v3.26.1
DIGITAL ASSETS
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
DIGITAL ASSETS

NOTE 5 – DIGITAL ASSETS

 

Adoption of ASU No. 2023-08, Accounting for and Disclosure of Digital Assets

 

Effective January 1, 2025, the Company adopted ASU 2023-08, which requires entities to measure crypto assets at fair value with changes recognized in the Statement of Operations each reporting period. The Company’s digital assets are within the scope of ASU 2023-08, and the transition guidance requires a cumulative-effect adjustment as of the beginning of the current fiscal year for any difference between the carrying amount of the Company’s digital assets and fair value. As a result of the Company’s early adoption of ASU 2023-08, the Company recorded a $148,346 increase to digital assets and a $148,346 decrease to accumulated deficit on the Balance Sheets as of the beginning of the fiscal year ended December 31, 2025.

 

The following table presents the Company’s Digital Asset holdings as of December 31, 2025:

 

   Quantity   Cost Basis   Fair Value 
Bitcoin   51.59   $5,105,782   $4,514,638 
USDC   949,373    949,373    949,373 
Total digital assets held as of December 31, 2025       $6,055,155   $5,464,011 

 

The following table presents a roll-forward of total digital assets for the year ended December, 2025, based on the fair value model under ASU 2023-08:

 

   Fair Value 
Balance as of December 31, 2024  $1,127,891 
      
Cumulative effect adjustment upon adoption of ASU 2023-08   148,346 
Revenue recognized from Bitcoin mined (31.96 Bitcoin)   3,306,756 
Digital assets collected from membership revenue   1,230,493 
Digital assets received from sale of fixed assets   144,478 
Purchase of digital assets   9,026,566 
Proceeds from sale of digital assets   (6,858,454)
Operating expenses paid with digital assets   (2,028,365)
Dividends paid via digital assets   (162,770)
Realized gain (loss) on digital assets   120,214 
Change in fair value of digital assets   (591,144)
Balance as of December 31, 2025  $5,464,011 

 

Prior to Adoption of ASU No. 2023-08, Accounting for and Disclosure of Digital Assets

 

Digital assets

 

Prior to the adoption of ASU 2023-08, digital assets were accounted for as indefinite-lived intangible assets and were initially measured in accordance with ASC Topic 350 - Intangible-Goodwill and Other (“ASC 350”). Digital assets were not amortized, but were assessed for impairment annually, or more frequently, when events or changes in circumstances occur, indicating that it is more likely than not that the indefinite-lived intangible asset is impaired. Whenever the exchange-traded price of digital assets declined below its carrying value, the Company was required to determine if an impairment existed and to record an impairment equal to the amount by which the carrying value exceeded the fair value.

 

The following table presents a roll-forward of digital assets for the year ended December 31, 2024, based on the cost-impairment model under ASC 350:

 

   Cost Basis 
Balance as of December 31, 2023  $585,632 
      
Revenue recognized from Bitcoin mined (85.92 Bitcoin)   5,186,606 
Digital assets collected from membership revenue   1,522,692 
Purchase of digital assets   6,458,234 
Proceeds from sale of digital assets   (758,516)
Operating expenses paid with digital assets   (11,873,555)
Dividends paid via digital assets   (171,611)
Debt extinguished in exchange for digital assets   (274,041)
Realized gain (loss) on sale of digital assets   452,450 
Balance as of December 31, 2024  $1,127,891 

 

 

INVESTVIEW, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024