3,380,000	)
Common stock repurchase																							-		-		(106,000,000	)		(106,000	)		(14,000	)		-			-			-			(120,000	)
Forgiveness of accrued payroll																							-		-		-			-			373,832			-			-			-			373,832
Dividends																							-		-		-			-			-			-			(52,342	)		-			(52,342	)
Foreign currency translation adjustment																							-		-		-			-			-			(4,359	)		-			-			(4,359	)
Net income (loss)																							-		-		-			-			-			-			(1,187,760	)		-			(1,187,760	)
Balance, September 30, 2020																							46,612	$	47		2,929,481,329		$	2,929,481		$	30,021,081		$	(23,781	)	$	(52,536,063	)	$	-		$	(19,609,235	)

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,						Six Months Ended September 30,
	2020			2019			2020			2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(4,913,787	)	$	(3,005,955	)	$	(6,101,547	)	$	(4,759,521	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation		377,582			1,220			982,819			36,007
Amortization of debt discount		402,951			497,868			703,511			1,892,791
Amortization of long-term license agreement		-			37,497			-			75,406
Amortization of intangible assets		43,169			84,306			86,812			169,539
Stock issued for services and compensation		418,954			-			795,236			1,515,915
Loan fees on new borrowings								-			841,140
Offering costs								6			-
Lease cost, net of repayment		501			-			2			-
(Gain) on deconsolidation		-			(53,739	)		-			(53,739	)
(Gain) loss on debt extinguishment		(17,826	)		-			(829,937	)		(1,281,477	)
Loss on fair value of derivative liability		(347,635	)		1,759,190			(326,788	)		(599,257	)
Realized (gain) loss on cryptocurrency		-			(410	)		(1,096	)		667
Unrealized (gain) loss on cryptocurrency		(91,486	)		(147,410	)		(176,817	)		(25,330	)
Impairment expense								66,645			-
Changes in operating assets and liabilities:
Receivables		(267,903	)		(99,698	)		(53,967	)		(18,538	)
Prepaid assets		(365,583	)		235,728			(1,141,805	)		(1,283,764	)
Short-term advances		-			(58,285	)		-			(100,000	)
Short-term advances from related parties		-			(10,000	)		-			(10,000	)
Other current assets		24,797			200,542			118,307			(517,051	)
Deposits		595			(5,000	)		2,685			(3,130	)
Accounts payable and accrued liabilities		(104,661	)		(106,735	)		(1,001,276	)		(19,420	)
Customer advance		2,063,236			-			81,845			3,448,476
Deferred revenue		221,550			1,527,516			167,896			(94,985	)
Other liabilities		3,265,504			-			6,872,236			3,529,296
Accrued interest		46,830			46,335			107,025			131,799
Accrued interest, related parties		149,562			-			309,837			649,999
Net cash provided by (used in) operating activities		906,350			902,970			661,629			3,524,823

CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for fixed assets		(1,717,289	)		-			(1,717,289	)		(1,720,116	)
Net cash provided by (used in) investing activities		(1,717,289	)		-			(1,717,289	)		(1,720,116	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties		4,339,135			206,500			4,474,137			1,459,500
Repayments for related party payables		(2,489,209	)		(356,501	)		(3,036,216	)		(1,369,500	)
Proceeds from debt		1,405,300			200,000			1,405,300			1,322,651
Repayments for debt		(1,432,344	)		(1,309,170	)		(2,030,344	)		(2,745,024	)
Payments for share repurchase		(272	)		-			(272	)		(102	)
Dividends paid								(14,567	)		-
Proceeds from the sale of stock		-			325,000			1,165,300			650,000
Payments for financing costs								(21,000	)		-
Net cash provided by (used in) financing activities		1,822,610			(934,171	)		1,942,338			(682,475	)

Effect of exchange rate translation on cash		-			38			-			2,297

Net increase (decrease) in cash, cash equivalents, and restricted cash		1,011,671			(31,163	)		886,678			1,124,529
Cash, cash equivalents, and restricted cash - beginning of period		137,177			133,644			137,177			133,644
Cash, cash equivalents, and restricted cash - end of period	$	1,148,848		$	102,481		$	1,023,855		$	1,258,173

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for:
Interest	$	-		$	51,000		$	275,192		$	51,000
Income taxes	$	985		$	5,544		$	3,282		$	5,544
Non cash investing and financing activities:
Reductions to equity for offering costs accrued	$	-		$	101,387
Prepaid assets reclassified to fixed assets	$	2,252,568		$	-		$	2,252,568		$	-
Beneficial conversion feature	$	2,000,000		$	-		$	2,000,000		$	1,000,000
Cancellation of shares							$	-		$	3,380,000
Changes in equity for offering costs accrued							$	-		$	101,387
Derivative liability recorded as a debt discount							$	-		$	365,000
Recognition of lease liability and ROU asset at lease commencement							$	-		$	131,244
Shares forfeited							$	3,380,000		$	-
Share repurchase							$	120,000		$	-
Reclassification of related party debt							$	26,000		$	-
Dividends declared but not yet paid							$	37,775		$	-
Forgiveness of accrued payroll							$	373,832		$	-

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

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF ~~JUNE~~SEPTEMBER 30, 2020

(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 May 7, 2018, we established WealthGen Global, LLC as a Utah limited liability company and our wholly owned subsidiary.

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.

Effective July 22, 2019 we renamed our non-operating wholly owned subsidiary Razor Data, LLC to APEX Tek, LLC, a Utah Limited Liability Company.

Nature of Business

We own a number of companies that each operate independently, but are accretive to one another. We are 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.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

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, 2020~~

~~(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. The operations of United Games and United League are currently being assessed now that we have completed our integration of their software and personnel. These entities may be eliminated or re-structured in the future as we are currently assessing the potential future for social gaming app known as FIREFAN.

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.

Apex Tek, LLC (formerly Razor Data, LLC) delivers the APEX program which permits individuals to purchase assets that will generate monthly cash flow. As of ~~June~~September 30, 2020 we have ceased selling the APEX package. We may re-introduce APEX at a ~~late~~later date after further evaluation of the model.

Investment Tools & Training, LLC currently has 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~~six months ended ~~June~~September 30, 2020, are not necessarily indicative of the operating results that may be expected for the year ending March 31, 2021. These unaudited condensed consolidated financial statements should be read in conjunction with the March 31, 2020 consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended March 31, 2020.

Principles of Consolidation

The consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries, Kuvera, LLC, Investment Tools & Training, LLC, Apex Tek, LLC (formerly Razor Data, LLC), 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 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 was 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.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF ~~JUNE~~SEPTEMBER 30, 2020

(Unaudited)

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.

Foreign Exchange

We have consolidated the accounts of Kuvera France S.A.S. into our consolidated financial statements. The operations of Kuvera France S.A.S. are conducted in France and its functional currency is the Euro.

The financial statements of Kuvera France S.A.S. are prepared using their 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, 2020 March 31, 2020
Euro to USD 1.12165 1.10314

		September 30, 2020				March 31, 2020
Euro to USD			1.17300				1.10314

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

Three Months Ended June 30,
2020 2019
Euro to USD 1.10160 1.12398

	Six Months Ended September 30,
	2020		2019
Euro to USD		1.135711		1.11795

Restricted Cash

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

	June 30, 2020		March 31, 2020		September 30, 2020		March 31, 2020
Cash and cash equivalents	$	1,122,848	$	137,177	$	583,955	$	137,177
Restricted Cash		26,000		-
Restricted cash, current						151,489		-
Restricted cash, long term						288,411		-
Total cash, cash equivalents, and restricted cash shown on the statement of cash flows	$	1,148,848	$	137,177	$	1,023,855	$	137,177

Amount included in restricted cash represent funds required to be held in an escrow account by a contractual agreement and will be used for paying dividends to our Series B Preferred Stock holders.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

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~~September 30, 2020 and March 31, 2020 the fair value of our cryptocurrencies was ~~$162,711~~$155,628 and $96,022, respectively. During the ~~three~~six months ended ~~June~~September 30, 2020 we recorded $0$1,096 and ~~$91,486~~$176,817 as a total realized and unrealized gain (loss) on cryptocurrency, respectively. During the six months ended September 30, 2019 we recorded $(667) and $25,330 as a total realized and unrealized gain (loss) on cryptocurrency, respectively. During the three months ended ~~June~~September 30, ~~2019~~2020 we recorded ~~$410~~$1,096 and ~~$147,410~~$85,331 as a total realized and unrealized gain (loss) on cryptocurrency, respectively.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF JUNE~~ During the three months ended September 30, ~~2020~~

~~(Unaudited)~~2019 we recorded $(1,077) and $(122,080) as a total realized and unrealized gain (loss) on cryptocurrency, respectively.

Fixed Assets

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

As of ~~June~~September 30, 2020 fixed assets were made up of the following:

	Estimated				Estimated
	Useful				Useful
	Life				Life
	(years)	Value			(years)		Value
Furniture, fixtures, and equipment	10	$	12,792			10	$	12,792
Computer equipment	3		22,752			3		21,143
Data processing equipment	3		7,180,453			3		7,095,515
			7,215,997					7,129,450
Accumulated amortization as of June 30, 2020			(626,111	)
Net book value, June 30, 2020		$	6,589,886
Accumulated depreciation as of September 30, 2020								(1,211,446	)
Net book value, September 30, 2020							$	5,918,004

Total depreciation expense for the ~~three~~six months ended ~~June~~September 30, 2020 and 2019, was ~~$377,582~~$982,819 and ~~$1,220,~~$36,007, 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~~six months ended ~~June~~September 30, 2020 and 2019 was $0 and ~~$37,497,~~$75,406, respectively, and the long-term license agreement was recorded at a net value of $0 as of ~~June~~September 30, 2020 and March 31, 2020 due to the asset being impaired as of March 31, 2020.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(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. As of ~~June~~September 30, 2020 intangible assets were made up of the following:

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
991,000
Accumulated amortization as of June 30, 2020 (341,287 )
Net book value, June 30, 2020 $ 649,713

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF JUNE 30, 2020~~

~~(Unaudited)~~

	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
				991,000
Accumulated amortization as of September 30, 2020				(384,930	)
Net book value, September 30, 2020			$	606,070

Amortization expense for the ~~three~~six months ended ~~June~~September 30, 2020 and 2019 was ~~$43,169~~$86,812 and ~~$84,306,~~$169,539, respectively. Amortization expense is expected to be as follows:

Remainder of 2021	$	129,981	$	86,338
Fiscal year ending March 31, 2022		173,150		173,150
Fiscal year ending March 31, 2023		173,150		173,150
Fiscal year ending March 31, 2024		32,589		32,589
Fiscal year ending March 31, 2025		6,148		6,148
Fiscal year ending March 31, 2026 and beyond		134,695		134,695
	$	649,713	$	606,070

Impairment of Long-Lived Assets

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

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

During the ~~three~~six months ended ~~June~~September 30, 2020 we fully impaired data processing equipment that had a cost basis of $84,939 and ~~2019~~we fully impaired a computer that had a cost basis of $1,609 because the assets were no longer in use. The accumulated depreciation of the assets at the time they were written off was $19,903, therefore we recognized impairment expense of $66,645 for the six months ended September 30, 2020. No impairment expense was ~~recognized.~~recognized during the six months ended September 30, 2019.

Fair Value of Financial Instruments

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

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

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

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

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

Level 3:

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

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

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~~September 30, 2020 and March 31, 2020, approximates the fair value due to their short-term nature.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF JUNE 30, 2020~~

~~(Unaudited)~~

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~~September 30, 2020:

	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cryptocurrencies	$	162,711	$	-	$	-	$	162,711	$	155,628	$	-	$	-	$	155,628
Total Assets	$	162,711	$	-	$	-	$	162,711	$	155,628	$	-	$	-	$	155,628

Derivative liability	$	-	$	-	$	445,860	$	445,860	$	-	$	-	$	4,265	$	4,265
Total Liabilities	$	-	$	-	$	445,860	$	445,860	$	-	$	-	$	4,265	$	4,265

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, 2020:

	Level 1		Level 2		Level 3		Total
Cryptocurrencies	$	96,022	$	-	$	-	$	96,022
Total Assets	$	96,022	$	-	$	-	$	96,022

Derivative liability	$	-	$	-	$	793,495	$	793,495
Total Liabilities	$	-	$	-	$	793,495	$	793,495

Sale and Leaseback

Through our wholly-owned subsidiary, APEX Tex, LLC, we ~~sell~~sold high powered data processing equipment (“APEX”) to our customers and they ~~lease~~leased the equipment back to SAFETek, LLC, another of our wholly-owned subsidiaries. We account for these transactions under ASC 842-40 where the leaseback has been deemed a sales-type lease due to the lease term generally covering the entire economic life of the equipment and our likelihood to purchase the asset at the end of the lease term. In accordance with ASC 842-40 we have recorded the data processing equipment as a fixed asset on our balance sheet and we have accounted for the amounts received for the equipment as a financial liability, in other liabilities on our balance sheet. Further, we will recognize interest on the financial liability over the term of the lease to ensure the financial liability equates to the total amounts to be paid over the life of the lease. During the ~~three~~six months ended ~~June~~September 30, 2020 we had the following activity related to our sale and leaseback transactions:

	Total Financial Liability			Contra- Liability			Net Financial Liability			Current [1]		Long Term		Total Financial Liability			Contra-Liability			Net Financial Liability			Current [1]		Long Term
Balance as of March 31, 2020	$	53,828,000		$	(38,535,336	)	$	15,292,664		$	11,407,200	$	3,885,464	$	53,828,000		$	(38,535,336	)	$	15,292,664		$	11,407,200	$	3,885,464
Proceeds from sales of APEX		2,340,432			-			2,340,432							5,001,622			-			5,001,622
Interest recorded on financial liability		3,659,568			(3,659,568	)		-							8,348,378			(8,348,378	)		-
Payments made for leased equipment		(901,000	)		-			(901,000	)						(2,125,300	)		-			(2,125,300	)
Interest expense		-			1,826,072			1,826,072							-			3,995,914			3,995,914
Balance as of June 30, 2020	$	58,927,000		$	(40,368,832	)	$	18,558,168		$	12,607,200	$	5,950,968
Balance as of September 30, 2020														$	65,052,700		$	(42,887,800	)	$	22,164,900		$	14,077,200	$	8,087,700

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

~~The $40,368,832 is expected to be recognized into interest as follows:~~

Remainder of 2021 $ 7,166,769
Fiscal year ending March 31, 2022 8,158,547
Fiscal year ending March 31, 2023 8,158,547
Fiscal year ending March 31, 2024 8,158,547
Fiscal year ending March 31, 2025 and beyond 8,726,422
$ 40,368,832

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF ~~JUNE~~SEPTEMBER 30, 2020

(Unaudited)

The $42,887,800 is expected to be recognized into interest as follows:

Remainder of 2021	$	4,782,861
Fiscal year ending March 31, 2022		9,565,721
Fiscal year ending March 31, 2023		9,565,721
Fiscal year ending March 31, 2024		9,565,721
Fiscal year ending March 31, 2025 and beyond		9,407,776
	$	42,887,800

During the ~~three~~six months ended ~~June~~September 30, 2020 we received additional proceeds for APEX sales which were recorded in the customer advance amount shown on our balance sheet, resulting in a net increase in the account of ~~$2,063,236.~~$81,845 since March 31, 2020. As of September 30, 2020 we have ceased selling the APEX package. We may re-introduce APEX at a later date after further evaluation of the model.

Revenue Recognition

Subscription Revenue

The majority of our revenue is generated by subscription sales and payment is received at the time of purchase. We recognize subscription revenue in accordance with ASC 606-10 where revenue is measured based on a consideration specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance obligation is to provide services over a fixed subscription period; therefore, we recognize revenue ratably over the subscription period and deferred revenue is recorded for the portion of the subscription period subsequent to each reporting date. Additionally, we offer a 10-day trial period to first time 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.

Mining Revenue

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

Fee Revenue

We generate fee revenue from our customers through SAFE Management, our subsidiary licensed as a Registered Investment Advisor and Commodities Trading Advisor. We recognize fee revenue in accordance with ASC 606-10 where revenue is measured based on a consideration specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract. Our performance obligation is to deliver fully managed trading services to individuals who do not meet the requirements of Qualified Investors and who lack the time to trade for themselves. We recognize fee revenue as our performance obligation is met and we receive payment for such advisory fees in the month following recognition.

Revenue generated for the ~~three~~six months ended ~~June~~September 30, 2020 is as follows:

	Subscription Revenue			Mining Revenue		Fee Revenue		Total			Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	4,559,960		$	1,342,546	$	4,013	$	5,906,519		$	10,159,115		$	3,836,285	$	7,723	$	14,003,123
Refunds, incentives, credits, and chargebacks		(316,703	)		-		-		(316,703	)		(659,970	)		-		-		(659,970	)
Net revenue	$	4,243,257		$	1,342,546	$	4,013	$	5,589,816		$	9,499,145		$	3,836,285	$	7,723	$	13,343,153

For the ~~three~~six months ended ~~June~~September 30, 2020 foreign and domestic revenues were approximately $4$9 million and ~~$1.6~~$4.4 million, respectively.

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

Subscription
Revenue Mining
Revenue Fee Revenue Total
Gross billings/receipts $ 8,292,701 $ - $ - $ 8,292,701
Refunds, incentives, credits, and chargebacks (780,988 ) - - (790,988 )
Net revenue $ 7,511,713 $ - $ - $ 7,511,713

~~For the three months ended June 30, 2019 foreign and domestic revenues were approximately $7.1 million and $400,000, respectively.~~

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF ~~JUNE~~SEPTEMBER 30, 2020

(Unaudited)

Revenue generated for the six months ended September 30, 2019 is as follows:

	Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	16,117,861		$	-	$	5,369	$	16,123,230
Refunds, incentives, credits, and chargebacks		(1,369,393	)		-		-		(1,369,393	)
Net revenue	$	14,748,468		$	-	$	5,369	$	14,753,837

For the six months ended September 30, 2019 foreign and domestic revenues were approximately $13.9 million and $800,000, respectively.

Revenue generated for the three months ended September 30, 2020 is as follows:

	Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	5,599,155		$	2,493,739	$	3,710	$	8,096,604
Refunds, incentives, credits, and chargebacks		(343,267	)		-		-		(343,267	)
Net revenue	$	5,255,888		$	2,493,739	$	3,710	$	7,753,337

For the three months ended September 30, 2020 foreign and domestic revenues were approximately $7.3 million and $426,000, respectively.

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

	Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	7,825,160		$	-	$	5,369	$	7,830,529
Refunds, incentives, credits, and chargebacks		(588,405	)		-		-		(588,405	)
Net revenue	$	7,236,755		$	-	$	5,369	$	7,242,124

For the three months ended September 30, 2019 foreign and domestic revenues were approximately $6.8 million and $403,000, respectively.

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, 2020		June 30, 2019		September 30, 2020		September 30, 2019
Options to purchase common stock		-		35,000		-		35,000
Warrants to purchase common stock		-		5,052,497		233,060		599,800
Notes convertible into common stock		180,609,479		172,829,927		161,742,478		58,416,067
Totals		180,609,479		177,914,424		161,975,538		59,050,867

Lease Obligation

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

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

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

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 ~~$51,295,961~~$52,536,063 as of ~~June~~September 30, 2020, along with a net loss of ~~$4,913,787~~$6,101,547 for the ~~three~~six months ended ~~June~~September 30, 2020. Additionally, as of ~~June~~September 30, 2020, we had cash of ~~$1,122,848~~$583,955 and a working capital deficit of ~~$18,096,913.~~$18,383,173. 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~~six months ended ~~June~~September 30, 2020, we raised $1,405,300 in cash proceeds from new debt arrangements and raised ~~$4,339,135~~$4,474,137 in cash proceeds from related parties. Additionally, net cash provided by operations was ~~$906,350~~$661,629 for the ~~three~~six months ended ~~June~~September 30, 2020. Subsequent to ~~June~~September 30, 2020, we ~~obtained $100,000~~received gross proceeds of $93,300 in ~~cash proceeds from new lending arrangements~~connection with our Unit Offering (see NOTE 11). Additionally, subject to a Securities Purchase agreement entered into in April 2020 we have a commitment from an investor to purchase a $9 million promissory note on or before October 31, 2020, subject to certain conditions.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF JUNE 30, 2020~~

~~(Unaudited)~~

On January 30, 2020, the World Health Organization declared the coronavirus outbreak a “Public Health Emergency of International Concern” and on March 11, 2020, declared it to be a pandemic. Actions taken around the world to help mitigate the spread of the coronavirus include restrictions on travel, and quarantines in certain areas, and forced closures for certain types of public places and businesses. The coronavirus and actions taken to mitigate the spread of it have had and are expected to continue to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the Company operates. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted to amongst other provisions, provide emergency assistance for individuals, families and businesses affected by the coronavirus pandemic. It is unknown how long the adverse conditions associated with the coronavirus will last and what the complete financial effect will be to the company. To date, the Company is experiencing challenges in multiple areas of the organization and the full economic impact is yet to be established.

During the year ended March 31, 2020 we made significant strides and wide sweeping changes. While we believe they will be beneficial to our bottom line, there is no assurance of this. Some of the concerns we face going forward will continue, including but not limited to:

	●	Supply chain issues for Apex Tek, LLC and the sourcing of miners due to the worldwide COVID pandemic and manufacturing slow downs

	●	SAFETek, LLC operations not scaling according to projections with decreased output due to mining difficulty and operational cost

	●	Regulatory reform that could adversely impact the use and demand of digital currencies

	●	The recent Bitcoin (BTC) halving event that further reduced mining output in addition to the supply chain issues

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

Apex Tek, LLC and SAFETek, LLC carry additional risk and generated recent losses, however, they also 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 which solidify our position in the fintech space.

While our liabilities are larger than our assets it is important to note that we seek to further reduce our operating expense. 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 lead to positive cash flow, reduced debt and then profitability.

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.

NOTE 5 – RELATED-PARTY TRANSACTIONS

Our related-party payables consisted of the following:

	June 30, 2020		March 31, 2020		September 30, 2020		March 31, 2020
Short-term advances [1]	$	818,188	$	876,427	$	489,850	$	876,427
Promissory note entered into on 1/30/20 [2]		1,083,060		1,033,333		1,133,333		1,033,333
Convertible Promissory Note entered into on 4/27/20 [3]		22,782		-		77,198		-
Convertible Promissory Note entered into on 5/27/20 [4]		6,571		-		36,019		-
Accounts payable – related party [5]		63,000		55,000		30,000		55,000
	$	1,993,601	$	1,964,760	$	1,766,400	$	1,964,760

[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 and are unsecured. During the ~~three~~six months ended ~~June~~September 30, 2020, we received ~~$2,271,135~~$2,338,137 in cash proceeds from advances, incurred ~~$40,000~~$50,000 in interest expense on the advances, and repaid related parties ~~$2,369,374.~~$2,816,713. Also during the six months ended September 30, 2020 there was a change in senior management therefore $26,001 due to a former member of the senior management team was reclassified from a related party payable to debt on our balance sheet (see NOTE 6).

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF JUNE 30, 2020~~

~~(Unaudited)~~

[2]	We entered into a $1,000,000 promissory note with Joeseph Cammarata, our Chief Executive Officer, on January 30, 2020. The term of the note is one year, at which time the principal and interest of 20%, or $200,000 will be due. During the ~~three~~six months ended ~~June~~September 30, 2020 we recognized ~~$49,727~~$100,000 of interest expense on the note.

[3]	On April 27, 2020 we received proceeds of $1,300,000 from DBR Capital, LLC, an entity controlled by members of our Board of Directors. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. The note is convertible into common stock at a conversion price of $0.01257 per share therefore during the ~~three~~six months ended ~~June~~September 30, 2020 we recorded a beneficial conversion feature and debt discount of $1,300,000 (see NOTE 8). During the ~~three~~six months ended ~~June~~September 30, 2020 we recognized ~~$22,782~~$55,531 of the debt discount into interest expense as well as expensed ~~and paid~~ an additional ~~$46,222~~$111,223 of interest expense on the ~~note.~~note, of which $89,556 was repaid during the period.

[4]	On May 27, 2020 we received proceeds of $700,000 from DBR Capital, LLC, an entity controlled by members of our Board of Directors. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. The note is convertible into common stock at a conversion price of $0.01257 per share therefore during the ~~three~~six months ended ~~June~~September 30, 2020 we recorded a beneficial conversion feature and debt discount of $700,000 (see NOTE 8). During the ~~three~~six months ended ~~June~~September 30, 2020 we recognized ~~$6,571~~$24,352 of the debt discount into interest expense as well as expensed ~~and paid~~ an additional ~~$13,613~~$48,614 of interest expense on the ~~note.~~note, of which $36,947 was repaid during the period.

[5]	During the ~~three~~six months ended ~~June~~September 30, 2020 we paid ~~$15,000~~$25,000 to an accounting firm owned by our Chief Financial Officer to reduce amounts previously owed. We also incurred $68,000 to reimburse DBR Capital, LLC, for amounts paid on our behalf. ~~Of that $68,000, $45,000~~The entire amount was repaid during the ~~three~~six months ended ~~June~~September 30, 2020.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

NOTE 6 – DEBT

Our debt consisted of the following:

	June 30, 2020		March 31, 2020		September 30, 2020		March 31, 2020
Short-term advance received on 8/31/18 [1]	$	65,000	$	65,000	$	35,000	$	65,000
Secured merchant agreement for future receivables entered into on 8/16/19 and refinanced on 12/10/19 [2]		408,637		1,223,615		-		1,223,615
Secured merchant agreement for future receivables entered into on 8/16/19 [3]		-		260,090		-		260,090
Convertible promissory note entered into on 3/5/20 [4]		58,822		13,072		-		13,072
Convertible promissory note entered into on 3/11/20 [5]		41,896		7,549		-		7,549
Short-term advance received on 3/25/20 [6]		122,500		150,000		95,000		150,000
Promissory note entered into on 4/10/20 [7]		400,000		-		400,000		-
Note issued under the Paycheck Protection Program on 4/17/20 [8]		506,325		-		507,598		-
Loan with the U.S. Small Business Administration dated 4/19/20 [9]		503,596		-		508,322		-
Short-term advance received from a former member of senior management [10]						26,001		-
	$	2,106,776	$	1,719,326	$	1,571,921	$	1,719,326

[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~~six months ended ~~June~~September 30, 2020 we made ~~no payments~~repayments of $30,000 on the debt.

[2]	During August 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On August 15, 2019, we received proceeds from this arrangement of $339,270 after paying off $316,093 and $297,033 from two separate February 2018 agreements. In accordance with the terms of the new agreement, we were required to repay $1,399,000 by making daily ACH payments of $6,823. Accordingly, we recorded $446,604 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.

	Effective December 10, 2019 this debt was refinanced and the outstanding balance of $839,514 was rolled into a new Secured Merchant Agreement for future receivables. Prior to the refinance, we repaid $559,486 and amortized $446,605 into interest expense related to the August 2019 arrangement. As a result of the refinancing arrangement we received proceeds of $854,801. In accordance with the terms of the agreement, we were required to repay $2,448,250 by making daily ACH payments of $10,999. Accordingly, we recorded $753,935 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, 2020, after the refinance, we repaid $747,932 and amortized $277,232 into interest expense related to the new December 2019 agreement. During the ~~three~~six months ended ~~June~~September 30, 2020 we ~~repaid $1,041,496 and~~ amortized ~~$226,518~~$442,894 into interest ~~expense.~~expense and repaid $1,071,996 to pay the debt off in full, which resulted in a gain on settlement of debt being recorded for $594,513.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF JUNE 30, 2020~~

~~(Unaudited)~~

[3]	During August 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. In August 2019, we received proceeds from this arrangement of $418,381 after paying off $382,000 from an October 2018 agreement. In accordance with the terms of the agreement, we were required to repay $1,189,150 by making daily ACH payments of $5,801. Accordingly, we recorded $388,769 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, 2020, we repaid $853,203 and amortized $312,912 into interest expense. During the ~~three~~six months ended ~~June~~September 30, 2020 we repaid $330,013, recorded a $5,934 gain on settlement of debt, and amortized $75,857 into interest expense

[4]	In March 2020, we entered into a Convertible Promissory Note and received proceeds of $200,000 after incurring loan fees of $3,000. The note ~~incurs~~incurred interest at 10% per annum and ~~has~~had a maturity date of June 2, 2021. The Convertible Promissory Note ~~has~~had a variable conversion rate that iswas 65% of the average of the two lowest trading prices during the previous 15-trading-day period, subject to adjustment. Therefore, the conversion feature iswas accounted for as a derivative instrument (see ~~Note~~NOTE 7). At inception, we recorded a debt discount of $203,000 and captured loan fees, recorded as interest expense, of $116,077. During the year ended March 31, 2020, we amortized $11,626 into interest expense, and recorded additional interest expense on the note of $1,446. During the ~~three~~six months ended ~~June~~September 30, 2020, we amortized ~~$40,689~~$59,916 into interest expense, and recorded additional interest expense on the note of ~~$5,061.~~$7,453 before we repaid the note in full for $262,649 and wrote off the derivative liability associated with the debt of $265,584 (see NOTE 7), resulting in a net gain on settlement of debt being recorded for $83,376.

[5]	In March 2020, we entered into a Convertible Promissory Note and received proceeds of $150,000 after incurring loan fees of $3,000. The note ~~incurs~~incurred interest at 10% per annum and ~~has~~had a maturity date of June 10, 2021. The Convertible Promissory Note ~~has~~had a variable conversion rate that iswas 65% of the average of the two lowest trading prices during the previous 15-trading-day period, subject to adjustment. Therefore, the conversion feature iswas accounted for as a derivative instrument (see ~~Note~~NOTE 7). At inception, we recorded a debt discount of $153,000 and captured loan fees, recorded as interest expense, of $148,432. During the year ended March 31, 2020, we amortized $6,711 into interest expense, and recorded additional interest expense on the note of $838. During the ~~three~~six months ended ~~June~~September 30, 2020, we amortized ~~$30,533~~$44,960 into interest expense and recorded additional interest expense on the note of ~~$3,814.~~$5,617 before we repaid the note in full for $197,351 and wrote off the derivative liability associated with the debt of $203,357 (see NOTE 7), resulting in a net gain on settlement of debt being recorded for $64,132.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

[6]	In March 2020, we received a $150,000 short-term advance. The advance is due on demand, has no interest rate, and is unsecured. During the ~~three~~six months ended ~~June~~September 30, 2020 we made repayments of ~~$27,500~~$55,000 on the debt.

[7]	In April 2020, we received proceeds of $400,000 after entering into a promissory note that is due six months from the funding date. Under the note six interest only payments of $16,667 are to be made on the 20^th of each month beginning in May 2020. Collateral for the note is, in priority order, is: the reserve and current balance in one of our merchant accounts, the reserve account in a second separate merchant accounts, shares of our common stock, and high-speed computer processing equipment. During the ~~three~~six months ended ~~June~~September 30, 2020 we recorded and paid ~~$33,334~~$83,335 worth of interest expense.

[8]	In April 2020 we received $505,300 in proceeds from the Paycheck Protection Program as established by the CARES Act as a result of a Note entered into with the U.S. Small Business Administration. The note has an interest rate of 1% and matures on April 1, 2022. Under the Note we are required to make monthly payments beginning November 1, 2020, however, under the terms of the CARES Act the loan may be forgiven if funds are used for qualifying expenses. During the ~~three~~six months ended ~~June~~September 30, 2020 we recorded ~~$1,025~~$2,298 worth of interest expense on the Note.

[9]	In April 2020 we received proceeds of $500,000 from a loan entered into with the U.S. Small Business Administration. Under the terms of the loan interest is to accrue at a rate of 3.75% per annum and installment payments of $2,437 monthly will begin twelve months from the date of the loan, with all interest and principal due and payable thirty years from the date of the loan. During the ~~three~~six months ended ~~June~~September 30, 2020 we recorded ~~$3,596~~$8,322 worth of interest on the loan.

[10]	During the six months ended September 30, 2020 there was a change in senior management therefore $26,001 due to a former member of the senior management team was reclassified on our balance sheet from a related party payable to debt (see NOTE 5).

NOTE 7 – DERIVATIVE LIABILITY

During the ~~three~~six months ended ~~June~~September 30, 2020, we had the following activity in our derivative liability account:

				Debt			Warrants			Total
Derivative liability at March 31, 2020	$	793,495		$	793,495		$	-		$	793,495
Derivative liability recorded on new instruments		-			-			6,499			6,499
Derivative liability reduced by debt settlement		-
Derivative liability reduced by debt settlement (see NOTE 6)					(468,941	)		-			(468,941	)
Change in fair value		(347,635	)		(324,554	)		(2,234	)		(326,788	)
Derivative liability at June 30, 2020	$	445,860
Derivative liability at September 30, 2020				$	-		$	4,265		$	4,265

We use the binomial option pricing model to estimate fair value for those instruments convertible into common stock, at inception, at conversion or settlement date, and at each reporting date. During the ~~three~~six months ended ~~June~~September 30, 2020, the assumptions used in our binomial option pricing model were in the following range:

	Debt		Warrants
Risk free interest rate	0.11 - 0.17%	~~0.16-0.17~~	%0.21 - 0.28%
Expected life in years	0.80 - 1.11	~~0.92 – 1.11~~	4.84 - 5.00
Expected volatility	128% - 239%	~~167%~~	265% - ~~239~~306%	%

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF JUNE 30, 2020~~

~~(Unaudited)~~

NOTE 8 – STOCKHOLDERS’ EQUITY (DEFICIT)

Preferred Stock

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

As of March 31, 2020, we had no preferred stock issued or outstanding.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

During the year ended March 31, 2020 our Board of Directors approved the designation of 2,000,000 of the Company’s shares of preferred stock as Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”)., each with a stated value of $25 per share. Our Series B ~~Convertible~~ Preferred Stock holders are entitled to 500 votes per share, are entitled to receive cumulative dividends at the annual rate of 13% per annum of the ~~liquidation price,~~stated value, equal to $3.25 per annum per share. ~~As of June~~

During the six months ended September 30, 2020 we commenced a security offering to sell a total of 2,000,000 units at $25 per unit (“Unit Offering”), such that each unit consisted of: (i) one share of our newly authorized Series B Preferred Stock and ~~March 31,~~(ii) five warrants each exercisable to purchase one share of common stock at an exercise price of $0.10 per warrant share. Each Warrant offered is immediately exercisable on the date of issuance, will expire 5 years from the date of issuance, and its value has been classified as a fair value liability due to the terms of the instrument (see NOTE 7). During the six months ended September 30, 2020 we ~~had no~~sold 46,612 units for gross proceeds of $1,165,300, therefore recorded the issuance of 46,612 shares of Series B Preferred Stock and the grant of 233,060 warrants during the period. Of the gross proceeds, $6,499 was allocated to the warrants and recorded as a derivative liability and $1,158,801 was allocated to the preferred stock ~~issued or outstanding.~~($47 recorded as the par value and $1,158,754 allocated to additional paid in capital). Also in conjunction with the Unit Offering we paid $21,000 of offering costs which was allocated between the preferred stock and warrants. The $20,994 allocated to the preferred stock decreased additional paid in capital due to the underlying instrument being classified as equity and the $6 allocated to the warrants was immediately expensed as offering costs due to the underlying instrument being classified as a fair value liability.

Preferred Stock Dividends

During the six months ended September 30, 2020 we recorded $52,342 for the cumulative cash dividends due to the shareholders of our Series B Preferred Stock and paid $14,567 of these amounts owing. As a result we recorded $37,775 as a dividend liability on our balance sheet as of September 30, 2020.

Common Stock

During the ~~three~~six months ended ~~June~~September 30, 2020, we issued 21,000,000 shares of common stock, valued at $399,000 based on the market value on the day of issuance, for services and compensation, which is subject to forfeiture if the employee or contractor is not in good standing at the time the shares are fully vested. Of the $399,000 value we recognized ~~$83,001~~$128,497 as an expense during the ~~three~~six months ending ~~June~~September 30, 2020 and the remaining ~~$315,999~~$270,503 will be recognized ratably over the vesting term. In addition, during the ~~three~~six months ended ~~June~~September 30, 2020, we recognized ~~$335,953~~$666,738 as expense due to the vesting of shares of common stock previously issued.

During the ~~three~~six months ended ~~June~~September 30, 2020, we repurchased 9,079 shares of our common stock from a third party for ~~$272.~~$272 and repurchased 106,000,000 shares of our common stock from former members of our senior management team and founders for $120,000, all of which was recorded in Accounts Payable on our balance sheet at September 30, 2020. These shares repurchased were immediately canceled. Also, during the ~~three~~six months ended ~~June~~September 30, 2020 we recorded an increase in Additional Paid in Capital of $2,000,000 related to beneficial conversion features on our related party debt (see NOTE 5), and recorded an increase in Additional Paid in Capital of $373,832 for accrued payroll forgiven by a member of our senior management team at the time his employment with the Company ended.

During the six months ended September 30, 2020 we cancelled 200,000,000 shares returned in conjunction with the termination of a Joint Venture Agreement entered into in March of 2019, reducing common stock by $200,000, reducing additional paid in capital by $3,180,000, offset with a reduction in our prepaid asset of $2,428,044 and a reversal of previously recorded expense of $951,956.

As of ~~June~~September 30, 2020 and March 31, 2020, ~~the Company~~we had ~~3,235,481,329~~2,929,481,329 and 3,214,490,408 shares of common stock issued and outstanding, respectively.

Warrants

During the six months ended September 30, 2020 we granted 233,060 warrants in conjunction with our Unit Offering. The warrants are classified as a derivative liability on our balance sheet in accordance with ASC 480, Distinguishing Liabilities from Equity, based on the warrants terms that indicate a fundamental transaction could give rise to an obligation for us to pay cash to our warrant holders (see NOTE 7).

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

Details of our warrants outstanding as of September 30, 2020 is as follows:

Exercise Price			Warrants Outstanding		Warrants Exercisable		Weighted Average Contractual Life (Years)
$	0.10		233,060		233,060		4.79

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. During the ~~three~~six months ended ~~June~~September 30, 2020 we were not involved in any material legal proceedings.

NOTE 10 – OPERATING LEASE

In February 2016, the FASB issued ASU No. 2016-02, Leases. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases. Leases are classified as either finance or operating with classification affecting the pattern of expense recognition in the statement of operations. We adopted ASU No. 2016-02 on April 1, 2019. We did not record a lease asset and lease liability as of the adoption date as we had no lease arrangements or lease obligation at that time.

In August 2019 we entered an operating lease for office space in Eatontown, New Jersey (the “Eatontown Lease”) and in September 2019 we entered an operating lease for office space in Kaysville, Utah (the “Kaysville Lease”). We have the option to extend the three year lease term of the Eatontown Lease for a period of one year. In addition, we are obligated to pay twelve monthly installments to cover an annual utility charge of $1.75 per rentable square foot for electric usage within the demised premises. As the lessor has the right to digitally meter and charge us accordingly, these payments were deemed variable and will be expensed as incurred. During the three and six months ended ~~June~~September 30, 2020 the variable lease costs amounted to ~~$831.~~$831 and $1,662, respectively. At commencement of the Eatontown Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $110,097. ~~We have the option to extend the twelve-and-a-half-month lease term of the Kaysville Lease for a period of one year.~~ At commencement of the Kaysville Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $21,147.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF JUNE 30,~~ As of October 1, 2020,

~~(Unaudited)~~ the Company began leasing the property located in Kaysville on a month to month basis.

Operating lease expense was $16,397 and $32,794 for the three and six months ended ~~June~~September 30, 2020. Operating cash flows used for the operating leases during the three and six months ended ~~June~~September 30, 2020 were ~~$15,897.~~$16,897 and $32,794. As of ~~June~~September 30, 2020, the weighted average remaining lease term was ~~1.98~~1.83 years and the weighted average discount rate was 12%.

Future minimum lease payments under non-cancellable leases as of ~~June~~September 30, 2019 were as follows:

Remainder of 2021	$	37,397		$	24,000
2022		48,000			48,000
2023		16,000			16,000
Total		101,397			88,000
Less: Interest		(7,580	)		(8,572	)
Present value of lease liability		93,817			79,428
Operating lease liability, current [1]		(40,974	)		(48,000	)
Operating lease liability, long term	$	52,843		$	31,428

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

NOTE 11 – SUBSEQUENT EVENTS

Subsequent to ~~June~~September 30, 2020, we paid $7,601 of dividends that were accrued as of September 30, 2020. Also, subsequent to September 30, 2020, we received gross proceeds of ~~$100,000 in short-term advances from a related party.~~

~~Subsequent to June 30, 2020, we cancelled 200,000,000 shares of our common stock that were issued and outstanding. Also, subsequent to June 30, 2020 we issued 4,645 shares of Series B Preferred Stock~~$93,300 in connection with ~~the sale of equity units in exchange for net proceeds of $116,125.~~our Unit Offering.

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.

1920

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 are an emerging leader in the financial technology (FINTECH) sector, leveraging the latest innovations in technology for financial education, services and interactive tools. Our family of subsidiaries focus on delivering products that serve individuals around the world. From personal money management, to advancements in blockchain technologies, our companies are forging a path for individuals to take advantage of financial and technical innovations.

Under our parent company, Investview, Inc., our significant operating subsidiaries include:

Kuvera, LLC and Kuvera France S.A.S. – provides financial education and cost savings tools for individuals worldwide.

S.A.F.E. Management, LLC – trade advisory services for those who lack the time to trade for themselves.

SAFETek, LLC – deploying next generation processing technologies for artificial intelligence, data mining and blockchain technologies.

APEX Tek, LLC – delivers the APEX program which permits individuals to purchase assets that will generate monthly cash flow. As of ~~June~~September 30, 2020 we have ceased selling the APEX package. We may re-introduce APEX at a ~~late~~later date after further evaluation of the model.

Results of Operations

Three Months Ended ~~June~~September 30, 2020 Compared to Three Months Ended ~~June~~September 30, 2019

Revenues

We recorded net revenue of ~~$5,589,816~~$7,753,337 for the three months ended ~~June~~September 30, 2020, which was ~~a decrease~~an increase of ~~$1,921,897~~$511,213 or ~~26%~~7%, from the prior period revenue of ~~$7,511,713.~~$7,242,124. The ~~decrease~~increase can be explained by our $2,493,739 increase in mining revenues earned in the current year as a result of our cryptocurrency mining operations versus no such revenue in the prior year. This was offset by a decrease in subscription sales of ~~$3,268,456,~~$1,980,867, which was mostly due to ~~attrition and an overhaul in~~ the compensation plan of Kuvera during the third quarter of fiscal year 2019, resulting in a loss of repeat subscription customers. These decreases were offset by an increase in mining revenue and fees earned in the current year, versus no such sales in the prior year, explaining $1,342,546impact of the ~~offsetting increase.~~Covid-19 pandemic and its overall impact to the economy. Our gross billings ~~decreased~~increased by ~~29%~~3%, or ~~$2,386,182,~~$266,075, to ~~$5,906,519~~$8,096,604 in the three months ended ~~June~~September 30, 2020, versus ~~$8,292,701~~$7,830,529 in the three months ended ~~June~~September 30, 2019; however, this was offset by refunds, incentives, credits, chargebacks, and amounts paid to suppliers.

Operating Costs and Expenses

We recorded operating costs and expenses of ~~$8,596,614~~$7,182,320 for the three months ended ~~June~~September 30, 2020, which was ~~an increase~~a decrease of ~~$259,760,~~$2,132,923, or 3%23%, from the prior period’s operating costs and expenses of ~~$8,336,854.~~$9,315,243. The ~~increase~~decrease can be explained by the ~~increase~~decrease in our salary and related expenses of $1,751,038, or 68%, from $2,567,592 for the three months ended September 30, 2019, to $816,554 for the three months ended September 30, 2020, the decrease in commissions of $930,464, or 21%, from $4,347,177 for the three months ended September 30, 2019, to $3,416,713 for the three months ended September 30, 2020, and the decrease in our general and administrative expenses of ~~$1,086,149,~~$998,287, or ~~80%~~73%, from ~~$1,358,643~~$1,363,113 for the three months ended ~~June~~September 30, 2019, to ~~$2,444,792 for the three months ended June 30, 2020 and~~$364,826. These decreases were offset by the increase in cost of sales and ~~services~~service of ~~$668,871,~~$1,435,764 or ~~275%,~~497% from ~~$243,453~~$289,045 for the three months ended ~~June~~September 30, 2019 to ~~$912,324~~$1,724,809 for the three months ended ~~June 30, 2020 offset by the decrease in commissions of $1,495,139, or 31%, from $4,868,970 for the three months ended June 30, 2019, to $3,373,831 for the three months ended June~~September 30, 2020. The increase in cost of sales and service was a result of ~~the increase in~~ mining costs ~~due~~incurred in the current period as it related to the increase in mining ~~revenue and the increase in general and administrative expenses was a result of incurring administrative costs for the APEX program that was launched during the second quarter of fiscal year 2019.~~revenue. The decrease in commissions 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. For the three months ended ~~June~~September 30, 2020 commissions as a percent of total net revenue was ~~60%~~44%, versus ~~65%~~60% in the prior period. Lastly, decreases in salary and general and administrative expenses was due to the Company terminating the sales program related to the APEX package and being able to cut back on operating costs that existed in the prior period, along with our cancellation of 200,000,000 shares that were returned in conjunction with the termination of a Joint Venture Agreement which resulted in the reversal of previously recorded expense of $951,956.

2021

Other Income and Expenses

We recorded other expense of ~~$1,906,004~~$1,756,480 for the three months ended ~~June~~September 30, 2020, which was a difference of ~~$269,266,~~$2,077,871, or ~~12%~~647%, from the prior period other income of $321,391. The change is due to a loss on fair value of derivative liability of $20,847 recognized in the three months ended September 30, 2020 compared to a gain of $2,358,447 for the three months ended September 30, 2019.

Six Months Ended September 30, 2020 Compared to Six Months Ended September 30, 2019

Revenues

We recorded net revenue of $13,343,153 for the six months ended September 30, 2020, which was a decrease of $1,410,684 or 10%, from the prior period revenue of $14,753,837. The decrease can be explained by our $5,249,323 decrease in subscription sales offset by our $3,836,285 increase in mining revenues earned in the current year as a result of our cryptocurrency mining operations versus no such revenue in the prior year. The decrease in subscription sales was due to attrition and an overhaul in the compensation plan of Kuvera during the third quarter of fiscal year 2019, resulting in a loss of repeat subscription customers, coupled with the impact of the Covid-19 pandemic and its overall impact to the economy. Our gross billings decreased by 13%, or $2,120,107, to $14,003,123 in the six months ended September 30, 2020, versus $16,123,230 in the six months ended September 30, 2019; however, this was offset by refunds, incentives, credits, chargebacks, and amounts paid to suppliers.

Operating Costs and Expenses

We recorded operating costs and expenses of $15,778,934 for the six months ended September 30, 2020, which was a decrease of $1,873,163, or 11%, from the prior period’s operating costs and expenses of $17,652,097. The decrease can be explained by the decrease in our salary and related expenses of $1,674,057, or 45%, from $3,711,446 for the six months ended September 30, 2019, to $2,037,389 for the six months ended September 30, 2020, the decrease in commissions of $2,425,603, or 26%, from $9,216,147 for the six months ended September 30, 2019, to $6,790,544 for the six months ended September 30, 2020. These decreases were offset by the increase in cost of sales and service of $2,104,635 or 395% from $532,498 for the six months ended September 30, 2019 to $2,637,133 for the six months ended September 30, 2020. The increase in cost of sales and service was a result of mining costs incurred in the current period as it related to the increase in mining revenue. The decrease in commissions 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. For the six months ended September 30, 2020 commissions as a percent of total net revenue was 51%, versus 62% in the prior period. Lastly, decreases in salary expenses was due to the Company terminating the sales program related to the APEX package and being able to cut back on operating costs that existed in the prior period.

Other Income and Expenses

We recorded other expense of $3,662,484 for the six months ended September 30, 2020, which was a difference of $1,808,605, or 98%, from the prior period other expense of ~~$2,175,270.~~$1,853,879. The change is due to ~~a gain on fair value of derivative liability of $347,635 for~~an increase in interest expense recorded in the ~~three~~six months ended ~~June~~September 30, 2020 ~~compared~~as it relates to ~~a loss of $1,759,190~~the interest required to be recognized on the financial liability recorded for ~~the three months ended June 30, 2019 offset by $2,247,098 of interest expense during the three months ended June 30, 2020 compared to $545,997 during the three months ended June 30, 2019.~~our APEX sale and leaseback transactions.

Liquidity and Capital Resources

During the ~~three~~six months ended ~~June~~September 30, 2020, we incurred a net loss of ~~$4,913,787.~~$6,101,547. However, we were able to generate ~~$906,350~~$661,629 in cash through our operating activities. We used this cash, along with ~~$1,822,610~~$1,942,338 of cash generated from financing activities to fund operations and fund the purchase of $1,717,289 worth of fixed assets. As a result, our cash, cash equivalents, and restricted cash increased by ~~$1,011,671~~$886,678 to ~~$1,148,848~~$1,023,855 as compared to $137,177 at the beginning of the fiscal year.

As of ~~June~~September 30, 2020, our current liabilities exceeded our current assets equal to a working capital deficit of ~~$18,096,913.~~$18,383,173. As of March 31, 2020, the working capital deficit was $14,123,625.

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, 2020, 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

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~~six months ended ~~March 31,~~September 30, 2020 are not necessarily indicative of the operating results that may be expected for the year ending March 31, 2021. These unaudited condensed consolidated financial statements should be read in conjunction with the March 31, 2020 consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended March 31, 2020.

Principles of Consolidation

The consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries, Kuvera, LLC, Investment Tools & Training, LLC, Apex Tek, LLC (formerly Razor Data, LLC), 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.

Use of Estimates

Sale and Leaseback

	Total Financial Liability			Contra-Liability			Net Financial Liability			Current [1]		Long Term		Total Financial Liability			Contra-Liability			Net Financial Liability			Current [1]		Long Term
Balance as of March 31, 2020	$	53,828,000		$	(38,535,336	)	$	15,292,664		$	11,407,200	$	3,885,464	$	53,828,000		$	(38,535,336	)	$	15,292,664		$	11,407,200	$	3,885,464
Proceeds from sales of APEX		2,340,432			-			2,340,432							5,001,622			-			5,001,622
Interest recorded on financial liability		3,659,568			(3,659,568	)		-							8,348,378			(8,348,378	)		-
Payments made for leased equipment		(901,000	)		-			(901,000	)						(2,125,300	)		-			(2,125,300	)
Interest expense		-			1,826,072			1,826,072							-			3,995,914			3,995,914
Balance as of June 30, 2020	$	58,927,000		$	(40,368,832	)	$	18,558,168		$	12,607,200	$	5,950,968
Balance as of September 30, 2020														$	65,052,700		$	(42,887,800	)	$	22,164,900		$	14,077,200	$	8,087,700

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

The ~~$40,368,832~~$42,887,800 is expected to be recognized into interest as follows:

Remainder of 2021	$	7,166,769	$	4,782,861
Fiscal year ending March 31, 2022		8,158,547		9,565,721
Fiscal year ending March 31, 2023		8,158,547		9,565,721
Fiscal year ending March 31, 2024		8,158,547		9,565,721
Fiscal year ending March 31, 2025 and beyond		8,726,422		9,407,776
	$	40,368,832	$	42,887,800

Revenue Recognition

~~Revenue Recognition~~

Subscription Revenue

Mining Revenue

Fee Revenue

Revenue generated for the ~~three~~six months ended ~~June~~September 30, 2020 is as follows:

	Subscription Revenue			Mining Revenue		Fee Revenue		Total			Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	4,559,960		$	1,342,546	$	4,013	$	5,906,519		$	10,159,115		$	3,836,285	$	7,723	$	14,003,123
Refunds, incentives, credits, and chargebacks		(316,703	)		-		-		(316,703	)		(659,970	)		-		-		(659,970	)
Net revenue	$	4,243,257		$	1,342,546	$	4,013	$	5,589,816		$	9,499,145		$	3,836,285	$	7,723	$	13,343,153

For the ~~three~~six months ended ~~June~~September 30, 2020 foreign and domestic revenues were approximately $4$9 million and ~~$1.6~~$4.4 million, respectively.

Revenue generated for the six months ended September 30, 2019 is as follows:

	Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	16,117,861		$	-	$	5,369	$	16,123,230
Refunds, incentives, credits, and chargebacks		(1,369,393	)		-		-		(1,369,393	)
Net revenue	$	14,748,468		$	-	$	5,369	$	14,753,837

For the six months ended September 30, 2019 foreign and domestic revenues were approximately $13.9 million and $800,000, respectively.

Revenue generated for the three months ended ~~June~~September 30, 2020 is as follows:

	Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	5,599,155		$	2,493,739	$	3,710	$	8,096,604
Refunds, incentives, credits, and chargebacks		(343,267	)		-		-		(343,267	)
Net revenue	$	5,255,888		$	2,493,739	$	3,710	$	7,753,337

For the three months ended September 30, 2020 foreign and domestic revenues were approximately $7.3 million and $426,000, respectively.

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

	Subscription Revenue			Mining Revenue		Fee Revenue		Total			Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	8,292,701		$	-	$	-	$	8,292,701		$	7,825,160		$	-	$	5,369	$	7,830,529
Refunds, incentives, credits, and chargebacks		(780,988	)		-		-		(790,988	)		(588,405	)		-		-		(588,405	)
Net revenue	$	7,511,713		$	-	$	-	$	7,511,713		$	7,236,755		$	-	$	5,369	$	7,242,124

For the three months ended ~~June~~September 30, 2019 foreign and domestic revenues were approximately ~~$7.1~~$6.8 million and ~~$400,000,~~$403,000, respectively.

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 effective.

Changes in Internal Controls

There were no changes in our internal controls over financial reporting during the fiscal quarter ended ~~June~~September 30, 2020, 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 the ordinary course of business, we may be or have been involved in legal proceedings from time to time; however we do not anticipate that the outcome of such matters and disputes will materially affect our financial statements.

None of our directors, officers, or affiliates is involved in a proceeding adverse to our business or has a material interest adverse to our business.

ITEM 1.A – RISK FACTORS

N/A

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

None.

ITEM 3 – DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4 – MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5 – OTHER INFORMATION

None.

2426

ITEM 6 – EXHIBITS

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

Exhibit Number*	Title of Document	Location

Item 10	Material Contracts

~~10.59~~	~~Securities Purchase Agreement between Investview, Inc. and DBR Capital, LLC, dated as of April 27, 2020~~	~~Incorporated by reference to the Current Report on Form 8-K filed April 30, 2020~~

~~10.60~~	~~Voting Rights Agreement between certain Investview, Inc., stockholders and DBR Capital, LLC, dated as of April 27, 2020~~	~~Incorporated by reference to the Current Report on Form 8-K filed April 30, 2020~~

~~10.61~~	~~Lock-up Agreement between certain Investview, Inc., stockholders and DBR Capital, LLC, dated as of April 27, 2020~~	~~Incorporated by reference to the Current Report on Form 8-K filed April 30, 2020~~

~~10.62~~	~~Investor Rights Agreement between Investview, Inc., and DBR Capital, LLC, dated as of April 27, 2020~~	~~Incorporated by reference to the Current Report on Form 8-K filed April 30, 2020~~

~~10.63~~	~~Convertible Secured Promissory Note by Investview, Inc., and DBR Capital, LLC, dated as of April 27, 2020~~	~~Incorporated by reference to the Current Report on Form 8-K filed April 30, 2020~~

~~10.64~~	~~Consent of Holders of Series B Preferred~~	~~Filed with the POS AM as filed with the SEC on June 2, 2020~~

~~10.65~~	~~Convertible Secured Promissory Note by Investview, Inc., and DBR Capital, LLC, dated as of May 27, 2020~~	~~Incorporated by reference to the Current Report on form 8K filed on June 2, 2020~~

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.

2527

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,~~November 9, 2020	By:	/s/ Joseph Cammarata
		Joseph Cammarata
		Chief Executive Officer
		(Principal Executive Officer)

Dated: ~~August 14,~~November 9, 2020	By:	/s/ Jayme L. McWidener
		Jayme L. McWidener
		Chief Financial Officer
		(Principal Financial Officer and Accounting Officer)

2628

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

	Large accelerated filer [ ]		Accelerated filer [ ]
	Non-accelerated filer [X]		Smaller reporting company [X]
	Emerging growth company [ ]